Remote Towers Market Is Projected To Grow From $0.3 Billion in 2022 to $0.6 Billion by 2027
Remote towers refer to air traffic control towers that are remotely located, either near or far from airports. They provide Air Traffic Services (ATS) remotely through a real-time visual reproduction of the airport via high-definition cameras. The technology behind Remote towers is not a new technology but the speed at which it is now beginning to be employed into the aviation industry is changing the way in which Air Traffic Services will be offered. The recent opening of the largest Remote Tower centre in Bodø, Norway and many other parts of the world, is a sign that remote tower services are going to be employed throughout the industry worldwide. Also the digitalization aspect of these technologies is offering benefits for tower controllers which permits them to work more safely and effectively.
This market report covers various applications and systems related to remote towers that are used in commercial and military airports. Remote towers are evolving rapidly in terms of technology, with the development of new, advanced, and high-speed cameras, remote modules, and communication systems. Increased cost saving, efficiency, and safety fuel the demand for remote towers. The global remote towers market size is projected to grow from USD 0.3 Billion in 2022 to USD 0.6 Billion by 2027, at a CAGR of 19.6% from 2022 to 2027.
The COVID pandemic has had and will persist to have for some time a damaging impact on air traffic. Airports of all sizes have been hit hard but smaller and regional airports are especially vulnerable as a result of the crisis as they must retain air service provision for next to no traffic. Due to COVID-19 crisis, the research & development (R&D) in numerous remote towers system has been hindered due to the declared lockdowns and government restrictions on public gatherings. Due to COVID-19 crisis worldwide, the major airports have been non-operational, which has deferred ongoing upgradation of airports with multiple remote tower systems. Business development possibility of multiple remote tower firms has been severely affected due to the overall shortage in demand of remote tower systems due to COVID-19 pandemic.
Ask for Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=202956087
By operation type, the single segment of the remote towers market is estimated to have highest market share during forecast period of 2022 to 2027. Single configuration is used to provide air traffic services (ATS) to a dedicated or specific airport and not switched between two airports. The smaller physical footprint of single remote towers has led to high demand of single remote towers in airports worldwide.
Based on investment, the expansion & modernization segment is projected to lead the remote towers market during the forecast period. Various European and American airports, including London City Airport (UK), Heathrow Airport (UK), Saarbrücken (Germany), Erfurt (Germany), and Dresden (Germany) are operating through expansion and modernization programs. The key priority of airport operators and air navigation service providers is to centralize 2-3 airports with low and medium air traffic with remote towers infrastructure.
Communication segment would lead based on application, because it is a crucial component for air traffic management. Communication between air traffic controllers and aircraft is in the form of voice and text. Remote towers are equipped with specific systems that process and display communication data. These systems collect and relay communications between control working positions (CWPs) and the aircraft.
Europe to lead the remote tower market in 2022, with the UK, and Sweden accounting for the significant share of the regional market. The growing demand for remote towers in the European region with the development of new and technologically advanced remote towers component such as high resolution cameras, and panoramic display and communication systems are the key factors driving the market in Europe.
Request For Custom Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=202956087
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Comments
Post a Comment