[168 Pages Report] The 5G fixed wireless access market is
expected to grow from USD 396 million in 2019 to USD 46,366 million by 2026, at
a CAGR of 97.47%.
The 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)
millimeter-wave in 5G FWA are a few major factors driving the growth of the 5G
fixed wireless access market. However, delay in making decisions related to the
standardization of spectrum allocation, high infrastructural costs, and adverse
impact on the environment are expected to limit the growth of this market.
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By offering, services segment is expected to be
largest contributor to 5G fixed wireless access market during forecast period
The evolution of 5G is likely to take fixed wireless access services to
a new level with the use of a wide range of radio spectrum owing to which
consumers can achieve major capacity gains and low-latency connectivity. 5G FWA
is likely to enhance network performance capabilities and deliver high-speed
network coverage compared to currently used connectivity networks. Further,
increasing adoption of connected devices, such as smartphones, laptops, smart
devices, in several commercial and residential applications, such as distance
learning, autonomous driving, multi-user gaming, video conferencing, live
streaming, telemedicine, and augmented reality is expected to generate the
demand for 5G FWA services to achieve extended coverage. Already, in October
2018, Verizon launched 5G FWA services in 4 major cities in the US, namely,
Houston, Indianapolis, Los Angeles, and Sacramento. The company is offering a
3-month free trial period before paying USD 70 per month (or USD 50 per month
for existing Verizon customers) and the promise of no data caps. These
customers will also receive a free Apple TV 4K or Google Chromecast Ultra
device at installation.
5G fixed wireless access market for semi-urban
areas to grow at highest CAGR from 2019 to 2026
The 5G fixed wireless access market will somewhat behave according to
different spectrums used across different areas. For instance, in sub-urban
areas and urban areas, the higher spectrum would be preferred, whereas rural
areas can use lower frequencies for FWA services. Initially for the first few
years, this market will be majorly dominated by the semi-urban areas, post
which we can see a larger impact of FWA in rural areas. With high power
transmission/reception and advanced antenna technologies, this 5G FWA could be
a game changer for semi-urban customers.
5G fixed wireless access market for residential
applications to grow at significant rate from 2019 to 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.
North America to hold major share of 5G fixed wireless access market in 2019
North
America is expected to hold the largest share of the global 5G fixed wireless
access market during the forecast period. In North America, the US is
considered to have the most engaged user base, and a similar trend is expected
to continue with the addition of new subscribers. With full-fledged 5G
implementation in North America, it is expected to boost on-demand video
services. In the current scenario, the market for such services is growing
continuously. Companies such as AT&T (US) and Verizon (US) are driving the
telecom sector, but both these players are looking to diversify their business
from core mobile services and compete more effectively in internet services. In
October 2018, Verizon launched 5G FWA services in 4 cities in the US.
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Key Market Players
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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