Global 5G Fixed Wireless Access Market to Reach USD 438.70 Billion by 2031 | CAGR of 38.4%
Category : IT And Telecommunications | Published Date : Nov 2024 | Type : Press Release
5G Fixed Wireless Access Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the 5G Fixed Wireless Access Market size was valued at USD 32.61 billion in 2023 and is projected to grow at a CAGR of 38.4%, reaching USD 438.70 billion by 2031. 5G Fixed Wireless Access (FWA) leverages 5G technology to provide high-speed internet connectivity using radio waves, ensuring fast, reliable, and cost-effective broadband access. This technology facilitates efficient communication across various applications, including residential, commercial, industrial, and government sectors, offering benefits such as reduced latency, high-speed data transfer, and easy installation.
The report comprises the 5G Fixed Wireless Access Market Share, Size & Industry Analysis, based on Offering (Hardware, Services), Connectivity (Cellular Modem-RF, Wi-Fi), Operating Frequency (2-6 GHz, 24-39 GHz, Above 39 GHz), Application (Residential, Commercial, Industrial, Government), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on 5G Fixed Wireless Access Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profiles, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The growing demand for high-speed internet and advancements in 5G infrastructure drive market growth, while weather-related disruptions pose challenges to seamless connectivity.
Segmental Analysis :
Based on offering, the market is segmented into Hardware and Services.
- The hardware segment accounted for the largest revenue share in 2023, driven by demand for advanced customer premises equipment, antennas, and Wi-Fi access points, ensuring efficient 5G connectivity.
- The services segment is expected to grow at the fastest CAGR, supported by the rising demand for installation and maintenance services.
Based on connectivity, the market is segmented into Cellular Modem-RF and Wi-Fi.
- The Cellular Modem-RF segment held the largest share in 2023, attributed to its capability to support high bandwidth and low latency, essential for high-speed internet.
- The Wi-Fi segment is anticipated to grow significantly, driven by increasing adoption in smart homes and enterprises.
Based on operating frequency, the market is segmented into 2-6 GHz, 24-39 GHz, and Above 39 GHz.
- The 2-6 GHz segment dominated the market in 2023, supported by its ability to provide reliable indoor and outdoor coverage over large areas.
- The 24-39 GHz segment is projected to grow at the fastest rate, driven by its high-speed data capabilities suitable for augmented and virtual reality applications.
Based on application, the market is segmented into Residential, Commercial, Industrial, and Government.
- The commercial segment accounted for the largest market share in 2023, driven by the increasing need for high-speed internet to support remote work and cloud-based services.
- The residential segment is expected to register the fastest CAGR, supported by rising IoT adoption and demand for high-performance broadband.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- Asia-Pacific: Dominated the market in 2023, driven by rapid digitalization, rising investments in 5G infrastructure, and increasing internet demand in China and India.
- North America: Expected to grow significantly due to advanced 5G deployments and rising demand for high-speed data in the U.S.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 438.70 Billion |
| CAGR (2024-2031) | 38.4% |
| Offering | Hardware (Base Station, Customer Premises Equipment, Antenna, Wi-Fi Access Point, Other), Services (Installation, Maintenance) |
| Connectivity | Cellular Modem-RF, Wi-Fi |
| Operating Frequency | 2-6 GHz, 24-39 GHz, Above 39 GHz |
| Application | Residential, Commercial, Industrial, Government |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the 5G Fixed Wireless Access Industry:
- Mavenir (U.S)
- Qualcomm Technologies, Inc. (U.S)
- Nokia (Finland)
- Siklu Communication, Ltd (U.S)
- Mimosa Networks, Inc. (U.S)
- Samsung Electronics (South Korea)
- AT&T Inc. (U.S)
- Huawei Technologies Co., Ltd (China)
- Zyxel (China)
- Ericsson (Sweden)
Recent Industry Developments :
- July 2024: Nokia introduced Wi-Fi 7-enabled outdoor and indoor 5G FWA solutions for enhanced connectivity.
- December 2023: HFCL Limited launched its 5G Fixed Wireless Access Customer Premise Equipment to bridge connectivity gaps in underserved areas.
- August 2024: GCT Semiconductor partnered with a Tier-One supplier to develop advanced 5G FWA technologies, including RFIC and modem chipsets.
