Global 5G Wireless Access (FWA) Market Will Reach USD 42,350 Million by 2026: Facts & Factors
New York, NY, Feb. 05, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “5G Fixed Wireless Access (FWA) Market By Offering (Hardware And Services), By Frequency (60 GHz, 39 GHz, 37 GHz, 28 GHz, And 3.5 GHz), By Demography (Rural, Urban, And Semi-Urban), By End-User (Government, Commercial, Residential, And Industrial), By Application (Broadband Internet, Internet Of Things (IoT), Pay TV, And Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019–2026” .
“According to the research study, the global 5G Fixed Wireless Access (FWA) Market was estimated at USD 510 Million in 2019 and is expected to reach USD 42,350 Million by 2026. The global 5G Fixed Wireless Access (FWA) Market is expected to grow at a compound annual growth rate (CAGR) of 88% from 2019 to 2026”.
With the exponential development of fifth-generation (5G) network technology, the leading telecommunication services providers have marched towards offering wireless broadband data communication services. The companies have come up with fixed wireless access (FWA) technology to access ultra-high-speed internet via fixed wireless webs. The wireless broadband technology, like fiber technology, delivers its network services over a fixed geographical position. However, the fixed wireless access (FWA) technology seems to be economical as it eliminates installation and regular maintenance of extremely costly fibers and cables, which is a necessity in wired broadband technology. FWA technology makes it possible to deliver ultra-high-speed broadband services in rural and semi-urban areas across the globe.
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Key Questions Answered in this Report
1) What was the impact of COVID-19 on the 5G Fixed Wireless Access (FWA) Market?
2) What is the market size, share of the 5G Fixed Wireless Access (FWA) Market?
3) Who are the top market players in the 5G Fixed Wireless Access (FWA) Market?
4) What will be the future market of the 5G Fixed Wireless Access (FWA) Market?
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
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Rising adoption of IoT-like latest technologies & growing demand for high-speed internet connectivity are driving the global FWA market
IoT is a rapidly expanding technology and is currently adopted by numerous sectors such as automotive, consumer electronics, healthcare, IT & telecom, and many others. 5G telecom services play a crucial role in supporting IoT owing to its technological advantages over a 4G network such as reliable connection and ultra-high internet speed.
Top Key Players
Some of the key players driving the global 5G Wireless Access (FWA) market are Qualcomm Technologies, Huawei, United States Cellular Corporation, AT&T Corporation, Nokia Corporation, Siklu Communication, Cellular South, Mimosa Networks, Verizon, Samsung Electronics, and Cohere Technologies.
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The considerably growing global smartphone market due to the increased gaming and entertainment trend is fueling the demand for high-speed internet connectivity. Moreover, the extensive networking infrastructure is required to provide coverage for the constantly growing smartphone count across the globe.
Huge initial cost for infrastructure setup likely to hamper the global fixed wireless access (FWA) market
Huge investment for establishing the infrastructure including advanced equipment and technology is one of the key factors impeding the growth of the fixed wireless access (FWA) Market. Also, disharmonizing 5G frequency bands in certain regions is another issue that is retarding the market growth.
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The growing smartphone gaming trend is demanding high-speed internet services, which in turn flourishes the global 5G fixed wireless access (FWA) market. Moreover, the extensive networking infrastructure is required to provide coverage for the constantly growing smartphone count worldwide.
Automotive, IT & telecom, consumer electronics, and healthcare-like many sectors have adopted IoT for conducting regular activities. 5G telecom services strongly support IoT owing to its technological advantages over a 4G network such as reliable connection and ultra-high internet speed.
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The global 5G fixed wireless access (FWA) market is segmented based on offering, frequency, demography, end-user, application, and region. By offering, the market is bifurcated into hardware and services. By frequency, the global market is categorized into 60 GHz, 39 GHz, 37 GHz, 28 GHz, and 3.5 GHz. Based on demography, the market is segmented into rural, urban, and semi-urban. The global market, on the basis of end-user, is divided into government, commercial, residential, and industrial. Application-wise, the industry is sectored into broadband internet, internet of things (IoT), Pay TV, and others.
North America attains the leading position owing to the extensive adoption of 5G services
The majority of the renowned telecom service providers in the US have established infrastructure and started offering 5G services, which is a key reason behind the dominance of North America in the fixed wireless access (FWA) market throughout the forecast period. Many residents in the US and Canadian states have adopted the new 5G connectivity services, which is also likely to push the global fixed wireless access (FWA) market across the region.
In June 2019, Samsung Electronics signed a memorandum of understanding with SK Telecom and Cisco for 5G smart office businesses. The three tech companies are going to offer a comprehensive set of smart office services. In October 2019, Nokia revealed that it is collaborating with telecommunication services providing company in Baltics and Nordics, Telia Company, to launch its 5G Fixed Wireless Access (FWA) services in Finland.
Browse the full “5G Fixed Wireless Access (FWA) Market By Offering (Hardware And Services), By Frequency (60 GHz, 39 GHz, 37 GHz, 28 GHz, And 3.5 GHz), By Demography (Rural, Urban, And Semi-Urban), By End-User (Government, Commercial, Residential, And Industrial), By Application (Broadband Internet, Internet Of Things (IoT), Pay TV, And Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019–2026″ report at https://www.fnfresearch.com/global-5g-fixed-wireless-access-fwa-market-by
The global 5G wireless access (FWA) market is segmented as:
Global 5G Fixed Wireless Access (FWA) Market: By Offering
Global 5G Fixed Wireless Access (FWA) Market: By Frequency
- 60 GHz
- 39 GHz
- 37 GHz
- 28 GHz
- 3.5 GHz
Global 5G Fixed Wireless Access (FWA) Market: By Demography
Global 5G Fixed Wireless Access (FWA) Market: By End User
Global 5G Fixed Wireless Access (FWA) Market: By Application
- Broadband Internet
- Internet of Things (IoT)
- Pay TV
Key Insights from Primary Research
- Based on our primary research, the global 5G fixed wireless access (FWA) market is projected to grow at a breakneck pace as the market is still emerging and is in the trend globally.
- Via information obtained from our primary research, the valuation of the global 5G fixed wireless access (FWA) market exceeds USD 500 million in 2019.
- Our primary respondents stated that the major revenue share of the global 5G fixed wireless access (FWA) market in 2019 is captured by North America.
- The “commercial” category, according to our experts will be flourishing in the product type segment during the forecast period, as the demand for the category was quite magnificent in 2019.
- The “broadband internet” category under the application segment held considerable market share and thus it is projected to grow splendidly throughout the forecast period.
5G Wireless Ecosystem Market: https://www.fnfresearch.com/5g-wireless-ecosystem-market-by-components-chipsets-small
5G Applications and Services Market: https://www.fnfresearch.com/5g-applications-and-services-market-by-communication-type-95
5G Smart Antenna Market: https://www.fnfresearch.com/5g-smart-antenna-market
5G Transport Networks Market: https://www.fnfresearch.com/5g-transport-networks-market
5G Devices Market: https://www.fnfresearch.com/5g-devices-market
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