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Remote Towers Market Segmentation: by Operation Type (Contingency, Single, Multiple, etc.); By System (Network Solutions, Airport Equipment, Remote Tower Modules); and Region -Analysis of Market Size, Share & Trends for 2016 - 2019 and Forecasts to 2030
Remote Towers Market to reach USD $1140.4 billion by 2030 from USD $181.44 billion in 2019 at a CAGR of 18.20% in the coming years, i.e., 2020-30.
Remote towers offer optimized and automated airport services for the regulation of air traffic. It is a device for supplying flight details from a place other than the aerodrome. Operational efficiency and protection are improved by distance tower operation. Remote towers also aid in the control of airspace and secure the management of air traffic. Digitalization and incorporation of airport functions allow remote tower applications to provide a method to address air traffic. It enables remote-friendly aerial base Air Traffic Control (ATC) or Flight Information Service (FIS) to enable view streaming and sustain safety performance at an early stage.
Remote Towers Market to reach USD $1140.4 billion by 2030 from USD $181.44 billion in 2019 at a CAGR of 18.20% in the coming years, i.e., 2020-30. According to the report, Due to factors such as the increase in aircraft delivery and the growing focus on reshaping traffic control infrastructure, it's predicted that the market for the remote tower will register tremendous growth over the projected period. Furthermore, the market is also expected to be influenced by strict air safety regulations because of the increasing terrorism worldwide. Moreover, it offers a chance for the advancement of the remote tower market with the rising adoption of UAVs for both commercial and military applications.
Source: Fatpos Global
Global Remote Towers Market has been segmented based on operation and capacity. It has been further segmented based on region into North America, Europe, Asia-Pacific, Mid East, and Africa.
In 2019, the Contingency segment dominated the global Remote Towers market.
Global Remote Towers Market is segmented by operation type into Contingency, Single, Multiple, etc. The contingency division held the largest market in 2019 and is poised to grow over the projected timeline at the highest CAGR since these platforms are used for emergencies and a remote backup tower. As a result of increased air traffic at level 1 airports, the expansion for this segment could be explained by the large demand for distance towers.
Remote Tower Modules accounted for XX% of the global volume in 2019 and are anticipated to dominate the market in the forecasted period
Global Remote Towers market is segmented by the system: Network Solutions, Airport Equipment, Remote Tower Modules. Since the remote tower module is a remote tower’s control center, the majority of infrastructure is part of remote tower modules. The remote tower module includes information & control facilities, flight data processing, and visualization. Besides, some networking and control equipment is often used as a component of remote tower modules. This is why in the system-type category, the remote tower modules have the largest market share.
Source: Fatpos Global
Growing air travel
Due to factors such as the increase in aircraft delivery and the growing focus on reshaping traffic control infrastructure, it's predicted that the market for the remote tower will register tremendous growth over the projected period. As the number of airports grows rapidly because of the growing demand for air travel, increased demand for quality and safety is driving the remote tower market in particular. A remote tower is also a possible option for constructing a new control tower when an airport extends which leads to cost reduction.
Stricter safety regulation
The market is also expected to be influenced by strict air safety regulations because of the increasing terrorism worldwide. Moreover, it offers a chance for the advancement of the remote tower market with the rising adoption of UAVs for both commercial and military applications.
High initial cost
The Remote Tower market is impeded by the restricted network infrastructure and the capacity problems of large airports due to fire, technological failure, or a security threats. Remote towers technology is costly too. The high installation cost of the initial setup may limit to some extent the growth of Remote towers.
Europe was the largest market accounting for XX% of the total market volume share in 2019
The highest proportion in the remote towers market in 2019 is expected in Europe. This is due to the SESAR initiative aimed at optimization of the control of air traffic to minimize costs and carbon emissions. Increased passenger traffic across multiple airports is putting a heavy strain on terminals and ground facilities. This also leads to severe air traffic congestion across major cities worldwide. Airports are constantly concentrating on modernizing airport facilities and enhancing operating standards to avoid any unforeseen accidents and misfortunes. The growing use of technology such as artificial intelligence (AI) and machine learning in the automation of airports is projected to augur well in the projected timeline for the growth of the global tower industry.
Asia Pacific: China, Japan, India, and the Rest of Asia Pacific
Europe: Germany, the UK, France, and the Rest of Europe
North America: The US, Mexico, and Canada
Latin America: Brazil and the Rest of Latin America
Middle East & Africa: GCC Countries and Rest of Middle East & Africa
Source: Fatpos Global
The market is mildly concentrated. In line with the advances in energy companies' regenerative sources, the remote tower manufacturers formulate strategies to boost their market share due to several large and small players, several players invest heavily in developing and improving the adoption level of these products innovative technology, and designs.
For instance, Air Traffic Control the Netherlands (LVNL) officially decided in December 2019 to establish a 20-year Saab Digital Air Traffic Solutions Agreement (SDATS). The LVNL states that the contract requires a Saab deal to construct these towers at Maastricht Airport as well as at Eelde Airport in Groningen.
The automotive and travel industry is one of the highly vulnerable vertical outbreaks of CO VID 19 and now has unparalleled complexity. COVID-19 should have a profound influence on the aerospace supply chain and product demand. The industry has gone from the business disruption in China to an overall downturn in the aerospace market. For all non-essential activities, demand for commercial vehicles will decrease. Besides, shifts in consumer purchasing behavior due to the pandemic’s uncertainty could have significant repercussions on the industry's near growth prospects. With travel bans, fewer people are traveling by aircraft thus affecting the market tremendously.
Remote Towers Market Segments:
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