Global 5G Fixed Wireless Access Market Overview
The key driver impacting the 5G fixed wireless access market is the increasing demand for high-speed Internet connectivity and comprehensive network coverage with minimized latency and power consumption. This leads to the high deployment of the 5G network across the leading countries. For instance, According to the Congressional Research services, telecommunication providers started installing fifth-generation (5G) networks in the year 2018. This is to meet rapidly rising demands for data from consumer and industrial users.
The 5G technologies are expected to produce $12.3 trillion in sales activity across several industries and likely to have 22 million jobs by 2035. The U.S. is one of the leading players, along with South Korea and Chinaa. Moreover, the increased utilization of millimeter-wave technology in 5G fixed wireless accesses contributes to 5G fixed wireless access market demand in the coming years.
According to Value Market Research, the global 5G Fixed Wireless Access market size was valued at about USD 504 million in 2020 and is estimated to grow at a CAGR of around 136% during the forecast period 2021 to 2027.
The massive adoption of advanced technologies such as the Internet of Things and machine-to-machine will likely augment the need for a 5G fixed wireless access in the forecast period. However, high infrastructure costs and the probability of revenue reduction for telecommunication companies hamper the market in the long run. In addition, the harmful impact of millimeter-wave frequency circuitries on the environment is negatively impacting the market growth. Nevertheless, the industry trends, growing focus on the development of 5G networks, and high demand for cloud-based services might provide massive market opportunities to the market's key players.
The 5G fixed wireless access markets are huge, with many global and local players. The key leaders follow diverse strategies to strengthen their market share globally, such as extending product portfolio, acquisitions, contracts, amalgamation, product upgrades. The key players include Telefonaktiebolaget LM Ericsson, Samsung Electronics, AT&T Inc., Huawei Technologies Co., Ltd, Qualcomm Technologies, Verizon Communications Inc., Nokia Corporation, Siklu Communication, Ltd, Mimosa Networks, Inc., and Cisco Systems, Inc. markets.
Global 5G Fixed Wireless Access Market Share by Region (Representative Graph)
In this research report, the 5G Fixed Wireless Access is segmented by offering, frequency, demography, application, and region.
Analysis by Offering:
By Offering, the report is categorized into Hardware and Services. The services segment dominates the offering segment with a high market share in 2020. Several companies are introducing their services to extend their customer base, particularly for individual or household users globally, which is adding growth to the hardware segment.
Analysis by Frequency:
By frequency, the report is segmented into mmWave and Sub-6 GHz. The Sub-6 GHz segment dominates the frequency segment with over 70% share in 2020. It is due to the sub-6 GHz frequency include a mid-band and a low band of spectrum ranges typically 6GHz and below. Moreover, governments across leading countries, such as the U.S., South Korea, China, and Japan, give free sub-6 GHz frequencies to give 5G services, contributing to the growth of the Sub-6 GHz segment in the forecast period.
Analysis by Demography:
By Demography, the report is segmented into urban, semi-urban, and rural. The semi-urban segment dominates the demography segment with over 73% share in 2020. It is because, in semi-urban areas, the density of the population is sparse. Moreover, areas require significantly high investments to connect subscribers with a network through wireline infrastructures which add to the growth of the semi-urban segment in the forecast period.
Analysis by Application:
By application, the report is divided into residential, commercial, industrial, and government. The industrial segment dominates the application segment with the highest market share in 2020. It is due to the massive demand for private 5G services to offer flawless connectivity to several devices of the industries. Moreover, rapidly growing industrialization, high adoption of Industrial IoT, and the need to have perfect and uninterrupted communication among machines contribute to the high market demand from the industrial sector.
Analysis by Region:
In the regional outlook of the global 5G fixed wireless access market, the North America region dominates with a considerable market share in 2020. It is due to the significant growth in the investment for installing 5G fixed wireless access infrastructures by key service providers, such as Verizon Communications and AT&T Inc., and the high availability of proficient technical expertise Moreover, the existence of advanced IT infrastructure, key market players in the region contributes to the tremendous market growth across North America.Market Segmentation covered in the Report:
Market Segmentation covered in the Report:
By Offering
By Frequency
- Sub–6 GHz
- 26 GHz–39 GHz
- Above 39 GHz
By Demography
By Application
- Residential
- Commercial
- Industrial
- Government
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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