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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
5G Fixed Wireless Access Market Size
The global 5G fixed wireless access market size 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.
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
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 29.71 billion.
The market is projected to grow at a CAGR of 39.5% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 594.56 billion by 2032.
The growth of the market is being aided by the rising demand for high-speed internet connectivity and the rapid implementation of 5G networks around the world.
The market is being driven by the increasing demand for private networks from enterprises and the expanding connectivity between devices for smart homes.
The regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different operational frequencies are sub-6 GHz, 26 GHz-39 GHz, and above 39 GHz.
The key players in the market include 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., and Cohere Technologies Inc, among others.
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