• April 15, 2021

Global Remote Towers Market Report 2021-2027 - U.S. Market is Estimated at $25 Million, While China is Forecast to Grow at 31.8% CAGR - ResearchAndMarkets.com - Odessa American: Business

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Global Remote Towers Market Report 2021-2027 - U.S. Market is Estimated at $25 Million, While China is Forecast to Grow at 31.8% CAGR - ResearchAndMarkets.com

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Posted: Wednesday, March 31, 2021 8:09 am | Updated: 8:31 am, Wed Mar 31, 2021.

DUBLIN--(BUSINESS WIRE)--Mar 31, 2021--

The "Remote Towers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Remote Towers Market to Reach $607.5 Million by 2027

Amid the COVID-19 crisis, the global market for Remote Towers estimated at US$ 82.9 Million in the year 2020, is projected to reach a revised size of US$ 607.5 Million by 2027, growing at a CAGR of 32.9% over the analysis period 2020-2027.

Contingency, one of the segments analyzed in the report, is projected to record a 34.6% CAGR and reach US$ 338.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Multiple segment is readjusted to a revised 32.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $25 Million, While China is Forecast to Grow at 31.8% CAGR

The Remote Towers market in the U.S. is estimated at US$ 25 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 102.5 Million by the year 2027 trailing a CAGR of 31.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 29.6% and 28.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 23.1% CAGR.

Single Segment to Record 29.4% CAGR

In the global Single segment, USA, Canada, Japan, China and Europe will drive the 29.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 14.8 Million in the year 2020 will reach a projected size of US$ 89.7 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 72.4 Million by the year 2027.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Global Competitor Market Shares
  • Remote Towers Competitor Market Share Scenario Worldwide (in %): 2020E
  • Global Competitor Market Shares by Segment

2. FOCUS ON SELECT PLAYERS (Total 35 Featured):

  • Frequentis Group
  • Harris Corporation
  • Indra Navia AS
  • Indra Sistemas, S.A.
  • Kongsberg Gruppen
  • Leonardo S.P.A
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Raytheon Company
  • Saab AB
  • Searidge Technologies
  • Thales Group

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

  • World 7-Year Perspective for Contingency by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • World Current & Future Analysis for Multiple by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
  • World Current & Future Analysis for Single by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
  • World Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
  • World Current & Future Analysis for Communication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
  • World Current & Future Analysis for Information & Control by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
  • World Current & Future Analysis for Flight Data Handling by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
  • World Current & Future Analysis for Remote Tower Modules by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
  • World Current & Future Analysis for Network Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR
  • World Current & Future Analysis for Airport Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ for Years 2020 through 2027 and % CAGR

III. GEOGRAPHICAL MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 35

For more information about this report visit https://www.researchandmarkets.com/r/5zj37g

View source version on businesswire.com:https://www.businesswire.com/news/home/20210331005620/en/

CONTACT: ResearchAndMarkets.com

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 03/31/2021 09:09 AM/DISC: 03/31/2021 09:09 AM

http://www.businesswire.com/news/home/20210331005620/en

© 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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