According to the report by Expert Market Research (EMR), the global 5G Fixed Wireless Access Market Size reached a value of USD 29.71 billion in 2023. Aided by the widespread deployment of 5G networks and the growing demand for high-speed internet connectivity, the market is projected to further grow at a CAGR of 39.5% between 2024 and 2032 to reach a value of USD 594.56 billion by 2032.5G FWA represents a cutting-edge wireless communication technology that offers high-speed internet access to residential and business customers through wireless mobile network technology, bypassing the need for traditional wired connections. It is poised to revolutionise broadband services by providing an efficient, cost-effective, and rapid deployment alternative to fibre optics and cable infrastructures. The inherent flexibility and scalability of 5G FWA make it an ideal solution for bridging the digital divide in underserved or hard-to-reach areas, fostering inclusive digital growth.
The 5G fixed wireless access market growth is driven by several key factors. Firstly, the rising demand for faster and more reliable internet connectivity, fuelled by the increasing consumption of bandwidth-intensive applications such as streaming services, online gaming, and remote work, is a significant growth driver. As 5G technology promises unprecedented speeds and lower latency, 5G FWA emerges as a compelling broadband solution that meets these evolving consumer expectations.
Get a Free Sample Report with a Table of Contents: bityl.co/S0Zv
Secondly, the global push towards digital transformation across industrial sectors necessitates robust internet infrastructure. 5G FWA offers a quick-to-deploy solution that can support a wide range of applications, from IoT deployments and smart city initiatives to telehealth services and remote education, further propelling 5G fixed wireless access market expansion. Bridging the digital divide by expanding internet access to rural and remote areas is a critical trend shaping the 5G FWA market. Given its ability to deliver high-speed broadband without the need for extensive wired infrastructure, 5G FWA is seen as a viable solution for connecting underserved communities.
Moreover, the technological advancements in 5G infrastructure, including enhanced spectral efficiency, massive MIMO (Multiple Input Multiple Output) technology, and improved network slicing capabilities, have significantly improved the business case for 5G FWA. As per the 5G fixed wireless access market analysis, these innovations not only enhance network performance and capacity but also extend the reach and reliability of wireless broadband services.
Competitive Landscape of 5G Fixed Wireless Access Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global 5G fixed wireless access market. Some of the major players explored in the report by Expert Market Research are as follows:
Samsung Electronics Co., Ltd.
Huawei Technologies Co., Ltd.
Telefonaktiebolaget LM Ericsson
Nokia Corporation
Inseego Corp.
Qualcomm Technologies, Inc.
Verizon Communications Inc.
Siklu Communications, Ltd.
CommScope, Inc.
Cohere Technologies Inc
Others