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5G Market in aviation is projected to grow from US$ 0.5 Billion in 2021 to US$ 3.9 Billion by 2026, at a CAGR of 52.7% during the forecast period.
Major Vendors profiled in the 5G Market include are Ericsson (Sweden), Nokia (Finland), Cisco Systems (US), Panasonic Avionics Corporation (US), Huawei Technologies Co. Ltd. (China), Gogo LLC (US), Global Eagle Entertainment (US), ONEWEB (US), Aeromobile Communications (UK), Smartsky Networks (US), Inseego Corp (US) and Intelsat (US).
Based on end-use, 5G infrastructure for airport is estimated to account for the largest share of the overall market in 2021. The 5G infrastructure for aircraft segment is projected to grow at a higher CAGR during the forecast period, owing to the various applications of 5G in flight as well as passenger drone operations, such as real-time monitoring and in-flight entertainment.
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eMBB is an evolution to the existing 4G network and can also be termed as the initial phase of 5G services. Prominent applications involved with eMBB include in-flight entertainment, real-time air traffic alerts, real-time video streaming, games with 3D and 4K resolutions, and high-speed internet access for latent-free cloud access. There is a growing demand for better flight experience, which, in turn, is fueling the demand for eMBB technology in the 5G market in aviation.
North America has a high demand for air travel, and there is tremendous growth in air passenger traffic. The rise in passenger traffic is leading to an increase in demand for good internet connectivity in airports as well as aircraft. In addition, the rise of connected aircraft and smart airports in this region is boosting the growth of the regional market.