With the emergence and long-term Impact of COVID-19, Global 5G in Aviation Market to reach USD 5.48 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global 5G in Aviation Market is poised to raise up to USD 5.48 Billion by 2030. 5G in aviation is the integration of fifth-generation wireless technology into the aviation industry, promising to revolutionize various aspects of air travel. With its high-speed, low-latency connectivity, 5G has the potential to enhance communication, navigation, and surveillance systems, leading to improved safety, efficiency, and passenger experiences. The deployment of 5G in aviation enables real-time data transmission, allowing aircraft to communicate seamlessly with ground control, other aircraft, and various airport systems. This can optimize air traffic management, reduce delays, and enhance overall operational efficiency.
Moreover, 5G facilitates in-flight connectivity, enabling passengers to enjoy high-speed internet, streaming services, and other connected experiences while airborne. The 5G in Aviation Market is expanding because of factors such as an upsurge in airline passenger traffic, the development of autonomous ground vehicles for airport operations and the rising development of smart airports.
Geographically, the global 5G in Aviation market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022. Major contributors, including Cisco Systems, ANUVU, Gogo, Inseego Corp, Intelsat, Smartsky Networks, Panasonic Avionics, AT&T, T-Mobile, Sprint, Verizon, and Charter, are expected to play a significant role in propelling the growth of the 5G in the Aviation Market. The market dynamics are largely influenced by the growing demand for air travel and enhanced flight experience. The rising passenger traffic, both domestically and internationally, emphasizes the increased necessity for improved internet connectivity in airports and aircraft.
Furthermore, expansion of connected aircraft and the development of smart airports contribute significantly to overall growth of the regional market. Asia Pacific is expected to grow at fastest rate over the forecast period. The escalation in budget allocations for aviation infrastructure in China, Japan, and India, coupled with other Asia-Pacific nations, is anticipated to be a driving force for the 5G in the Aviation Market owing to the presence of key market players in the region. Meanwhile, Japan is actively prioritizing the development of 5G infrastructure at airports, aligning with government initiatives. In Australia, Telstra, the largest telecommunications company, has outlined plans to construct 180 5G-ready sites by 2019, significantly catering to the increasing demand for 5G connectivity infrastructure.
The global 5G in Aviation market is highly competitive owing to the presence of several key market players such as AeroMobile Communications Limited, Cisco Systems Inc., Telefonaktiebolaget LM Ericsson, ANUVU Inc. (Global Eagle Entertainment Inc.), Gogo LLC, Huawei Technologies Co., Ltd., and others.
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Key findings of the study suggest:
- Global 5G in Aviation Market is anticipated to grow with a healthy growth rate of more than 22.80% over the forecast period 2023-2030.
- In the Communication Infrastructure, RAN emerged out as the leading market segment in 2022
- In the Technology segment, eMBB emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth major contributors, including Cisco Systems, ANUVU, Gogo, Inseego Corp, Intelsat, Smartsky Networks, Panasonic Avionics, AT&T, T-Mobile, Sprint, Verizon, and Charter, are expected to play a significant role in propelling the growth of the 5G in the Aviation Market.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Communication Infrastructure:
- Small cell
- DAS
- RAN
Technology:
- eMBB
- URLLC or MMTC
- FWA
End Use:
- Airport
- Aircraft
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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