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New York, NY, Jan-02, 2020 /(Aerospace NEWS)-- The "Remote Towers Market by Operation Type (Single, Multiple, Contingency), System Type (Airport Equipment, Remote Tower Modules, Network Solutions), Application (Communication, Information & Control, Surveillance), and Region - Global Forecast to 2025", is projected to grow from an estimated USD 63 million in 2019 to 392 million by 2025, at a CAGR of 35.53% during the forecast period. Increasing cost savings, efficiency, and safety, as well as the increasing number of airports, are expected to drive the growth of the market.Browse 65 market data Tables and 34 Figures spread through 132 Pages and in-depth TOC on "Remote Towers Market - Global Forecast to 2025"View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/remote-towers-market-202956087.htmlBased on operation type, the contingency segment is projected to grow at the highest CAGR from 2019 to 2025.The growth of this segment can be attributed to the high demand for remote towers due to increasing air traffic at tier 1 airports. London’s Heathrow Airport has a contingency remote tower which can control 70% of air traffic in case of emergency or very heavy traffic flow.Based on system type, the airport equipment segment is projected to grow at the highest CAGR from 2019 to 2025.The growth of this segment can be attributed to the increased need for sophisticated airport equipment for high quality input data transfer to remote towers, as the transfer of error-free data and voice communication to a remote tower is crucial for the functioning of remote virtual towers.APAC is expected to be the fastest-growing remote towers market during the forecast period.APAC is expected to be the fastest-growing market during the forecast period. This growth is attributed to the upcoming new regional airports in countries such as China and India. Increasing air traffic is also expected to drive the growth of the remote towers for contingency operations in the region. Saab and the Airports Authority of India (AAI) signed a Memorandum of Understanding (MoU) in January 2019 to conduct research on air traffic management automation systems for airports under the UDAN Regional Connectivity Scheme for India. Additionally, India plans to review for 50 new regional airports in the next two years. Similarly, China’s LES Information Technology is developing a remote tower technology. The country has planned for 200+ new airports by 2035.Major players operating in the remote towers market include Frequentis (Austria), Saab AB (Sweden), Searidge Technologies (Canada), Indra Sistemas (Spain), Avinor (Norway), and Thales Group (France), among others. These players offer various remote tower solutions covering both, hardware components as well as software services, as well as the integrators of these solutions. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, and Asia Pacific.Don’t miss out on business opportunities in Remote Towers Market. Speak to our analyst and gain crucial industry insights that will help your business grow.About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA : 1-888-600-6441Email: [email protected]