The global 5G in Aviation market size is expected to be worth around US$ 6.3 billion by 2030, according to a new report by Vision Research Reports.
The global 5G in Aviation market size was valued at US$ 1.2 billion in 2020 and is anticipated to grow at a CAGR of 54.6% during forecast period 2021 to 2030.
|Market Size||US$ 6.3 Bn by 2030|
|Growth Rate||CAGR of 54.6% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Connectivity Type, Communication Infrastructure, Application, End-use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Honeywell International, Inc. (US), Huawei Technologies Co., Ltd (China), Ericsson (Sweden), Nokia (Finland), Cisco Systems, Inc. (US), Panasonic Avionics Corporation (US), GOGO LLC (US), Global Eagle (US), OneWeb (UK), SmartSky Networks, LLC (US)|
The Global 5G in Aviation Market is expected to register significant growth during the forecast period owing to factors such as the rising demand for high-speed Internet connectivity on board, increasing air passenger traffic across the globe, and focus on flight experience. Furthermore, the modernization and development of airports in developing countries such as China and India are expected to drive Market growth. However, issues related to sharing spectrum bands and high costs involved in the development of 5G infrastructure might hamper the growth of the Market .
By Connectivity Analysis
Ground-to-Ground Communication The segment dominated the 5G in Aviation Market in 2020 and is expected to register higher growth during the forecast period. The rising development of smart airports and the growing demand for enhanced communication by airport authorities to smoothen operations and reduce passenger waiting time are expected to drive the growth of the segment.
Air-to-Ground Communication The rising investments in delivery drones and flying taxis are expected to drive the growth of the segment.
By Communication Infrastructure Analysis
Small Cells Small cells are short-range, low-power wireless transmission systems that cover small geographic areas. However, small cells are capable of high data rates. Therefore, the segment is expected to exhibit a higher growth rate during the review period.
Distributed Antenna System (DAS) DAS is a network of antennas connected to a common source distributed throughout an area with an aim to improve network performance. The system can be used to provide wireless services such as Wi-Fi and cellular at airports. The segment dominated the 5G in Aviation Market in 2020.
By Application Analysis
Airport Operations The segment led the global 5G in the aviation 5G in Aviation Market in 2020 and is expected to register the higher growth rate during the forecast period of 2021 to 2030. The rising demand for high-speed Internet connectivity at airports and the rising need for enhanced communication by airport management to smoothen operations are expected to drive the growth of the segment.
Airline Operations The rising demand for in-flight connectivity by passengers for improved travel experience is expected to drive the growth of the segment.
By End-Use Analysis
Airports:The segment dominated the global 5G in the aviation 5G in Aviation Market in 2020 and is expected to register the higher growth rate during the forecast period. Factors such as the rising development of smart airports and the growing demand for high-speed Internet connectivity for ground operations to share real-time data about gates and baggage are expected to drive the growth of the segment.
Aircraft The rising development of connected aircraft is expected to drive the growth of the segment
By Regional Analysis
North America North America dominated the global 5G in the aviation 5G in Aviation Market in 2020. This trend is projected to continue during the forecast period due to the presence of prominent technology companies such as Honeywell International, Inc. and GOGO LLC. Europe: The rising adoption of 5G technology by airports in the UK is expected to drive Market growth in the region.
Asia-Pacific The 5G in Aviation Market in this region is projected to register the highest CAGR during the forecast period. Rising air passenger traffic in China and India and the presence of companies such as Huawei Technologies Co., Ltd are expected to drive Market growth in the region. Rest of the World The development of smart airports in countries such as the UAE is expected to fuel Market growth in the region.
Honeywell International, Inc. (US), Huawei Technologies Co., Ltd (China), Ericsson (Sweden), Nokia (Finland), Cisco Systems, Inc. (US), Panasonic Avionics Corporation (US), GOGO LLC (US), Global Eagle (US), OneWeb (UK), SmartSky Networks, LLC (US)
By Connectivity Type
By Communication Infrastructure
Middle East & Africa (MEA)
The 5G in Aviation market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of 5G in Aviation market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global 5G in Aviation market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the 5G in Aviation market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted 5G in Aviation market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the 5G in Aviation capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of 5G in Aviation by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global 5G in Aviation market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major 5G in Aviation market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of 5G in Aviation market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the 5G in Aviation industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
5G in Aviation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to 5G in Aviation market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of 5G in Aviation market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new 5G in Aviation market. These factors have benefited the growth of the global market for 5G in Aviation. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for 5G in Aviation. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of 5G in Aviation are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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