5G Fixed Wireless Access (FWA) Market Size, Growth, And Forecast 2029

Market Segmentation

Our in-depth analysis of the global 5G fixed wireless access (FWA) market includes the following segments:

By Offering

Hardware
Services

By Application

Commercial
Residential
Industrial

Growth Drivers

Increased adoption of advanced technologies such as machine-to-machine and internet of things
Surged use of millimeter-wave technology in 5G fixed wireless access

Challenges

High infrastructure costs and possibility of revenue reduction for telecommunication companies

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5G Fixed Wireless Access (FWA) Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the adoption of advanced technologies, a high presence of market players in the region, increasing adoption of smartphones and increasing internet penetration in the region. Furthermore, in 2021, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the presence of advanced IT infrastructure, a high concentration of market players in the region, and availability of proficient technical expertise. In North America, the US is estimated to register the highest CAGR owing to the rapid pace of 5G implementation and the increasing user-base. 23%, which is almost a quarter of total mobile connections will be running on 5G networks by 2025.

The global 5G fixed wireless access (FWA) market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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Top Featured Companies Dominating the Market

AT&T Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Ericsson
Hrvatski Telekom
Huawei
Mimosa Networks Inc.
Mobile Telephone Networks (MTN)
Nokia
Orange S.A.
Qualcomm Technologies
Samsung Electronics

In The News

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the 5G fixed wireless access market?

Ans: Increased adoption of advanced technologies such as machine-to-machine and Internet of Things are the key factors driving market growth.

2) What would be the CAGR of 5G fixed wireless access market over the forecast period?

Ans: The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

3) What are the challenges affecting the 5G fixed wireless access market growth?

Ans: High infrastructure costs and possibility of revenue reduction for telecommunication companies are estimated to hamper market growth.

4) Which region will provide more business opportunities for growth of 5G fixed wireless access market in future?

Ans: The market in Asia Pacific region will provide ample growth opportunities owing to the increasing IT infrastructure and internet penetration in the region.

5) Who are the major players dominating the 5G fixed wireless access market?

Ans: The major players dominating the 5G fixed wireless access (FWA) market are Nokia, Orange S.A., Qualcomm Technologies and Samsung Electronics among others.

6) How are the company profiles selected?

Ans: The company profiles are selected on the basis of revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the 5G fixed wireless access (FWA) market?

Ans: The market is segmented by offering, application and region.

8) Which segment under the application segment captures the largest market size in the 5G fixed wireless access (FWA) market?

Ans: With respect to application, the commercial segment is anticipated to hold the largest market share owing to the growing number of businesses and enterprises globally.