5G in Aviation Market Insights, Business Opportunities and Forecast to 2030

Research Reports

Jan 20, 2021

Market Overview

Global 5G in Aviation Market is projected to be valued at USD 21,200 Million by 2030, registering a CAGR of 52.7% from 2019 to 2030. Growth in the air passenger traffic has significantly contributed to the growth of the 5G in the aviation market. High competition owing to the presence of several players in the market is forcing 5G providers to focus on innovation. Furthermore, the increasing adoption of 5G technology by airports is expected to propel market growth. For example, in January 2019, the Guangzhou Bamiyan International Airport in China collaborated with Huawei Technologies Co., Ltd To launch a 5G base station to offer high-speed Internet connectivity to passengers.

Key Players

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) and SmartSky Networks, LLC (US)

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Growth Opportunities in the Market

ground-to-ground communication segment to register the higher growth rate: The ground-to-ground communication segment is expected to exhibit a higher CAGR during the forecast period of 2019 to 2030. The rising demand for enhanced communication by airport authorities to reduce the passenger waiting time and offer improved travel experience is expected to drive the growth of the segment.

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.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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