Global Market Size, Forecast, and Trend Highlights Over 2025-2037
5G Fixed Wireless Access (FWA) Market size was over USD 42.85 billion in 2024 and is anticipated to cross USD 3.24 trillion by 2037, growing at more than 39.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of 5G fixed wireless access is estimated at USD 57.24 billion.
The 5G fixed wireless access market has been witnessing significant growth worldwide. The growth is attributed to factors such as increased demand for high-speed internet connections and the growing adoption of advanced technologies such as the smart gadgets, Internet of Things (IoT) and millimeter-wave in 5G FWA. Furthermore, the rise in the adoption of connected devices and internet penetration, such as smartphones, laptops, smart devices, for commercial and residential applications is also expected to drive market growth.
5G Fixed Wireless Access (FWA) Sector: Growth Drivers and Challenges
Growth Drivers
- Increased adoption of advanced technologies such as machine-to-machine and internet of things
- Surged use of millimeter-wave technology in 5G fixed wireless access
Challenges
- High infrastructure costs and possibility of revenue reduction for telecommunication companies
5G Fixed Wireless Access (FWA) Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
39.50% |
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Base Year Market Size (2024) |
USD 42.85 billion |
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Forecast Year Market Size (2037) |
USD 3.24 trillion |
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Regional Scope |
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5G Fixed Wireless Access (FWA) Segmentation
The market is segmented based on offering into hardware and services, out of which, the services segment is anticipated to grab the largest share by the end of 2021 on account enhanced network performance capabilities and deliver high-speed network coverage compared to currently used connectivity networks. Also, higher implementation of connected devices, such as smartphones, laptops, smart devices, in several commercial and residential applications is also boosting the growth of the market.
Based on application, 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 growing number of business and companies all around the globe.
Our in-depth analysis of the global market includes the following segments
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By Offering |
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By Application |
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Customize this Report5G Fixed Wireless Access (FWA) Industry - Regional Synopsis
APAC Market Statistics
Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. Asia Pacific industry is estimated to account for largest revenue share by 2037, owing to adoption of advanced technologies, increasing adoption of smartphones, and increasing internet penetration in the region.
North America Market Analysis
Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the presence of advanced IT infrastructure, a high concentration of market players in the region, and availability of proficient technical expertise. In North America, the US is estimated to register the highest CAGR owing to the rapid pace of 5G implementation and the increasing user-base. 23%, which is almost a quarter of total mobile connections will be running on 5G networks by 2025.
Companies Dominating the 5G Fixed Wireless Access (FWA) Landscape
- AT&T Inc.
- Company Overview
- 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 S.A.
- Qualcomm Technologies
- Samsung Electronics
In the News
Author Credits: Abhishek Verma
- Report ID: 3025
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
