According to the report, global 5G Fixed Wireless Access (FWA) market size is expected to grow from USD 700 million in 2020 to USD USD 23,291.5 Million by 2025, at a CAGR of slightly above 97.4% between 2021 and 2025.
New York, NY, Sept. 09, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “5G Fixed Wireless Access (FWA) Market By Offering (Hardware and Services), By Demography (Urban, Semi-Urban, and Rural), By Application (Internet of Things, Broadband Internet, Pay TV, and Others), and By End-User (Residential, Commercial, Industrial, and Government): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020–2025’’. According to the report, global 5G Fixed Wireless Access (FWA) market size is expected to grow from USD 700 million in 2020 to USD USD 23,291.5 Million by 2025, at a CAGR of slightly above 97.4% between 2021 and 2025.
A well-established wireless mobile network technology that provides internet access to a diversified consumer base without using fixed lines is called fixed wireless access. FWA utilizing 5th-Generation technology is known as 5G fixed wireless access. The growing adoption of 5G fixed wireless access (FWA) is tremendous worldwide due to its various facilitated benefits. Some prominent advantages driving the 5G fixed wireless access (FWA) market are reliable connectivity, the facility of unlimited data usage, and the benefit of connecting every electronic device including computers. However, the notable delay by different governments in taking the decision regarding standardization of spectrum allocation may hamper the 5G fixed wireless access (FWA) market to some extent.
Browse through 71 Tables & 31 Figures spread over 215 Pages and in-depth TOC on “Global 5G Fixed Wireless Access (FWA) Market: Industry Type, Size, Share, Trends and Forecast 2016 – 2022”.
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The 5G fixed wireless access (FWA) market is fragmented on the basis of offering, demography, application, and end-user. The offering segment is classified into hardware (access units and customer premises equipment devices) and services. The services segment is expected to account for a substantial market share in the future, owing to the worldwide up-gradation of cellular communications networks to cope up with the rapidly increasing faster data transmission rate demand. The rising penetration of data incentive applications like ultra-HD video, AR, and virtual reality is also driving the services segment. The demography segment includes urban, semi-urban, and rural. The semi-urban areas are estimated to grow at a significant rate over the forecast time period.
Generally, due to the need for hefty investments and up-gradation of network infrastructure may be a challenging task in semi-urban areas. However, the implementation of FWA is expected to have a positive impact, as it can facilitate high wireless connections with high throughput. Applications of the 5G fixed wireless access (FWA) market are Internet of Things (IoT), pay TV, broadband internet, and others. The end-user segment includes residential, commercial, industrial, and government. The residential segment is projected to account for a prominent market share in the years ahead. 5G FWA is highly preferred by residential consumers worldwide, as it helps in attaining gigabits of speeds at a reasonable cost and has zero installation charges.
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North America accounted for a prominent share in the 5G fixed wireless access (FWA) market and is forecasted to continue its dominance in the upcoming years as well. The prime factor driving this regional market is the strong presence of developed economies like the U.S. and Canada that can afford huge R&D expenditure. Some globally renowned 5G FWA providers headquartered in the U.S. are Verizon Communications, Qualcomm, Cohere Technologies, AT&T, Cellular South, Cisco, and Mimosa Networks. Being a developing economy, the market demand in Mexico is anticipated to grow at a considerable rate in the years ahead.
The 5G fixed wireless access (FWA) market in the Asia Pacific is forecast to witness rapid growth in the future, owing to the rising government policies and regulations in favor of renowned local providers to launch 5th-generation mobile services by the end of 2020. Domestic market players are observed collaborating with the globally leading market providers to benefit from new market opportunities. In the Asia Pacific, China is observed to witness tremendous market demand.
Browse the full “5G Fixed Wireless Access (FWA) Market By Offering (Hardware and Services), By Demography (Urban, Semi-Urban, and Rural), By Application (Internet of Things, Broadband Internet, Pay TV, and Others), and By End-User (Residential, Commercial, Industrial, and Government): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020–2025” Report at https://www.zionmarketresearch.com/report/5g-fixed-wireless-access-market
In Europe, the 5G fixed wireless access (FWA) market is mainly driven by the increasing government investments in the 5G infrastructural development for easy and rapid deployment of 5G network. Germany is projected to account for a notable market share over the forecast time frame. In 2016, the federal government launched its 5G initiative for Germany, which represents a framework for action that is to support the deployment of 5G.
The rising number of internet users in Latin America has simultaneously increased the demand for high-speed internet, which is driving the 5G fixed wireless access (FWA) market. 5G FWA is rapidly gaining attention in Latin America, as it facilitates unbeatable speed along with low latency and power consumption. In 2018, over 438 million internet users were listed in Latin America.
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The increasing number of market-relevant business activities, such as collaboration, product launch, merger, and acquisition, is prominently driving the Middle Eastern and African 5G fixed wireless access (FWA) market. On 9th April 2018, Siklu, Israel-based company, introduced the SmartHaul Wireless Network Design Engine for fast, optimized mmWave network design.
Some leading players of the 5G fixed wireless access (FWA) market are Samsung Electronics, Qualcomm Technologies, Nokia Corporation, Mimosa Networks, Huawei, Cohere Technologies, Ericsson, Arqiva, Cellular South, Orange, United States Cellular Corporation, Siklu Communication, Mobile Telephone Networks, TELUS Corporation, Telefonica, Swisscom, Hrvatski Telekom, and Verizon Communications.
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This report segments the global 5G fixed wireless access (FWA) market into:
5G Fixed Wireless Access (FWA) Market: Offering Analysis
- Customer Premises Equipment Devices
- Access Units
5G Fixed Wireless Access (FWA) Market: Demography Analysis
5G Fixed Wireless Access (FWA) Market: Application Analysis
- Internet of Things (IoT)
- Broadband Internet
- Pay TV
5G Fixed Wireless Access (FWA) Market: End-User Analysis
5G Fixed Wireless Access (FWA) Market: Regional Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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