5G Fixed Wireless Access Market Size to Cross USD 91,669.61 Million at a CAGR of 83.1% by 2030- Report by Market Research Future (MRFR)
Research Reports
Dec 13, 2022
5G Fixed Wireless Access Market Insights
The 5G Fixed Wireless Access Market is anticipated to grow at a CAGR of 83.1% to reach USD 91,669.61 million globally by 2030. This growth will be fueled by the rising demand for broadband services, which is expected to fuel the market for 5G fixed wireless access and operations in the coming years.
The industry is expected to have high productivity and return on investment because of the continual emergence of cutting-edge technologies like machine-to-machine (M2M) and the Internet of Things (IoT).
Additionally, the 5G Fixed Wireless Access Market is seeing an increase in the adoption of millimetre-wave technology for 5G fixed wireless access services, which indicates a bright future for the market’s expansion globally over the course of the projection period. FWA, or fixed wireless access, is the popular name for 5G. They may be used quickly and to aid with the affordable delivery of an alternative to wired internet thanks to their existence in the lower band of a wireless spectrum. The network providers can supply extremely fast internet speeds in both rural and suburban regions thanks to FWA. With this, it is hoped to serve commercial and residential applications where installing and maintaining fibre optic cable is costly.
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5G Fixed Wireless Access Market Key Players
- Telefonaktiebolaget LM Ericsson from Sweden
- Samsung Electronics from South Korea
- AT&T Inc. from the United States
- Huawei Technologies Co., Ltd from China
- Qualcomm Technologies from the United States
- Verizon Communications Inc. from the United States
- Nokia Corporation from Finland
- Siklu Communication from Israel
- Mimosa Networks, Inc. from the United States
- Cisco Systems, Inc. from the United States.
5G Fixed Wireless Access Market Regional Analysis
During the projected period of 2019–2024, North America is expected to lead the global 5G fixed wireless access market operations. The fact that 5G fixed wireless connectivity is being widely accessed in the regional market throughout the current projection period is the primary factor causing North America to see elaborate expansion and worldwide presence. Along with the existence of the majority of competitors, the North American market is also seeing a rise in the scale of research and development activities being done that pertain to the designs and implementation of 5G networks.
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5G Fixed Wireless Access Market Segmentation
The revenue potential of the sectors operating in important and rapidly expanding locations throughout the world will determine the market share of 5G fixed wireless access. The following criteria have been used to segment the market:
Offering
During the projected period of 2019–2024, the worldwide 5G fixed wireless access market provides hardwire and other services to the prospective audience.
Operating Period
For the period ending in 2024, the 5G Fixed Wireless Access Market trades in sub-6 GHz, 26 GHz-39 GHz, and frequencies below those.
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Demography
Urban, semi-urban, and rural areas are all included in the demography of the worldwide 5G fixed wireless access market.
Application
The residential government and public sector, commercial businesses, and the industrial sector have all been used to segment the market. For the worldwide period that ends in 2024, these application categories make up a large portion of the market’s potential audience.
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