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% from 2019 to 2026

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Mar 04, 2019, 17:04 ET

NEW YORK, March 4, 2019 /PRNewswire/ -- 5G fixed wireless access market projected to grow at 97.47% CAGR during 2019–2026
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% from 2019 to 2026. Major factors driving the growth of the 5G fixed wireless access market include 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) and millimeter-wave in 5G FWA. However, factors such as delay in making decisions related to the standardization of spectrum allocation, high infrastructural costs, adverse impact on the environment are expected to limit the growth of this market.

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Services segment to grow at significant rate among offerings in 2019
5G FWA services will be a game changer in the telecom industry. These services will be commercialized in 2019 in a few countries, such as the US, the UK, Germany, and Japan. Already, in October 2018, Verizon launched 5G FWA services in 4 major cities in the US, namely, Houston, Indianapolis, Los Angeles, and Sacramento. The company is offering a 3-month free trial period before paying USD 70 per month (or USD 50 per month for existing Verizon customers) and the promise of no data caps. These customers will also receive a free Apple TV 4K or Google Chromecast Ultra device at installation.

Semi-urban areas to account for largest share of 5G fixed wireless access market by 2026
In semi-urban areas, the density of population is sparse and, by definition, remote from central offices.Hence, it requires significantly high investment to connect a subscriber with the network via wireline infrastructure.

With high power transmission/reception and advanced antenna technologies, wireless links can effectively reach rural, outskirt areas without major construction work (i.e., only base stations and customer premises equipment need to be installed).

Residential application is major contributor to 5G fixed wireless access market
Currently, the focus of all major vendors in the 5G FWA market is to target residential customers, and over a three-fourth share of the total 5G FWA market is likely to be captured by residential users.For instance, in February 2017, Mimosa launched fixed wireless internet architectures called urban MicroPoP and rural GigaPoP, featured with Mimosa's new proprietary Spectrum Reuse Synchronization (SRS) technology.

The company's 5G MicroPop and GigaPoP solutions represent the first commercially viable 5G solution for residential areas.

North America to witness highest growth during forecast period
North America is one of the leading markets for 5G in terms of R&D, network design/deployment, and presence of key players.In North America, the US is considered to have the most engaged user base, which is expected to grow with new subscribers.

Full-fledged 5G implementation in North America is expected to boost on-demand video services.In the current scenario, the market for such services is continuously growing.

The proliferation of 5G networks in the region is increasing mainly due to the presence of key market players. For instance, Qualcomm Technologies (US), Mimosa Networks, Inc. (US), Cohere Technologies, Inc. (US), Cellular South, Inc. (C Spire) (US), TELUS Corporation (Canada), United States Cellular Corporation (US), AT&T Inc. (US), Verizon Communications Inc. (US), Cisco (US) are among a few major companies in the 5G market that are actively participating in the development of 5G FWA solutions.
In the process of determining and verifying the market size for several segments and subsegments gathered through the secondary research, extensive primary interviews have been conducted with key industry experts in 5G fixed wireless access marketspace. The break-up of primary participants for the report has been shown below:
• By Company Type: Tier 1 – 59%, Tier 2 – 21%, and Tier 3 – 20%
• By Designation: C-Level Executives – 55%, and Managers – 45%
• By Region: North America – 42%, Europe – 33%, APAC – 17%, and RoW – 8%

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) are a few major players in the 5G fixed wireless access market.

Research Coverage:
This research report categorizes the global 5G fixed wireless access market on the basis of offering, demography, application, and geography. The report describes major drivers, restraints, challenges, and opportunities pertaining to the 5G fixed wireless access market and forecasts the same till 2026.

Key Benefits of Buying the Report

The report would help leaders/new entrants in this market in the following ways:
1. This report segments the 5G fixed wireless access market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities pertaining to the market.
3. The report helps stakeholders to understand the value-chain of the 5G fixed wireless access market, along with recent case studies.
4. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The Competitive Landscape section includes product launches, product developments, research and development activities, and grow strategies such as collaborations and partnerships.

Read the full report: https://www.reportlinker.com/p05749167

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