Based on our analysis, the global 5G Wireless Access (FWA) market in 2019 is around USD 510 million and is expected to surpass USD 42,350 million by 2026. The anticipated CAGR for the global 5G wireless access (FWA) market is around 88% from 2020 to 2026.
With the exponential development of fifth-generation (5G) network technology, the leading telecommunication services providers have marched towards offering wireless broadband data communication services. The companies have come up with fixed wireless access (FWA) technology to access ultra-high-speed internet via fixed wireless webs. The wireless broadband technology, like fiber technology, delivers its network services over a fixed geographical position. However, the fixed wireless access (FWA) technology seems to be economical as it eliminates installation and regular maintenance of extremely costly fibers and cables, which is a necessity in wired broadband technology. FWA technology makes it possible to deliver ultra-high-speed broadband services in rural and semi-urban areas across the globe.
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Rising adoption of IoT-like latest technologies & growing demand for high-speed internet connectivity are driving the global FWA market
IoT is a rapidly expanding technology and is currently adopted by numerous sectors such as automotive, consumer electronics, healthcare, IT & telecom, and many others. 5G telecom services play a crucial role in supporting IoT owing to its technological advantages over a 4G network such as reliable connection and ultra-high internet speed.
The considerably growing global smartphone market due to the increased gaming and entertainment trend is fueling the demand for high-speed internet connectivity. Moreover, an extensive networking infrastructure is required to provide coverage for the constantly growing smartphone count across the globe.
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Huge initial cost for infrastructure setup likely to hamper the global fixed wireless access (FWA) market
Huge investment for establishing the infrastructure including advanced equipment and technology is one of the key factors impeding the growth of fixed wireless access (FWA) Market. Also, disharmonizing 5G frequency bands in certain regions is another issue that is retarding the market growth.
North America attains the leading position owing to the extensive adoption of 5G services
The majority of the renowned telecom service providers in the US have established infrastructure and started offering 5G services, which is a key reason behind the dominance of North America in fixed wireless access (FWA) market throughout the forecast period. Many residents in the US and Canadian states have adopted the new 5G connectivity services, which is also likely to push the global fixed wireless access (FWA) market across the region.
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Key players in the competitive landscape
Some of the key players driving the global 5G Wireless Access (FWA) market are Qualcomm Technologies, Huawei, United States Cellular Corporation, AT&T Corporation, Nokia Corporation, Siklu Communication, Cellular South, Mimosa Networks, Verizon, Samsung Electronics, and Cohere Technologies.
In June 2019, Samsung Electronics signed a memorandum of understanding with SK Telecom and Cisco for 5G smart office businesses. The three tech companies are going to offer a comprehensive set of smart office services. In October 2019, Nokia revealed that it is collaborating with telecommunication services providing company in Baltics and Nordics, Telia Company, to launch its 5G Fixed Wireless Access (FWA) services in Finland.
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The global 5G wireless access (FWA) market is segmented as:
Global 5G Fixed Wireless Access (FWA) Market: By Offering
- Hardware
- Services
Global 5G Fixed Wireless Access (FWA) Market: By Frequency
- 60 GHz
- 39 GHz
- 37 GHz
- 28 GHz
- 3.5 GHz
Global 5G Fixed Wireless Access (FWA) Market: By Demography
- Rural
- Urban
- Semi-Urban
Global 5G Fixed Wireless Access (FWA) Market: By End User
- Government
- Commercial
- Residential
- Industrial
Global 5G Fixed Wireless Access (FWA) Market: By Application
- Broadband Internet
- Internet of Things (IoT)
- Pay TV
- Others
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