5G in Aviation Market 2020: Size, Share, Growth and Regional Forecast 2026

Posted by Rushikesh Pise on January 16th, 2020

The global 5G in Aviation Market size is projected to reach USD 4.2 billion by 2026, surging at a CAGR of 53.46% during the forecast period. Increasing need to replace 4G LTE with 5G technology in aviation is foreseen to be one of the central factors driving the growth of this market. Aviation industry is expanding at breakneck speed and 5G technology is slated to play a crucial role in charting its development. Introduction of 5G in this industry is aimed at establishing a robust connectivity infrastructure that would facilitate seamless communication between aircraft and their ground control systems.

Browse Report Summary:

https://www.fortunebusinessinsights.com/industry-reports/5g-in-aviation-market-101778

List of Major Companies Profiled in “5G in Aviation Market” Report are;

  • ONEWEB
  • Global Eagle Entertainment
  • Smartsky Networks
  • Huawei
  • Aeromobile Communications
  • Gogo
  • Inseego Corp.
  • Nokia Corporation
  • Cisco Systems
  • Panasonic Avionics Corporation

According to a new report published by Fortune Business Insights™, titled “Global 5G in Aviation Market Size, Share & Industry Analysis, By Platform (5G Airport and 5G Aircraft), Technology (FWA, URLLC/MMTC, and eMBB), Communication Infrastructure (Small Cell, Radio Access Network (RAN) and Distributed Antenna Systems (DAS)), 5G Services (Airport Operations, and Aircraft Operations), and Regional Forecast, 2019-2026”, the market value stood at USD 0.2 billion in 2019.

Moreover, high-speed internet on planes would enable people to conduct business activities whilst they are flying, saving them precious time and energy. More importantly, 5G will be instrumental in strengthening the integration of Internet of Things (IoT) technology in the aviation domain, a feat that would be difficult to attain with 4G LTE. This would greatly augment the 5G in Aviation Market growth till 2026.

 

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Rushikesh Pise

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Rushikesh Pise
Joined: November 4th, 2019
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