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5G in Aviation Market to Exhibit a Stellar CAGR of 47.03% over 2021-2028; Surging Demand for Advanced Technological Installations in Flights Set to Promote Growth

February 14, 2022 | Aerospace & Defense

The global 5G in aviation market size reached USD 0.35 billion in 2020. The market value is estimated to increase from USD 0.54 billion in 2021 to USD 9.92 billion in 2028 at a CAGR of 47.03% in 2021-2028. This information is published by Fortune Business Insights™, in its report, titled, “5G in Aviation Market Share, Size & COVID-19 Impact Analysis, By Platform (5G Airport and 5G Aircraft), Technology (FWA, URLLC/MMTC, and eMBB), Communication Infrastructure (Small Cell, Radio Access Network (RAN), and Distributed Antenna Systems (DAS)), 5G Services (Airport Operations, and Aircraft Operations), and Regional Forecast, 2021-2028.”


As per our analysts, increasing the aviation practical possibility of Internet of Things (IoT) coupled with Augmented Reality (AR) and Virtual Reality (VR) notions is the core objective of 5G technology. This technology has remarkable latent to incorporate digital technology with various singular operators, therefore driving the 5G in aviation market growth.


5G technology in the aviation industry is at a blossoming stage. Nevertheless, implementing the 5G technology amid aviation industry and its employment is well-pronounced by the industry owing to its characteristics such as ultra-high dependability and low expectancy with the technological engagement in digital aviation. This is expected to bolster the market growth and demand during the forecast period of 2021-2028.


Global Travel Restraint & Decreased Aircraft Transport amid COVID-19 to Critically Affect Aviation Industry


The aviation industry in 2020 has been one of the most adversely impacted industries amid the ongoing COVID-19 pandemic. The prominent factors such as global travel restrictions and reduced aircraft deliveries are responsible for the harshly decline in the market growth. The market players and the service providers in the aviation industry emphasize new technologies adopted for the reinvigoration of the sector, such as 5G in the Aviation Market.


According to General Aviation Manufacturers Association (GAMA), the producers have observed a decline in aircraft demand and postponements in supplies. For instance, Airbus S.A.S. transported 566 aircraft supplies in 2020 in comparison with that of 863 in the year 2019, while The Boeing Company transported about 157 aircraft in 2020 as compared to that of 380 in 2019.


The International Civil Aviation Organization (ICAO) report 2020 suggests a 60% reduction in the overall air passengers (2.69 billion) compared to 4.49 billion in 2019 with the loss of approx. USD 371 billion to the airlines.


Global Eagle Reinvents Inflight Entertainment with Iris


Global Eagle, the foremost supplier of high-speed connection and entertaining solutions for demanding global movement markets, presents Iris, which is a cost-effective inflight entertainment (IFE) payment service for airlines. Iris is currently utilized by over 20 of global major clients of Global Eagle, with majority of the client airlines of the company adapting to this medium by mid of 2021.


Iris provides an extensive variation of finest content, comprising tailored buyer solution services in order to sustain airline costs and traveller experiences, while sufficing the expectations of the passenger for high-quality IFE as come back to air travel. The service balances the content offering of Global Eagle for the principal airline brands in the globe, leveraging the global scale of the company, in-house content circulation, and technology investments in digital infrastructure and cloud calculating.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/5g-in-aviation-market-101778


Increasing Demand for 5G in Aviation Industry is Propelling Market Growth


Various influences such as escalation in demand for 5G infrastructure for aircraft flying tasks, numerous executions of 5G technology, such as high-speed data streaming and real-time fitness surveillance are anticipated to be few of the popular market growth factors.


Increasing demand for high-speed internet connection for airplane communication & interaction is also estimated to drive the market growth. The 5G technology in aviation is applied for aircraft protection and safety intentions at the airport. It can also utilize vocal communication, speedy internet connectivity at airports and air traffic control (ATC) towers, and air movement administration.  The presentation of the 5G connection for the next-gen air movement system is assessed to bolster the demand for 5G in aviation industry.


Additionally, surging demand for augmented flight experience and high-speed internet connectivity throughout the aircraft trip is anticipated to impel the growth of the 5G services market in aircraft applications.


Industry Development



  • October 2020: Nokia and Honeywell Corporation stood nominated as a part of an industry-government association of FACT (Future All Aviation CNS Technology) Project that is a dedicated R&D course under the European Union SESAR (Single European Sky ATM Research) 2020 Program.


List of Key Players Covered in this Market



  • AeroMobile Communications Limited (U.K.)

  • Cisco Systems Inc. (The U.S.)

  • Telefonaktiebolaget LM Ericsson (Sweden)

  • ANUVU Inc. (Global Eagle Entertainment Inc.) (U.S.)

  • Gogo LLC (U.S.)

  • Huawei Technologies Co., Ltd. (China)

  • Inseego Corp. (U.S.)

  •  Intelsat Corporation (U.S.)

  •  Nokia Corporation (Finland)

  •  OneWeb Ltd (U.K.)

  •  Panasonic Avionics Corporation (U.S.)

  •  SmartSky Networks LLC (U.S.)


Further Findings



  • The 5G airport segment holds the maximum market share. The growth of this section is anticipated to rise owing to the rising demand for improved Wi-Fi connectivity for customers.

  • North America held maximum 5G in aviation market share and is projected to dominate the market during the forecast period owing to the development happening in the aviation industry.


Table of Segmentation


















































  ATTRIBUTE



  DETAILS



Study Period



2019-2028



Base Year



2020



Estimated Year



 2021



Forecast Period



2021-2028



Historical Period



2019



Unit



Value (USD Billion)



Segmentation



By Platform



  • 5G Airport

  • 5G Aircraft



By Technology



  • FWA

  • URLLC/ mMTC

  • eMBB



By Communication Infrastructure



  • Small Cell

  • RAN

  • DAS



By 5G Services



  • Airport Operations

  • Aircraft Operations



By Geography



  • North America (By Platform, Technology, Communication Infrastructure, 5G Services and Country)





    • U.S. (By Platform)

    • Canada (By Platform)





  • Europe (By Platform, Technology, Communication Infrastructure, 5G Services and Country)





    • U.K. (By Platform)

    • Germany (By Platform)

    • France (By Platform)

    • Spain (By Platform)

    • The Rest of Europe (By Platform)





  • Asia Pacific (By Platform, Technology, Communication Infrastructure, 5G Services and Country)





    • Japan (By Platform)

    • China (By Platform)

    • Australia (By Platform)

    • India (By Platform)

    • South Korea (By Platform)

    • The Rest of Asia Pacific (By Platform)





  • The Middle East (By Platform, Technology, Communication Infrastructure, 5G Services and Country)





    • UAE (By Platform)

    • Saudi Arabia (By Platform)

    • The Rest of the Middle East (By Platform)





  • Rest of The World (By Platform, Technology, Communication Infrastructure, 5G Services and Sub Region)





    • Latin America (By Platform)

    • Africa (By Platform)




5G in Aviation Market
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