5G Fixed Wireless Access Market Size, Trends & Growth (2021 - 2026)
Fixed wireless access allows connection between two fixed locations or buildings using wireless communication devices or systems. Wireless communication devices or systems perform fixed wireless operation with a radio or other wireless links. Typically, the fixed wireless connection is part of a wireless LAN infrastructure. The main purpose of a fixed wireless link is to allow data communication between two sites or buildings.
The global 5G fixed wireless access market is estimated to record a stunning compound annual growth rate of about 135.9% during the outlook period of 2021 to 2026. The growth of the 5G fixed wireless access market is expected to be driven by the increased capacity of the wireless network and the high speed offered by high-frequency millimeter waves. Millimeter waves occupy a relatively unused portion of the electromagnetic spectrum between 30 GHz and 300 GHz, providing excellent performance and increased capacity.
Recent Developments:
IMPACT OF COVID-19 ON 5G FIXED WIRELESS ACCESS MARKET:
As governments in different countries declare states of emergency due to the spread of COVID 19, companies are increasingly adopting a work-from-home culture to keep their businesses operational and allow employees to follow the guidelines. Trends such as working from home, social distancing, and online education are driving the growth of the 5G fixed wireless access market. Although the pandemic has slowed down the efforts of the global wireless industry to formulate different standards and organize trade shows related to wireless communication, the technology is being used to combat the impact of Coronavirus in different industries and countries. The spread of COVID-19 has slowed down investment in fixed wireless 5G due to delays in 5G rollout plans by telecom operators. The commercial sector, which includes hospitality, real estate and retail, is severely affected by this pandemic, as governments in several countries around the world have announced full closures at the national level to contain the spread. This resulted in the suspension of activities at points of sale, restaurants, hotels and construction activities. However, the impact of Coronavirus on the 5G used in these sectors is not high as most of the installations in these sectors rely on wired communication technologies.
Drivers and Restraints of 5G Fixed Wireless Access Market:
Drivers:
Some of the main factors that are supposed to drive the growth of the global 5G fixed wireless access market include the growth in demand for high-speed internet connectivity and broad network coverage with reduced latency and power consumption and an increased adoption of advanced technologies such as machine-to-machine (M2M)/Internet of Things (IoT) and millimeter waves in 5G FWA. A 5G solution is capable of delivering speed in gigabits per second. 5G can provide a download speed of around 25Gbps. This speed is 10-20 times faster than 4G speed. Therefore, due to faster speeds and low latency, this technology competes directly with fiber-type or high-speed broadband access networks. Furthermore, the growth in demand for high-speed internet connectivity is expected to drive the growth of the 5G fixed wireless access market. Additionally, the increasing adoption of advanced technologies such as machine-to-machine (M2M) and the Internet of Things (IoT) are some of the other factors driving the 5G fixed wireless access industry. In addition, the increase in data traffic would force network operators to provide high-speed bandwidth to their consumers. Therefore, since 5G provides more bandwidth than 4G and 3G, the 5G fixed wireless access market is likely to grow.
Restraints:
However, high infrastructure costs can hamper this industry growth. Also, the delay in decision-making related to the standardization of spectrum allocation, high infrastructure costs and adverse environmental effects are expected to slow the growth of the global 5G fixed wireless access market during the projection period.
5G Fixed Wireless Access Market Segmentation:
By Application
The commercial fragment is relied upon to record the most elevated CAGR during the conjecture time frame. Nonetheless, the private portion is relied upon to rule the market during the gauge time frame because of its points of interest, for example, monetary suitability and rapid network at a serious cost. According to data from the International Telecommunication Union, nearly 970 million households worldwide have poor or no fixed broadband connectivity, creating an opportunity for FWA deployments.
By Offering:
In 2019, the services segment was the main contributor to the global 5G fixed wireless access market and a similar trend is expected to be observed over the forecast period. By territories, the market has been segmented into urban, semi-urban and rural.
By Operating Frequency:
The sub-6 GHz frequency segment is foreseen to record the highest share in the 5G fixed wireless access market by 2026. The main difference between the sub-6 GHz and MMWave bands is their difference in coverage terms and domestic penetration. MMWave tapes have a low coverage footprint due to their RF properties. Frequencies in this band cannot penetrate solid objects such as walls. MMWave requires more sites than sub-6 GHz to provide similar coverage. For example, based on simulations conducted by Kumu Networks, the 26 GHz spectrum is estimated to require 7 to 8 times more sites than the 3.5 GHz spectrum.
By Demography:
In terms of value, the semi-urban segment is estimated to account for the largest share of the 5G fixed wireless access market in 2026. The growth of this segment can be attributed to the fact that in semi-urban areas, the population density is low. Therefore, these areas require significantly high investments to connect subscribers to a network through wired infrastructures.
Because of high force transmissions/gatherings and progressed antenna innovations, remote connections can adequately arrive at rustic zones with no significant development as just the base station and gear should be introduced at the client premises.
5G Fixed Wireless Access Market Region wise analysis:
Marked Segmentation based on the region:
a. Middle East
b. Africa
North America, trailed by Europe, is relied upon to overwhelm the 5G FWA market from 2021 to 2026 because of the presence of cutting-edge IT foundation, the high centralization of market major parts in the district, and the accessibility of skillful specialized mastery. In North America, the United States is assessed to have the most noteworthy CAGR because of the fast speed of 5G rollout and developing client base.
Key Players of Market:
Telefonaktiebolaget LM Ericsson (Sweden), Samsung Electronics (South Korea), AT&T Inc. (US), Huawei Technologies Co., Ltd (China), Qualcomm Technologies (US), Verizon Communications Inc. (US), Nokia Corporation (Finland), Siklu Communication, Ltd (Israel), Mimosa Networks, Inc. (US), and Cisco Systems, Inc. (US).
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 5G Fixed Wireless Access Market, By Offering
6.1.1 Hardware
6.1.2 Services
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 5G Fixed Wireless Access Market, By Application
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.2.4 Government
6.2.5 Market Size Estimations & Forecasts (2021-2026)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 5G Fixed Wireless Access Market, By Operating Frequency
6.3.1 Sub–6 GHz
6.3.2 26 GHz–39 GHz
6.3.3 Above 39 GHz
6.3.4 Market Size Estimations & Forecasts (2021-2026)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
6.4 5G Fixed Wireless Access Market, By Demography
6.4.1 Urban
6.4.2 Semi-Urban
6.4.3 Rural
6.4.4 Market Size Estimations & Forecasts (2021-2026)
6.4.5 Y-o-Y Growth Rate Analysis
6.4.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Offering
7.2.3 By Application
7.2.4 By Operating Frequency
7.2.5 By Demography
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Offering
7.3.3 By Application
7.3.4 By Operating Frequency
7.3.5 By Demography
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Offering
7.4.3 By Application
7.4.4 By Operating Frequency
7.4.5 By Demography
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Offering
7.5.3 By Application
7.5.4 By Operating Frequency
7.5.5 By Demography
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Offering
7.6.3 By Application
7.6.4 By Operating Frequency
7.6.5 By Demography
8. Key Player Analysis
8.1 Samsung Electronics
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 AT&T Inc
8.3 Huawei Technologies Co., Ltd
8.4 Qualcomm Technologies
8.5 Telefonaktiebolaget LM Ericsson
8.6 Verizon Communications Inc
8.7 Nokia Corporation
8.8 Siklu Communication, Ltd
8.9 Mimosa Networks, Inc
8.10 Cisco Systems, Inc.
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
