According to a new report published by Fortune Business Insights™, titled “Global 5G in Aviation Market Size, Share & 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 5G in aviation market is projected to reach USD 4.2 billion, surging at a CAGR of 53.46% during the forecast period. The increasing need to replace 4G LTE with 5G technology in aviation is foreseen to be one of the central factors driving the growth of this market. The aviation industry is expanding at breakneck speed and 5G technology is slated to play a crucial role in charting its development. The introduction of 5G in this industry is aimed at establishing a robust connectivity infrastructure that would facilitate seamless communication between aircraft and their ground control systems. The market value stood at USD 0.2 billion in 2019.
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