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.
Download Report Sample – https://www.alliedmarketresearch.com/request-sample/8128
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.
Request for Customization – https://www.alliedmarketresearch.com/request-for-customization/8128
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
Interested to Procure the Data with Actionable Strategy & Insights? Inquire here – https://www.alliedmarketresearch.com/purchase-enquiry/8128
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 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
Read More Reports –
Automotive Curtain Airbags Market – https://www.alliedmarketresearch.com/global-automotive-curtain-airbags-market-A14577
Automotive Door Hinges Market – https://www.alliedmarketresearch.com/global-automotive-door-hinges-market-A14578
Automotive Mold Market – https://www.alliedmarketresearch.com/automotive-mold-market-A14579
About Us
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.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com