Surge in usage of smart devices and Internet of Things in airports is a key factor driving growth of global 5G in aviation market.
Vancouver, BC -- (SBWIRE) -- 05/05/2021 -- The global 5G in aviation market size is expected to reach USD 9.98 Billion at a steady CAGR of 54.3% in 2028, according to latest analysis by Emergen Research. Market revenue growth is driven to a significant extent by increasing demand for faster Internet speeds and surge in usage of smart devices. Rising focus on newer technologies such as 5G, Wi-Fi 6, and Artificial Intelligence (AI) to boost efficiency and improve passenger experience in air travel are other key factors expected to drive market revenue growth going ahead.
The report also offers a comprehensive study about the current and emerging trends observed in the market, along with an emphasis on the key driving and restraining factors. The report further sheds light on the micro and macro-economic aspects that are anticipated to shape the demand of the 5G in Aviation industry. Moreover, it also covers the competitive landscape, including the profiles and business overview of the key companies and SWOT analysis.
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Some Key Highlights from the Report
In February 2020, Nokia deployed 5G private wireless network for virtual inspection trial for Lufthansa Technik, which is a global provider of technical aircraft services. The hyper fast 5G network will eliminate the need for customers to physically attend servicing by allowing seamless video access to the engine overhaul shop floor. This application leverages the usage of fast secure 5G private wireless networking to help improve productivity, operational efficiency, and service.
Small cells make use of 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 rollout that ensures ultra-speed and latencies in millisecond range.
Enhanced Mobile Broadband (eMBB) is an evolution to current 4G networks which will provide faster data rates and a better user experience than the existing mobile broadband services. eMBB will enable faster download, in-flight entertainment, real-time video streaming, real-time air-traffic alerts, and ultra-speed Internet access for latent-free cloud access.
North America accounted for largest revenue share in 2020 due to increasing investment in R&D of 5G technology and rapid deployment of 5G networks network across countries in the region. Increase in demand for air travel, connected airports, and aircraft is further driving growth of the North America 5G in aviation market.
Key players in the market include Nokia Corporation, Panasonic Avionics Corporation, Huawei, Cisco Systems, Global Eagle Entertainment, Aeromobile Communications, Intelsat, Ericsson, ONEWEB, and Smartsky Networks.
The report categorizes the market into different key segments based on types and applications, along with key regional segmentation. The report offers insights into the segment expected to garner traction during the forecast period, and the region expected to dominate the market in the coming years.
Emergen Research has segmented the global 5G in aviation market on the basis of communication infrastructure, technology, end-use, and region:
Communication 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 Airport
Healthcare Air Traffic Control/Air Traffic Management
Agriculture Passenger, Cargo & Baggage
Automotive Demand for 5G Infrastructure for Airport
Retail Communication & Security
Smart Connected Airports
5G Infrastructure for Aircraft
Key Geographies Encompassed in the Report:
North America (U.S., Canada)
Europe (U.K., Germany, Italy, France, Rest of EU)
AsiaPacific (India, Japan, China, Australia, Rest of APAC)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Fundamental Market Parameters Elucidated in the Report:
Market dynamics: The 5G in Aviation market report explains the scope of various commercial possibilities over the next few years and further estimates revenue build-up over the forecast years. It analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers in developing vital strategies for profitable business expansion.
Competitive Outlook: The established market players operating in the 5G in Aviation industry have been listed in this report, with a major focus on their geographical reach and production facilities. To gain a competitive advantage over the other players in the 5G in Aviation industry, the leading players are focusing more on offering products at rational prices.
Objectives of the Report: The chief aim of the research report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global 5G in Aviation market.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. 5G in Aviation Market Segmentation & Impact Analysis
4.1. 5G in Aviation Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
126.96.36.199. Need for fast internet connectivity in aviation
188.8.131.52. Increasing demand for a better flight experience
4.2.3. Market restraints analysis
184.108.40.206. Huge investment involved in developing 5G infrastructure
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. 5G in Aviation Market By Communication Infrastructure Insights & Trends, Revenue (USD Billion)
5.1. Communication Infrastructure Dynamics & Market Share, 2021 & 2028
5.1.1. Small Cells
5.1.2. Distributed Antenna Systems (DAS)
Chapter 6. 5G in Aviation Market By Technology Insights & Trends, Revenue (USD Billion)
6.1. Technology Dynamics & Market Share, 2021 & 2028
6.1.1. Enhanced Mobile Broadband (EMBB)
6.1.2. Massive Machine Type Communications (MMTC)
6.1.3. Ultra-Reliable Low-Latency Communications (URLLC)
6.1.4. Fixed Wireless Access (FWA)
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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