According to the report, the Global 5G Market in Aviation market accounted for $0.22 billion in 2019 and is expected to reach $5.30 billion by 2027 growing at a CAGR of 48.8% during the forecast period.
Some of the factors such as the need for high-speed internet connectivity and rising command for an enhanced flight experience are propelling the market growth. However, the high initial investment involved in expanding 5g infrastructure is hampering the market growth.
5G in aviation market will be capable to support the hastily rising number of connected and smart devices in both the consumer context and industry. On the consumer side, users will experience reliable and fast communication and new real-time applications such as virtual or augmented reality and highly responsive gaming. Vehicles and their sensors will be continuously connected to both each other (V2V) and also to local infrastructure (V2I) enabling efficient, safer, and autonomous driving.
Based on the technology, the enhanced mobile broadband (EMBB) segment is likely to have a huge demand due to the applications such as games with 3D and 4K resolutions, instantaneous air traffic alerts, in-flight entertainment, and quick internet access for latent-free cloud access. There is an increasing demand for better flight experience, which, in turn, is driving the demand for EMBB technology used in in-flight 5G connectivity.
By geography, North America is estimated to have a lucrative growth due to it has a high demand for air travel, and there is tremendous growth in air passenger traffic. The rise in passenger traffic is leading to an increase in demand for good internet connectivity in airports as well as aircraft. Besides, the rise of connected aircraft and smart airports in this region is boosting the growth of the regional market.
Some of the key players profiled in the 5G Market in Aviation Market include ONEWEB, Aeromobile Communications, Cisco Systems, Global Eagle Entertainment, Gogo, Huawei, Inseego Corp., Nokia Corporation, Panasonic Avionics Corporation, Smartsky Networks, Ericsson, Intelsat, Samsung, At&T, and Monaco Telecom.
What the report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2018, 2019 2020, 2024, and 2027
4 Porters Five Force Analysis 4.1 Bargaining power of suppliers 4.2 Bargaining power of buyers 4.3 Threat of substitutes 4.4 Threat of new entrants 4.5 Competitive rivalry
5 Global 5G Market in Aviation Market, By Communication Infrastructure 5.1 Introduction 5.2 Small cell 5.3 Distributed Antenna System (DAS) 5.4 Radio Access Network (RAN)
6 Global 5G Market in Aviation Market, By Technology 6.1 Introduction 6.2 Massive Machine Type Communications (MMTC) and Ultra-Reliable Low-Latency Communications (URLLC) 6.3 Fixed Wireless Access (FWA) 6.4 Enhanced Mobile Broadband (EMBB)
7 Global 5G Market in Aviation Market, By Connectivity Type 7.1 Introduction 7.2 Air-to-Ground Communication 7.3 Ground-to-Ground Communication
8 Global 5G Market in Aviation Market, By Application 8.1 Introduction 8.2 Aircraft Operations 8.3 Airport Operations
9 Global 5G Market in Aviation Market, By End User 9.1 Introduction 9.2 5G Infrastructure for Aircraft 9.2.1 Drone Operations 9.2.2 Flight Operations 9.3 5G Infrastructure for Airport 9.3.1 Communication & Security 9.3.2 Passenger, Cargo & Baggage 9.3.3 Air Traffic Control/Air Traffic Management
10 Global 5G Market in Aviation Market, By Geography
11 Key Developments 11.1 Agreements, Partnerships, Collaborations and Joint Ventures 11.2 Acquisitions & Mergers 11.3 New Product Launch 11.4 Expansions 11.5 Other Key Strategies
12 Company Profiling 12.1 ONEWEB 12.2 Aeromobile Communications 12.3 Cisco Systems 12.4 Global Eagle Entertainment 12.5 Gogo 12.6 Huawei 12.7 Inseego Corp. 12.8 Nokia Corporation 12.9 Panasonic Avionics Corporation 12.10 Smartsky Networks 12.11 Ericsson 12.12 Intelsat 12.13 Samsung 12.14 At&T 12.15 Monaco Telecom