5G Fixed Wireless Access Market - Size, Share, Industry Trends, and Forecasts (2024 - 2031)

By Offering:

Based on the offering, the market is bifurcated into hardware and service.

Trends in the offering

• The evolution of integrated antenna solutions to improve signal is driving the market trend.
• The demand for more powerful customer premises equipment is propelling the hardware segment.

The hardware accounted for the largest revenue share in the year 2023.

• The hardware segment including base station, customer premises equipment, antenna, and other components plays a crucial role in the smooth functioning of the 5G FWA.
• The customer premise equipment serves as the interface between wireless network infrastructure and the user device. Additionally, the Wi-Fi access point creates a local wireless network by broadcasting Wi-Fi signals. Thereby, collectively enhancing the speed, and reliability, and improving the latency issues among others.
• Innovation in customer premises equipment with the integration of advanced technologies such as network slicing, edge computing, signal processing, and others is driving the growth of hardware components.
• In November 2023, Inseego Corp launched the Inseego Wavemaker 5G indoor router FX3100 for Business customers. The router is a compact, cutting-edge device that provides ultra-fast, reliable, and secure connectivity and others.
• Thus, the hardware segment is driving the 5G fixed wireless access market trends.

The service is anticipated to register the fastest CAGR during the forecast period.

• The services segment of the market is further segmented into installation service and maintenance service which is majorly provided by the broadband service companies or firms.
• The rising latency and connectivity issues as well as the rising demand for high-speed internet are propelling the 5G fixed wireless access market growth.
• In September 2022, Nokia partnered with Telia to launch a commercial 5G standalone (SA) network. The 5G SA is embedded into Telia 5G fixed wireless access home broadband service to offer a range of packages to customers.  
• Therefore, as per the analysis, the rising latency and connectivity issues are anticipated to boost the market during the forecast period.

By Connectivity:

Based on the connectivity, the market is bifurcated into cellular modem-RF and Wi-Fi.

Trends in connectivity

• In suburban and urban areas deployment uses 5G modem–RF for enhancing internet speed over long distances.
• The deployment of high-frequency mmWave bands is driving the need for advanced RF components.

The Cellular Modem-RF accounted for the largest revenue share in the year 2023 and is anticipated to register the fastest CAGR during the forecast period.

• The rising adoption of sub-6 Ghz and mm Waves which are the crucial component for cellular modem-RF is driving the segment. Additionally, the 5G cellular modem supports high bandwidth and low latency making it a preferable choice for the progress of 5G Fixed Wireless Access market share.
• The cellular modem – RF has the ability to transmit data at high speed while consuming low power and support speeds over UHF or VHF bandwidths.
• In February 2021, Qualcomm Technologies, Inc. launched the Snapdragon X65 5G Modem-RF System for the development of 5G in mobile broadband, industrial IoT, 5g private networks, and fixed wireless access.
• According to the 5G Fixed Wireless Access market analysis, the ability to transmit data at high speed and the rising adoption of sub-6 Ghz and mm Waves is driving the 5G fixed wireless access market trends.

By Operating Frequency:

Based on the operating frequency, the market is segmented into 2 – 6 GHz, 24 – 39 GHz, and above 39 GHz.

Trends in the operating frequency

• The 24-39 GHz segment can deliver ultra-high-speed broadband which is ideal for dense urban areas and is boosting the market.
• The ability to provide large bandwidth for high-speed internet services and low latency for fixed point-to-point and point-to-multipoint satellite operations is spurring the above 39 GHz segment.

The 2 – 6 GHz accounted for the largest revenue share in the year 2023.

• The 2-6 GHz operating frequency plays a key role in providing wireless services and carrying more data over the spectrum as well as reducing the chance of interference.
• Moreover, 2-6 GHz is also known as Sub-6 GHz which has the ability to cover large areas, especially in rural and suburban regions, and provide more reliable indoor and outdoor coverage due to its superior signal penetration.
• In August 2022, UScellular Collaborated with Qualcomm and Inseego to launch 5G mm-Wave high-speed internet service integrated into Home Internet+ Service by UScellular with Qualcomm 5G fixed wireless access platform gen 1 which features sub-6 GHz, mmWave, and extended-range mmWave CPE devices.
• Thus, the ability to cover large areas with superior signal penetration is driving the 2-6 GHz segment.

The 24 - 39 GHz segment is anticipated to register the fastest CAGR during the forecast period.

• The mid-range which is 24-39 GHz frequency provides faster speed eliminating the need for high-speed internet connection in semi-urban and rural areas.
• The innovation in mmWaves is driving the evolution of operating frequency by offering extremely high data rates and capacity.
• The 24-39 GHz segment is ideal for augmented reality (AR), virtual reality (VR), and ultra-HD video streaming due to the ultra-high-speed connections.
• For instance, in June 2021, Qualcomm Technologies, Inc. partnered with Nokia and UScellular to achieve a milestone of extended range over 10 km with mmWaves which has the operating frequency of 24 GHz and 28 GHz spectrum bands. The achievement is bridging the gap of connectivity for communities.
• Thus, as per the analysis, the growing need in semi-urban and rural areas as well as innovation in mmWaves is driving the progress of the 24-39 GHz segment.

By Application:

Based on the application, the market is segmented into residential, commercial, industrial, and government.

Trends in the application

• The trend towards IoT adoption in industries is driving the need for high-speed internet is propelling the market need.
• The rising government regulations in the spectrum and operating frequency are fueling the 5G Fixed Wireless Access market size.

The commercial accounted for the largest revenue share of 40% in the year 2023.

• The rise of remote work and the growing need for high-speed internet is driving the need in the commercial segment. Additionally,  it provides a super-fast ultra-broadband network for mobile technology which replaces fixed network Internet is propelling the commercial segment.
• Moreover, businesses leverage due to extremely effective backup connection with low-latency internet which switch over in the event of network outages.
• In December 2022, Swisscom launched its fixed wireless access 5G service for business customers. The market caters to remote buildings with network issues and temporary business locations that do not have a fixed network connection.
• Thus, the low-latency internet and growing need for high-speed internet is driving the commercial segment.

The residential is anticipated to register the fastest CAGR during the forecast period.

• The primary factor driving the growth of the 5G fixed wireless access market in the residential segment is the rising need for high-performance broadband and the evolution of IoT across the globe which is paving the way for connected devices which in turn is boosting the 5G fixed Wireless Access market size.
• The rising need to increase coverage and network performance is propelling the progress of the market in the residential segment.
• In February 2022, Nokia partnered with Zain KSA to provide network capabilities and enhance digital infrastructure across Saudi. The infrastructure includes Nokia’s AirScale Radio, Wavence Microwave, and others, to increase coverage and network performance.
• Therefore, as per the analysis, demand for improved network performance and high-performance broadband is anticipated to boost the evolution of the market during the forecast period.