5G Fixed Wireless Access (FWA) Market Highlights 2020-2029
The 5G Fixed Wireless Access (FWA) Market is estimated to grow at a moderate CAGR during the forecast period, i.e., 2021-2029. The 5G Fixed Wireless Access market is witnessing significant growth globally. This growth is attributed to factors such as increased demand for high-speed internet connections and increasing adoption of advanced technologies such as smart gadgets, Internet of Things (IoT), and millimeter waves in 5G FWA. Furthermore, increasing adoption of connected devices and internet penetration, such as smartphones, laptops, and smart appliances, for commercial and residential applications is also expected to drive the market growth. According to data collected by the International Telecommunication Union, in 2017, the estimated percentage of individuals using the internet was 48.9% globally.
The market is segmented on the basis of hardware and service offering, among which the service segment is expected to capture the largest share by the end of 2021 owing to enhanced network performance capabilities and high-speed network coverage as compared to currently used connectivity networks. Furthermore, the increased implementation of connected devices, such as smartphones, laptops, and smart appliances, in several commercial and residential applications is also driving the market growth.
Based on applications, the market is segmented into residential, commercial, and industrial. The commercial segment is estimated to register the highest CAGR during the forecast period in the global 5G fixed wireless access (FWA) market. The growth of the segment can be attributed to the increasing number of enterprises and businesses across the globe.
Regional Synopsis of 5G Fixed Wireless Access (FWA) Market
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The Asia Pacific region market is expected to grow at the highest CAGR during the forecast period owing to the adoption of advanced technologies, strong presence of market players in the region, increasing adoption of smartphones, and rising internet penetration in the region. Furthermore, in 2021, the North American market is expected to occupy the largest share in terms of revenue, owing to the presence of advanced IT infrastructure, high concentration of market players in the region, and availability of competent technical expertise. Within North America, the United States is estimated to register the highest CAGR owing to the rapid pace of 5G implementation and increasing number of users. 23%, or almost a quarter of total mobile connections, will operate on 5G networks by 2025.
The global 5G fixed wireless access (FWA) market is further categorized based on region as follows:
- North America (US & Canada) Market Size, YoY Growth and Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, YoY Growth and Opportunity Analysis
- Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market Size, YoY Growth & Opportunity Analysis
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific) Market Size, YoY Growth and Opportunity Analysis
- Middle East & Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East & Africa) Market Size, YoY Growth and Opportunity Analysis
Market segmentation
Our in-depth analysis of the global 5G fixed wireless access (FWA) market includes the following segments:
By offering
- Material
- Services
By application
- Commercial
- Residential
- Industrial
Growth drivers
- Increased adoption of advanced technologies such as machine-to-machine and the Internet of Things
- Growing use of millimeter wave technology in 5G fixed wireless access
Challenges
- High infrastructure costs and potential revenue reduction for telecommunications companies
The main dominant companies in the market
- AT&T Inc.
- Company presentation
- Business strategy
- Key Product Offerings
- Financial performance
- Key Performance Indicators
- Risk analysis
- Recent development
- Regional presence
- SWOT Analysis
- Ericsson
- Hrvatski Telekom
- Huawei
- Mimosa Networks Inc.
- Mobile Telephone Networks (MTN)
- Nokia
- Orange SA
- Qualcomm Technologies
- Samsung Electronics
Crédits des auteurs: Abhishek Verma
- Report ID: 3025
- Published Date: Feb 10, 2023
- Report Format: PDF, PPT