The global remote towers market size was estimated at $318.7 million in 2021 and is expected to hit $1.03 billion by 2031, registering a CAGR of 11.7% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Covid-19 Scenario-
- The Covid-19 outbreak forced governments across the globe to implement strict lockdown measures and ban on the import–export of raw material items, especially in the initial period. This gave way to sudden decline in the availability of important raw materials.
- As a result of interrupted supply chains, aviation production and sales suffered tremendously, which in turn impacted the global remote towers market negatively. However, the market got back on trac soon.
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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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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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