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% from 2019 to 2026.
Major
factors driving the growth of the 5G fixed wireless access market are 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. However, delay in making decisions related to the standardization
of spectrum allocation, high infrastructure costs, adverse impact on the
environment are expected to limit the growth of this market.
5G, as a fixed wireless solution, was not in focus until companies such
as Verizon and AT&T started
discussing the possible impact of 5G FWA on mobile phones, smart homes,
connected cars, and smart cities, among various other applications. These
companies also plan to launch 5G FWA solutions for end users much before the
commercial launch of 5G services.
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The services segment is expected to account
for a larger share of nearly 86% of the 5G fixed wireless access market by 2026.
The evolution of 5G is likely to take fixed wireless access 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. Thus, 5G FWA is likely to
enhance network performance capabilities and deliver high-speed network
coverage compared to currently used connectivity networks.
Semi-urban areas are likely to
account for the largest share of the 5G fixed wireless access market during the
forecast period. 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.
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.
Full-fledged 5G implementation in North America is expected to boost on-demand
video services. In the current scenario, the market for such services is
continuously growing. The proliferation of 5G networks in the region is
increasing mainly due to the presence of key market players.
For
instance, Qualcomm Technologies (US), Mimosa Networks, Inc. (US), Cohere
Technologies, Inc. (US), Cellular South, Inc. (C Spire) (US), TELUS
Corporation (Canada), United States Cellular Corporation (US), AT&T Inc.
(US), Verizon Communications Inc. (US), Cisco (US) are among a few major
companies in the 5G market that are actively participating in the development
of 5G FWA solutions.
Rising demand for 5G FWA networks from varied
industries, remarkable progress in telecommunications and networking
technologies, escalating the demand for IoT and cloud-based services,
development of the 5G network, strategic
partnerships with system integrators in emerging economies are some of the major
opportunities companies have in the 5G fixed wireless access market. The 5G
network plays an integral role in meeting various requirements for several
connected devices and numerous sensors that are being
deployed.
The 5G FWA network offers features such as
high-speed data transfer rate, low latency, and consistent connectivity. All
these features are useful across various industrial sectors. In smart cities,
there are dense arrays of wireless sensors that enable various services and
applications, right from environmental services and pollution monitoring to
security surveillance, traffic management, and smart parking, among many
others.
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