In fiscal year 2022, the value of the worldwide 5G fixed wireless access market is predicted to increase to US$ 3.3 Billion from US$ 1.5 Billion in fiscal year 2021. The market is anticipated to increase at a 43.6% CAGR from 2022 to 2032, reaching a value of US$ 123.04 Billion by the end of that year. Telecom companies can deliver ultra-high-speed broadband via fixed wireless access in regions without fibre or permanent internet connections (FWA). Network operators may provide ultra-high-speed internet access via 5G Fixed Wireless Access (FWA), which uses standardized 3GPP designs and common mobile components.
Previous FWA initiatives failed as a result of the wrong industrial rules that were applied inside of them. However, the most current 5G FWA services will benefit those who reside in rural and suburban areas as well as rising nations. 5G FWA services provide higher data exchange volumes. The market is growing as a result of the increased need for broadband coverage and high-speed internet access with minimal latency and power consumption.
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The rising usage of modern technologies such as (IoT and M2M communication are likely to majorly accelerate the market’s expansion. The market for this service is anticipated to expand over the course of the projection period due to the increasing adoption of millimeter-wave technology that enables 5G fixed wireless connectivity.
Key Takeaways from the Market Study
- From 2017-2021, the 5G fixed wireless access market grew at a CAGR of 28.8%.
- The global 5G fixed wireless access market is currently worth more than US$ 1.5 Billion.
- By operating frequency, sub-6 GHz 5G fixed wireless access to accumulate a 51% market share in 2022
- Semi-urban demography category to experience a CAGR of 41.8% through 2032
- S is predicted to grow at a robust speed of 43.3% CAGR from 2022-2032
- China is expected to offer credible growth opportunities, expected to register a CAGR of 42.8%
“Rapid advancements in wireless communication as well as rising 5G usage are anticipated to promote market expansion throughout the forecast period. Technologies like M2M and IoT have seen a growth in acceptance across a number of industries as a result of their increasing relevance, which would likely help the market throughout the projection period,” comments a Fact.MR analyst.
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Players in the global 5G Fixed-Wireless Access market are taking a number of actions to strengthen their position in the industry. Players work hard to offer services that stand apart. It is anticipated that these measures will make the global market for 5G Fixed Wireless Access more competitive. Recent modifications in the region include:
- In 2022, Nokia stated that it will expand the variety of industrial user equipment accessible in North America to enable private wireless internet connectivity. Because of the new Nokia 5G Industrial fields router, dongle, radio access spectrum capabilities, and Nokia Connectivity Operations Dashboard, academic systems, businesses, cities, and other organizations will have more options for the deployment and management of secure, dependable private 4G/LTE and 5G wireless.
- In 2022, Samsung Electronics stated that it has been chosen to provide a range of 5G technologies to five Korean government bodies and business groups. This initiative is part of the government’s endeavor to build the nation’s private 5G ecosystem by allowing non-telecom carriers to build and operate 5G networks using the 4.7GHz and 28GHz bandwidths authorized in Korea for private 5G mobile communications.
Key Segments Profiled in the 5G Fixed Wireless Access Industry
By Offering :
By Operating Frequency :
- SUB-6 GHz 5G
- 24 GHz-39 GHz 5G
- Above 39 GHz 5G
By Demography :
- 5G FWA in Urban Demography
- 5G FWA in Semi-Urban Demography
- 5G FWA in Rural Demography
By Application :
By Region :
- North America
- Latin America
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