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5G in Aviation Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
5G in Aviation Market Outlook - 2030The global 5G in aviation market was valued at US$ 0.70 billion in 2020 and is projected to reach US$ 4.68 billion by 2030 registering a CAGR of 22.8%. North America was the highest revenue contributor, accounting for $0.25 billion in 2020, and is estimated to reach $1.74 billion by 2030, with a CAGR of 23.6%. Key drivers of the 5G in aviation market include the growth in airline passenger traffic density and 5G development through government support.
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Further, high infrastructure costs related to 5G technology will hamper the market growth but rapid advancements in the 5G network will drive the growth of the 5G in aviation market during the forecast period. Moreover, covid 19 impact will restraint growth. However, the increasing number of contracts and agreements in the aviation industry will accelerate the growth of the market in the coming years.
5g In Aviation Market, By Region
Based on region, North America will provide lucrative opportunities for growth in the 5G in aviation market share and will grow at a CAGR of 7.8% during the forecast period. This is due to the high-density passenger traffic, R&D initiatives by key market players, and the presence of major companies in the region.
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Key Benefits For Stakeholders
• This study presents analytical depiction of the global 5G in aviation market analysis along with the current trends and future estimations to depict imminent investment pockets.
• The overall 5G in aviation market opportunity is determined by understanding profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities of the global 5G in aviation market with a detailed impact analysis.
• The current 5G in aviation market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
• Porter's five forces analysis illustrates th e potency of the buyers and suppliers in the industry.
Key Market Segments
By Communication Infrastructure
• Small cell
• DAS
• RAN
By Technology
• eMBB
• URLLC or MMTC
• FWA
By End Use
• Airport
• Aircraft
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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