- 20 December 2019 21:40
5G Fixed Wireless Access Market Hit US$ 47.3 Billion
Fixed wireless access enables the connection between two fixed locations or buildings with help of wireless communication devices or systems. The wireless communication devices or systems perform the fixed wireless operation with a radio or other wireless links. Generally, fixed wireless is part of a wireless LAN infrastructure. The prime objective of a fixed wireless link is to enable data communications between the two sites or buildings. Fixed wireless data (FWD) links are often a cost-effective alternative to leasing fiber or installing cables between the buildings. Although, fixed wireless access is not a new industry term. WiMAX & LTE can be considered as a fixed wireless access solution. The major difference between a 5G fixed wireless access solution and any other FWA solution is their performance. WiMAX is the widely accepted wireless solution that provides downloading speeds of 10 Mbps while LTE solution provides downloading speeds from 10 to 100 Mbps. A 5G solution is capable of providing speed in gigabits per second. 5G can provide downloading speed around 25 Gbps. This speed is 10 to 20 times faster than the 4G speed. Thus, owing to faster speeds and low latency, this technology directly competes with fiber-like or high-speed broadband access networks. Furthermore, growth in demand for high-speed internet connectivity is expected to drive the 5G fixed wireless access market growth. Moreover, increase in adoption of advanced technologies such as machine-to-machine (M2M) and internet of things (IoT) are some of the other factors that boost the 5G fixed wireless access industry. Further, the rise in data traffic would force network operators to provide high-speed bandwidth to their consumers. Therefore, as 5G provides more bandwidth than 4G and 3G, the 5G fixed wireless access market is expected to grow. However, high infrastructural costs may hinder the growth of the market.
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During the last few years, there has been a significant increase in the development of the telecommunication sector. The global 5G fixed wireless access market is majorly driven by increasing demand for high bandwidth, increasing demand for better network, and continuously increasing investment. Moreover, infrastructure development, rapid urbanization, and continuously increasing support have supported the growth of the global 5G fixed wireless access market. During last year, there is a continuously increasing number of launches by the major players which will create a huge opportunity in the near future.
According to Acumen Research and Consulting, the global 5G fixed wireless access market size is expected to reach over USD 47.3 billion by 2026 and projected to grow at CAGR of 98.9% during the forecast period 2019 to 2026.
The global 5G Fixed Wireless Access market is segmented by offering, demography, application and region.
On the basis of offering, the global 5G fixed wireless access market has been bifurcated into hardware: access Units & CPE, services. On the basis of demography, the market is categorized into rural, semi-urban, and urban. Urban areas hold the major share in the global market. Well developed infrastructure in the urban areas, high spending of the people, and technological advancement, all these factors have driven the growth of the urban area. On the basis of application, the global 5G fixed wireless access market has been segmented into residential, industrial, commercial, government, and others.
Geographically, the global 5G Fixed Wireless Access market is segmented into four regions: North America, Europe, Asia Pacific, and Latin America and Middle East & Africa.
North America is expected to hold the major share during the forecast period due to the presence of high technologies, advanced telecommunication sector, availability of huge funds and companies in this region has simultaneously increased the 5G Fixed Wireless Access market. Huge demand in this region, well developed technology will support the growth of the North America 5G fixed wireless access market. Europe 5G fixed wireless access market is expected to have a significant growth increasing consumption from various governmental bodies as well as private sectors. Increasing demand from various countries like Germany, U.K. and France have supported the market growth. Asia Pacific is expected be the fastest growing region during the forecast period owing to the rapid urbanization, especially in developing countries such as India and China. Continually improving in infrastructure and increasing spending of the people have boosted the growth of the market. LAMEA is expected to experience a considerable growth. Middle East holds the major share in LAMEA region.
Some of the major players analyzed and profiles in this market include Qualcomm Technologies, Cohere Technologies, Inc., Siklu Communication, Ltd., Samsung Electronics, Huawei, Ericsson, AT&T Inc., Verizon Communications Inc., Orange S.A., United States Cellular Corporation, Arqiva, Cellular South, Inc., Mimosa Networks, Inc., TELUS Corporation, Telefónica, Mobile Telephone Networks (MTN), Cisco, Nokia Corporation, Swisscom, and Hrvatski Telekom.
KEY BENEFITS FOR STAKEHOLDERS
- This study comprises analytical depiction of the 5G fixed wireless access market trends with current trends and future estimations to depict the imminent investment pockets.
- The overall potential is determined to understand the profitable trends to gain a stronger foothold in 5G fixed wireless access industry.
- The 5G fixed wireless access market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Base Year for Estimation - 2018
Actual estimates/Historical data - 2015 to 2018
Market Representation - Revenue in USD Million & CAGR from 2015 to 2026
Regional Scope - North America, Europe, Asia Pacific, Latin America & MEA
Report Coverage - Revenue forecast, company share, competitive landscape, growth factors and trends
Table of Content
CHAPTER 1. INDUSTRY OVERVIEW
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
CHAPTER 5. 5G FIXED WIRELESS ACCESS MARKET BY COMPONENT
CHAPTER 6. 5G FIXED WIRELESS ACCESS MARKET BY DEPLOYMENT
CHAPTER 7. 5G FIXED WIRELESS ACCESS MARKET BY END USE
CHAPTER 8. NORTH AMERICA 5G FIXED WIRELESS ACCESS MARKET BY COUNTRY
CHAPTER 9. EUROPE 5G FIXED WIRELESS ACCESS MARKET BY COUNTRY
CHAPTER 10. ASIA-PACIFIC 5G FIXED WIRELESS ACCESS MARKET BY COUNTRY
CHAPTER 11. LATIN AMERICA 5G FIXED WIRELESS ACCESS MARKET BY COUNTRY
CHAPTER 12. MIDDLE EAST 5G FIXED WIRELESS ACCESS MARKET BY COUNTRY
CHAPTER 13. AFRICA 5G FIXED WIRELESS ACCESS MARKET BY COUNTRY
CHAPTER 14. COMPANY PROFILE
CHAPTER 15. RESEARCH APPROACH
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