Global 5G Fixed Wireless Access Market - 2023-2030

Overview

Global 5G Fixed Wireless Access (FWA) Market reached US$ 21.6 Billion in 2022 and is expected to reach US$ 288.9 Billion by 2030, growing with a CAGR of 38.6% during the forecast period 2023-2030.

In rural and remote areas, 5G fixed wireless access offers an affordable alternative to broadband connectivity. The helps bridge the digital divide and brings high-speed internet access to underserved regions. The flexibility of 5G FWA deployment is a significant driver. It allows network operators to quickly and cost-effectively roll out broadband services without the need for extensive physical infrastructure, such as fiber-optic cables, to individual homes.

On August 18, 2022, MediaTek launched the T830 platform for 5g cpe devices including fixed wireless access routers and mobile hotspots. The T830 is equipped with MediaTek's M80 modem, which enables sophisticated Release 16 features for sub-6GHz band operations, which makes the platform perfect for global 5G networks. To avoid the expenditures associated with wireline technologies like cable or fiber, the T830 enables operators to deliver 5G speeds up to 7Gbps straight out of the box utilizing sub-6GHz cellular infrastructure.

Asia-Pacific is a dominating region in the global 5G fixed wireless access market due to the growing adoption of the 5G. South Korea, China and Japan are early adopters of 5G technology. To optimize the advantages of lower latency, more network capacity and increased internet speeds, they have made large investments in 5G infrastructure, including FWA. The governments of the Asia-Pacific have demonstrated their strong support for the development and deployment of 5G networks bypassing several of legislation and implementing initiatives designed to accelerate 5G adoption. The regulations include spectrum licensing for 5G services, financial incentives and regulatory support. The measures encompass financial incentives, regulatory support and the allocation of spectrum specifically for 5G services.

Dynamics

Growing Demand for High-Speed Internet Connectivity Globally

The rise of bandwidth-intensive applications including virtual reality, online gaming and high-definition video streaming requires faster and more reliable internet connectivity. 5G Fixed Wireless Access (FWA) is well-equipped to fulfill these requirements and enhance the user experience across a variety of applications. Strong and fast internet connections have a high demand as a result of the growing trend of remote work and online education. 5G Fixed Wireless Access (FWA) presents a viable alternative for both residential and commercial users, especially in areas where conventional fixed-line infrastructure faces limitations or is unavailable.

The growing need for connectivity across an extensive variety of devices is driven by the increasing integration of smart devices. Because it supports a large number of connected devices, 5G fixed wireless access becomes the go-to choice for smart home, business and urban installation. Different sectors are in the process of digital transformation, relying on real-time data analytics, cloud services and interconnected technologies. 5G fixed wireless access supports the connectivity needs of industries such as manufacturing, healthcare and logistics, contributing to overall market growth.

Expansion of 5G Coverage Globally

The expansion of 5G coverage extends the availability of high-speed internet services to a broader geographic area. The is particularly important for reaching underserved or rural areas where traditional fixed-line infrastructure is challenging to deploy. In urban and densely populated areas, the expansion of 5G coverage provides improved network capacity and performance. The is essential for meeting the high connectivity demands of urban populations, supporting applications such as video streaming, gaming and smart city initiatives.

5G FWA serves as an effective solution for providing last-mile connectivity, especially in locations where laying fiber-optic cables or traditional fixed-line solutions are impractical or cost-prohibitive. The capability addresses connectivity gaps and enables faster deployment. The expansion of 5G coverage allows for the scalability of services. As the service area expands and they adapt to shifting user needs, network operators scale their infrastructure to support more users. According to data provided by Ericsson in 2023, it is projected that 5G mid-band population coverage will have reached approximately 40% of the global population by the end of the year; outside of China, it is currently forecast to reach approximately 30%.The major drivers for the expansion outside of China are the extensive mid-band deployments in India.

High Initial Cost of Deployment

The high initial cost of deploying 5G Fixed Wireless Access (FWA) infrastructure is identified as a significant factor that hampers the market growth of the Global 5G Fixed Wireless Access market. The cost includes various components such as base stations, antennas, transceivers and other network equipment required to establish a robust 5G FWA network. The deployment of 5G FWA requires substantial capital expenditure to acquire, install and configure the necessary hardware components. The upfront investment be a barrier for many companies, particularly smaller operators or those operating in regions with limited financial resources.

5G FWA deployments are unlikely to provide an immediate return on investment and businesses might have trouble recovering their original capital costs. The results in cautious choices and a slower rate of adoption, particularly if there is uncertainty about the business case for a quick return on investment. The high initial cost represents a financial risk for operators, especially in cases where there is uncertainty about the market demand for 5G FWA services. Operators be hesitant to make significant investments without a clear understanding of the potential subscriber base and revenue streams.

Segment Analysis

The global 5G fixed wireless access market is segmented based on offerings, frequency, demography, application and region.

Growing Adoption of 5G Fixed Wireless Access Hardware in Various Industries

Based on the Offerings, the 5G fixed wireless access market is segmented into hardware and software. 5G fixed wireless access hardware segment is growing over the forecast period 2023-2030. The implementation of 5G networks necessitates substantial investments in hardware infrastructure, encompassing base stations, antennas and other network equipment. With 5G Fixed Wireless Access (FWA) relying on a robust network infrastructure, the demand for hardware components grows in tandem with the expansion of 5G networks.

The advancements in 5G technology, providing significantly higher data speeds and lower latency compared to preceding generations, mandate network operators to invest in sophisticated hardware components capable of supporting increased data capacity and ensuring a seamless user experience. Moreover, as 5G networks often leverage higher frequency bands, including millimeter waves, to transmit data at accelerated rates, there is a need for the development and deployment of specialized hardware like millimeter-wave antennas and transceivers to operate efficiently at these frequencies.

The growing major key player's hardware product launches help to boost segment growth over the forecast period. For instance, on February 15, 2023, Qualcomm launched a new 5G FWA Platform in the market. The company's third generation platform features instrumental elements that push the boundaries of 5G expansion. Qualcomm FWA Gen 3 key features offering quad-core central processing unit (CPU) and hardware acceleration boosts.

Geographical Penetration

Growing Government initiatives for the 5G fixed wireless access in Asia-Pacific

Asia-Pacific accounted for the largest market share in the global 5G fixed wireless access market due to the growing Government initiatives for 5G fixed wireless access. In the Asia-Pacific, where numerous countries experience high population densities, particularly in urban areas, there is a notable demand for broadband connectivity. 5G Fixed Wireless access (FWA) proves to be an efficient solution for delivering high-speed internet access, particularly in densely populated cities where traditional wired infrastructure encounter challenges.

Growing product launches of fixed wireless access (FWA) device by the major key players helps to boost regional growth over the forecast period. For instance, on August 08, 2023, Bharti Airtel launched its fixed wireless access (FWA) device, starting with Mumbai and Delhi, marking a concerted push by India's second largest telco to monetize its 5G services. Reliance Jio also launched a similar product and is currently beta testing it across customers in different markets.

Competitive Landscape

The major global players in the market include Huawei Technologies Co., Ltd., Telefonaktiebolaget LM Ericsson, Nokia, Samsung, Inseego Corp., Qualcomm Technologies, Inc., Intel Corporation, MediaTek Inc., CommScope and Verizon Communications Inc.

COVID-19 Impact Analysis

The pandemic led to disruptions in global supply chains, affecting the production and delivery of telecommunications equipment, including 5G FWA devices. Delays in the manufacturing and distribution of hardware components could have slowed down the deployment of 5G networks. Lockdowns, travel restrictions and social distancing measures implemented to curb the spread of the virus have resulted in delays in the installation and deployment of 5G infrastructure. Field engineers and technicians faced challenges in accessing sites for network installation and maintenance.

The pandemic prompted a shift in priorities for businesses and governments. Resources that were initially allocated to 5G deployment might have been redirected to address more immediate concerns related to public health and economic stability. Telecommunication operators have faced financial challenges due to changes in consumer spending patterns, economic uncertainties and reduced business activities. The has impacted their ability to invest in and accelerate 5G network deployments.

Russia-Ukraine War Impact Analysis

In the event of a war, there is a risk of damage to telecommunication infrastructure, including 5G FWA equipment and networks. Physical destruction of infrastructure disrupts services and hinders the expansion of 5G networks. Geopolitical tensions create uncertainty in the business environment, leading to a hesitation in investments. The uncertainty affects the funding and deployment of 5G infrastructure projects. Russia and Ukraine are significant players in the global technology supply chain. The conflict disrupts the production and supply of key components required for 5G infrastructure, impacting the manufacturing and deployment of 5G equipment globally.

Geopolitical events lead to changes in regulations and policies. Governments impose new restrictions or alter existing regulations, affecting the rollout and operation of 5G networks. Geopolitical instability leads to economic uncertainty and market volatility. The impacts the stock prices of companies involved in the 5G FWA market, affecting their financial health and investment decisions. A Russia-Ukraine conflict has broader economic repercussions, influencing global economic conditions. Economic downturns impact consumer spending and corporate investments, potentially slowing down the adoption of new technologies like 5G.

By Offerings

• Hardware
• Software

By Frequency

• Sub 6GHz
• 24-39 GHz
• Above 39GHz

By Demography

• Urban
• Semi-Urban
• Rural

By Application

• Residential
• Commercial
• Government
• Industrial

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On December 14, 2023, Airties, a Smart Wi-Fi software collaborated with Qualcomm to accelerate 5G fixed wireless adoption with broadband carriers. The collaboration helps to enhance the quality of experience at the intersection of local and wide-area networks.
• On August 22, 2023, Reliance Jio, India's telecom market leader launched a fixed wireless access device for retail users at a 20% discount to market rates. The is the first mainline effort by Jio to monetize 5G after the data top pack it introduced early this year.
• On February 15, 2023, Nokia and CUC collaborated on 5G fixed wireless access. In the Chinese market, this is the first test of its kind. Through the smooth integration of the fixed and mobile networks, CUC now eventually be able to expand network capacity and provide its clients with more internet services via its 5G network.

Why Purchase the Report?

• To visualize the global 5G fixed wireless access market segmentation based on offerings, frequency, demography, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of 5G fixed wireless access market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global 5G fixed wireless access market report would provide approximately 69 tables, 67 figures and 258 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies