Market Size of 5G in Aviation Industry : $0.70B in 2020, Projected to Reach $4.68B by 2030, CAGR of 22.8% (2021-2030)

PORTLAND, OREGAON, UNITED STATES, March 27, 2024 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled, “5G in Aviation Market Size, Share, Competitive Landscape and Trend Analysis Report by Communication Infrastructure, Technology and End Use : Global Opportunity Analysis and Industry Forecast, 2021-2030.”

𝟓𝐆 𝐢𝐧 𝐀𝐯𝐢𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬 𝟐𝟎𝟐𝟏-𝟐𝟎𝟑𝟎 :

The global market size of 5G in aviation industry was valued at $0.70 billion in 2020, and is projected to reach $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%.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/7468

The growth of the global 5G in aviation market is driven by growth in air passenger traffic across the globe, rise in inclination toward R&D activities for 5G network and related technology development, and changing aviation industry outlook. Furthermore, growth in smart airports development activities and advancement of the commercial aircraft for improved safety, convenience and efficiency are anticipated to support the growth for 5G in aviation in the near future. In 2020, by considering the communication infrastructure of the 5G in aviation, Small cell has witnessed leading market share. Moreover, eMBB technology based 5G in aviation is expected to witness a leading market growth and dominate the market share by end of the forecast period.

In addition, market participants are entering into long term agreements and contracts with end users such as aviation industry players to gain competitive advantage in the global market. North America dominates the 5G in aviation market in the year 2020. The U.S., Germany, the UK, China, and India are expected to be the emerging countries in the global 5G in aviation market. The global 5G in aviation market is a fairly consolidated market with limited number of players operating in the global market. Majority of the market participants are strategically involved in agreement, collaboration, contract, investment, partnership, product development, and product launch.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/5g-in-aviation-market/purchase-options

The COVID-19 health crisis has adversely impacted international and domestic business aviation travel that adversely and materially affected business operations in 2020. The spread of the COVID-19 pandemic has negatively impacted the global 5G in aviation market, owing to commute restrictions, and is expected to weaken the financial performance of the market players in 2020. It has impacted the overall economy, and contributors such as market participants are formulating strategic cost-saving plans. In addition, this industry is governed by several regulations and all technologies have to pass strict standards set by global aerospace associations, and development of aviation 5G infrastructure. Owing to these factors, adoption of 5G technology is in early phases in the aerospace industry.

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨 :

The outbreak of the COVID-19 pandemic has had a negative impact on the global 5G in aviation market.

There was a significant decline in the supply of 5G technology for airport and aircraft applications during the initial phase of the pandemic.

Moreover, COVID-19 health crisis led to a lot of complexities in transportation as airports across the globe were facing bottlenecks in operational processes.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

By communication infrastructure, the small cell segment is expected to register significant growth during the forecast period.

By technology, eMBB segment is projected to lead the global market in terms of market share by the end of the forecast period.

By end use, the airport segment is projected to lead the global market, in terms of market share, by the end of the forecast period.

By region, North America dominated the global 5G in aviation market in 2020 in terms of market share.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/7468

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 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.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Aviation Analytics Market :
https://www.alliedmarketresearch.com/aviation-analytics-market

IoT in Aviation Market :
https://www.alliedmarketresearch.com/iot-in-aviation-market-A06425

Aviation Augmented and Virtual Reality Market :
https://www.alliedmarketresearch.com/aviation-augmented-and-virtual-reality-market-A09052

David Correa
Allied Market Research
+1 5038946022
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