Market Overview
The Global 5G in Aviation Market 2020 is projected to be valued at USD 21.20 billion by 2030 at 52.7% over the review period (2019-2030).
Market Highlights
Due to the growing demand for high-speed Internet access on board, increasing air passenger traffic around the globe, and focusing on flight experience, the Global 5G in the aviation industry is projected to report considerable growth during the forecast period. In addition, demand growth is projected to be driven by the modernization and expansion of airports in developing countries like China and India. The growth in air passenger traffic has contributed significantly to the 5G growth in the aviation industry. Because of many entrants in the industry, intense competition is pushing 5G operators to concentrate on innovation. In addition, the growing acceptance by airports of 5G technologies is projected to fuel business growth.
However, concerns relating to the allocation of spectrum bands and the high costs involved in 5G technology deployment could hamper the growth of the sector.
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Because of government-imposed lo, COVID-19 has pushed individuals who include telecommunication firms around the world to operate from home. Because of increased mobile data use, mobile network providers have seen a rise in bandwidth use as individuals remaining at home comply with the government's efforts to control the COVID-19 outbreak. However because of travel bans imposed by authorities to limit the dissemination of COVID-19, airports and airlines are facing a financial crisis. Due to insufficient site connectivity and the labour crisis in the aftermath of the COVID-19 situation, mobile network service providers are forced to delay existing 5G infrastructure projects. Due to increased air passenger traffic, the airline industry embracing 5G is expected to reap the gains as flight restrictions are lifted.
Market Segmentation
By connectivity type, the market consists of ground-to-ground communication and air-to-ground communication.
By communication infrastructure, the market is segmented into small cells and distributed antenna systems (DAS).
By application, the market comprises of airport operations and airline operations.
By end-use, the market has been divided into airports and aircraft.
Regional Overview
In 2018, in the aviation market, North America led the global 5G. In terms of research and development operations in 5G technologies for aviation, network design/deployment, and major industry actors, North America has the highest market share. The area has a strong demand for air transport, and air passenger traffic is increasing dramatically. The region is well known for its high rate of acceptance of emerging and innovative technology that will fuel the demand in this region, including the Internet of Things (IoT), AI, and autonomous/connected aircraft. Because of influential technology firms such as Honeywell International, Inc. and GOGO LLC, this development is expected to persist over the forecast era.
In Europe, the growing acceptance of 5G technologies by UK airports is projected to accelerate the growth of the sector.
During the forecast period, the demand in the APAC region is expected to report the highest CAGR. It is projected that increasing air passenger traffic in China and India and companies such as Huawei Technologies Co., Ltd will boost the region's business growth.
Smart airports in nations such as the UAE are projected to drive demand growth in the field in the Rest of the World segment.
Competitive Dashboard
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).
Sprint Corporation (US), SK Telecom Co., Ltd (South Korea), KT Corporation (South Korea), Inseego Corp (US), Intelsat (Luxembourg), AT&T (US), Verizon (US), Aeromobile Communications Ltd (UK), Vodafone Group PLC (UK), Etisalat (UAE), and others.
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