5G Fixed Wireless Access (FWA) Market

The global 5G Fixed Wireless Access (FWA) market was valued at USD 277 Million in 2020 and is projected to reach USD 150 Billion by 2028, growing at a CAGR of 135%% from 2021 to 2028.

Fixed Wireless Access (FWA) enables network operators to deliver ultra-high-speed broadband to suburban and rural areas, supporting home and business .

The global 5G Fixed Wireless Access (FWA) market was valued at USD 277 Million in 2020 and is projected to reach USD 150 Billion by 2028, growing at a CAGR of 135%% from 2021 to 2028.

The global 5G Fixed Wireless Access (FWA) market is segmented into product, application, regions, and countries. The regional segmentation covers current and forecasts demand on the basis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments are analyzed on the basis of current and future trends. The report covers a complete evaluation of the market based on competition, drivers, restraints, opportunities, trends, and industry-authenticated data. The market is estimated from 2016 to 2020 and forecast from 2021 to 2028. 

Outbreak of COVID-19 led various countries impose strict lockdown measures during the initial stages of the pandemic. Numerous companies from different verticals faced challenges due to remote work environments. As a result, companies from various sectors switched to online/virtual platforms to maintain a steady flow in their daily business activities. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Surged demand for high-speed Internet connectivity and broad network coverage with reduced latency and power consumption created a positive scope for the overall market growth.

Increased adoption of advanced technologies such as machine-to-machine and internet of things thereby elevating the market growth.

High infrastructure costs and the possibility of revenue reduction for telecommunication companies hamper the growth and market trend.

Product  Analysis: Preview

On the basis of Product, the market is segmented into Access Units & CPE, Services, Other,. Services  held the highest share in 2020 and is expected to grow at a significant rate over the forecast period. This is attributed to the rising demand for the Services in developing countries such as China and India. Digitalization in Asia Pacific region has led to a surge in the usage of technology in various business processes over the past few years. Rising adoption of online platforms across various sectors along with analytical solutions, IoT, AI, and Blockchain technology to gain a competitive advantage is also paving the way for the 5G Fixed Wireless Access (FWA) market growth.

Application Analysis: Preview

Based on Application, the market is segmented into Residential Commercial Industrial Government Others. Commercial  held the largest share and is projected to grow at a notable CAGR over the coming years. Rising demand for 5G Fixed Wireless Access (FWA)  in various countries such as the U.S., Germany, China, India, and Japan, among others is likely to support the growth of the market. Numerous companies are focusing on investing heavily in this application to cater the end user requirements effectively.

On the basis of region, the global 5G Fixed Wireless Access (FWA) market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region held a leading share of the global 5G Fixed Wireless Access (FWA) market in 2020. Some of the major countries contributing to the market growth are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. U.S. is considered as the most lucrative country for market players. This is attributed to the presence of major companies operating in the region.

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global 5G Fixed Wireless Access (FWA) market are Cisco, Verizon Communications Inc., Cohere Technologies Inc., AT&T Inc., Nokia Corporation, Samsung Electronics, Ericsson, Mimosa Networks Inc., Siklu Communication Ltd., Qualcomm Technologies, Huawei.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

• Global 5G Fixed Wireless Access (FWA) Market is projected to reach USD 150 Billion by 2028
• North America held the highest share of the 5G Fixed Wireless Access (FWA) market
• Services held the largest share of the product segment in the 5G Fixed Wireless Access (FWA) market
• Commercial held the major share of the application segment in the 5G Fixed Wireless Access (FWA) market