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5G Fixed Wireless Access Market size is projected to be valued at over USD 25 billion in 2023 and is expected to grow at a CAGR of around 30% from 2023 to 2030. 5G FWA allows network providers to offer high-speed broadband to rural and suburban areas, supporting business & home applications where fiber is expensive to lay and maintain. The FWA does not require a fixed line, cable, or fiber; a “fixed” antenna is installed instead, creating a wireless connection with a nearby wireless tower that can connect to several antennas simultaneously. The growing adoption of millimeter-wave technology for 5G FWA will offer growth opportunities for the market over the forecast timeframe. This technology gives mmWave coverage from a few hundred meters to over 7km, offering cost-effective FWA services for suburban and rural communities.
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The increasing need for high-speed internet connection and the growing adoption of advanced technologies including the IoT and machine-to-machine (M2M) in 5G FWA are driving the market growth. The growing evolution of 5G and the rising adoption of smartphones along with commercial and residential applications, such as video conferencing, distance learning, and remote working, will positively influence 5G fixed wireless access market expansion.
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The shift from traditional networks to 5G FWA will be difficult as traditional fronthaul/backhaul networks are not compatible with the new, advanced fronthaul/backhaul equipment. This leads to compatibility issues that increase infrastructure-related expenses and compel businesses to use cutting-edge technologies. This can limit the growth of the 5G Fixed Wireless Access Market. However, to develop and design new systems depending on client demands, prominent industry players are adopting advanced fronthaul & backhaul solutions.
The high component prices of the millimeter-wave spectrum also challenge market growth. The high accuracy needed for manufacturing small components raises production costs and leads to non-line-of-sight problems. These limitations might drive telecom companies to install more towers and employ modern technology-based equipment.
The COVID-19 pandemic had significant impacts on the 5G fixed wireless access market due to disruptions in supply chains, decreased capital expenditures, and delayed product launches. However, COVID-19 escalated the demand for high-speed internet connections as an increased number of people worked and studied from home, further augmenting the demand for 5G FWA. The shift toward online learning and remote work has created opportunities for network providers to extend 5G FWA solutions as they offer a high-speed & cost-effective alternative to traditional wired broadband solutions. Moreover, many countries are taking initiatives for 5G infrastructure development, providing significant growth opportunities to the 5G FWA market.
Increasing partnerships and collaborations between hardware manufacturers and mobile network operators for 5G infrastructure development and other technological advancements will provide growth opportunities for the 5G fixed wireless access market.
Based on application, the market is segmented into commercial, residential, industrial, and government. The industrial sector is expected to grow significantly for the 5G FWA market as it can satisfy the high-bandwidth, low-latency connectivity needs for Industrial Internet of Things (IIoT) applications. For industrial automation systems, 5G FWA can offer dependable & fast connectivity, allowing real-time monitoring & control of production processes, supply chain activities, and machinery. Moreover, 5G FWA can support important industrial communications, such as remote machinery maintenance and operation, minimizing downtime and boosting productivity. The applications of 5G FWA in the industrial sector can also improve worker safety by facilitating remote monitoring and real-time communication. The 5G fixed wireless access market in the industrial sector is expected to grow as the key players are adopting 5G technology to enhance their operational efficiency and competitiveness.
Based on demography, the urban segment is expected to grow significantly due to its dense population, a significant number of small cellphone deployments, and high demand for broadband services. In urban areas, 5G FWA can offer residential and business customers high-speed internet access without the use of conventional wired broadband connections. This can be used to improve connectivity in public areas such as parks, shopping malls, and transportation centers. Rising demand for dependable & quick internet access, service providers and network operators is anticipated to expand 5G fixed wireless access market rapidly in urban areas.
North America is expected to grow steadily during the forecast period due to increased investments in 5G infrastructure development. Several service providers and network operators in the region are actively funding 5G network deployment. The region's 5G FWA market is anticipated to grow due to several initiatives and programs launched by the U.S. government to support the deployment of 5G infrastructure.
Some prominent players in the 5G fixed wireless access market are Qualcomm Technologies, Inc., Ericsson, Mimosa Networks, Inc., Cohere Technologies, Inc., Verizon Communications Inc., and Cellular South, Inc. Major market players are investing substantially in R&D to expand their product portfolios, further boosting market growth of 5G Fixed Wireless Access. Moreover, market participants are launching new products, signing contracts, acquiring companies, increasing investments, and collaborating with other organizations to expand their global footprint.
The 5G fixed wireless access market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD from 2018 to 2032 for the following segments:
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