The global 5G Fixed Wireless Access Market is estimated to secure US$ 121 Billion by 2032, with a whopping CAGR of 43.6%. The market is projected to hold a market value worth US$ 3.3 Billion in 2022.
The market is expected to garner absolute dollar growth of US$ 117.8 Billion by 2032. Expansion of the market can be attributed to the growing adoption of modern technologies like the Internet of Things (IoT) and machine-to-machine (M2M). Also, increasing application of millimetre-wave technology for 5G fixed wireless access is anticipated to augment the 5G fixed wireless access market size in the forecast period.
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The urban segment accounted for the largest market share over the forecast period.
On the basis of demography, the global 5G fixed wireless access market is segmented into urban, semi-urban, and rural. Among these, the urban segment is dominating the market and is going to continue its dominance over the forecast period. A number of key variables are driving the expansion of 5G FWA solutions in urban areas, including rising demand for ultra-fast internet access, the growing popularity of smart city development, an increasing number of IoT devices, and trends in 5G technology.
The 6 GHz segment accounted for the largest revenue share of more than 45% over the forecast period.
On the basis of operating frequency, the global 5G fixed wireless access market is segmented into sub 6 GHz, 24-39 GHz, and above 39 GHz. Among these, the 6 GHz segment is dominating the market with the largest revenue share of 45% over the forecast period. The ability of the sub-6 GHz operating frequency to provide improved coverage through building and wall structures, as well as better connectivity in both indoor and outdoor settings, is a major factor contributing to the segment’s growth.
The commercial segment accounted for the largest revenue share of more than 37% over the forecast period.
On the basis of application, the global 5G fixed wireless access market is segmented into residential, commercial, industrial, government, and others. Among these, the commercial segment is dominating the market with the largest revenue share of 37% over the forecast period. The increasing IoT technology and the exponentially growing use of video conferencing solutions are the leading factors influencing the segment’s growth. Furthermore, as remote work becomes more common, video conferencing is being used more frequently in professional settings.
Competitive Landscape:
Players in the global 5G Fixed-Wireless Access market are taking various initiatives to strengthen their position in the market. Continuous efforts are taken by players to offer unique services. With such efforts, the global market for 5G Fixed Wireless Access is anticipated to be highly competitive. Some recent developments in the region are:
- In June 2021, Ooredoo and Nokia introduced super-fast and reliable 4G and 5G Fixed Wireless Access throughout Oman.
- In August 2021, Ericsson announced a partnership with Mediacom Communications to extend broadband in rural America through FWA. The Ericsson RAN solutions allow Mediacom to offer FWA high-speed internet services up to nine miles from each tower location. In return, it will enable Mediacom to cost-effectively offer broadband to thousands of underserved homes in businesses in rural communities.
Key Segments Profiled in the 5G Fixed Wireless Access Industry:
· By Offering :
- Hardware
- Services
· By Operating Frequency :
- SUB-6 GHz 5G
- 24 GHz-39 GHz 5G
- Above 39 GHz 5G
· By Demography :
- 5G FWA in Urban Demography
- 5G FWA in Semi-Urban Demography
- 5G FWA in Rural Demography
· By Application :
- Residential
- Commercial
- Industrial
- Government
· By Region :
- North America
- Europe
- APAC
- MEA
- Latin America
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Questionnaire answered in the Market outlook Report of 5G Fixed Wireless Access include:
- What is the key strategy deployed by large players to maximize 5G Fixed Wireless Access growth?
- What are the main challenges faced by players in the 5G Fixed Wireless Access Demand?
- With the advent of technological advancement, how will the 5G Fixed Wireless Access landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the 5G Fixed Wireless Access size?
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