The global 5G Fixed Wireless Access (FWA) market size is expected to reach USD 88.5 billion by 2027 according to a new study by Polaris Market Research. The report “5G Fixed Wireless Access (FWA) Market Share, Size, Trends, Industry Analysis Report, by Offering (Hardware, Services); By Demography (Urban, Semi-Urban, Rural); By Application (Residential, Commercial, Industrial, Government) and Region; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
5G Fixed Wireless Access (FWA) enables the network providers/operators to offer extremely high speed broadband connection to even the rural and suburban areas, providing support to the businesses and home applications where the optic fiber proves to be highly expensive to install and maintain.
Delivering of fixed broadband to get high-speed data services and key technologies such as the WiMAX for superior data speed have seemed to fail because they required highly expensive overlay infrastructure and proprietary equipment. Contrastingly, 5G Fixed Wireless Access (FWA) deploys only general mobile components and standard 3GPP architectures to offer high-speed data connection services both to the enterprise and home customers.
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Some of the major drivers of the market include, rising demand for high-speed internet connectivity and wide network coverage with minimal power consumption and latency along with the growing adoption of advanced technologies including, Internet of Things (IoT)/ Machine-To-Machine (M2M). In addition, increasing deployment of millimetre-wave technology in 5G FWA also contributes to the market growth. According to the Economic Times, January 2018 publication the rising demand for data is expected to fuel nearly 44% growth in the total number of wireline broadband subscribers across India over the forthcoming four years. This is expected to further boost the competition in the market.
As per Nokia, June 2020 study, the 5G Fixed Wireless Access (FWA) is the highly demanded 5G use case that is proved among the customers worldwide. This study was being conducted by the Park Associates and it surveyed approximately 3,000 people across the countries such as the United States, United Kingdom and South Korea. The result of the study illustrated that there’s substantial opportunity for the mobile operators to compete with the broadband service providers through their offering of 5G Fixed Wireless Access (FWA) to businesses and homes.
Market participants such as Arqiva, AT&T Inc., Cellular South, Inc. (Cspire), Cisco, Cohere Technologies, Inc., Ericsson, Hrvatski Telekom, Huawei, Mimosa Networks, Inc., Mobile Telephone Networks(MTN), Nokia, Orange S.A., Qualcomm Technologies, Samsung Electronics, Siklu Communication, Swisscom, Telefónica S.A., Telus Corporation, United States Cellular Corporation, and Verizon Communications Inc. are some of the key players operating in the global market.
Players in the market have adopted strategies such as product launch to strengthen their position in the 5G Fixed Wireless Access (FWA) market. For instance, in April 2018, Siklu Inc. unveiled SmartHaul Wireless Network Design Engine (WiNDE) which automates complex mmWave network designs and accelerates time to deployment. WiNDE is part of a SmartHaul SaaS Application suite, including Range Estimator tool and a Financial Analysis Calculators.
In addition, in March 2018, Mimosa Networks introduced the B24 wire-less backhaul services with the un-licensed 24 GHz band. The B24 can deliver speeds of up-to 1.5 Gbps IP through-put, and leverages the company’s proprietary “Spectrum Reuse Sync” (SRS) based technology.
Polaris Market Research has segmented the 5G Fixed Wireless Access (FWA) market report on the basis of offering, demography, application, and region
5G Fixed Wireless Access (FWA) Offering Outlook (Revenue - USD Million, 2019 – 2027)
5G Fixed Wireless Access (FWA) Demography Outlook (Revenue - USD Million, 2019 – 2027)
5G Fixed Wireless Access (FWA) Application Outlook (Revenue - USD Million, 2019 – 2027)
5G Fixed Wireless Access (FWA) Regional Outlook (Revenue - USD Million, 2019 – 2027)