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Remote Towers Industry Competitive landscape, trends and Opportunities

The global remote towers market is projected to grow from USD 0.3 Billion in 2022 to USD 0.6 Billion by 2027, at a CAGR of 19.6% from 2022 to 2027. Remote tower is a innovative concept where the air traffic service (ATS) at an airport is performed somewhere other than in the local control tower. Although it was originally developed for airports with low traffic levels, in 2021 it was implemented at a major international airports in London, Norway and few other places. Also, this report dicusses the digital tower concept. To capture the increasing demand for integration of a wide range of ATM systems and data in support of advanced air traffic operations, the digital towers concept was launched. Sample Report For Free @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=202956087 To know about the assumptions considered for the study download the pdf brochure Agreements, collaborations, new product developments, contracts, expansion, acquisitions, and partnerships are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the remote towers market. For example, in October 2021, Frequentis Group signed agreement with Indra Sistemas (Spain) to digitalize the EUROCONTROL Integrated Network Management (INM) system. Saab (Sweden), Thales Group (France), Frequentis Group (Australia), Indra Sistemas (Spain), and L3Harris Technologies (US) are among the leading players operating in the remote towers market. A general overview of these companies; an analysis of their financials, products, and services; and key strategies undertaken by them are covered in this report. THALES GROUP Founded in 2000 and headquartered in La Défense, Paris (France), Thales Group offers integrated solutions and equipment for government, civil, and commercial customers in the aeronautics, space transport, and defense & security markets. The company had 81,000 employees as of 2021 and is listed on the Euronext NV under the ticker symbol, HO. The company operates through 3 business segments, namely, aerospace (avionics & space), transport (ground transportation systems), and defense & security (secure communication & information systems, land & air systems, and defense mission systems). The avionics global business unit offers a large array of equipment for pilot, navigation, and aircraft control systems; electrical generation & conversion; and inflight entertainment & connectivity systems. The company has a presence in Asia, the Middle East, Africa, and Latin America. SAAB Saab was founded in 1937 and is headquartered in Stockholm, Sweden. The company had 18,000 employees as of 2021 and is listed on the Nasdaq with the ticker symbol SAAB-B. The company majorly provides products, services, and solutions for the defense, commercial aviation, and civil security sectors. It operates through 6 business segments, namely, air, land, naval, civil security, commercial aeronautics, and others. It has a strong international presence with established markets in Sweden, Asia, Australia, and Africa. The major competitors of Saab in the aerospace segment are United Technologies Corporation (US), Rockwell Collins, Inc. (US), Honeywell International, Inc. (US), and Parker Hannifin Corporation (US), among others. L3HARRIS TECHNOLOGIES Founded in 1926 and headquartered in Florida, US, Harris Corporation provides a wide range of mission-critical communication products and services to government and commercial customers. The company had 17,500 employees as of 2018. It is listed on the New York Stock Exchange (NYSE) under the ticker symbol HRS. In 2019, it merged with L3 Technologies to create L3Harris Technologies. The company mainly operates through 3 business segments, namely, communication systems, electronics systems, and space & intelligence systems. The company’s structure is categorized into four subsegments, namely, government communication systems, RF communications, integrated network solutions, and Exelis. Its critical network division provides solutions supporting air traffic management, energy & maritime communications, and engineering services. L3Harris Technologies has the scale and range of capabilities to deliver the next generation of ATM, modernizing ATM internationally with technologies that enhance the safety, capacity and efficiency of aviation. INDRA SISTEMAS Founded in 1993 and headquartered in Madrid, Spain, Indra Sistemas offers information technology, consulting, and related outsourcing services for the utilities & energy, security & defense, transport & traffic, and telecommunication sectors. The company had 43,707 employees as of 2018 and is listed on the Bolsa De Madrid (Madrid Stock Exchange) with the ticker symbol IDR. Indra Sistemas is structured into six business divisions, namely, defense & security, energy & industry, financial services, telecom & media, transport & traffic, and government & healthcare. The transport & traffic segment offers advanced air traffic management solutions that comply with the International Civil Organization (ICAO) standards and practices. It offers automatic flight tracking systems, flight plan management tools, air traffic prediction tools, and radar/ADS-B sensors. The company has a wide presence across Spain, Latin America, Europe, North America, Asia, Middle East, and Africa. Full Report @ https://www.marketsandmarkets.com/Market-Reports/remote-towers-market-202956087.html

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