5G in Aviation Market Size to Reach USD 4.68 Billion by 2030 at CAGR 22.8% - Valuates Reports

BANGALORE, India, Feb. 15, 2022 /PRNewswire/ -- The 5G in Aviation Market is Segmented by Communication Infrastructure (Small cell, DAS, and RAN), Technology (eMBB, URLLC or MMTC, and FWA), and End Use (Airport, and Aircraft). The report covers global opportunity analysis, regional outlook, growth potential, industry forecast from 2021 to 2030.

The global 5G in aviation market was valued at USD 0.70 Billion in 2020 and is projected to reach USD 4.68 Billion by 2030, registering a CAGR of 22.8%. North America was the highest revenue contributor, accounting for USD 0.25 Billion in 2020, and is estimated to reach USD 1.74 Billion by 2030, with a CAGR of 23.6%.

Major Factors Driving The Growth Of 5g In Aviation Market Are:

Due to greater speed in the transmissions, and lower latency the 5G technology in the aviation industry allows for more efficient communication between aircraft and control towers. The 5G network solution enables the transfer of real-time data and improves the convenience and effectiveness of airport and aircraft operations. These benefits are expected to propel 5G adoption in the aviation industry.

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Trends Influencing The Growth Of 5g In Aviation Market:

The aviation industry's rising demand for fast internet connectivity will boost the 5g in the aviation market. 5G networks have a much higher capacity, allowing passengers to have a consistent, guaranteed, and high-speed connection. Improved Wi-Fi connectivity has a significant impact on the aviation industry. Passengers can watch high-definition video access during flights based on their preferences, which could significantly boost 5G revenue in the aviation market. The Seamless Air Alliance, which includes a number of airlines, telecommunications companies, and other tech companies, offers Wi-Fi connectivity in the air as well as on the ground.

The high cost of infrastructure involved in 5G technology is might delay the 5G in aviation market growth. The price of a base station, the periodic interest rate, and the required throughput density all influence the cost of deploying 5G technology. Some of these costs can be reduced, but doing so will have a significant impact on the quality of the deployed network, which will fall short of meeting the need for reliable connectivity.

The Federal Aviation Administration (FAA) has highlighted safety risks associated with 5G and aircraft instruments, and the technology's implementation has caused a brief disruption in international flights as long-haul carriers grapple with the technology's concerns. While 5G has features that can support communications for planes, airports, and drone air traffic control, the source of these risks is thought to be interference between the radio signals used by the new technology (5G) and older technology (radar altimeters). This again could slow down the 5G in aviation market. 

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5g In Aviation Market Share Analysis

Based on communication infrastructure, the small cell segment is expected to dominate the 5G in aviation market in 2020.

Based on technology, the eMBB segment is expected to hold the largest market share during the forecast period. 

Based on end-users, the airport segment is expected to hold the largest market share during the forecast period.

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Key Players

• Cisco Systems, Inc.
• Gogo Inc.
• Huawei Technologies Co., Ltd.
• Inseego Corp.
• Nokia Corporation
• OneWeb
• Panasonic Avionics Corporation
• Qualcomm Technologies, Inc.
• Smartsky Networks, LLC
• Telefonaktiebolaget LM Ericsson

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SIMILAR REPORTS

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-  The global 5G in Defense market valued at USD 551 Million in 2020 and is projected to reach USD 76,014.6 Million in 2030, registering a CAGR of 67.7%.

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