Press release
Global Remote towers Market Projected to Grow at 15.2% CAGR, Reaching $0.73 Billion by 2029
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Remote towers Industry Market Size Be by 2025?
The market size for remote towers has seen a fast-paced expansion in the past few years. The market value is projected to increase from $0.36 billion in 2024 to $0.41 billion in 2025, showing a compound annual growth rate (CAGR) of 15.1%. Factors contributing to this growth over the historic period include a surge in air traffic, pressure to cut down costs, need for improved safety and surveillance, demand for adaptable air traffic solutions, and initiatives for airport modernization.
What's the Long-Term Growth Forecast for the Remote towers Market Size Through 2029?
The market size for remote towers is anticipated to experience a swift expansion in the coming years, reaching $0.73 billion in 2029 with a 15.2% compound annual growth rate (CAGR). The surge during the prediction period can be credited to the escalation in air traffic complexity, worldwide expansion of airports, synergy with unmanned aerial systems (UAS), attention towards enhancing operational efficiency, and recovery of global air travel. The forecast period will feature key trends like integration with advanced automation, the application of 5G connectivity, cloud-based solutions, initiatives towards global standardization, and evolution of the regulatory framework.
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What Are the Key Growth Drivers Fueling the Remote towers Market Expansion?
Rising air travel numbers are set to fuel the expansion of the remote-tower market. This increase in 'flying passenger traffic', encompassing both the transport and positioning of passengers, ensures a brighter market outlook. Remote towers, with the assistance of the latest camera and sensor technology, provide air traffic controllers with a comprehensive and crystal-clear vision of the surrounding airport and airspace. This not only enhances the safety of operations but also builds a higher level of trust among passengers. As such, the upswing in air travel directly contributes to the market's growth. To illustrate, the Bureau of Infrastructure and Transport Research Economics (BITRE), an economic research and statistical data provider based in Australia, reported that total passenger movements witnessed a significant jump from 1.23 million in November 2021 to 16.68 million in November 2022. This escalation in airborne passenger numbers is, therefore, a key driver of the remote tower market's expansion.
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What Are the Key Trends Driving Remote towers Market Growth?
Emerging technologies are a notable trend gaining traction in the segment of remote towers. Firms operating within this marketplace are harnessing new tech solutions to maintain their market positions. For instance, Saab AB, an aerospace and defense organization based in Sweden, in June 2023, introduced a novel r-TWR. This is a digital, modular, secure, and rapidly deployable tower for adaptable air traffic control functions. It was developed in partnership with Conlog Oy. The r-TWR Deployable is a digital tower that offers high operational reliability, adaptability for different missions and overall flexibility. It can be ready for operation within an hour and be remotely managed from a secure site on a base or linked to a centralized center hundreds of miles distant, thereby protecting military staff. Some of these features might also be beneficial for international relief assignments for speedy deployment into disaster-struck nations. The r-TWR Deployable provides all the necessary equipment for air traffic control at a permanent or temporary touchdown point and could be transported via rail or road on one or two standard trailers, or in a cargo airplane the size of a C-130 Hercules. Conlog Oy is a global defense systems integration enterprise based in Finland.
How Is the Remote towers Market Segmented?
The remote towersmarket covered in this report is segmented -
1) By Operation Type: Single, Multiple, Contingency
2) By System Type: Airport Equipment, Remote Tower Module, Network Solution
3) By Application: Communication, Information And Control, Flight Data Handling, Surveillance, Visualization
4) By End User: Military Airport, Commercial Airport
Subsegments:
1) By Single: Standalone, Sequential
2) By Multiple: Simultaneous
3) By Contingency: Backup, Supplementary
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Which Companies Are Leading the Charge in Remote towers Market Innovation?
Major companies operating in the remote towers market include Frequentis Group, Indra Sistemas S.A., Thales Group, Svenska Aeroplan Aktiebolaget, L3Harris Technologies Inc., Raytheon Technologies Corporation, Leonardo S.p.A, DFS Deutsche Flugsicherung GmbH, Searidge Technologies, RETIA Inc., Kongsberg Gruppen, Rohde & Schwarz GmbH & Co KG, Altys Technologies, Atech, BAE Systems plc, Era Corporation, HungaroControl, Intelcan Technosystems, Isavia ANS, SkySoft-ATM
Which Regions Are Leading the Global Remote towers Market in Revenue?
Asia-Pacific was the largest region in the remote towers market in 2024 and is expected to be the fastest-growing region in the remote towers market report during the forecast period. The regions covered in the remote towers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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