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Growing Demand for A Better Flight Experience To Transform 5G Market in Aviation Across Globe

Increasing demand for better flight experience and the need for fast internet connectivity in airports and aircraft are some of the major factors driving this market. The demand for 5G infrastructure and services has been growing due to the rising demand for better flight experience.

The Global 5G Market in Aviation Size is estimated to be USD 0.5 billion in 2021 and is projected to reach USD 3.9 billion by 2026, at a CAGR of 52.7% from 2021 to 2026.

Increasing demand for predictive, prescriptive, and condition-based maintenance through data shared by connected aircraft is also anticipated to propel the growth of 5G market in aviation over the forecast period.

Browse 70 market data Tables and 40 Figures spread through 130 Pages and in-depth TOC on "5G Market in Aviation - Global Forecast to 2026"

Based on end-use, 5G infrastructure for aircraft is expected to grow at the highest CAGR during the forecast period, owing to the rise in the development of smart connected aircraft across the globe. 5G infrastructure and services would be used in various flight operations as well as drone operations, such as real-time data acquisition and monitoring and in-flight entertainment.

Explore In-depth Insights & Data: https://www.marketsandmarkets.com/Market-Reports/5g-market-aviation-152979610.html

Ultra-reliable low latency communication/massive machine-type communications (URLLC/MMTC) segment projected to grow at highest CAGR from 2021 to 2026

Based on technology, ultra-reliable low latency communication/massive machine-type communications (URLLC/MMTC) is expected to grow at the highest CAGR during the forecast period. mMTC has been developed already as part of 3GPP Release 13/14 Low Power Wide Area (LPWA) technologies, which cover NB-IoT which would help in developing a latent free, end-to-end 5G connection. The rise in demand for a reliable and consistent end-to-end internet connection in aircrafts is expected to drive the growth for URLLC/MMTC.

Regional Outlook

Asia Pacific 5G market in aviation is projected to grow at the highest CAGR from 2021 to 2026

Based on the region, the Asia Pacific 5G market in aviation is expected to grow at the highest CAGR during the forecast period. The market growth in this region is primarily due to the increase in air passenger traffic from countries such as India, China, Japan, and other parts of the APAC region, along with the rising demand for better passenger experience. According to CAPA, four out of ten carriers with most long routes belong to APAC. With the rise in long-haul flights, there is a growing demand for a fast internet connection that is consistent throughout the flight duration. This is a major factor boosting the growth of 5G market in aviation in this region.

Key Companies Outlook

The 5G market in aviation has been gaining traction over the past few years due to the presence of several established companies as well as startups. Some of the major players in the 5G market  in aviation in North America include Cisco Systems (US), Panasonic Avionics Corporation (US), Gogo LLC (US), Global Eagle Entertainment (US), ONEWEB (US), Smartsky Networks (US), Inseego Corp (US) and Intelsat (US). Whereas, Ericsson (Sweden), Nokia (Finland), Aeromobile Communications (UK)  are some of the leading companies in Europe. Huawei Technologies Co. Ltd. (China), is the key market player in the Asia Pacific region, which has robust product offerings.

Gogo LLC (US) is majorly focusing on developing new 5G products for the end-users in the aviation industry, globally. For instance, 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. This development will help the company in capturing the major market share in the 5G market in aviation by 2020, and also help them in increasing their customer base of business jets and regional gets globally.

Panasonic Avionics Corporation (US) is a leading manufacturer of 5G infrastructure, globally. The company majorly focuses on expanding its customer base in the in-flight entertainment and aircraft broadband Wi-Fi infrastructure market. For instance, in April 2015, Panasonic Avionics Corporation signed a contract with Nippon Airways to install in-flight- entertainment live television, and broadband Wi-Fi, on Boeing B787-9 Aircraft. In April 2015, Xiamen Air signed a contract with Panasonic Avionics Corporation for the installation of Wi-Fi services as well as Ex3 entertainment systems on six of its B787-88 aircraft. These strategies helped the company in enhancing its customer base in the aviation industry.

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