PUBLISHER: Polaris Market Research | PRODUCT CODE: 1566341
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1566341
The global in-building wireless market size is expected to reach USD 47.45 billion by 2032, according to a new study by Polaris Market Research. The report "In-Building Wireless Market Size, Share, Trends, Industry Analysis Report: By Offering (Infrastructure, Small Cells), By Business Model, By Building Size, By End User, and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The surge in mobile data traffic is driving the in-building wireless market. More people are using smartphones and other mobile devices for data-intensive applications such as video streaming, social media, and cloud services. As a result, the demand for reliable in-building wireless networks has escalated. In-building wireless systems, such as Distributed Antenna Systems (DAS) and small cells, provide enhanced coverage and capacity, ensuring a seamless and high-speed mobile experience for users. Thus, the increased need for efficient network connectivity is driving the in-building wireless market.
The proliferation of Internet of Things (IoT) devices is significantly impacting the in-building wireless market. Smart home technologies, such as connected lighting, HVAC systems, and security cameras, are becoming more prevalent, thus, the need for a reliable and extensive wireless network infrastructure grows. IoT devices require constant and stable connectivity to function effectively, and in-building wireless solutions offer the necessary coverage and performance to support these devices. Thus, increased demand for IoT connectivity has resulted in the growth of the market for in-building wireless within commercial, industrial, and residential buildings.
The launch of 5G networks is propelling the growth of the in building wireless market. 5G technology delivers faster speeds, lower latency, and greater capacity compared to previous generations of wireless technology. The need for in-building wireless solutions that support and enhance 5G coverage within buildings has become crucial as 5G networks are expanding globally. This increased demand included the deployment of 5G small cells and advanced DAS to ensure that the high-speed benefits of 5G are accessed indoors. Thus, the emergence of 5G is boosting connectivity and driving innovation in building wireless infrastructure, leading to an expansion of the market.
The infrastructure segment led the in-building wireless market as a result of the growing need for reliable connectivity solutions in both commercial and residential buildings.
The neutral host operators segment is projected to experience a notable CAGR in the in building wireless market. The growth of the segment is driven by the advancing network model, which effectively improves indoor cellular coverage.
The growth in North America's in-building wireless market is driven by the expansion of the 5G network. This expansion has intensified the demand for advanced indoor connectivity solutions.
The Asia Pacific market for in-building wireless is projected for substantial growth, driven by the expanding suite of products and services available from industry participants.
The global key market players are Advanced RF Technologies, Inc. (ADRF); Airspan; BTI Wireless; Casa Systems; Comba Telecom Systems Holdings Ltd.; CommScope; Corning Incorporated; Dali Wireless; Ericsson; FUJITSU; Huawei Technologies Co., Ltd.; HUBER+SUHNER; NEC Corporation; Nokia; PCTEL, Inc., (Amphenol Corporation); Samsung; SOLiD; Zinwave; and ZTE Corporation.
Polaris Market Research has segmented in-building wireless market report based on offering, business model, building size, end user, and region: