The report "5G Market in Aviation by End Use (5G Infrastructure for Aircraft and Airport), Technology (eMBB, FWA, URLLC/MMTC), Communication Infrastructure (Small Cell, DAS), 5G Services (Aircraft Operations, Airport Operations), Region - Global Forecast to 2026", is estimated to be USD 0.5 billion in 2021 and is projected to reach USD 3.9 billion by 2026, at a CAGR of 52.7% from 2021 to 2026. The demand for 5G infrastructure and services has been growing due to the rising demand for better flight experience. Increasing demand for predictive, prescriptive, and condition-based maintenance through data shared by connected aircraft is also anticipated to propel the growth of 5G market in aviation over the forecast period.
Browse 70 market data Tables and 40 Figures spread through 130 Pages and in-depth TOC on "5G Market in Aviation - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/5g-market-aviation-152979610.html
5G infrastructure for aircraft segment projected to grow at highest CAGR from 2021 to 2026
Based on end-use, 5G infrastructure for aircraft is expected to grow at the highest CAGR during the forecast period, owing to the rise in the development of smart connected aircraft across the globe. 5G infrastructure and services would be used in various flight operations as well as drone operations, such as real-time data acquisition and monitoring and in-flight entertainment.
Ultra-reliable low latency communication/massive machine-type communications (URLLC/MMTC) segment projected to grow at highest CAGR from 2021 to 2026
Based on technology, ultra-reliable low latency communication/massive machine-type communications (URLLC/MMTC) is expected to grow at the highest CAGR during the forecast period. mMTC has been developed already as part of 3GPP Release 13/14 Low Power Wide Area (LPWA) technologies, which cover NB-IoT which would help in developing a latent free, end-to-end 5G connection. The rise in demand for a reliable and consistent end-to-end internet connection in aircrafts is expected to drive the growth for URLLC/MMTC.
Asia Pacific 5G market in aviation is projected to grow at the highest CAGR from 2021 to 2026
Based on the region, the Asia Pacific 5G market in aviation is expected to grow at the highest CAGR during the forecast period. The market growth in this region is primarily due to the increase in air passenger traffic from countries such as India, China, Japan, and other parts of the APAC region, along with the rising demand for better passenger experience. According to CAPA, four out of ten carriers with most long routes belong to APAC. With the rise in long-haul flights, there is a growing demand for a fast internet connection that is consistent throughout the flight duration. This is a major factor boosting the growth of 5G market in aviation in this region.
The 5G market in aviation has been gaining traction over the past few years due to the presence of several established companies as well as startups. Some of the major players in the 5G market in aviation in North America include Cisco Systems (US), Panasonic Avionics Corporation (US), Gogo LLC (US), Global Eagle Entertainment (US), ONEWEB (US), Smartsky Networks (US), Inseego Corp (US) and Intelsat (US). Whereas, Ericsson (Sweden), Nokia (Finland), Aeromobile Communications (UK) are some of the leading companies in Europe. Huawei Technologies Co. Ltd. (China), is the key market player in the Asia Pacific region, which has robust product offerings.
Don’t miss out on business opportunities in 5G Market in Aviation. Speak to our analyst and gain crucial industry insights that will help your business grow.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441