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Global 5G In Aviation Market Size By Product, By Application, By Geographic Scope And Forecast


Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global 5G In Aviation Market Size By Product, By Application, By Geographic Scope And Forecast

5G In Aviation Market Size And Forecast

5G In Aviation Market size was valued at USD 926.16 Million in 2024 and is projected to reach USD 15053.61 Million by 2031, growing at a CAGR of 46% during the forecasted period 2024 to 2031.

Global 5G In Aviation Market Drivers

The market drivers for the 5G In Aviation Market can be influenced by various factors. These may include

  • Demand for Faster, More Reliable Connectivity Is Growing As connected devices proliferate and aviation relies more and more on real-time data, there is a growing need for faster, more dependable connectivity. Compared to earlier generations, 5G offers much faster data rates and reduced latency, which appeals to a range of aviation applications.
  • Improved Passenger Experience Airlines are always looking for methods to make the traveller experience better. 5G can improve customer pleasure and loyalty by enabling smooth in-flight entertainment streaming, high-quality video conferencing, and speedier internet surfing.
  • Operational Efficiency By utilising 5G, airports and airlines may enhance their operational efficiency. For example, reduced latency and faster data transmission can improve aircraft maintenance procedures, allow for real-time equipment monitoring, and speed up flight turnaround times. Predictive maintenance and remote monitoring of aircraft systems and components are made possible by 5G technology. This can improve fleet reliability overall, cut maintenance costs, and minimise downtime for airlines.
  • Advanced Navigation and Communication Air traffic control (ATC) and aircraft-to-aircraft communication can be supported by 5G networks through advanced navigation and communication technologies. This can promote more effective routing, increase safety, and improve airspace management—especially in crowded airspace.
  • new Technologies The capabilities of 5G networks can be advantageous for the integration of new technologies such as unmanned aerial vehicles (UAVs) and autonomous drones in aviation. Real-time data transfer and low-latency communication—two essential 5G features—are largely relied upon by these technologies.
  • Standards and Regulatory Support The potential advantages of 5G in aviation are being recognised by industry standards organisations and regulatory authorities more and more. The implementation of 5G technology in the aviation industry can be accelerated by the creation of pertinent standards and supportive laws.
  • Partnerships and Cooperation Innovation and investment in 5G for aviation can be stimulated by cooperation between airlines, IT firms, telecom providers, and regulatory agencies. Partnerships can hasten the installation of 5G infrastructure in airports and on board aircraft while facilitating the creation of customised solutions.

Global 5G In Aviation Market Restraints

Several factors can act as restraints or challenges for the 5G In Aviation Market. These may include

  • Regulatory Difficulties There may be a lot of obstacles in the way of the implementation of 5G in aircraft due to regulations governing spectrum allocation and safety requirements. Adherence to the demands of multiple regulatory agencies may cause hindrances or prolong the rollout of 5G in the aviation industry.
  • Infrastructure Costs A substantial sum of money must be set aside for the installation of 5G infrastructure in aeroplanes and airports. The aviation industry may find it difficult to implement 5G technology due to high infrastructure expenditures, particularly for smaller airlines or airports with tighter budgets.
  • Security Issues With 5G networks, security is still a major issue, particularly in delicate areas like aviation. Although it can be difficult and expensive, securing 5G networks from potential cyberattacks and guaranteeing their cybersecurity are crucial.
  • Spectrum Management and Interference It might be difficult to control spectrum interference and maintain uninterrupted communication in extremely crowded airspace. Achieving dependable connectivity free from external interference and collaborating with other wireless technologies are essential to 5G’s success in aviation.
  • Complexity of Integration It can be difficult to integrate 5G technology with the infrastructure and systems now in place in aviation. The implementation of 5G in aviation may be slowed back by compatibility problems and the requirement for interoperability with legacy technologies.
  • Fears Regarding Safety and Reliability In aviation, safety and reliability are of utmost importance. Significant barriers may include any real or imagined problems with 5G network dependability or worries about the safety effects of implementing new technology in vital aviation systems.
  • Market Fragmentation A number of parties are involved in the aviation sector, such as airlines, manufacturers of aircraft, airport authorities, and regulatory organisations. In order to adopt and deploy 5G technology, it can be difficult to coordinate efforts and reach consensus among different stakeholders, which can cause market fragmentation and slower adoption rates.
  • Cost-Benefit Analysis To support the investment in 5G technology, airlines and other aviation stakeholders must carry out in-depth cost-benefit assessments. Adoption rates may be slower than expected if the advantages of 5G deployment are not thought to outweigh the costs or if the return on investment is unclear.

Global 5G In Aviation Market Segmentation Analysis

The Global 5G In Aviation Market is segmented on the basis of Product, Application, and Geography.

5G In Aviation Market, By Product

  • Enhanced Mobile Broadband
  • Fixed Wireless Access
  • Others

Based on Product, the market is bifurcated into Enhanced Mobile Broadband, Fixed Wireless Access, and Others. The enhanced mobile broadband segment holds the largest market for the forecast period. eMBB is an innovation to the existing 4G network and can also be termed the initial phase of 5G services. Prominent applications involved with eMBB such as in-flight entertainment, real-time air traffic alerts, real-time video streaming, games with 3D and 4K resolutions, as well as high-speed internet access for latent-free cloud access. There is an increasing demand for better flight experience is accelerating the demand for eMBB technology used in in-flight 5G connectivity.

5G In Aviation Market, By Application

  • Aircraft
  • Airport

Based on Application, the market is bifurcated into Aircraft and Airport. The aircraft segment holds the largest market share. 5G services for aircraft operations include the facilitation of 5G services to airlines. Airlines install 5G infrastructure to reinforce the prevailing Wi-Fi connectivity in their aircraft. The adoption of the 5G network is going to be higher for international flights as these are end-of-the-day flights with a compulsory requirement for Wi-Fi connectivity. The rise in demand for better flight experience and fast internet connection throughout flight journeys is fueling the expansion of the aircraft segment.

5G In Aviation Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

On the basis of Regional Analysis, the Global 5G In Aviation Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America holds the largest market share in terms of research and development activities in 5G technology for aviation, network design/deployment, and the presence of key market players. The region has a high demand for air travel, and there is significant growth in air passenger traffic. The rising passenger traffic is increasing the demand for good internet connectivity in airports as well as aircraft. 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 will boost the market in this region.

Key Players

The major players in the 5G In Aviation Market are

  • Oracle
  • Teradata
  • IBM
  • MapR
  • Cloudera
  • Qubole
  • Adastra
  • Gemini Data
  • DvSum
  • Denodo
  • Zaloni
  • Datrium Airbus
  • Boeing
  • Thales
  • Honeywell
  • Saab
  • L3Harris Technologies
  • Verizon
  • AT&T
  • China Mobile
  • Huawei

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Oracle, Teradata, IBM, MapR, Cloudera, Qubole, Adastra, Gemini Data, DvSum, Denodo, Zaloni, And Datrium.

SEGMENTS COVERED
  • By Product
  • By Application
  • By Geography
CUSTOMIZATION SCOPE

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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