The 5G fixed wireless access market is expected to grow from US$ 425.26 million in 2021 to US$ 90,563.22 million by 2031 at a CAGR of 85.2% between 2022 and 2031.
5G fixed wireless access (FWA) is an enhanced mobile broadband use case of 5G in the hybrid electromagnetic spectrum bands for wireless communication. It can be used to deliver a superior customer experience quickly and economically. Also, it is an efficient and scalable alternative to wired broadband. 5G FWA can provide ultra-high bandwidth, which helps deliver rich content at a significantly high speed. It allows telecom operators to provide broadband internet services in areas where fixed internet lines are absent. The technology relies on mobile components to deliver internet services to customers.
MARKET DYNAMICS
The 5G fixed wireless access market is expected to witness significant growth during the forecast period due to the rising demand for 5G fixed wireless access networks in various industries such as IT, BFSI, and manufacturing. With the high-speed data transfer rates, low latency, and reliable connectivity provided by the network, the demand for 5G FWA in autonomous and connected cars is increasing. In smart cities, 5G network can be used for a wide range of services and applications, from traffic management and smart parking to environmental and pollution monitoring.
In addition, the increasing demand for strong internet connectivity with low power consumption is another major factor driving the 5G fixed wireless access market growth. Also, the growing IT & telecommunication sector investments to ensure connectivity will further fuel the market growth in the coming years. However, the high infrastructure cost hinders the growth of the 5G fixed wireless access market.
MARKET SCOPE
The "Global 5G Fixed Wireless Access Market Forecast to 2031" is report aims to provide an overview of the market with detailed market segmentation based on offering, application, operating frequency, and geography. The report provides key statistics based on the performance of the leading 5G fixed wireless access market players. It also offers key trends and opportunities in the market.
Strategic Insights
MARKET SEGMENTATION
The global 5G fixed wireless access market is segmented on the basis of offering, application, and operating frequency. Based on offering, the market is bifurcated into hardware and services. By application, the market is segmented into residential, commercial, and industrial. Based on operating frequency, the global 5G fixed wireless access market is segmented into sub-6 GHz, 24 GHZ–39 GHz, and above 39 GHz.
REGIONAL FRAMEWORK
The report on the 5G fixed wireless access market provides current market size and estimates between 2021 and 2031 concerning five major regions North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. The report covers an analysis and forecast of 18 countries across the world, along with trends and opportunities prevailing in the region.
From the regional perspective, Asia Pacific dominated the 5G fixed wireless access market in 2021, followed by North America. The regional market's dominance is majorly attributed to the presence of the fastest-growing economies in the region, such as China, Japan, and South Korea. Also, the high adoption of new technologies in these countries fuels the market growth in Asia Pacific.
The report analyzes factors influencing the 5G fixed wireless access market from demand and supply side and further evaluates market dynamics during the forecast period. The report also provides an exhaustive Porter's five forces analysis of the factors affecting the market in these regions.
IMPACT OF COVID-19 PANDEMIC
COVID-19 pandemic slowed down the investments in the 5G network due to telecom operators' delay in the 5G rollout plan. The pandemic severely affected various industries, including retail, manufacturing, and healthcare, as the government of various countries declared the lockdown. Also, the shutdown of various manufacturing facilities due to the labor shortage hindered the 5G fixed wireless access market.
However, since Q2 2021 5G demand in several industries is growing in the retail, manufacturing, and healthcare sectors, particularly private 5G networks for the manufacturing and healthcare sectors, due to the enhanced capabilities of 5G. Owing to this, the 5G industry participants are investing substantial amounts in their products, which is driving the 5G fixed wireless access market.
5G Fixed Wireless Access Market Report Analysis
CAGR (2023 - 2031)
US$ 1.46 Billion
US$ 201.87 Billion
Report Coverage
Key Players
Regional Overview
Market Segmentation
By Offering
By Application
By Operating Frequency
The report covers key developments in the 5G fixed wireless access market. Various companies are focusing on organic growth strategies, such as product launches, product approvals, patents, and events. In addition, acquisitions and partnerships & collaborations are among the inorganic growth strategies witnessed in the market. These activities have paved way for the expansion of business and customer base of market players. The players operating in the 5G fixed wireless access market are anticipated to experience lucrative growth opportunities in the future owing to the rising demand high speed internet facility.
The report also includes the profiles of key 5G fixed wireless access market players along with their SWOT analysis and market strategies. In addition, it focuses on leading players’ information, such as company profiles, components and services offered, financial information of last three years, and key developments in past five years.
- Cohere Technologies, Inc.
- Cisco
- Nokia Corporation
- Huawei Technologies Co., Ltd.
- Qualcomm Technologies, Inc.
- Samsung Electronics Co., Ltd. (Samsung)
- Verizon Communications Inc.
- Mimosa Networks, Inc. (Airspan Networks Inc.)
- Siklu Communication
- Telefonaktiebolaget LM Ericsson
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
5G Fixed Wireless Access Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 1.46 Billion |
| Market Size by 2031 | US$ 201.87 Billion |
| Global CAGR (2023 - 2031) | 85.20% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Offering
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Offering, Application, Operating Frequency, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
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The List of Companies
1. Cohere Technologies, Inc.
2. Cisco
3. Nokia Corporation
4. Huawei Technologies Co., Ltd.
5. Qualcomm Technologies, Inc.
6. Samsung Electronics Co., Ltd. (Samsung)
7. Verizon Communications Inc.
8. Mimosa Networks, Inc. (Airspan Networks Inc.)
9. Siklu Communication
10. Telefonaktiebolaget LM Ericsson
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