The global 5G fixed wireless access market size is expected to grow from $1.64 billion in 2021 to $3.07 billion in 2022 at a compound annual growth rate (CAGR) of 87.1%. The change in the 5G fixed wireless access market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $3.817 billion in 2026 at a CAGR of 87.1%.
What is the Global 5G Fixed Wireless Access Market?
The 5G fixed wireless access market consist of sales of 5G fixed wireless access hardware and services by entities (organizations, sole traders, and partnerships) that have the potential to provide service bandwidth capacity on the level with fiber optics. Fixed Wireless Access (FWA) enables network providers to provide ultra-high-speed connectivity to suburban and rural areas, serving home and business installations where laying and maintaining fiber is prohibitively costly.
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What drives the Global 5G Fixed Wireless Access Market?
The increasing adoption of 5G networks is expected to fuel the growth of the 5G fixed wireless access market in the coming years. 5G is the fifth generation of mobile data technology designed to significantly improve wireless network speed and flexibility. With the introduction of 5G, mobile technology can meet the demands of fixed-line networks and price ranges. According to Future Networks, a UK-based telecommunications company 5G will account for 1.2 billion connections by the end of 2025. Moreover, according to vXchnge, a US-based company that offers data centers and colocation services, 5G networks will cover 40% of the world and handle 25% of all mobile traffic data by 2024. Therefore, the increasing adoption of 5G networks drives the growth of the 5G fixed wireless access.
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Global 5G Fixed Wireless Access Market Segments
The global 5G fixed wireless access market is segmented:
By Offering: Hardware, Services
By Demography: Urban, Semi-Urban, Rural
By End-User: Residential, Commercial, Industrial, Government
By Geography: The regions covered in the 5G fixed wireless access market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
5G Fixed Wireless Access Global Market Report 2022provides market size and growth forecasts for the global 5G fixed wireless access market, global 5G fixed wireless access market share, 5G fixed wireless access market segments and geographies, 5G fixed wireless access market competitive landscape including leading competitors’ revenues, profiles and market shares. The 5G fixed wireless access market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global 5G Fixed Wireless Access Industry Playersinclude Samsung Electronics, AT&T Inc, Huawei Technologies Co. Ltd, Qualcomm Technologies, Verizon Communications Inc., Nokia Corporation, Siklu Communication Ltd., Mimosa Networks Inc, Ericsson, Cohere Technologies Inc., Arqiva, Cellular South Inc., Hrvatski Telekom, Orange S.A., Telefonica S.A., Telus Corporation, United States Cellular Corporation, Vodafone, Inseego and CableFree. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
