The global 5G in aviation market size is slated to reach USD 4.2 billion in 2026 owing to the growing need for efficient integration of digital technologies. As per the new Fortune Business Insights report, titled “Global 5G in Aviation Market Size, Share and 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 value of the market stood at USD 0.2 billion in 2019 and is projected to soar at a 53.46% CAGR from 2019 to 2026.
Increasing Uptake of 5G Technology in Aviation to Favor Growth
One of the key 5G in aviation market trends is the steadily climbing adoption rate of 5G connectivity in the aviation industry. This technology is seen to be revolutionary in terms of internet speed and also in the context of integrating futuristic technologies such as the Internet of Things (IoT) and Virtual Reality (VR). Its uptake in the aviation industry is premised on the increasing passenger demand for better in-flight connectivity. 5G-enabled and connected aircraft is desirable due to the variety of luxuries they offer to passengers. For instance, frequent fliers can stream high-definition videos using 5G-powered Wi-Fi during long flights, making their journey fun and entertaining.
Rising Utility of 5G Technology in Aviation to Boost Growth Prospects
Increasing demand for 5G connectivity in flying operations is expected to be one of the leading 5G share aviation market trends. This is because 5G can be utilized in a wide range of applications. For instance, 5G technology can prove to be critical in drone operations as high-speed connectivity can provide crucial real-time data for any kind of military activity. Furthermore, 5G in aviation can elevate the safety and security quotient of airplanes as pilots will be able to communicate swiftly with air control towers in times of distress. One of the most important benefits of aviation 5G is real-time aircraft health monitoring, which can be accomplished through predictive maintenance tools and techniques. These benefits are likely to accelerate the 5G in aviation market revenue in the near future.