5G Fixed Wireless Access Market Outlook 2031
The global 5G fixed wireless access market size was valued at USD 21.15 Billion in 2022 and is anticipated to reach USD 409.68 Billion by 2031, expanding at a CAGR of 39% during the forecast period, 2023 – 2031.
Fixed wireless access is a process to provide wireless broadband with the help of radio links between two fixed points. In fixed wireless access, an antenna is fixed over the building, this antenna creates a wireless connection with a nearby tower. After the antenna receives signal from the tower it transmits the signal.
The COVID-19 pandemic had negatively impacted most of the sectors in the economy but the telecommunication industry has been on the rise after the onset of the pandemic. The sudden rise in the data traffic in all the regions has attracted significant investments by the key players to provide required data and the roll out of the 5G technology by setting up the infrastructure required for rolling out the technology.
5G Fixed Wireless Access Market Trends, Drivers, Restraints, and Opportunities
- Rapid implementation of recent technologies such as IoT and machine-to-machine connected devices is attributed to spur the market growth during the forecast period.
- Increasing demand for solutions to enhance the existing networks and advancements in telecommunication technology is expected to drive the market during the forecast period.
- High costs incurred due to the use of tiny components can restrain the market growth.
- Increasing demand from various industries due to the automation in sectors is expected to create lucrative opportunities for the market during the forecast period.
Scope of 5G Fixed Wireless Access Market Report
The report on the 5G fixed wireless access market includes an assessment of the market share, segments, size, trends and regional markets. Overview and dynamics are included in the report.
5G Fixed Wireless Access Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016 - 2021
2023 - 2031
Offering (Hardware and Services), Operating Frequency (Sub-6 GHz, 24 GHZ-39 GHz, and Above 39 GHz), Demography (Urban, Semi-urban, and Rural), Applications (Residential, Commercial, Industrial, and Government)
Asia-Pacific, Europe, Africa, Latin America North America, and Middle East & Africa
Market scope, growth facts, restraints, analysis, share, opportunities, competitive analysis and revenue forecast
5G Fixed Wireless Access Market Segment Insights
Offerings Segment Analysis
In terms of offerings, the market can be bifurcated into hardware and services. The hardware segment is anticipated to expand at a steady rate in the coming years due to rising demand for high-quality and advanced hardware systems.
Operating Frequency Segment Analysis
Based on operating frequency, the market can be segmented into sub-6 GHz, 24 GHz-39 GHz, and Above 39 GHz. The sub-6 GHz segment is estimated to contribute a significant revenue share during the forecast period. The major factors for the growth of the market segment includes deployment of 5G networks in sub-6 GHz frequency spectrum.
Most of the key telecommunication operators have invested in the 5G network in the sub-6GHz spectrum as the C-band particularly is ideal for the performance of the throughput coverage that is ideal for the 5G fixed wireless access services. The 5G services use the C-band in the urban, semi urban and rural areas.
Demography Segment Analysis
On the basis of demography, the market can be segregated into urban, semi-urban, and rural. The semi-urban segment is anticipated to hold a significant market share during the forecast period.
The population in the semi-urban areas is scattered, thus requiring significantly high investments for setting up the infrastructure. The scattered setup high power transmission and the advanced antenna technology is expected to reach the rural areas, thereby increasing the demand for base stations and equipment installation.
Applications Segment Analysis
In terms of applications, the market can be categorized as residential, commercial, industrial, and government. The commercial segment is estimated to grow at a rapid pace in the projected timeline owing to increasing adoption of cloud services across the globe. On the other hand, the residential segment to account a considerable market share due to rising trend of working from home.
Based on regions, the market can be divided into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America. Asia Pacific is projected to hold a significant share for the market during the forecast period. The growth of the market is attributed to the presence of major key players of the market in the countries such as India, Japan, South Korea and China.
The 5G networks are expected to play an important role for the adoption of recent technologies such M2M communication and IoT, these technologies are responsible for developing smart cities and to carry out the industrial automation, which require multiple devices simultaneously and have low latency that improves the performance of the complete systems used in the industry.
- Sub-6 GHz
- 24 GHz-39 GHz
- Above 39 GHz
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
- Samsung Electronics
- Huawei Technologies Co. Ltd.
- Mimosa Network Inc.
- Siklu Communication
- Verizon Communications Inc.
The key рlаyers in the 5G fixed wireless access mаrket Nokia, Samsung Electronics, Huawei Technologies Co., Ltd., Ericsson, Mimosa Network, Inc., Siklu Communication, Vodafone, Verizon Communications Inc., Inseego, and CableFree. These players are engaged in agreements, mergers, acquisitions, partnerships, collaborations, and to strengthen their geographical presence.