(EMAILWIRE.COM, August 03, 2019 ) The 5G fixed wireless access market is expected to grow from USD 396 million in 2019 to USD 46,366 million by 2026, at a CAGR of 97.47%. The growing demand for high-speed internet connectivity and broad network coverage with reduced latency and power consumption, increasing adoption of advanced technologies such as machine-to-machine (M2M)/Internet of Things (IoT) millimeter-wave in 5G FWA are a few major factors driving the growth of the 5G fixed wireless access market. However, delay in making decisions related to the standardization of spectrum allocation, high infrastructural costs, and adverse impact on the environment are expected to limit the growth of this market.

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Services to account for largest share of 5G fixed wireless access market by 2026

The continuous development of broadband and cellular networks has enabled users to experience faster data transmission rates, with low latency. The increased demand for data services is primarily driven by the growing use of consumer electronic devices, and data-intensive applications such as virtual and augmented reality, 3D, and ultra-HD video. To support the increasing data traffic, more bandwidth is required. 5G is expected to provide 1,000× more bandwidth than its predecessor broadband generations—3G and 4G. Therefore, the growing data traffic would force network operators to provide high-speed bandwidth to their consumers.

Semi-urban areas to continue to grow at highest CAGR from 2019 to 2026

In general, it is challenging to upgrade or deploy the foundation infrastructure in urban and semi-urban areas due to the high cost of projects in civil works and complexities associated with high-rise buildings. FWA could overcome the challenge by providing a wireless connection with high throughput and low latency everywhere, whether replacing aging wireline infrastructure or establishing a connection with a new network node.

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Residential to account for largest share of fixed wireless access market by 2026

5G fixed wireless is an ideal alternative mainly for residential customers as users can get gigabits of speeds at a competitive price, with no installation issues. There are more than 2 billion families across the world. Observing the current industry trend, less than half of the families are likely to opt for a fixed copper or fiber broadband connection by 2023. In many countries, it is not economically viable to build a fixed broadband infrastructure. Based on ITU data, the addressable market can be close to 1 billion households, with either no or poor fixed broadband connectivity. This generates an opportunity for FWA deployments.

North America to hold major share of 5G fixed wireless access market in 2019

North America is expected to hold the largest share of the global 5G fixed wireless access market during the forecast period. In North America, the US is considered to have the most engaged user base, and a similar trend is expected to continue with the addition of new subscribers. With full-fledged 5G implementation in North America, it is expected to boost on-demand video services. In the current scenario, the market for such services is growing continuously. Companies such as AT&T (US) and Verizon (US) are driving the telecom sector, but both these players are looking to diversify their business from core mobile services and compete more effectively in internet services. In October 2018, Verizon launched 5G FWA services in 4 cities in the US.

Key Market Players

Major players in the 5G fixed wireless access market include Qualcomm Technologies (US), Nokia Corporation (Finland), Samsung Electronics (South Korea), Huawei (China), Ericsson (Sweden), Mimosa Networks, Inc. (US), Cohere Technologies, Inc. (US), Siklu Communication, Ltd. (Israel), AT&T Inc. (US), Verizon Communications Inc. (US), Cisco (US), Arqiva (Hampshire), Cellular South, Inc. (C Spire) (US), Orange S.A. (France), United States Cellular Corporation (US), TELUS Corporation (Canada), Telefónica (Spain), Mobile Telephone Networks (MTN) (South Africa), Swisscom (Switzerland), and Hrvatski Telekom (Croatia).

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Founded in 1983 and headquartered in New York, US, Verizon Communications Inc. is well-known for its wide offerings in communications, information, and entertainment services in different verticals, such as consumers, businesses, and government. The company operates through 2 major business segments: Wireless and Wireline. Wireless communication products and services include wireless voice and data services and equipment sales, which are provided to business and government customers across the US. Wireline’s voice, data, and video communication products and enhanced services include broadband video and data services, corporate networking solutions, security and managed network services, and local and long-distance voice services. The company is focusing on launching 5G wireless technology-based products and developing the ecosystem for offering fixed and mobile 5G wireless services. The company is partnering with major players for the development of standards and fulfillment of next-generation wireless technology requirements. In November 2017, the company announced to commercially launch 5G wireless residential broadband services in 3 to 5 US markets in 2018.

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