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.
Get your sample today: https://reports.valuates.com/request/sample/ALLI-Manu-2Q87/5G_in_Aviation_Market
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.
Browse the Table of Contents and List of figures at: https://reports.valuates.com/reports/ALLI-Manu-2Q87/5g-in-aviation
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.
Report Customization Request: https://reports.valuates.com/request/customisation/ALLI-Manu-2Q87/5G_in_Aviation_Market
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
Chapter Cost Request: https://reports.valuates.com/request/chaptercost/ALLI-Manu-2Q87/5G_in_Aviation_Market
Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-2Q87&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS
- The global 5G technology market was valued at USD 5.13 Billion in 2020, and is projected to reach USD 797.80 Billion by 2030, growing at a CAGR of 65.8% from 2021 to 2030.
- The Europe 5G infrastructure market was valued at USD 359.3 Million in 2019 and is projected to reach USD 42,705.8 Million by 2027, registering a CAGR of 85.1% from 2020 to 2027
- The global 5G infrastructure market size was valued at USD 371.4 Million in 2017 and is projected to reach USD 58,174.6 Million by 2025, growing at a CAGR of 95.8% from 2018 to 2025.
- The global small cell 5G network market was valued at USD 858 Million in 2020, and is projected to reach USD 19,628 Million by 2030, registering a CAGR of 37.1%
- The global 5G IoT market size is projected to reach USD 2028.9 Million by 2027, from USD 290.8 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 31.4% during the forecast period 2021-2027
- The global radio access network market size was valued at USD 17.80 Billion in 2018 and is projected to reach USD 44.78 Billion by 2026, growing at a CAGR of 11.3% from 2019 to 2026.
- The global 5G Chipset market size is expected to be USD 2,120.0 Million in 2020, and is projected to reach USD 22,929.0 Million by 2026, registering a CAGR of 48.7% from 2020 to 2026.
- The global 5G and Mobile Network Infrastructure market size is projected to reach USD 153130 Million by 2028, from USD 48030 Million in 2021, at a Compound Annual Growth Rate (CAGR) of 17.8% during 2022-2028.
- In 2021, the global 5G Wireless Ecosystem market size will be USD 102510 Million and it is expected to reach USD 300020 Million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 19.6% during 2021-2027.
- 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%.
- Global 5G in Healthcare Market Report & Forecast 2021-2027
- Global 5G Base Station Market Outlook 2022
- Global 5G in Gaming Market Report & Forecast 2021-2027
- Global 5G Fixed Wireless Access (FWA) Market Size, Status and Forecast 2021-2027
To see the full list of related reports on the 5G in Aviation
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources
CONTACT US:
Valuates Reports
[email protected]
For U.S. Toll-Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Follow on Twitter - https://twitter.com/valuatesreports
Follow on Linkedin - https://in.linkedin.com/company/valuatesreports
Follow on Facebook - https://www.facebook.com/valuatesreports
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
Share this article