USD 1.03 Billion Remote Towers Market Value Cross by 2031 | Top Players such as - EIZO Corporation, ADACEL

According to a new report published by Allied Market Research, titled, "Remote Towers Market," The remote towers market 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.

The Asia-Pacific region is dominating the market in terms of revenue, followed by Europe, North America, and LAMEA. China dominated the remote tower market in 2021, whereas India is expected to grow at a significant rate during the forecast period. Significant increases in the civil aviation market due to increase in demand for air travel across the developing Asia-Pacific nations is expected to propel the market during forecast period.

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Aggressive initiatives by federal organizations, such as Federal Aviation Administration (FAA) and EUROCONTROL are coming up with the standardize protocol to support global growth. As of June 2022, FAA 45,000 flights were handled by FAA per day, with 520 airport traffic control towers, 147 terminal radar approach control facilities, and more than 14,000 air traffic controllers. With the growing air traffic control operations, the demand for efficient air traffic management system is increasing, which is anticipated to be achieved by integration of cutting edge technologies, such as remote towers. Several major airports from developed and developing nations such as the U.S., China, Canada, UK, Germany, and India among others have already started investing in these technologies, which is expected fuel the growth of the remote towers market.

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.
The key players that operate in this remote towers market

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Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the remote towers market analysis from 2021 to 2031 to identify the prevailing remote towers market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the remote towers market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global remote towers market trends, key players, market segments, application areas, and market growth strategies.

Key Market Players
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
Thales Group

Know More- https://www.globenewswire.com/fr/news-release/2022/09/23/2521722/0/en/Remote-Towers-Market-to-Generate-1-03-Billion-by-2031-Says-Allied-Market-Research.html

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