Remote Towers Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™
Remote Towers Market will exhibit a CAGR of 31.05% during the forecast period (2020 – 2027), and reach USD 584.3 million by 2027, and the Market value as per 2019 was USD 40 million
Fortune
Business Insights™ in a new report, titled, “Remote Towers Market
Size, Share and COVID-19 Impact Analysis, By Operation Type (Single
Multiple and Contingency), By System Type (Airport Equipment, Remote Towers
Modules, Network Solutions), By Application (Communication, Information &
Control, Surveillance, Visualization), and Regional Forecast,2020-2027.”
Remote Towers Market Drivers and Restraint:
increasing investment in Airport Infrastructure Development to
Augment Growth
The
aviation industry witnessed strong growth from the past few years in various
regions. This rapid growth is increasing the number of air passengers owing to
affordable flight rate in various countries by the airline companies. The
growing demand for air travel and freight services is projected to increase the
demand for remote towers. According to the report of the International Air
Transport Association (IATA), in 2018, global airlines carried more than 4.3
billion passengers annually, and it is projected to reach around 7.2 billion
passengers by 2035. Also, around 58 million tonnes of freight were carried or
transported through airlines around the globe. The rising demand for the
expansion and development of airport infrastructure is attracting investment
from companies across the globe. According to the International Air Transport
Association (IATA), the global airport infrastructure investment of around USD
1.5 trillion is expected to be spent on construction, modernization, and
development by 2030. These factors are likely to offer several opportunities
for market growth during the forecast period.
Increase in Modernization and adoption of the remote and virtual
tower to boost industry growth
Technological
advancement in the air traffic control (ATC) system is expanding the
capabilities for the aviation industry by exploring new avenues and numerous
opportunities for the major players across the globe. In April 2019, Frequentis
Company entered in partnership with the Deutsche Flugsicherung (DFS), a
prominent air-navigation service provider in Germany. This collaboration is
aimed at developing the first tower at Saarbrucken Airport. This facility is
450 Km away at Leipzig for handling air traffic movement watched through a
360-degree camera system installed at the airport area. In addition to this,
the ongoing development of these towers is under construction in Norway to
control around five small airports. The project is expected to complete by the
year 2020 and is aimed to control more than 20 airports in the forthcoming
years. Moreover, Ireland completed a first operational trial for controlling
two airports Cork and Shannon, from the remote tower center at Dublin Airport.
These factors are projected to fuel the growth of the remote and virtual tower
market during the forecast period.
List of Key Players Covered in the Remote Towers Market Report:
- Frequentis
Group
- Saab Group
- Searidge
Technologies
- Indra Systems
- Avinor
- Thales Group
- Harris
Corporation
- Indra Navia AS
- Leonard Martin
Corporation
- Raytheon
Corporation
To gain more insights into the market with a detailed table
of content and figures, Click Here: https://www.fortunebusinessinsights.com/remote-towers-market-102523
Some of the key industry developments in the Remote
Towers Market Include:
- December 2019–Avinor, a
government-owned company handling airports on Norway, has started the
testing project for remote control technology. The goal of a short
runway airport network is needed to be equipped with communication
technology and a camera network for remote-controlled operation. The first
landing was witnessed on the island of Rost, and air traffic control was
located 100 to 60 miles away.
- April 2019 –Frequentis
entered in collaboration with Deutsche Flugsicherung DFS, a German air
navigation provider. This partnership was aimed to operate the country’s
first remote tower for handling Saarbrucken Airport from a remote control
center away around 450 Km.
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