Press release
Remote Towers Market : Hardware, Software and solutions, Services By Offerings Industry Forecast, 2021-2031
Remote Towers Market by Application (Communication, Information and Control, Flight Data Handling, Surveillance, Visualization), by End User (Military Airport, Commercial Airport), by Operation Type (Single, Multiple, Contingency), by Offerings (Hardware, Software and solutions, Services): Global Opportunity Analysis and Industry Forecast, 2021-2031. The global remote towers market size was valued at $318.7 million in 2021, and is estimated to reach $1,033.3 million by 2031, growing at a CAGR of 11.7% from 2022 to 2031.Download Report Sample -https://www.alliedmarketresearch.com/request-sample/8128
The remote tower market is segmented on the basis of application, end user, operation type, offering, and region. By application, it is divided into communication, information & control, flight data handling, surveillance, and visualization. By end user, it is divided into military airport and commercial airport. By operation type, it is divided into single, multiple, and contingency. By offering, it is segmented into hardware, software & solutions, and services. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY FINDINGS OF THE STUDY :
By application, the communication segment is expected to register a significant growth during the forecast period.
By end user, the commercial airport segment is projected to lead the global remote tower market during the forecast period.
By operation type, the contingency segment is projected to lead the global remote tower market during the forecast period.
By offering, the services segment is projected to lead the global remote tower market during the forecast period.
Region-wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
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COVID-19 Impact Analysis :
The COVID-19 impact on the remote towers market is unpredictable, and is expected to remain in force for a few years.
The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import-export of essential raw material items for most of 2020, and few months in 2021. This led to sudden decline in availability of important raw materials.
As a result of interrupted supply chains and production schedules caused by the COVID-19 pandemic, aviation production and sales suffered severely, which, in turn, negatively impacted the market for remote tower market in 2020.
To prevent the spread of the COVID-19 virus, governments across the globe implemented strict lockdowns and made social distancing mandatory.
Consequently, several organizations began work from home programs as precautionary measure. This led to a sudden decline in global demand for traveling, which has affected the remote tower market
However, vaccination drive enabled lowering of barriers to economic activity, as well as domestic and international travel. As the restrictions lifted, travel recovered quickly leading to increase in air traffic which expected to boost the remote tower market
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The key players that operate in this remote towers market are ADACEL, Becker Avionics GmbH, DFS Deutsche Flugsicherung GmbH, EIZO Corporation, Frequentis Group, Indra Sistemas, Kongsberg Gruppen, L3Harris Technologies, Leidos, Leonardo S.P.A, Northrop Grumman Corporation, Raytheon Technologies Corporation, RETIA AS, ROHDE & SCHWARZ, SAAB AB, Searidge Technologies, and Thales Group
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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