Pune, May 04, 2023 (GLOBE NEWSWIRE) -- Market Overview
5G Fixed Wireless Access (FWA) is a cutting-edge technology that uses the 5G network to provide high-speed internet access to homes and businesses. Unlike traditional wired internet connections, FWA relies on wireless connectivity through the use of small transmitters and receivers, eliminating the need for cables and wires. FWA offers a range of benefits, including faster download and upload speeds, lower latency, and improved reliability, making it an ideal solution for areas where traditional wired internet options are limited or unavailable.
“According to SNS Insider, the size of 5G Fixed Wireless Access (FWA) Market was valued at USD 24.66 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 38.7% during the forecast period of 2023-2030, ultimately reaching USD 337.75 billion.”
Market Analysis
The 5G fixed wireless access (FWA) market is experiencing rapid growth due to the rising need for high-speed internet access and the increasing adoption of innovative technologies such as millimeter-wave and Internet of Things (IoT) in the FWA space. With the capabilities of 5G networks, FWA technology is offering high-speed internet services to households and businesses without the need for physical fiber connections, leading to increased convenience and flexibility. Moreover, the trend toward remote work and online learning is further driving the demand for high-speed internet access, making FWA an attractive option for both individuals and businesses. This is projected to fuel additional expansion in the 5G FWA.
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Major Company Profiles Listed in this Report Are:
The major players included in this study are Qualcomm Technologies, Nokia Corporation, Samsung Electronics, Huawei, Ericsson, Mimosa Networks Inc., Cohere Technologies Inc., Siklu Communication Ltd., AT&T Inc., Verizon Communications Inc. & more.
Impact of Recession
While a recession may pose some challenges for the 5G fixed wireless access (FWA) market, the need for high-speed internet connectivity and the cost-saving benefits of FWA technology may help to mitigate the impact of a downturn on the market. As a result, the FWA market is expected to continue its growth trajectory in the long run.
5G Fixed Wireless Access (FWA) Market Report Scope:
| Report Attributes | Details |
| Market Size in 2022 | US$ 24.66 Bn |
| Market Size by 2030 | US$ 337.75 Bn |
| CAGR | CAGR of 38.7% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Key Market Segmentation | • By Offering (Hardware and Services) • By Demography (Urban, Semi-Urban, and Rural) • By Application (Residential, Commercial, Industrial, Government) |
| Key Regional Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Key Regional Developments
The 5G fixed wireless access (FWA) market has been dominated by North America, primarily due to the increasing investments in 5G infrastructure. The deployment of small cells, fiber-optic cables, and other network components in North America has significantly contributed to the growth of the market. The region has been witnessing significant investments in the development of 5G infrastructure, which has fueled the demand for 5G FWA. The North American government has also been supportive of the deployment of 5G technology, which has further boosted the market's growth. Various initiatives and policies aimed at improving network infrastructure have been implemented to facilitate the deployment of 5G technology.
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Key Takeaway from 5G Fixed Wireless Access (FWA) Market Study
- The urban segment is expected to dominate the market in the coming years. This trend can be attributed to the increasing demand for high-speed internet services in urban areas, where traditional wired broadband infrastructure may not be able to keep up with the growing demand.
- The market is poised for significant growth, with the residential segment expected to take the lead. Fixed wireless access refers to the use of wireless communication technologies to provide internet access to fixed locations, such as homes or businesses.
Recent Developments Related to 5G Fixed Wireless Access (FWA) Market
- Ericsson, a leading multinational telecommunications company, has teamed up with local partners to conduct a successful trial of their 5G Fixed Wireless Access (FWA) technology in Indonesia. The trial was conducted to demonstrate the capabilities of 5G FWA as a viable solution for extending broadband connectivity to areas that lack access to traditional fixed-line infrastructure.
- Networking giant Cisco and mobile network operator T-Mobile have launched a 5G Fixed Wireless Access (FWA) solution for businesses, aimed at providing high-speed internet connectivity in areas that lack access to traditional wired infrastructure. The service, which utilizes T-Mobile's 5G network and Cisco's wireless gateway technology, is designed to offer speeds of up to 1 Gbps to businesses in select areas across the United States.
Table of Contents
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. 5G Fixed Wireless Access (FWA) Market Segmentation, by Offering
9. 5G Fixed Wireless Access (FWA) Market Segmentation, by Demography
10. 5G Fixed Wireless Access (FWA) Market Segmentation, by Application
11. Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion
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