Global 5G FWA Market
Global 5G Fixed Wireless Access (FWA) Market Size Zooming More Than 10X to Touch USD 80 Billion by 2029
Published | 02 March 2023
Global 5G fixed wireless access (FWA) market is flourishing because of rising adoption of advanced technologies and surging demand for high-speed internet connectivity.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global 5G fixed wireless access market size at USD 7.82 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global 5G fixed wireless access market size to grow at a robust CAGR of 39.48% reaching a value of USD 79.89 billion by 2029. Major growth factors of global 5G fixed wireless access market include increasing need for high-speed internet access, as well as the growing adoption of advanced technologies, such as Internet of Things (IoT) millimeter-wave in 5G fixed wireless access. Fixed wireless access is a well-known wireless mobile network technology that provides internet access to a wide range of users without the use of fixed lines. FWA that uses 5G technology is referred to as 5G FWA. 5G FWA is gaining popularity around the world because to the myriad facilitated benefits. Stable connectivity, unlimited data consumption, and the ability to connect any electronic device, including PCs, are some of the primary benefits driving the global 5G fixed wireless access (FWA) market during period in analysis. However, environmental impact of millimeter-wave circuitries may limit the growth of overall market.
Global 5G Fixed Wireless Access Market – Overview
Fixed Wireless Access (FWA) is a way of connecting a subscriber to an electronic communications network that uses a wireless connection rather than traditional copper cables. With the launch of 5G, network operators will be able to provide high-speed internet connectivity to suburban and rural areas, serving residential and business applications where fiber is prohibitively expensive to build and maintain. Previous FWA projects failed owing of the private nature of the technology they used in the absence of adequate industry standards. Because poor countries can now use the internet, 5G FWA services will be revolutionary. FWA fixed wireless internet offers extremely high data caps or none at all. These high-frequency narrow beams also allow for a larger data interchange density.
Impact of COVID-19 on Global 5G Fixed Wireless Access Market
COVID-19 had a detrimental impact on 5G fixed wireless access market. The pandemic slowed the market growth due to disruptions in supply chains, delayed product introductions, and lower capital expenditures. Furthermore, several countries prioritized funding for COVID-19-related program over 5G infrastructure development, slowing the growth of the 5G FWA market. On the other hand, the pandemic has boosted demand for high-speed internet connectivity as more individuals began working and studying from home, increasing demand for 5G FWA. It has given service providers the option to offer 5G Fixed Wireless Access solutions in order to address the growing demand for high-speed internet connectivity. Although the pandemic had a detrimental influence on the 5G FWA industry, the market's long-term prognosis remains optimistic as 5G technology gains traction and becomes more broadly utilized.
Global 5G Fixed Wireless Access Market – By Phase
By phase, global 5G fixed wireless access market is bifurcated into Hardware and Services segments. The hardware segment is expected to dominate the market during the forecast period. The 5G FWA market includes a variety of hardware components such as 5G routers, modems, and antennas. These hardware components are crucial for offering high-speed internet services to homes and businesses via 5G networks. 5G routers serve as the primary interface between the 5G network and the end user, and they are essential for delivering a fast and consistent internet connection. Modems modulate and demodulate signals, converting data into a format suitable for transmission over a 5G network. Overall, the hardware components in the 5G FWA market are crucial to offering high-speed and dependable internet services to homes and businesses, and they will play a significant role in driving the industry's growth.
Major players operating in global 5G fixed wireless access (FWA) market include Qualcomm Technologies, Nokia Corporation, Samsung Electronics, Huawei, Ericsson, Mimosa Networks Inc., Cohere Technologies Inc., Siklu Communication Ltd., AT&T Inc., and Verlzon Communications Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global 5G Fixed Wireless Access Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global 5G Fixed Wireless Access Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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- 5G Fixed Wireless Access Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Offering (Hardware, Services); By Demography (Urban, Semi-urban, Rural); By Operating Frequency (Sub 6GHz, 24–29 GHz, above 39 GHz); By Application (Residential, Commercial, Industrial, Government); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Publish Date: March 2023
Rising demand for high-speed internet connectivity and increasing adoption of advanced technologies are projected to propel the expansion of global 5g fixed wireless access market during the forecast period between 2023 and 2029.
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