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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