5G Fixed Wireless Access Market to Touch USD 170.33 Billion at 37.5% CAGR by 2030
Research Reports
Nov 09, 2023
5G Fixed Wireless Access Market Analysis
The global 5G fixed wireless access market will touch USD 170.33 billion at a 37.5% CAGR by 2030, as per the recent Market Research Future report.
Drivers
Growth of Smart Home Devices to Boost Market Growth
The growth of smart home devices will bolster market growth over the forecast period as it fuels the need for high-speed broadband connectivity. With 5G FWA, gadgets can be directly connected to the internet as well as communicate with one another in real time sans the requirement for any wired connection. It creates a more efficient and connected home environment where the devices are capable of communicating with one another for automating tasks as well as improving the user experience.
Opportunities
Emergence of Edge Computing to offer Robust Opportunities
The emergence of edge computing will offer lucrative opportunities for the 5G fixed wireless access market over the forecast period. Edge computing allows data processing in getting done closer to source that can augment network latency along with reducing the load on networks. It proves immensely beneficial for apps that need real-time data processing like virtual reality and autonomous vehicles.
Restraints and Challenges
Compatibility Issues to act as Market Restraint
Compatibility issues of 5G fixed wireless access, high component price, and adverse effect on the environment may act as market restraints over the forecast period.
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Key Players
Eminent industry players profiled in the 5G fixed wireless access market report include
- Telefonaktiebolaget LM Ericsson,
- Samsung Electronics,
- AT&T Inc.,
- Huawei Technologies Co., Ltd,
- Qualcomm Technologies,
- Verizon Communications Inc.,
- Nokia Corporation,
- Siklu Communication, Ltd,
- Mimosa Networks, Inc.,
- Cisco Systems, Inc.,
- Ericsson,
- Cohere Technologies, Inc.,
- Arqiva,
- Cellular South, Inc. (Cspire), and
- Orange S.A.
Market Segmentation
The global 5G fixed wireless access market is bifurcated based on application, territory, and offerings.
By offerings, hardware will lead the market over the forecast period.
By territory, urban will domineer the market over the forecast period.
By application, industrial will spearhead the market over the forecast period.
COVID-19 Analysis
The COVID-19 epidemic possessed a favorable impact on the 5G FWA market. Due to distance learning and widespread remote work, the need for high-speed broadband connectivity increased significantly. This created opportunities for 5G fixed wireless access solution providers because this technology provides an alternative to the wired broadband which can be easily and quickly deployed. 5G FWA in particular has been utilized to offer connectivity to rural and remote areas along with a backup for organizations that need secure and reliable connectivity.
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Regional Analysis
North America to Command 5G Fixed Wireless Access Market
North America will command the 5G fixed wireless access market over the forecast period with over 28.0% market share chiefly for the increasing investments in the 5G infrastructure. The region is witnessing noteworthy investments in the 5G infrastructure which includes deployment of fiber-optic cables, small cells, and other forms of network components. Further the government in this region is supporting deployment of the 5G technology via various policies and initiatives that aim to improve network infrastructure.
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