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3. 5G Market in Aviation Companies - Ericsson (Sweden) and Gogo LLC (US) are the Key Players

The size of 5G market in aviation is expected to grow from USD 0.5 billion in 2021 to USD 3.9 billion by 2026, at a CAGR of 52.7% from 2021 to 2026. Increasing demand for better flight experience and the need for fast internet connectivity in airports and aircraft are some of the major factors driving this market.

Major 5G Market in Aviation Companies Include:

• Ericsson (Sweden)
• Nokia (Finland)
• Cisco Systems (US)
• Panasonic Avionics Corporation (US)
• Huawei Technologies Co. Ltd. (China)
• Gogo LLC (US)

These players have adopted various strategies, such as new product launches & developments, contracts, agreements, partnerships, joint ventures, acquisitions, and expansions, to increase their foothold in the 5G market in aviation. Of these, new product developments, agreements, partnerships, and contracts were the major strategies adopted by market players between 2015 and 2019 to help them expand their product bouquet with innovative products and consequently, enhance their customer base.

To know about the assumptions considered for the study download the pdf brochure

Ericsson (Sweden) is one of the leading infrastructure providers of 5G for airports across the globe. In April 2019, the company partnered with TIM (Italy), for installing 5G demo area at Leonardo Da Vinci airport in Rome, Italy, to provide live and virtual guided tour services to passengers at Terminal 3 of the airport. The objective of this development was not only to introduce 5G infrastructure and service to the airports but also to enhance their customer base in the aviation industry.

Gogo LLC (US) is majorly focusing on developing new 5G products for the end-users in the aviation industry, globally. For instance, in May 2019, Gogo announced that it developed 5G services for the smaller regional jets and business jets. This 5G service provides faster speed to air-to-ground (ATG) for fast communication services. This development will help the company in capturing the major market share in the 5G market in aviation by 2020, and also help them in increasing their customer base of business jets and regional gets globally.

Panasonic Avionics Corporation (US) is a leading manufacturer of 5G infrastructure, globally. The company majorly focuses on expanding its customer base in the in-flight entertainment and aircraft broadband Wi-Fi infrastructure market. For instance, in April 2015, Panasonic Avionics Corporation signed a contract with Nippon Airways to install in-flight- entertainment live television, and broadband Wi-Fi, on Boeing B787-9 Aircraft. In April 2015, Xiamen Air signed a contract with Panasonic Avionics Corporation for the installation of Wi-Fi services as well as Ex3 entertainment systems on six of its B787-88 aircraft. These strategies helped the company in enhancing its customer base in the aviation industry.

Related Reports:

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

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