Pune, India, 14 Feb. 2022 (GLOBE NEWSWIRE) — Global 5G in aviation market size has reached $0.35 billion in 2020. The market value is expected to increase from $0.54 billion in 2021 for $9.92 billion in 2028 at a CAGR of 47.03% in 2021-2028. This information is published by Fortune Business Insight™in its report, entitled, “5G in Aviation Market Share, Size and Impact Analysis of COVID-19, by Platform (5G Airport and 5G Airplane), Technology (FWA, URLLC/MMTC and eMBB ), communication infrastructure (small cell, radio access network (RAN), and distributed antenna systems (DAS)), 5G services (airport operations and flight operations) and regional forecast, 2021-2028. »
According to our analysts, increasing the practical possibility of Internet of Things (IoT) aviation coupled with the notions of Augmented Reality (AR) and Virtual Reality (VR) is the primary goal of 5G technology. This technology has the remarkable ability to integrate digital technology with various singular carriers, thereby driving the growth of the 5G aviation market.
5G technology in the aviation industry is booming. Nevertheless, the implementation of 5G technology within the aviation industry and its employment is well pronounced by the industry due to its characteristics such as ultra-high reliability and low standby with the technological commitment in digital aviation. This is expected to sustain market growth and demand over the forecast period 2021-2028.
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List of key players covered in this 5G in the aviation market:
- AeroMobile Communications Limited (UK)
- Cisco Systems Inc. (USA)
- Telefonaktiebolaget LM Ericsson (Sweden)
- ANUVU Inc. (Global Eagle Entertainment Inc.) (USA)
- Gogo LLC (USA)
- Huawei Technologies Co., Ltd. (China)
- Inseego Corp. (United States)
- Intelsat Corporation (USA)
- Nokia Corporation (Finland)
- OneWeb Ltd (UK)
- Panasonic Avionics Corporation (USA)
- SmartSky Networks LLC (USA)
Global travel restriction and decrease in air travel amid COVID-19 will critically affect the aviation industry
The aviation industry in 2020 has been one of the industries hardest hit by the ongoing COVID-19 pandemic. The significant factors such as global travel restrictions and reduced aircraft deliveries are responsible for the sharp decline in market growth. Market players and service providers in the aviation industry are emphasizing new technologies adopted for the revitalization of the sector, such as 5G in the aviation market.
According to the General Aviation Manufacturers Association (GAMA), producers have observed a drop in demand for aircraft and delays in supply. For example, Airbus SAS transported 566 aircraft supplies in 2020 compared to 863 in 2019, while The Boeing Company transported around 157 aircraft in 2020 compared to 380 in 2019.
The 2020 report from the International Civil Aviation Organization (ICAO) suggests a 60% reduction in the total number of air passengers (2.69 billion) compared to 4.49 billion in 2019 with a loss of approx. $371 billion to airlines.
- The 5G airport segment holds the maximum market share. The growth of this section is expected to increase due to the growing demand for improved Wi-Fi connectivity for customers.
- North America held maximum share in the 5G aviation market and is expected to dominate the market over the forecast period owing to the development of the aviation industry.
Global Eagle reinvents in-flight entertainment with Iris
Global Eagle, the leading provider of broadband connectivity and entertainment solutions for demanding global travel markets, introduces Iris, a cost-effective in-flight entertainment (IFE) payment service for airlines. Iris is currently used by more than 20 of Global Eagle’s major global customers, with the majority of the company’s airline customers adapting to this support by mid-2021.
Iris provides a wide variety of premium content, including tailored shopping solution services to support airline costs and traveler experiences, while meeting passenger expectations for high-quality IFE when it comes to air travel. The service balances Global Eagle’s content offering for the world’s leading airline brands, leveraging the company’s global scale, in-house content delivery and technology investments in digital infrastructure and cloud computing.
Browse Detailed Abstract of Research Report with TOC:
Rising Demand for 5G in Aviation Industry Propels Market Growth
Various influences such as escalating demand for 5G infrastructure for aircraft flight tasks, numerous executions of 5G technology, such as high-speed data streaming and real-time fitness monitoring , are expected to be some of the popular market growth factors.
Rising demand for high-speed internet connection for aircraft communication and interaction is also estimated to drive the growth of the market. 5G technology in aviation is applied for the purpose of protecting and securing aircraft at the airport. It can also use voice communication, fast internet connectivity at airports and air traffic control (ATC) towers, and air movement administration. The presentation of the 5G connection for the next generation air circulation system is valued to strengthen the demand for 5G in the aviation industry.
Additionally, growing demand for augmented flight experience and high-speed internet connectivity throughout air travel is expected to drive the market growth of 5G services in aviation applications.
Detailed Table of Contents:
- Search scope
- Market segmentation
- Research Methodology
- Definitions and assumptions
- Market dynamics
- Market factors
- Market constraints
- Market opportunities
- key ideas
- Major Industry Developments – Major Contracts and Agreements, Mergers, Acquisitions and Partnerships
- Latest technological advances
- Analysis of the five forces of carriers
- Supply chain analysis
- List of battery producers in the maritime sector
- Quantitative Insights – Impact of the COVID-19 pandemic on the global 5G in aviation market
- Impact of COVID-19 Pandemic on Global 5G Aviation Market
- Measures taken by industry/business/government to overcome the impact
- Key development in the industry in response to the COVID-19 pandemic
- Potential opportunities due to the COVID-19 outbreak
Industry key development:
October 2020: Nokia and Honeywell Corporation have been nominated as part of an industry-government partnership of the FACT (Future All Aviation CNS Technology) project which is a dedicated R&D course under the 2020 SESAR (Single European Sky ATM Research) program of the ‘European Union.
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