5G Fixed Wireless Access Market 2019 Key Vendors, Development Status, Competitive Landscape, Growth, Emerging Technologies Regional Forecast To 2023
Jun 10, 2019
5G Fixed Wireless Access Market Research Report: by Offerings (Hardware and Services), Territory (Urban, Semi-Urban, Rural), Application (Residential, Commercial, Industrial, and Government) Region (North America, Europe, APAC) by Global Forecast till 2024
Pune, India - June 10, 2019 /MarketersMedia/ —
Market Synopsis
The global 5G fixed wireless access market is expected to grow from USD 400 million in 2019 to USD 7,553.87 million by 2024, at a CAGR of 70.75%, during the forecast period.
The 5G Fixed Wireless Access Market has been witnessing significant growth across the globe. The growth factors include an increase in demand for high-speed internet connectivity and the growing adoption of advanced technologies such as the Internet of Things (IoT) millimeter-wave in 5G FWA. Furthermore, the rise in adoption of connected devices, such as smartphones, laptops, smart devices, for commercial and residential applications drive the demand for 5G FWA services to support extended coverage with reduced latency.
By offerings, the market has been segmented into hardware and services. In 2019, the services segment was the largest contributor to the 5G fixed wireless access market and a similar trend is expected to be witnessed during the forecast period. By territory, the market has been segmented into urban, semi-urban, and rural. The semi-urban area segment is expected to grow at the highest CAGR during the forecast period owing to the growing demand for higher spectrum by the end-users and ease to replace wireline infrastructure with a new wireless network node.
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On the basis of application, the market has been segmented into residential, commercial, industrial, and government. The commercial segment is estimated to register the highest CAGR during the forecast period. However, the residential segment is estimated to dominate the market throughout the forecast period owing to its benefits such as economic viability and high-speed connectivity at a competitive pricing. As per the International Telecommunication Union data, nearly 970 million households across the globe have either no or poor fixed broadband connectivity which creates an opportunity for FWA deployments.
The key players profiled in the 5G fixed wireless access market research report are 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).
The major players constantly focus on growth strategies such as partnerships, mergers, acquisitions, and product launch to enhance their product offerings and expand their market reach. For instance, in October 2019, Verizon Communications Inc. launched 5G Home mmWave fixed–wireless access service in the US. This launch has enabled the company to expand its broadband footprint further to complement its existing FiOS FTTH deployment.
Key players
The prominent players in the 5G fixed wireless access market are 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), Cisco Systems, Inc. (US), Cohere Technologies, Inc. (US), Arqiva (Hampshire), Cellular South, Inc. (C Spire) (US), Orange SA (France), United States Cellular Corporation (US), Telus Corporation (Canada), Telefónica (Spain), Mobile Telephone Networks (MTN) (South Africa), Swisscom (Switzerland), and Hrvatski Telekom (Croatia).
Segmentation
5G fixed wireless access market has been segmented based on offering, territory, application, and region.
By offering, the market has been segregated into hardware and services.
On the basis of territory, the market has been segmented into urban, semi-urban, and rural.
By application, the market has been segmented into residential, commercial, industrial, and government.
By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Regional analysis
The global market for 5G fixed wireless access market is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographical analysis of the 5G fixed wireless access market is done for North America, Europe, Asia-Pacific, and the rest of the world.
North America, followed by Europe, is expected to dominate the 5G fixed wireless access market from 2019 to 2024 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.
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Competitive Analysis
The current focus of key market players is on the launch of 5G wireless technology-based products so as develop a strong ecosystem for offering fixed and mobile 5G wireless services. These players have opted for partnerships and new product launches as their key organic growth strategy to further strengthen their market position. In 2019, C Spire collaborated with Mimosa Networks to design a 5G fixed wireless solution that further extends the broadband internet access service coverage in Mississippi.
Intended Audience
• Device manufacturers
• Network Operators
• Distributors
• Suppliers
• Research firms
• Software Developers
• Commercial Banks
• Vendors
• Semiconductor Manufacturers
• End-user sectors
• Technology Investors
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Source: MarketersMedia
Release ID: 521924
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