ID: MRFR/SEM/6092-HCR | February 2021 | Region: Global | 100 pages
The global 5G fixed wireless access market is expecting a high investment return in the ongoing forecast period of 2020-2030. In the historic forecast period that ended in 2020, the 5G fixed wireless access market was valued at USD 400 million. Expecting reliable growth during the current period, the market is expecting to grow at a whopping CAGR of 83.1% which will help the market to be valued at an extensively huge amount of USD 91,669.61 million. A steady increase in the advent of advanced technologies such as M2M that is machine-to-machine, alongside the concept of Internet of Things (IoT) during the tenure for the market promise high productivity and return on investment.
Also, the market is witnessing a rising use of millimeter-wave technology for the 5G fixed wireless access functions and hence, depicts a promising future for the global growth of the market during the forecast period. 5G fixed wireless access is commonly known as FWA. Their presence in the lower band of a wireless spectrum can be employed for quick use and help with the cheap delivery of an alternative to wired broadband. FWA enables the network operators to deliver a very high broadband speed in both the rural and suburban areas. With this, the aim is to lend support to the business and home applications where fiber is available as expensive to lay and maintain.
COVID 19 Analysis Of 5G Fixed Wireless Access Market
Since the world population has come to terms with the fact of the arrival of the pandemic, there has been a state of emergency all around. The businesses are facing production and manufacturing issues which are pushing them towards the inability to produce as per the market demand and maintain a proper flow of the market forces. This will help the businesses to continue with their operations during the pandemic as well. Also, there is wide unavailability of labor, market inputs, logistics, and raw material to keep up with the 5G fixed wireless access market trends during the forecast period that ends in 2024. The implementation of the 5G fixed wireless access market services will enable the players, industries, and target audience to keep up with the new culture like work-from-home and resolve the disruptions like network and connectivity.
The prominent players of the 5G fixed wireless access market are on the way to largely invest in the research and development programs that will help in large-scale implementation and launch of the market services and products on a large scale. Also, the companies are open for mergers and acquisitions that will increase the competitive degree on the international scale to put the best interest of the target audience at priority and function accordingly during the forecast period.
5G Fixed Wireless Access Market Dynamics
Since the last decade, there have been various kinds of improvements related to network connectivity and other related services. Many SMEs aim to have proper control over their connectivity and also, help in providing multi-carrier support to the target audience, and customers simultaneously put forward their requirements of fast networks that are capable of carrying out transmissions that belong to high-speed data format. 5G network technology is capable of offering sufficient bandwidth for supporting and increasing the data traffic. The global market operations for 10x more capacity alongside the high-speed data services in comparison to the one provided by 3G and 4G networks. Hence, there is an increased demand for broadband services that will help to drive the market growth for 5G fixed wireless access and operations for the upcoming years of the forecast period that is from 2020-2027.
5G infrastructures are expecting to change the existing communication methods. Though 5G infrastructures are still in the developing stage, a huge number of companies and government bodies support both the development and development of this technology during the forecast period that ends in 2027. Increased investment will help in carrying out the research and development activities. The increased investments are necessary to upgrade the existing networks. This involves the replacement of existing components or installing new ones like accessing the networks, routing elements, switches, and gateways. These are resulting in a huge requirement of capital for investment. Small-sized service providers are facing issues that create issues while demanding high investments in the market and operations conducted during the forecast period that ends in 2027. Hence, this is likely to create unwillingness among the telecommunication companies to the investment in new technologies that reduce the revenues for the 5G fixed wireless access market.
The 5G fixed wireless access market growth is a result of the high-speed data and transfer rate that is low and also promises low latency, consistent connectivity amongst the various companies and industries that are a part of the global market operations during the forecast period that ends in 2028. The low latency attached to the use of 5G networks is expected to emerge as a revolutionary step that promises excellent aspects for the global market growth during the forecast period. 5G networks help the masses to avail these telemedicine services and also, services of the emergency care providers. The increased adoption of these networks and solutions across various business segments will present reliable opportunities to the 5G fixed wireless access market during the forecast period of 2019-2024.
5G Fixed Wireless Access Market
Source: MRFR Analysis
5G Fixed Wireless Access Market Segment Overview
The 5G fixed wireless access market share is dependent on the revenue potential that is possessed by the segments that are functional in major and mushrooming regions across the globe. The market has been segments based on the following:
The global 5G fixed wireless access market offers hardwae and other services to the potential audience during the forecast period of 2019-2024.
The market deals in frequencies below 39 GHz, sub-6 GHz, alongside 26 GHz-39GHz for the period that ends in 2024.
The demographics of the global 5G fixed wireless access market include urban, semi-urban, and rural areas.
The market has been divided based on the applications like residential government and public sector, commercial industries, and the industrial sector. The potential audience of the market majorly belongs to these application segments for the global period that ends in 2024.
5G Fixed Wireless Access Market Regional Analysis
The global 5G fixed wireless access market operations are likely to be dominated in the North American region during the forecast period of 2019-2024. The main reason for North America to enjoy an elaborated growth and global presence is that there is wide-scale access of 5G fixed wireless access market in the ongoing forecast period in the regional market. Also, the North American market is witnessing an increased scale of the research and development activities being conducted that relate to the 5G network designs and deployment, along with the presence of a majority of players in this region.
Competitive Landscape of 5G Fixed Wireless Access Market
The prominent players rendering their services to the 5G fixed wireless access market are as follows:
The 5G fixed wireless access market report discusses the scope of the market during the forecast period of 2019-2024. During the period, the market has certain dynamics, and the report covers and reflects them. The report further discusses the functions of the market players in the form of the recent developments undertaken and hence, predicts the expected rate of growth and 5G fixed wireless access market valuation for the period that ends in 2024.
|Market Size||USD 91,669.61 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Offerings, Territory, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Telefonaktiebolaget LM Ericsson (Sweden), Samsung Electronics (South Korea), AT&T Inc. (US), Huawei Technologies Co., Ltd (China), Qualcomm Technologies (US), Verizon Communications Inc. (US), Nokia Corporation (Finland), Siklu Communication, Ltd (Israel), Mimosa Networks, Inc. (US), and Cisco Systems, Inc. (US)|
|Key Market Opportunities||The presence of advanced IT infrastructure, a high concentration of market players, and availability of proficient technical expertise.|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
At 70.75%, the worldwide 5G fixed wireless access market can value at USD 91,669.61 USD mn.
Samsung Electronics (South Korea), Huawei Technologies Co., Ltd (China), AT&T Inc. (US), and Qualcomm Technologies (US) are some prominent companies in the 5G fixed wireless access market.
commercial, residential, government, and industrial are areas of application of 5G fixed wireless access.
The growing demand for wireless connected devices can push the global 5G FWA market.
Key players are focused on building a suitable infrastructure to for a successful run of 5G, which can benefit the market.