Global 5G Fixed Wireless Access Market Growth Analysis - Forecast Trends and Outlook (2024-2032)

Global 5G Fixed Wireless Access Market Size

The global 5G fixed wireless access market reached approximately USD 29.71 billion in 2023. The market is projected to grow at a CAGR of 39.5% between 2024 and 2032, reaching a value of around USD 594.56 billion by 2032.

Key Trends in the Market

Fixed wireless access or FWA is a broadband technology that allows network operators to deliver high-speed broadband to connect homes and businesses in sub-urban and rural areas. Unlike mobile wireless networks, which are designed for devices in motion, FWA is tailored for delivering reliable and consistent broadband connectivity to specific locations.

• The rapid expansion of the 5G network is expected to be the major factor propelling the global 5G fixed wireless access market growth. 5G has enabled service providers to provide wireless connectivity at gigabyte speeds as an alternative to wired broadband services.

• Increasing demand for private networks from enterprises to ensure data security and reliable connectivity has supported the 5G fixed wireless access market demand. The demand for the technology is especially strong in sectors such as manufacturing, logistics, and energy. Furthermore, the combination of 5G Fixed Wireless Access (FWA) with edge computing is anticipated to bring transformative changes in sectors such as healthcare, manufacturing, and transportation.

• One of the major 5G fixed wireless access market trends is the expansion of the Internet of things (IoT) and the increasing popularity of smart home gadgets. Through the utilisation of 5G Fixed Wireless Access (FWA), devices can be seamlessly linked to the internet, enabling real-time communication among them without the necessity of wired connections. This facilitates the establishment of a highly interconnected and streamlined home environment.

Market Analysis

Based on the offering, the market is segmented into hardware and services. The 5G fixed wireless access market segmentation, on the basis of operational frequency, includes sub-6 GHz, 26 GHz-39 GHz, and above 39 GHz. The market bifurcation, based on demography, includes urban and rural.

The market division, on the basis of application, includes residential, commercial, industrial, and government. The major regional markets for 5G fixed wireless access are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global 5G fixed wireless access market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• Samsung Electronics Co., Ltd. 

• Huawei Technologies Co., Ltd.

• Telefonaktiebolaget LM Ericsson 

• Nokia Corporation

• Inseego Corp. 

• Qualcomm Technologies, Inc. 

• Verizon Communications Inc. 

• Siklu Communications, Ltd. 

• CommScope, Inc. 

• Cohere Technologies Inc

• Others

Market Share by Offering

Services are expected to account for a significant portion of the 5G fixed wireless access market share in the coming years. The segments is likely to go through significant growth due to data-intensive and IoT applications becoming more prevalent. Both businesses and individuals are expressing a stronger need for faster and more dependable connectivity. The impressive combination of low latency and ample bandwidth offered by 5G Fixed Wireless Access (FWA) networks positions them as an excellent solution to fulfil these requirements. As a result, service providers are swiftly broadening their range of services to keep pace with this escalating demand.

Market Share by Demography

According to the 5G fixed wireless access market analysis, the establishment 5G FWA in urban areas is likely to surge during the forecast period. The growth of 5G FWA solutions in cities is fuelled by several factors such as higher demand for fast broadband, smart city projects, more connected devices, and advancements in 5G technology.

In upcoming years, the number of connected devices is expected to witness a significant rise, especially in cities. In this context, 5G FWA solutions play a vital role in supporting the connectivity requirements of these devices, which are crucial for applications like IoT and smart home automation.

Competitive Landscape of 5G Fixed Wireless Access Industry

Samsung Electronics Co., Ltd. is a global technology conglomerate renowned for its diverse range of innovative electronic products and services. Headquartered in South Korea, the company has established itself as a leader in various sectors, including consumer electronics, mobile devices, semiconductors, and home appliances. The company has a strong focus on innovation and has consistently pushed the boundaries of technological advancements, introducing cutting-edge products that cater to the evolving needs of modern society.

Huawei Technologies Co., Ltd. is a well-known global technology firm. With its establishment dating back to 1987, the company has emerged as a significant player in the fields of telecommunications and information technology. Its focus lies in offering a diverse range of products and services, spanning from telecommunications devices and smartphones to tablets and networking solutions.

Telefonaktiebolaget LM Ericsson is a major player in the global realm of communications technology and services. Its headquarters are situated in Stockholm, Sweden. The company's journey began back in 1876, and over the years, it has gained deep-rooted knowledge and proficiency within the telecommunications sector. Ericsson is distinguished for its diverse range of offerings, which encompass network infrastructure, groundbreaking 5G technology, software solutions, and an array of services.

Other 5G fixed wireless access market players include Nokia Corporation, Inseego Corp., Qualcomm Technologies, Inc., Verizon Communications Inc., Siklu Communications, Ltd., CommScope, Inc., and Cohere Technologies Inc., among others.

Key Highlights of the Report

5G Fixed Wireless Access Market Report Snapshots

5G Fixed Wireless Access Market Size

5G Fixed Wireless Access Market Analysis

5G Fixed Wireless Access Market Share

5G Fixed Wireless Access Companies