5G in aviation market in Asia-Pacific will reach a CAGR of 24.4% from 2021 to 2030
[273 Pages] 5G in Aviation Market to Reach $4.68 Billion by 2030, Small Cell Infrastructure to Grow at 23.8% CAGR; eMBB technology is expected to reach a CAGR of 24.3%.
PORTLAND, ORAGON, USA, September 20, 2022 /EINPresswire.com/ — According to the report published by Allied Market Research, the global market 5G in the aviation market generated $0.7 billion in 2020 and is projected to reach $4.68 billion by 2030, growing at a CAGR of 22.8% from 2021 to 2030. The report provides a detailed analysis of the changing dynamics of the market, major segments, value chain, key investment pockets, regional scenario, and competitive landscape.
The upsurge in air passenger traffic and government initiatives to support the development of 5G are driving the growth of global 5G in the aviation market. However, the high infrastructure costs involved in the deployment of 5G technology are limiting the market to some extent. On the other hand, contracts and agreements with players in the aeronautical industry and the continuous progress of the 5G network present new opportunities in the coming years.
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COVID-19 scenario:
The outbreak of the COVID-19 pandemic has negatively impacted the global aviation 5G market.
There was a significant drop in the supply of 5G technology for airport and aviation applications during the initial phase of the pandemic.
In addition, the COVID-19 health crisis has brought many complexities in transportation, as airports around the world have faced bottlenecks in operational processes.
The report offers a detailed segmentation of the global 5G in aviation market based on communication infrastructure, technology, end-use and region.
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Based on communication infrastructure, the small cell segment held the highest market share in 2020, holding more than half of the total market share, and is expected to maintain its leading status during the forecast period. . Moreover, the same segment is estimated to register the highest CAGR of 23.8% from 2021 to 2030.
Based on end use, the airport segment held the largest market share in 2020, holding approximately more than two-thirds of the total market share, and is expected to maintain its leading status during the forecast period. . Moreover, the same segment is expected to register the highest CAGR of 23.6% from 2021 to 2030.
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Based on region, North America contributed the highest share in terms of revenue in 2020, holding more than a third of the total market share, and is expected to maintain its dominant share by 2030 Moreover, the Asia-Pacific region is expected to manifest the fastest CAGR of 24.4% during the forecast period.
The list of companies featured in the global 5G in aviation market analyzed in the research includes Cisco Systems, Inc., Gogo Inc., Huawei Technologies Co., Ltd., Inseego Corp., Nokia Corporation, OneWeb, Panasonic Avionics Corporation, Qualcomm Technologies, Inc., Smartsky Networks, LLC and Telefonaktiebolaget LM Ericsson.
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Similar reports we have on the aviation industry:
Aviation Analytics Market by end user (airlines, airports and others), by application (flight risk management, inventory management, fuel management, revenue management, customer analytics and navigation services), by business function (sales and marketing, finance, maintenance, repair and operations, and supply chain), and by component (service and software) – Global Opportunities Analysis and Industry Forecast, 2017-2030.
IoT in the aviation market By end market (airports, airlines, MROs and manufacturers), application (ground operations, passenger experience, asset management and air traffic management) and component (IoT devices, IoT solutions and services): analysis of global opportunities and industry forecast, 2020-2030.
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