PUBLISHER: Grand View Research | PRODUCT CODE: 1552622
PUBLISHER: Grand View Research | PRODUCT CODE: 1552622
The global remote towers market size was estimated at USD 273.2 million in 2023 and is expected to grow at a CAGR of 23.9% from 2024 to 2030. Increasing air traffic congestion, coupled with the need for cost-efficiency and operational efficiency, has made remote tower solutions an attractive option for airports worldwide. In addition, the ongoing initiatives for infrastructure modernization and digital transformation have created opportunities for remote tower deployment, driving market growth. Besides, favorable regulatory scenarios and the potential for cost savings through centralized air traffic management further drive the market expansion.
Technological advancements, including high-resolution cameras, advanced sensor technologies, immersive technologies, video analytics, artificial intelligence, and machine learning, further propel the market's growth. Combining data from multiple sensors, such as cameras, radar, and lidar, provides a comprehensive picture of the airspace, which is crucial for air traffic management. The rising demand for AI and ML to analyze sensor data to automate routine tasks, improve decision-making, and enhance situational awareness positively impacts the market.
The increasing focus on airport infrastructure development across various countries further drives market growth. For instance, in October 2023, a next-generation hybrid digital control tower working position was implemented at the Farnborough Airport, UK, as a part of a new project by Searidge Technologies and NATS, the air traffic service provider. This digital capability enabled the airport's controllers to effectively manage aircraft by direct visual reference from the control tower window and through interactive panoramic displays of vital parts of the airfield. Such initiatives are expected to stimulate market growth over the coming years.
Global Remote Towers Market Report Segmentation
This report forecasts and estimates revenue growth at the global, regional, and country levels along with analyzes the latest market trends and opportunities in each one of the sub-segments from 2018 to 2030. For this study, Grand View Research has further segmented the global remote towers market report based on operation, system, application, and region: