MarketDigits MR recently added Global 5G Market in Aviation Study that gives deep analysis of current scenario of the Market size, demand, growth, trends, and forecast. Revenue for 5G Market in Aviation has grown substantially over the five years to 2020 as a result of strengthening macroeconomic conditions and healthier demand, however with current economic slowdown and Face-off with COVID-19 Industry Players are seeing Big Impact in operations and identifying ways to keep momentum. 5G Market in Aviation estimates rely extensively on both the volume and value and due to slowdown price fluctuation in widening demand and supply gap.
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If you are part of this market, then Get to Know how you are perceived in comparison to your competitors Ericsson, Nokia, Cisco Systems, Panasonic Avionics Corporation, Huawei Technologies Co. Ltd., Gogo LLC, Global Eagle Entertainment, ONEWEB, Aeromobile Communications, Smartsky Networks, Inseego Corp and Intelsat; Get an accurate view of your business in 5G Market in Aviationplace with latest study published by MarketDigits.
Report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
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The 5G market in aviation size is estimated to grow from USD 300 Million in 2020 to USD 5996 Million by 2027, growing at a CAGR of 53.4% durin5G Market in Aviationg the forecast year from 2021 to 2027. The growing demand for better flight experience and the need for fast internet connectivity at airports and aircraft is expected to drive the market in the coming years.
Market overview:Based on end-use, 5G infrastructure for airport segment is estimated to account for the largest share of the market in 2021
Based on end-use, 5G infrastructure for airport is estimated to account for the largest share of the overall market in 2021. With the growing establishment of smart connected airports, the demand for the 5G network to support these smart connected airports is also increasing. For instance, London City Airport (UK), in 2018, invested around USD 900,000 for the establishment of the interconnected sensor network and data hub to track the flow of passengers in the airport. With rising air passenger traffic across the world, the installation of 5G will help in enhancing such operations in airports by facilitating ultra-high-speed connectivity, thereby fueling the growth of aviation 5G, across the globe.
Based on technology, the enhanced mobile broadband segment estimated to account for the major market share in 2021
eMBB is an evolution to the existing 4G network and can also be termed as the initial phase of 5G services. Prominent applications involved with eMBB include in-flight entertainment, real-time air traffic alerts, real-time video streaming, games with 3D and 4K resolutions, and high-speed internet access for latent-free cloud access. There is a growing demand for better flight experience, which, in turn, is fueling the demand for eMBB technology used in in-flight 5G connectivity.
Based on application, the aircraft operations segment estimated to account for the major market share in 2021
Based on application, the aircraft operations segment is estimated to account for the major market share in 2021. 5G services for aircraft operations comprise the facilitation of 5G services to airlines. Airlines install 5G infrastructure to enhance the existing Wi-Fi connectivity in their aircraft. They procure a one-time package of 5G network for their aircraft fleet from the vendors operating in the telecom industry. The adoption of 5G network will be higher for international flights as these are long haul flights with a mandatory requirement for Wi-Fi connectivity. Rise in demand for better flight experience and fast internet connection throughout flight journey will fuel growth of 5G services market in aircraft operations.
Based on region, North America is estimated to account for the largest share of the 5G market in aviation in 2021
North America is one of the leading markets for 5G in aviation, in terms of research and development activities in 5G technology for aviation, network design/deployment, and presence of key market players. The region has a high demand for air travel, and there is tremendous growth in air passenger traffic. The rise in passenger traffic is leading to an increase in demand for good internet connectivity in airports as well as aircraft. In addition, the rise of connected aircraft and smart airports in this region is boosting the growth of the regional market. The region is well known for its high adoption rate of new and advanced technologies, including the Internet of Things (IoT), AI, and autonomous/connected aircraft. Qualcomm, Intel, Cisco Systems, and AT&T are some of the major market players based in North America. In 2017, AT&T conducted 5G trials in the US cities of Austin, Waco, Kalamazoo, and South Bend.
Driver: Need for fast internet connectivity
Passengers spend a lot of time at airports. According to a survey by Dufry (Switzerland) in 2018, passengers across the globe spend an average of 180 minutes at airports; this can reach as high as 4 hours when passengers have connecting flights. With many airports being constructed on the outskirts of cities, the unavailability of strong and fast internet connectivity is a major issue faced by travelers. The high-speed and long-range capabilities of 5G is expected to effectually address this issue. In 2018, the International Air Transport Association (Canada) forecast that air passengers across the globe would double to 8.2 billion by 2037. Along with this tremendous growth in air passenger traffic, the demand for fast internet by air passengers will also rise, thereby leading to the growth of the market for 5G in aviation in the coming years
Opportunity: Deployment of flying taxis and delivery drones
While the early adopters of 5G in aviation would be commercial airlines and airports, there will be a huge opportunity for 5G connectivity providers from air taxis/eVTOL (electronic vertical takeoff and landing) aircraft as well as cargo drones/delivery drones. With a rise in demand for quick intercity and intracity transportation, the demand for eVTOL aircraft is expected to increase in the near future. In June 2019, Uber (US) partnered with AT&T (US) to research the applicability of 5G in air taxis.
Challenge: Huge investment involved in developing 5G infrastructure
With regard to the 5G market in aviation, in 2018, Air France (France) anticipated the initial cost of deploying 5G to range between USD 5 million and USD 6 million in aircraft, and between USD 4 million and USD 5 million at airports. The cost of deployment is high, owing to the lack of availability of infrastructure that would support 5G in the current market. For instance, 4G connectivity is provided through a low-band spectrum ranging between a width of 5 to 10 megahertz (MHz). 5G, which is estimated to be 10 times faster than 4G, would require spectrum bands with a width more than 200 MHz. Therefore, the huge investment requirement is one of the major challenges for the 5G market in aviation.
Scope of the Report
5G Market in Aviation, By End-use
- 5G Infrastructure for Airport
- 5G Infrastructure for Aircraft
5G Market in Aviation, By Communication Infrastructure
- Small cell
- Distributed Antenna System
5G Market in Aviation, By Technology
- Enhanced Mobile Broadband
- Fixed Wireless Access
- Ultra-Reliable Low Latency Communications/ Massive Machine Type Communications
5G Market in Aviation, By Application
- Airport Operations
- Aircraft Operations
5G Market in Aviation, By Region
- North America
- Asia Pacific
- Middle East
- Rest of the World (RoW)
Key market players in the 5G market in aviation include Ericsson (Sweden), Nokia (Finland), Cisco Systems (US), Panasonic Avionics Corporation (US), Huawei Technologies Co. Ltd. (China), Gogo LLC (US), Global Eagle Entertainment (US), ONEWEB (US), Aeromobile Communications (UK), Smartsky Networks (US), Inseego Corp (US) and Intelsat (US).
- In April 2019, the company partnered with TIM (Italy), for installing 5G demo area at Leonardo Da Vinci airport in Rome, Italy, to provide live and virtual guided tour services to passengers at Terminal 3 of the airport.
- In May 2019, Gogo announced that it developed 5G services for the smaller regional jets and business jets. This 5G service provides faster speed to air-to-ground (ATG) for fast communication services.
5G Market in Aviation report provides statistics on the current state of the industry and thereby acts as a valuable source of guidance and direction for companies & investors interested in this market. Each of the topics is researched and analysed in depth for generating comprehensive 5G Market in Aviation research report. This 5G Market in Aviation report examines the market with respect to general market conditions, market status, market improvement, key developments, cost & profit of the specified market regions, position and comparative pricing between major players. 5G Market in Aviation report is an absolute background analysis of the industry which includes an assessment of the parental market.
Critical Questions Addressed by the Report:
- What is the growth perspective of the 5G market in aviation?
- What are the key dynamics and trends governing the market?
- What are the key sustainability strategies adopted by the leading players in the 5G market in aviation?
- What are the new and emerging technologies and use cases disrupting 5G in the aviation industry?
- What are the key applications where 5G services play a significant role in the aviation industry?
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