Home > Semiconductors & Electronics > Telecom and Networking > 5G in Aviation Market

5G in Aviation Market Share

Report ID: GMI9652
Published Date: May 2024
Report Format: PDF

Download Free Sample

5G in Aviation Market Share

Major players operating in the 5G in aviation industry are:

Honeywell International, Inc.
Huawei Technologies Co., Ltd
Ericsson
Nokia
Cisco Systems, Inc.
Panasonic Avionics Corporation
GOGO LLC.

Honeywell and Huawei Technologies Co., Ltd. Ltd hold a significant share of over 10% in the market. Honeywell offers a range of avionics systems and connectivity solutions for aircraft, including satellite communication systems, onboard Wi-Fi, and cabin connectivity solutions. As 5G technology becomes increasingly relevant in aviation, Honeywell may be developing and integrating 5G-enabled connectivity solutions to enhance in-flight connectivity, passenger experience, and operational efficiency.

Huawei Technologies Co., Ltd. is a global leader in telecommunications equipment, consumer electronics, and technology solutions. While Huawei has faced challenges in some markets related to geopolitical tensions, it remains a significant player in the telecommunications industry, including the development and deployment of 5G technology.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The 5G in aviation market was valued at over USD 844.9 million in 2023 and is estimated to register over 45% CAGR between 2024 and 2032, as it offers the potential for more precise navigation, communication, and surveillance capabilities in aviation.

The services component segment of the market held over 40% share in 2023 and will expand rapidly through 2032, as they enable the deployment, integration, and maintenance of technology solutions.

North America 5G in aviation market held over 30% revenue share in 2023 and will expand rapidly through 2032, driven by regulatory initiatives and spectrum allocation efforts.

Honeywell International, Inc, Huawei Technologies Co., Ltd, Ericsson, Nokia, Cisco Systems, Inc, Panasonic Avionics Corporation, and GOGO LLC. among others.