5G Fixed Wireless Access Market Trends, Emerging Technologies, Size...

5G Fixed Wireless Access Market Trends, Emerging Technologies, Size and Market Segments by Forecast to 2030

Posté 2024-03-01 05:50:50

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5G Fixed Wireless Access Market Scope

5G Fixed Wireless Access Market Size was valued at USD 5.65 billion in 2021. The 5G Fixed Wireless Access market industry is projected to grow from USD 13.30 billion in 2022 to USD 170.33 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 37.5% during the forecast period (2022 - 2030).

5G Fixed Wireless Access Market Drivers and Key Barriers

The COVID-19 outbreak and the resultant lockdown impositions have given rise to remote work, education as well as entertainment among people. The situation has boosted the use of the Internet, leading to augmented need for communication networks. More and more people are opting for streaming services, be it Disney+, HBO Now or Netflix, post SARS-CoV-2. The novel coronavirus spread and the ensuing stay at home measures being taken across countries have led to more need for stronger networks, which is proving to be quite favorable for the 5G fixed wireless access market.

The 5G fixed wireless access market also stands to profit from the mounting integration of the latest technologies like IoT/Internet of Things millimeter-wave in the 5G FWA. The accelerated deployment of connected devices like smart devices, laptops and smartphones for residential and commercial applications also backs the global market growth.

Following the COVID-19 impact on the market, leading companies have been focusing on bridging the communication gap between people as well as businesses. They are also trying to leverage the opportunity that has been birthed by the pandemic, which is the rising need for higher bandwidth among people. They are indulging in partnership and agreement strategies to curb any revenue loss and also elevate their market position. For instance, Keysight Technologies Inc. has been selected by Arcadyan to provide its 5G test platforms that can help validate the latter’s consumer premises equipment for FWA. Arcadyan will be using Keysight’s UXM 5G Wireless Test Platform to gain a higher position in the 5G fixed wireless access market

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5G Fixed Wireless Access Market Regional Insight

The geographical distribution of the 5G fixed wireless access industry comprises North America, Asia Pacific/APAC, Europe, and the rest of the world/RoW.

North America and Europe have clinched the leading and second-leading positions in the global market for 5G fixed wireless access technology, respectively.

The North American market is booming, thanks to the presence of a widespread and well-developed IT infrastructure, a large pool of renowned firms and the high availability of technically skilled workforce. MRFR estimates that the US can post the highest growth rate in the following years, because of the extensive residential and commercial applications, including autonomous driving, distance learning, video conferencing, multi-user gaming, telemedicine, augmented reality and live streaming. The 5g FWA applications have become even more extensive in the space of few months of 2020, especially in the region’s healthcare industry, in light of the efforts being given to find a COVID-19 breakthrough.

The European market for 5G fixed wireless access is primarily supported by the rising government spending on the development of the 5G infrastructure. The mounting number of significant business activities, such as product launch, collaboration, acquisition and merger, is also leading the regional market to greater heights. For instance, in May 2020, Stockholm’s first completely green 5G network for commercial applications was launched, as a joint venture of Telia and Ericsson. This 5G network is powered completely by renewable energy. The new 5G network launch aims to boost the user experience and also gain extensive use-cases in industries like health care, entertainment, transport and manufacturing.

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5G Fixed Wireless Access Market Segmental Review

Offering, territory and application are the key segments based on which the MRFR study of the market has been carried out in the report. Offering-wise, the market sections are hardware as well as services. In the year 2018, the services segment clinched the leading position in the 5G fixed wireless access market and MRFR expects the segment to maintain its market position throughout the evaluation timeline.

The territory-based market segments can be semi-urban, rural and urban. It is projected that the semi-urban area can be the top segment, advancing at the fastest rate over the next few years. The key reason cited for the mentioned growth can be the soaring demand for broader spectrum among end-users.

The application areas of 5G FWA include commercial, residential, government and industrial. In the coming years, the commercial segment can acquire the highest progression rate while the residential segment can emerge as the leader in the global market.

Renowned Industry Contenders

Some of the renowned industry contenders listed in the MRFR study are Siklu Communication, Ltd. (Israel), AT&T Inc. (US), Telus Corporation (Canada), Hrvatski Telekom (Croatia), Cisco Systems, Inc. (US), Cohere Technologies, Inc. (US), Huawei Technologies Co., Ltd (China), Samsung Electronics (South Korea), Swisscom (Switzerland), Nokia Corporation (Finland), Telefonaktiebolaget LM Ericsson (Sweden), Mimosa Networks, Inc. (US), Mobile Telephone Networks (MTN) (South Africa), Cellular South, Inc. (C Spire) (US), Arqiva (Hampshire), United States Cellular Corporation (US), Qualcomm Technologies (US), Telefónica (Spain), Orange SA (France), Verizon Communications Inc. (US), to list

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TABLE OF CONTENTS

1 Executive Summary

1.1 Market Attractiveness Analysis

1.2 Global 5G Fixed Wireless Access Market, By Offerings

1.3 Global 5G Fixed Wireless Access Market, By Territory

1.4 Global 5G Fixed Wireless Access Market, By Application

1.5 Global 5G Fixed Wireless Access Market, By Region

2 Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.3 Market Structure