What Fueled 5G Fixed Wireless Access Market?
The 5g fixed wireless access market has seen considerable growth due to a variety of factors.
• The market size for 5G fixed wireless access has seen a monumental growth in the recent past. The prediction for its expansion is from $10.66 billion in 2024 to an estimated $19.85 billion in 2025, marking a compound annual growth rate (CAGR) of 86.3%.
Factors contributing to this substantial progress in the historic period include the burgeoning adoption of 5G networks, a rising number of internet users, advancements in wireless technology, and robust economic advancement in budding markets.
What Is The Expected Growth In The 5G Fixed Wireless Access Market Size?
The 5g fixed wireless access market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for 5G fixed wireless access is predicted to undergo significant expansion in the coming years, surging to a value of $45.96 billion by 2029 with a compound annual growth rate (CAGR) of 23.4%.
This projected growth within the forecast period can be linked to factors such as the rise in smart homes, government initiatives, expansion in the number of IoT devices, an increase in mobile device availability, and a higher rate of internet penetration. Key trends anticipated within this forecast period encompass novel product innovations, the adoption of software-as-a-service systems, the emergence of new technologies, the evolution of 5G radio technology, as well as strategic partnerships and collaborations.
What Main Forces Are Fueling Expansion In The 5G Fixed Wireless Access Market?
The surge in usage of 5G networks is projected to drive the expansion of the 5G fixed wireless access market in the future years. As the latest generation in mobile data tech, 5G is engineered to significantly enhance the speed and flexibility of wireless networks. The implications of 5G technology are such that mobile technology can satisfy the requirements of fixed-line networks within similar price brackets. Predictions by UK telecom firm, Future Networks, suggest that there will be approximately 1.2 billion 5G connections by the close of 2025. Also, data from vXchnge, an American firm specializing in data centers and colocation services, indicates that by 2024, 5G networks will span 40% of the globe and manage a quarter of all mobile traffic data. Therefore, this surge in 5G network adoption propels the 5G fixed wireless access market's growth.
What Are The Primary Segments In The Global 5G Fixed Wireless Access Market?
The 5G fixed wireless access market covered in this report is segmented –
1) By Offering: Hardware, Services
2) By Demography: Urban, Semi-Urban, Rural
3) By End-User: Residential, Commercial, Industrial, Government
Subsegments:
1) By Hardware: 5G Routers, Antennas and Modems, Network Interface Cards (NICs), CPE (Customer Premises Equipment) Devices
2) By Services: Installation Services, Network Management Services, Maintenance and Support Services, Consulting and Planning Services
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Which Key Trends Are Driving Changes In The 5G Fixed Wireless Access Market?
Businesses operating in the 5G fixed wireless access sector are prioritizing innovations in their product offerings and the creation of new solutions in an effort to augment their market position. As an example, in February 2022, Qualcomm Technologies, Inc., a multinational corporation from the U.S. that focuses on designing and manufacturing digital wireless telecommunication products and services, introduced the Qualcomm 5G Fixed Wireless Access Platform Gen 2. This new product offers added sophisticated features and functionalities. Planned enhancements include the introduction of the all-new Qualcomm 5G RF Sensing Suite and provision for standalone 5G mmWave communication. The introduction of these two vital functions will drive the adoption and deployment of FWA, emphasising Qualcomm Technologies’ persistent leadership in the comprehensive implementation of 5G mmWave within the industry.
Who Are the Key Players in the 5G Fixed Wireless Access Market?
Major companies operating in the 5G fixed wireless access market include:
• Telefonaktiebolaget LM Ericsson
• Nokia Corporation
• Qualcomm Technologies
• Samsung Electronics
• Intel Corporation
• Cisco Systems. Inc
• Huawei Technologies
• Siklu Communication Ltd.
• Mimosa Networks Inc
• Cablefree
• Singtel Optus Pty. Ltd
• Bharti Airtel
• Rakuten Mobile
• Zte Corporation
• Deutsche Telekom Ag
• Swisscom Ag
• Telefónica,Sa
• Orange Sa
• Vodafone Uk
• Veon Ltd
• Hrvatski Telekom (T-Hrvatski Telekom)
• Megafon
• Inseego
• Verizon Communications Inc
• Commscope
• Cohere Technologies Inc
• United States Cellular Corporation
• C Spire
• Telefonica Brasil
• Telecom Argentina
• T-Mobile
• América Móvil
• Ooredoo Group
• Etisalat Uae
• 21st Century Technologies Ltd
• Dreamlabs Nigeria Ltd
• Excelsimo Networks Ltd
• Galaxy Backbone Plc
• Ipnx Nigeria Ltd
• Liquid Intelligent Technologies
• Mainone
• Medallion Communications Inc
• Mtn Group
• Rack Centre Ltd.
What Is The Most Dominant Region In The 5G Fixed Wireless Access Market?
North America was the largest region in the 5G fixed wireless access market in 2024. Europe was the second largest market in the 5G fixed wireless access market. The regions covered in the 5g fixed wireless access market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
