In 2020, the size of the global 5G in aviation market was valued at approximately USD 0.35 billion. However, due to the global impact of the COVID-19 pandemic, there was a significant decrease in demand for 5G aviation services across all regions. Despite this setback, the market is expected to rebound and experience substantial growth in the coming years. It is projected that the market will increase from USD 0.54 billion in 2021 to USD 9.92 billion in 2028, with a remarkable compound annual growth rate (CAGR) of 47.03% during the period from 2021 to 2028. This rise in CAGR is a result of the market's increasing demand and overall growth, which is expected to return to levels similar to those seen before the pandemic. It is worth noting that in 2020, the market demonstrated a year-on-year growth of 25.40%, which was higher than the average growth rate observed from 2017 to 2019.

Informational Source:

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

Some of the Key Comapanies Covered in 5G in Aviation Market are:

• AeroMobile Communications Limited (U.K.)
• Cisco Systems Inc. (The U.S.)
• Telefonaktiebolaget LM Ericsson (Sweden)
• ANUVU Inc. (Global Eagle Entertainment Inc.) (U.S.)
• Gogo LLC (U.S.)
• Huawei Technologies Co., Ltd. (China)
• Inseego Corp. (U.S.)
• Intelsat Corporation (U.S.)
• Nokia Corporation (Finland)
• OneWeb Ltd (U.K.)
• Panasonic Avionics Corporation (U.S.)
• SmartSky Networks LLC (U.S.)

The aviation industry is on the cusp of a revolution driven by 5G technology. This next-generation wireless network promises to transform everything from in-flight entertainment to air traffic management. This report delves into the exciting potential, ongoing challenges, and unique considerations of the 5G aviation market in 2024 and beyond.

Untapped Potential: Redefining Aviation Operations