5G Fixed Wireless Access Market Size was valued at USD 13.3 billion in 2023. The 5G Fixed Wireless Access market industry is projected to grow from USD 19.15 billion in 2024 to USD 182.27 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 32.54% during the forecast period (2024 - 2032). The increase in demand for high-speed internet connectivity and the growing adoption of advanced technologies such as the Internet of Things (IoT) millimeter-wave in 5G FWA are driving the growth of the market.Â
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
 The COVID-19 pandemic has had a significant impact on the 5G Fixed Wireless Access (FWA) market. The pandemic has caused a slowdown in the growth of the market due to disruptions in supply chains, delayed product launches, and reduced capital expenditures. Additionally, many countries have prioritized funding for COVID-19 related initiatives over 5G infrastructure development, which has impacted the growth of the 5G Fixed Wireless Access market. However, the pandemic has also accelerated the demand for high-speed internet connectivity as more people started working and studying from home, which has increased the demand for 5G Fixed Wireless Access. This has provided an opportunity for service providers to offer 5G Fixed Wireless Access solutions to meet the growing demand for high-speed internet connectivity. Overall, while the COVID-19 pandemic has had a negative impact on the 5G Fixed Wireless Access market, the long-term outlook for the market remains positive as 5G technology continues to gain traction and becomes more widely adopted.
The increase in demand for high-speed internet connectivity is a major driver in the 5G Fixed Wireless Access (FWA) market. The COVID-19 pandemic has accelerated this trend, as more people started working and studying from home and needed reliable and high-speed internet connectivity. The trend towards remote work and online learning has created a significant opportunity for service providers to offer 5G FWA solutions, as they provide a cost-effective and high-speed alternative to traditional wired broadband solutions. 5G FWA technology leverages the capabilities of 5G networks to deliver high-speed broadband services to homes and businesses, without the need for physical fiber connections. The demand for high-speed internet connectivity is expected to continue to increase as the trend towards remote work and online learning becomes more widespread. This will likely drive further growth in the 5G FWA market, as service providers continue to seek out cost-effective solutions to meet the growing demand for high-speed internet connectivity.
The 5G Fixed Wireless Access market segmentation, based on Offerings, includes Hardware and Services. The 5G Fixed Wireless Access (FWA) market includes various hardware components, including 5G routers, modems, and antennas, among others. These hardware components are critical to delivering high-speed internet services over 5G networks to homes and businesses. 5G routers are the main gateway between the 5G network and the end user, and they play a crucial role in providing a high-speed and stable internet connection. Modems are the devices that modulate and demodulate signals, converting data into a format that can be transmitted over a 5G network. Overall, the hardware components in the 5G FWA market are critical to delivering high-speed and reliable internet services to homes and businesses, and they will play a key role in driving the growth of the 5G FWA market in the forecasted years.
November 2022: In Australia, NBN partnered with Ericsson to boost the FWA infrastructure. By partnering with Ericsson, the company will become the sole provider of microwave and radio access solutions for 4G and 5G networks. A number of Ericsson solutions will be deployed, including the latest Massive MIMO solutions and 4G and 5G antenna-integrated radios across NBN's current and future spectrum bands.
According to Territory segment, the Urban led the overall market in the 5G Fixed Wireless Access industry in 2021, and it is expected to continue to lead during the forecast period. The urban territory is a significant market for 5G Fixed Wireless Access (FWA) as it offers high potential for 5G deployment due to its dense population, high demand for broadband services, and large number of small cell deployments. In urban areas, 5G FWA can provide high-speed internet access to residential and business customers, bypassing the need for traditional wired broadband connections. This technology can also be used to provide enhanced connectivity in public places, such as parks, shopping centers, and transportation hubs. The 5G FWA market in urban areas is expected to grow rapidly as service providers and network operators aim to meet the growing demand for fast and reliable internet access.
The 5G Fixed Wireless Access market research segmentation, by application, the market is segmented into Residential, Commercial, Industrial, and Government. The industrial sector is expected to be a key growth area for the 5G Fixed Wireless Access (FWA) market due to its ability to support the high-bandwidth, low-latency connectivity requirements of industrial Internet of Things (IoT) applications. 5G FWA can provide reliable and high-speed connectivity for industrial automation systems, enabling real-time monitoring and control of manufacturing processes, machinery, and supply chain operations. Additionally, 5G FWA can support critical industrial communications, such as remote maintenance and operation of machinery, reducing downtime and increasing efficiency. The use of 5G FWA in industrial settings can also enhance worker safety by enabling real-time communication and remote monitoring. The 5G FWA market in the industrial sector is expected to grow as more companies adopt 5G technology to improve their operational efficiency and competitiveness. According to the MRFR, the reasons above will continue to fuel the segment's growth throughout the forecast period.
By Region, the study segments the market into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
APAC region includes China, South Korea, and Japan, three of the fastest-growing and leading industrialized economies. As a result of the adoption of recent technologies and advancements across industries, the country is experiencing dynamic changes. As 5G's footprint spreads across the region, adoption of the technology will accelerate in Asia Pacific as a percentage of total connections. In the coming years, several additional countries, including India and Vietnam, will be able to provide 5G services commercially.
North America is a significant market for 5G Fixed Wireless Access (FWA), with the United States being a major contributor. The region is home to several leading service providers and network operators, who are actively investing in 5G network deployment. The US government has also initiated several initiatives and programs to support the deployment of 5G infrastructure, which is expected to drive the growth of the 5G FWA market in the region. In North America, the demand for high-speed internet access is increasing rapidly, particularly in rural areas, where traditional wired broadband services are limited or unavailable. 5G FWA can provide an alternative solution for such areas by offering high-speed, reliable internet connectivity without the need for fiber optic cables. Overall, the North America market for 5G FWA is expected to grow rapidly in the forecasted years, driven by increasing demand for high-speed internet access, advances in 5G technology, and supportive government initiatives.
Further, the countries considered in the scope of the 5G Fixed Wireless Access market are the US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the 5G Fixed Wireless Access market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the 5G Fixed Wireless Access industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
Qualcomm Technologies is a leading player in the 5G Fixed Wireless Access market, offering a range of solutions and products to support the deployment of 5G Fixed Wireless Access networks. The company's strategy for the market includes key elements such as Investment in R&D, Partnership with service providers, Expansion into new markets, etc. Qualcomm Technologies is offering end-to-end 5G solutions, including chipsets, modems, and software, to support the deployment of 5G Fixed Wireless Access networks and enable the delivery of high-speed internet services to customers. Strong R&D capabilities allow Qualcomm Technologies to attain a competitive advantage over its peers, maintain a technological edge over its competitors, and stay ahead of industry trends.
Telefonaktiebolaget LM Ericsson
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)
Orange S.A., among others
October 2022: Huawei launched the One 5G concept and set of solutions designed to facilitate the evolution of all bands of mobile communications to 5G. In addition to having rapid network coverage, devices, and user scale, Huawei's 5G has enabled consumers to enjoy more immersive and HD digital experiences, accelerating digital transformation across industries. It has improved the way people work and the production efficiency of industries.
Hardware
Services
Urban
Semi-Urban
Rural
Residential
Commercial
Industrial
Government
North America
US
Canada
Mexico
Europe
Germany
France
UK
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East & Africa
South America
Semi-Conductor Industry
Telecom Industry
Healthcare Industry
Technology Investors
Regulatory Industries
Government Bodies
Defense industry
Commercial sector
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)