5G Fixed Wireless Access Market

5G Fixed Wireless Access Market Outlook (2024 to 2034)

The global 5G fixed wireless access market is poised to reach a size of US$ 35.9 billion in 2024. Global demand for 5G FWA solutions is forecast to accelerate at a high-value CAGR of 34% and reach a market worth US$ 670.3 billion by 2034.

Growing demand for broad network connectivity and high-speed internet with reduced latency is anticipated to contribute to the adoption of 5G fixed wireless access solutions. Several favorable initiatives are taken by governments in different ways, such as incentives, etc., which are forecasted to support the adoption of 5G fixed wireless access solutions.

• In May 2022, the United States government launched its ‘Internet for All’ initiative to offer high-speed and affordable internet to Americans.
• Rising adoption of modern technologies, such as M2M (machine-to-machine), IoT (internet of things), etc., is expected to contribute to the expansion of the global market.
• Worldwide demand for 5G fixed wireless access solutions for the residential sector is anticipated to increase at a 33.2% CAGR and reach a market value of US$ 221.2 billion by 2034-end.
• East Asia is calculated to account for a 23.1% share of the global market by the end of 2034.
• Demand for fixed wireless access services in South Korea is forecasted to accelerate at a CAGR of 34.9% from 2024 to 2034.

The increasing application of millimeter-wave technology for enabling 5G FWA is projected to augment demand for 5G fixed wireless access solutions in the coming decade. As a transformation technology, multiple benefits are offered by 5G. 5G fixed wireless access solutions are comparatively cost-effective. Ongoing developments taking place in radio technology and the availability of spectrum are set to enhance the consumer experience, which is further contributing to market growth.

Report Attributes	Details
5G Fixed Wireless Access Market Size (2024E)	US$ 35.9 Billion
Forecasted Market Value (2034F)	US$ 670.3 Billion
Global Market Growth Rate (2024 to 2034)	34% CAGR
North America Market Share (2034F)	24.3%
Market Share of SUB-6 GHz Solutions (2034F)	55%
Japan Market Growth Rate (2024 to 2034)	34.6% CAGR
Key Companies Profiled	Nokia; Inseego Corp.; Samsung Electronics; Qualcomm Technologies, Inc.; Huawei Technologies Co. Ltd.; Intel Corporation; Ericsson; MediaTek Inc.; Mimosa Networks, Inc.; Verizon Communications Inc.; COMMSCOPE

Why is 5G Fixed Wireless Access Market Growth So High?

“Surging Requirements for 5G Fixed Wireless Access Networks from Multiple Sectors”

Growing requirements for 5G FWA in multiple sectors due to its associated benefits are anticipated to generate lucrative opportunities for expanding 5G fixed wireless access market size. Increasing demand for wireless sensors across smart cities in regulating pollution and the environment, smart parking, security surveillance, and traffic management are set to benefit 5G fixed wireless access market trends.

Residential consumers are forecasted to generate demand for low-cost and high-speed internet, which is paving the way for the development of 5G FWA technologies. Increasing deployment of 5G in multiple sectors, including healthcare, telemedicine, automobile, and various other business segments is estimated to help in market expansion.

Which Key Challenges are Encountered by 5G Fixed Wireless Access Solution Providers?

“Adverse Environmental Effects of Millimeter-wave Frequency Circuitries”

Certain challenges are faced by millimeter-wave spectrum, including higher prices of components, etc. High precision is required for the manufacturing of small components, which is expected to increase their manufacturing costs and lead to non-line-of-sight issues. Furthermore, millimeter waves are generally blocked by physical objects, including buildings, trees, etc., which results in reduced range and a significant loss of signals. Therefore, these disadvantages are projected to result in the establishment of more towers by respective telecommunication operators.

How are Startups Expected to Increase Their Revenue in This Industry?

“Partnerships as Key Strategy for Strong Hold in Global Market”

Various hardware vendors, 5G application platform providers, and mobile operators are entering into strategic partnerships with some of the prominent system integrators to accelerate the commercialization and development of 5G products and technologies. Startups are anticipated to invest more in developing fixed wireless access-related equipment and components to harness market potential.

Country-wise Insights

Fact.MR, a market research and competitive intelligence provider, opined in its recently updated report that North America is calculated to contribute 24.3% share of global market revenue by 2034. Increasing investment in 5G infrastructure is driving demand for 5G fixed wireless access solutions. Growing investments in 5G infrastructure, for instance, deployment of fiber-optic cables, small cells, and other network components is also estimated to widen the application scope of 5G fixed wireless access solutions.

Will the United States Be an Opportune Market for Service Providers?

“Active Participation of More Market Players in the Country”

Attribute	United States
Market Value (2024E)	US$ 3.8 Billion
Growth Rate (2024 to 2034)	34.6% CAGR
Projected Value (2034F)	US$ 74.3 Billion

The United States is expected to enjoy a 45.6% share of the market in North America by the end of 2034. The presence of some well-established market players in the country is estimated to contribute to growth prospects. In addition, rising favorable initiatives taken by market players along with the government to reduce the digital divide are anticipated to strengthen growth opportunities.

• Qualcomm Technologies, in February 2021, announced the launch of a new updated feature of Gen 2 of Qualcomm Fixed Wireless Access Platform. This advancement is expected to assist in proliferating the adoption and deployment of 5G fixed wireless access solutions.

Why is Need for 5G Fixed Wireless Access Solutions Increasing in China?

“Smart City Initiatives Contributing to Surging Demand for 5G Fixed Wireless Access Solutions”

Attribute	China
Market Value (2024E)	US$ 3.9 Billion
Growth Rate (2024 to 2034)	34% CAGR
Projected Value (2034F)	US$ 73.6 Billion

China is forecast to capture a 47.5% share of East Asian market revenue by 2034. Various initiatives are taken in the country for developing smart cities, which are forecasted to generate demand for 5G fixed wireless access services. Rising adoption of modern technologies along with constant development in various end-use sectors are set to have a positive impact on market growth.

Category-wise Insights

As per this updated report by Fact.MR, semi-urban demography is anticipated to hold a significant share of the global market. The expansion of these areas is accredited to the fact that there is a sparse population, which is projected to generate demand for higher investment to establish a connection to a network through wireline infrastructure.

5G Fixed Wireless Access Solutions of Which Operating Frequency are Set to Gain Prominence?

“Growing Investments by Companies in Sub-6 GHz Network Deployment”

Attribute	SUB-6 GHz
Segment Value (2024E)	US$ 21.5 Billion
Growth Rate (2024 to 2034)	32.8% CAGR
Projected Value (2034F)	US$ 368.7 Billion

5G fixed wireless access solutions of sub-6 GHz capacity are expected to hold 55% share of the global market by 2034. There has been an increase in the deployment of 5G networks by various telecommunication operators in their respective sub-6 GHz frequency spectrum. The growing number of companies investing in 5G networks is projected to have a positive impact on global market growth in the coming decade.

What Makes 5G Fixed Wireless Access Solutions More Popular in the Residential Sector?

“Rising Demand for High-speed Internet Broadband Services Driving Demand for 5G Fixed Wireless Access Solutions”

Attribute	Residential Sector
Segment Value (2024E)	US$ 12.6 Billion
Growth Rate (2024 to 2034)	33.2% CAGR
Projected Value (2034F)	US$ 221.2 Billion

The residential sector is estimated to account for 33% of the 5G fixed wireless access market share by the end of 2034. Increasing adoption of smart home technology, rising demand for high-speed internet broadband, and remote work and telecommuting are some key factors contributing to increased demand for 5G fixed wireless access services. The growing dependency of more people on internet-based services for communication, entertainment, and work is leading to the increased demand for 5G fixed wireless access solutions in residential areas.

Competitive Landscape

Several market players are taking various initiatives to strengthen their positions across more regions. Constant efforts are being taken by them to offer unique services. These increasing efforts are projected to make the global market highly competitive.

For instance

• Ooredoo and Nokia, in June 2021, came up with reliable and super-fast 5G and 4G fixed wireless access solutions across Oman.
• Ericsson entered into a partnership with Mediacom Communications in August 2021 to extend broadband services in rural America through fixed wireless access. RAN solutions of Ericsson allow Mediacom to provide FWA services up to 9 miles from each tower location. These initiatives are anticipated to enable Mediacom to offer cost-effective broadband solutions to underserved homes in rural communities.

Key players in the 5G fixed wireless access industry include Nokia, Inseego Corp., Samsung Electronics, Qualcomm Technologies, Inc., Huawei Technologies Co. Ltd., Intel Corporation, Ericsson, MediaTek Inc., Mimosa Networks, Inc., Verizon Communications Inc., and COMMSCOPE.

Fact.MR provides detailed information about the price points of key providers of 5G fixed wireless access solutions positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.

Segmentation of 5G Fixed Wireless Access Market Research

• By Offering:

  • Hardware
  • Services

• By Operating Frequency:

  • SUB-6 GHz 5G
  • 24 GHz to 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:

  • Residential
  • Commercial
  • Industrial
  • Government

• By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • MEA