Remote Towers Market is Expected to Reach USD 1,276.1 million by 2030
As per the report published by Kings Research, the global Remote Towers Market was valued at USD 129.0 million in 2022 and is projected to reach USD 1276.1 million by 2030, growing at a CAGR of 33.89% from 2023 to 2030.
The aviation industry has been growing significantly in recent years, driven by the availability of low airline fares, leading to a surge in the number of passengers traveling. The International Air Transport Association (IATA) reported that international airlines carried over 4.3 billion passengers annually in 2018, and this number is expected to reach over 7.2 billion by 2035. As a result, there is an increasing demand for freight services and virtual towers which is augmenting the market growth. The expansion of airport infrastructure is attracting investments of over USD 1.5 trillion in airport construction, modernization, and development globally by 2030, providing opportunities for market expansion during the forecasted period. Remote towers have been gaining adoption in the aviation industry, with several airports implementing them, including London City Airport. Remote towers use cameras and other technology to provide air traffic services from a remote location, replicating or enhancing the panoramic view of air traffic. They are considered a promising way to reduce operational costs while maintaining or improving safety levels and are part of the aviation industry's digital transformation.
- Based on the operation, the contingency remote virtual tower segment is anticipated to register a significant growth rate of 35.36% over the forecast period
- Based on the system, the remote tower modules segment is anticipated to register a significant growth rate of 38.26% over the forecast period
- Based on the application, the communication segment accounted largest market share of 33.7% in 2022
- On the basis of region, Asia Pacific to hold the fastest CAGR of 40.00% during the forecast period
Adacel Technologies Limited Made a Contract with Broward College Incorporating Virtual and Mixed Reality Technology
March 2023: Adacel Technologies Limited (Adacel) has secured a new contract from Broward College in Florida. The contract involves the provision of a cutting-edge ATC training system that includes Adacel's cloud-based ATC training solution and incorporates virtual and mixed-reality technology to enhance distance learning and upgrade the educational experience of students.
Raytheon Technologies Collaborated with Frequentis USA to Provide Alternatives for Air Traffic Control Towers
March 2020: Raytheon Technologies collaborated with Frequentis USA to devise a solution that provides an alternative to replacing air traffic control towers at airports, referred to as Remote Virtual Tower (RVT).
Digitalization in Air Traffic Management is a Vital Trend
Digital tower technology has become increasingly popular in the air traffic management industry due to its potential to enhance safety and efficiency in remote tower operations. Remote tower systems allow for air traffic services to be provided from a location outside of the tower itself through the use of advanced digital technologies that provide accurate real-time data. Through the use of digital surveillance and advanced warning systems, remote tower operations can detect and alert pilots of potential threats arising from activities in nearby airspace, helping to boost safety and situational awareness. The aviation industry's evolution requires a greater adoption of digitalization and innovation in order to provide more efficient as well as effective solutions. Remote tower technology is an essential area of development in this regard. Several companies have invested in the development of digital tower solutions, including Saab, Frequentis, and HungaroControl, with significant opportunities expected to emerge in the future as the demand for more advanced, safe, and efficient air traffic management solutions continues to grow.
Modernization of Air Traffic Management Infrastructure is Propelling Market Growth
Remote tower technology is one of the key areas driving the modernization of air traffic management infrastructure. The use of digital technologies in air traffic control towers allows for real-time monitoring of air traffic and provides potential safety and efficiency benefits. Remote towers can be operated from a central location, allowing multiple airports to be monitored remotely, with potential benefits including increased safety, improved traffic flow, and reductions in costs associated with construction and maintaining traditional tower structures. Furthermore, remote towers can help reduce the risk of accidents by providing greater situational awareness and identifying potential safety hazards, such as nearby wildlife or other obstacles. The FAA has been working on the Next Generation Air Transportation System (NextGen) project since 2007 aimed at modernizing the National Airspace System (NAS) across the United States. The modernization includes using new technologies and procedures to increase safety and efficiency. Remote tower technology forms a key part of this initiative, and the FAA plans to complete the final implementation segment of the project by 2030.
Remote tower technology and the broader modernization of air traffic management infrastructure represent important initiatives aimed at enhancing safety and efficiency in aviation operations. The use of digital technologies, including remote towers, advanced surveillance, and automation tools can help reduce risks along with improving situational awareness in airspace operations. The need for innovation and digitalization in air traffic management is expected to grow in the coming years, as aviation continues to increase and demand for more capable and efficient systems rises.
Asia Pacific is Anticipated to Emerge as the Fastest Growing Region over the Forecast Period Acquiring CAGR of 40.00%
The growing population and increased urbanization are making a positive impact in the region. Asia Pacific is adopting remote towers due to the benefits such as cost-efficiency gains in controller resources, maintenance costs, greater flexibility, and reduced costs in air traffic control services. Additionally, the region is predicted to witness strong growth in the remote towers market in the coming years, highlighting a growing interest and adoption of the technology in the region.
Collaborative Deals Struck Among Major Industry Players
The global remote towers market is fragmented with significant players in the market, such as Thales, Adacel Technologies Limited, Raytheon Technologies Corporation, DFS Deutsche Flugsicherung GmbH, Leidos, Saab AB, EIZO Corporation, FREQUENTIS AG, Kongsberg Defence & Aerospace, Becker Avionics GmbH, L3Harris Technologies, Inc., Searidge Technologies, Avinor AS, Leonardo S.p.A., Rohde & Schwarz, and others. Major companies are concentrated on expanding their business through collaboration and partnership strategies.