5G in Aviation Market Growth 2021 Qualitative Insights, Regional Developments, Key Opportunity, Trends and Forecast 2028
The increase in the use of smart devices and Internet of Things in airports is a key driver for the growth of global 5G in the aviation market.
— Emerging research
VANCOUVER, BC, CANADA, July 18, 2022 /EINPresswire.com/ — The Global 5G in the aviation market the size is expected to reach USD 9.98 billion at a stable CAGR of 54.3% in 2028, according to the latest analysis from Emergen Research. The market revenue growth is driven to a large extent by increasing demand for faster internet speeds and increasing usage of smart devices. The increasing focus on new technologies such as 5G, Wi-Fi 6 and artificial intelligence (AI) to increase efficiency and improve the passenger experience in air travel are other key factors that are expected to drive the market revenue growth in the future.
The research report on Global 5G in Aviation Market published by Emergen Research has been formulated from the analysis of key business details and wide geographical spread of 5G in Aviation industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the 5G in Aviation Market along with crucial statistical data of the 5G in Aviation Market. The report also profiles established and emerging market players, covering business overview, product portfolio, strategic alliances, and business expansion strategies.
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The report also studies leading companies of the 5G in Aviation market along with the analysis of their business strategies, M&A activities, investment plans, product portfolio, financial status, margin gross profit and their production and manufacturing capacities.
Based on the competitive landscape, the market report analyzes the major companies operating in the sector:
Nokia Corporation, Panasonic Avionics Corporation, Huawei, Cisco Systems, Global Eagle Entertainment, Aeromobile Communications, Intelsat, Ericsson, ONEWEB and Smartsky Networks.
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The study reveals that, on some accounts, threats and challenges can act as a barrier to the business. An in-depth assessment of the 5G in aviation market in light of the macro environment such as social, political, economic, and technological environment adds granularity to the overall research. Additionally, the study produces real-time data on vital aspects including sales, profit, gross margin, and growth prospects to show how the business will experience substantial recovery in the future.
Other key findings from the report suggest
In February 2020, Nokia deployed a private 5G wireless network for a virtual inspection trial for Lufthansa Technik, which is a global provider of aviation technical services. The super-fast 5G network will eliminate the need for customers to physically attend maintenance by enabling seamless video access to the engine overhaul shop. This application leverages the use of a fast and secure 5G private wireless network to help improve productivity, operational efficiency and service.
Small cells use short-range, low-power wireless transmission systems that cover small proximity areas. Small cells have the ability to handle high data rates for mobile and broadband consumers, for IoT, and high densities of low-power, low-speed devices. This feature makes it ideal for 5G deployment which guarantees ultra-speed and millisecond latencies.
Enhanced Mobile Broadband (eMBB) is an evolution of current 4G networks that will deliver faster data speeds and a better user experience than existing mobile broadband services. eMBB will enable faster downloading, in-flight entertainment, real-time video streaming, real-time air traffic alerts, and super-fast internet access for latency-free cloud access.
The report further splits the 5G in Aviation market into key segments such as types, applications, end-user industries, technologies, and key market regions. The report also sheds light on the segment and region exhibiting promising growth in the 5G in Aviation market.
Emergen Research has segmented the global 5G in aviation market on the basis of communication infrastructure, technology, end-use, and region:
Communications Infrastructure Outlook (Revenue, USD Billion; 2018-2028)
Distributed Antenna Systems (DAS)
Technology Outlook (Revenue, USD Billion; 2018-2028)
Enhanced Mobile Broadband (eMBB)
Massive Machine Type Communications (MMTC)
Ultra-Reliable Low Latency Communications (URLLC)
Fixed Wireless Access (FWA)
End-Use Outlook (Revenue, USD Billion; 2018-2028)
5G infrastructure for the airport
Health Air Traffic Control/Air Traffic Management
Passenger, Cargo and Baggage
Airport 5G Infrastructure Automotive Demand
Communication and retail security
Smart connected airports
5G infrastructure for aircraft
The study segments the 5G in aviation industry on the basis of major classification such as product type, potential markets, application, and end-user. This assessment of the industry for the forecast period 2021-2028 incorporates projections relating to investment feasibility, gross margin, profit, consumption volume, production capacity and major market vendors. . Likewise, the statistics associated with the competitive landscape, the evolution of consumer behavior and purchasing power are presented and well explained using valuable resources such as tables, graphs and graphic images, which can be easily incorporated into business or corporate presentations.
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Summary of key points from the report:
The report offers a comprehensive overview of the market size, share, and growth rate over the forecast duration.
It provides details of the current scenario, historical data, giving an accurate forecast of the market for the coming years.
The study categorizes the market based on product types, applications, end-users, market value and volume, industry verticals, and 5 major regions.
It also offers regional market analysis and forecasts for the major geographies of the industry i.e. North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. .
Industry supply chain, sourcing strategy, upstream raw materials and downstream demand analysis have also been undertaken in the research report.
The study offers a comprehensive understanding of demand and supply dynamics, including production and consumption rates, and overall market mapping.
The report uses different analytical tools including SWOT analysis, Porter’s five forces analysis, and price analysis to provide accurate market insights.
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The global 5G in aviation market size is expected to reach USD 9.98 billion at a stable CAGR of 54.3% in 2028