According to
the new market research report "5G
Fixed Wireless Access (FWA) Market by Offering (Hardware: Access Units &
CPE, Services), Demography (Urban, Semi-Urban, Rural), Application (Residential,
Commercial, Industrial, Government), and Region - Global Forecast to 2026",
the 5G fixed wireless access market is expected to grow from USD 369 million in
2019 to USD 46,366 million by 2026, growing at a CAGR of 97.47% from 2019 to
2026.
Key factors
driving the growth of this market include growing demand for high-speed
internet connectivity and broad network coverage with reduced latency and power
consumption, increasing adoption of advanced technologies such as
machine-to-machine (M2M)/Internet of Things (IoT) and millimeter-wave in 5G
FWA.
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Services to account for largest share of 5G fixed wireless access
market by 2026
The
continuous development of broadband and cellular networks has enabled users to
experience faster data transmission rates, with low latency. The increased
demand for data services is primarily driven by the growing use of consumer
electronic devices, and data-intensive applications such as virtual and
augmented reality, 3D, and ultra-HD video. To support the increasing data
traffic, more bandwidth is required. 5G is expected to provide 1,000× more
bandwidth than its predecessor broadband generations—3G and 4G. Therefore, the
growing data traffic would force network operators to provide high-speed
bandwidth to their consumers.
Semi-urban areas to continue to grow at highest CAGR from 2019 to
2026
In general,
it is challenging to upgrade or deploy the foundation infrastructure in urban
and semi-urban areas due to the high cost of projects in civil works and
complexities associated with high-rise buildings. FWA could overcome the
challenge by providing a wireless connection with high throughput and low
latency everywhere, whether replacing aging wireline infrastructure or
establishing a connection with a new network node.
Residential to account for largest share of fixed wireless access
market by 2026
5G fixed
wireless is an ideal alternative mainly for residential customers as users can
get gigabits of speeds at a competitive price, with no installation issues.
There are more than 2 billion families across the world. Observing the current
industry trend, less than half of the families are likely to opt for a fixed
copper or fiber broadband connection by 2023. In many countries, it is not
economically viable to build a fixed broadband infrastructure. Based on ITU
data, the addressable market can be close to 1 billion households, with either
no or poor fixed broadband connectivity. This generates an opportunity for FWA
deployments.
North America is expected to hold largest share of 5G fixed
wireless access market from 2019 to 2026
North
America is expected to hold the largest share of the global 5G fixed wireless
access market wherein the US and Canada are expected to adopt 5G FWA solutions
and services at a high rate. These countries have sustainable and
well-established economies, which empower them to strongly invest in R&D
activities, thereby contributing significantly to the development of new
technologies. The startup culture in North America is growing at a faster pace
compared to other regions. North America is one of the leading markets for 5G
in terms of R&D, network design/deployment, and presence of key players. In
North America, the US is considered to have the most engaged user base, which
is expected to grow with new subscribers.
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Major
players in the 5G fixed wireless access market include Qualcomm Technologies
(US), Nokia Corporation (Finland), Samsung Electronics (South Korea), Huawei
(China), Ericsson (Sweden), Mimosa Networks, Inc. (US), Cohere Technologies,
Inc. (US), Siklu Communication, Ltd. (Israel), AT&T Inc. (US), Verizon
Communications Inc. (US), Cisco (US), Arqiva (Hampshire), Cellular South, Inc.
(C Spire) (US), Orange S.A. (France), United States Cellular Corporation (US),
TELUS Corporation (Canada), Telefónica (Spain), Mobile Telephone Networks (MTN)
(South Africa), Swisscom (Switzerland), and Hrvatski Telekom (Croatia).
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