https://www.fortunebusinessinsights.com/remote-towers-market-102523

Exploring the Remote Towers
Market: Growth Insights,
Trends & Forecast 2024–2032
The global remote towers market size is expected to reach USD
727.60 million by 2032 while exhibiting a stellar CAGR of 25.00%
between 2024 and 2032. This is attributable to increasing focus on
modernization of airports across the globe. Fortune Business
Insights, in its latest report, titled “Remote Towers Market Size,
Share and Industry Analysis by Operation (Single Multiple
and Contingency), By System (Airport Equipment, Remote
Towers Modules, Network Solutions), By Application
(Communication, Information & Control, Surveillance,
Visualization), and Regional Forecast, 2024–
2032.”, observes that the market was worth USD 40 million in
2019 and is likely to witness significant growth in the forthcoming
years.
Remote tower is a modern concept wherein the overall air traffic
services of an airport are managed at a different place than the local
control tower. They offer several benefits over the conventional air
traffic control systems located at the airport. They provide extensive
support tools that enhances the safety and improves the operational
activities of the airport. Additionally, they provide several cost-
saving options and aid in reduction of maintenance costs. These
towers are equipped with sensors, high-resolution cameras, and
hardware that deliver optimum quality air traffic services and are
adopted widely across several airports across the globe.
List of the Companies Operating in the Market:

https://www.fortunebusinessinsights.com/remote-towers-market-102523


https://www.fortunebusinessinsights.com/remote-towers-market-102523

 Frequentis Group
 Saab Group
 Searidge Technologies
 Indra Systems
 Avinor
 Thales Group
 Harris Corporation
 Indra Navia AS
 Leonard Martin Corporation
 Raytheon Corporation
Information Source:
https://www.fortunebusinessinsights.com/remote-towers-market-
102523
What does the Report Include?
The market report includes quantitative and qualitative analysis of
several factors such as the key drivers and restraints that will affect
market growth. The report provides insights into the regional
analysis that covers the different regions, which are contributing to
the growth of the market. It includes the competitive landscape that
involves leading companies and adoption of strategies by them to
innovate novel products, announce partnerships, and collaboration
that will contribute to the growth of the market between 2020 and
2027. Moreover, the research analyst has adopted several research
methodologies such as PESTEL and SWOT analysis to extract
information about the current trends and industry developments
that will drive the market growth in the forthcoming years.
DRIVING FACTORS
Increasing Focus on Modernization of Airports to Augur
Growth
According to the International Air Transport Association, the global
air passenger traffic in 2019 rose by 4.2% when compared to 2018.
Increasing air passenger traffic is placing a heavy strain on the
terminal and ground facilities across several airports. Besides, this is
leading to dangerous air congestion over major cities globally. To
prevent any untoward incidents and mishaps, the airports are
increasingly focusing on modernizing airport amenities and
upgrading the operational services. Growing adoption of technology
such as artificial intelligence (AI) and machine learning in the
modernization process of the airports is expected to bode well for
the growth of the global remote towers market during the forecast
period.
REGIONAL INSIGHTS
Presence of Major Manufacturers in Europe to Aid Growth
Among all regions, the market in Europe is anticipated to witness
considerable growth and hold the highest global remote towers
market share during the forecast period. This is attributable to the
presence of several manufacturers such as Thales Group, Saab, and
Frequentis Group in the region. North America, on the other hand,
is expected to hold second position in the market during the
projected horizon. This is ascribable to factors such as increasing
adoption of modern technology owing to the presence of major
companies that are focusing on modernization of airports between
2020 and 2027.
COMPETITIVE LANDSCAPE
LVNL Signs Contract with Saab to Supply Remote Tower
Systems
In December 2019, Air Traffic Control the Netherlands (LVNL)
announced that it has signed a 20-year agreement with the Saab
Digital Air Traffic Solutions (SDATS). According to the LVNL, the
contract involves an agreement by Saab, wherein it will install
remote towers at the Maastricht Airport and Groningen Airport
Eelde. Additionally, Saab will construct a remote tower center at the
Amsterdam Airport Schiphol. Adoption of strategies such as
contract signing, partnership, and merger and acquisition by the
companies is expected to contribute to the global remote towers
market growth in the forthcoming years.