GVR Report cover 5G Fixed Wireless Access Market Size, Share & Trends Report

5G Fixed Wireless Access Market Size, Share & Trends Analysis Report By Offering (Hardware, Services), By Operating Frequency, By Demography, By Application, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68040-037-2
  • Number of Pages: 114
  • Format: Electronic (PDF)
  • Historical Range: 2019 - 2021
  • Industry: Technology

Report Overview

The global 5G fixed wireless access market size was valued at USD 23.78 billion in 2022 registering a CAGR of 39.9% from 2023 to 2030. The rising need for high-speed internet access, as well as the increased usage of innovative technologies such as the millimeter-wave and Internet of Things (IoT) in 5G fixed wireless access (FWA), are driving the market growth. 5G FWA technology uses the capabilities of 5G networks to offer high-speed internet services to households and businesses without the need for physical fiber connections. At the same time, the trend toward remote work and online learning is likely to boost the demand for high-speed internet access. This is projected to fuel additional expansion in the 5G FWA market as solution providers continue to explore cost-effective solutions to address the rising demand for high-speed internet access.

U.S. 5G Fixed Wireless Access Market size, by offering, 2020 - 2030 (USD Billion)

Numerous 5G FWA access solution providers are focusing on releasing advanced solutions to accommodate the rising demand from various consumers globally. For instance, in January 2023, Mavenir, a telecommunications software company, launched its Fixed Wireless Access (FWA) solution that supports 5G Non-Standalone (NSA), 5G Standalone (SA), and 4G deployments. Mavenir stated that its FWA system also supports massive Multiple Input Multiple Output (MIMO) radio technology and 5G millimeter-wave (mmWave) frequency bands. According to Mavenir, several clients, including RINA Wireless, 360 Communications, and Triangle Communications in the U.S., have implemented their FWA solution.

The expansion of 5G coverage is expected to drive the growth of the 5G FWA market. With the advent of 5G technology, FWA has become a popular option for delivering high-speed internet to homes and businesses in areas where fiber or cable infrastructure is limited. With 5G, wireless connectivity can be delivered at gigabit speeds, making it a viable alternative for wired broadband services. As 5G networks continue to expand and reach more users there will be an increase in the adoption of the 5G FWA technology, particularly in areas where wired infrastructure is limited or non-existent.

Private networks are becoming increasingly crucial for enterprises that need to ensure secure and reliable connectivity. With 5G FWA, enterprises can set up private networks that are not reliant on wired infrastructure, making them more flexible and easier to deploy. As a result, it is expected that there will be an increase in the adoption of 5G FWA for private networks, particularly in industries like manufacturing, logistics, and energy. Moreover, the integration of 5G FWA with edge computing is also expected to revolutionize industries like healthcare, manufacturing, and transportation and create new use cases for smart cities and homes.

The growth of the Internet of Things (IoT) and smart home devices also drives demand for high-speed broadband connectivity, thereby contributing to market growth. With 5G FWA, devices can be connected directly to the internet and communicate with each other in real time without the need for a wired connection. This creates a more connected and efficient home environment, where devices can communicate with each other to automate tasks and improve the user experience. Service providers are developing specialized 5G FWA packages for IoT and smart home devices to meet the unique needs of these markets. However, 5G FWA technology can be expensive to deploy, particularly for service providers who need to build out new infrastructure, which is a significant factor that is expected to impact the market growth.

COVID-19 Impact Analysis

The COVID-19 pandemic had a significant impact on the 5G FWA market. With the pandemic leading to widespread remote work and distance learning, the demand for high-speed broadband connectivity has increased significantly. This has created new opportunities for the 5G FWA solution providers, as the technology offers an alternative to wired broadband services that can be deployed quickly and easily. In particular, 5G FWA has been used to provide connectivity to remote and rural areas, and as a backup solution for enterprises that require reliable and secure connectivity.

Offering Insights

The services segment dominated the market in 2022 and accounted for more than 64.0% share of the global revenue owing to the global upgrade of cellular communication networks to cope with the rising demand for the internet. With the increasing proliferation of data-intensive applications and the rise of the Internet of Things (IoT), businesses and consumers are demanding faster and more reliable connectivity. The low latency and high bandwidth of 5G FWA networks make them an ideal solution for meeting these demands, and service providers are rapidly expanding their offerings to meet this demand. In addition to basic connectivity, service providers are offering value-added services, such as cloud-based services which can be accessed remotely, enterprise connectivity, IoT services, and more. As these services become more widespread, the services segment of the 5G FWA market is expected to grow and account for a substantial market share in the future.

The hardware segment is projected to witness remarkable growth over the forecast period. Improved Customer Premises Equipment (CPE) and access units are an important trend driving the growth of the hardware segment in the 5G Fixed Wireless Access (FWA) market. CPE refers to the hardware devices that are located on the customer's premises, such as modems or routers, and are used to connect to the 5G FWA network. Hardware manufacturers are investing in developing improved CPE to meet the needs of consumers and businesses. Additionally, the ability of the CPEs to integrate with smart home features to control smart home devices, such as thermostats, security cameras, and lighting, is a significant factor driving the segment's growth.

Operating Frequency Insights

The Sub-6 GHz segment dominated the market in 2022 and accounted for more than 49.0% share of the global revenue. The ability of the Sub-6 GHz operating frequency to offer enhanced coverage through obstacles like buildings and walls more effectively and offer better connectivity for indoor and outdoor environments is a major factor driving the segment growth.Sub-6 GHz spectrum has better propagation characteristics, which is particularly important for indoor coverage, where higher frequency bands can struggle to provide consistent and reliable signal strength. Moreover, by using the Sub-6 GHz operating frequency for 5G FWA deployments, network operators can provide high-speed, low-latency internet connectivity to remote areas without the need for extensive fiber infrastructure.

The 24-39 GHz segment is anticipated to emerge as the fastest-growing segment over the forecast period. The rising demand for high bandwidth availability for better internet connectivity is a major factor driving the segment growth. The 24-39 GHz operating frequency offers higher bandwidth compared to the Sub-6 GHz spectrum which means that it can provide faster internet speeds and support a greater number of devices simultaneously. Moreover, the 24-39 GHz spectrum has lower latency which makes them important for applications that require real-time responsiveness, such as online gaming and video conferencing.

Demography Insights

The urban segment dominated the market in 2022 and accounted for more than 55.0% share of the global revenue. Several factors such as increasing demand for high-speed broadband, growing adoption of smart city initiatives, rising number of connected devices, and advancements in the 5G technology are the major factors driving the growth of the 5G FWA solutions in urban areas. With the increasing reliance on internet-based services, the demand for high-speed broadband in urban areas has significantly increased. Moreover, as the number of connected devices is expected to increase significantly in the coming years, particularly in urban areas, 5G FWA solutions can support a large number of connected devices, which is essential for applications such as the Internet of Things (IoT) and smart home automation.

The semi-urban segment is projected to exhibit the highest CAGR over the forecast period owing to the adoption of online education by students and e-commerce by consumers to gain better educational and shopping facilities. Students in semi-urban areas require high-speed internet access to participate in virtual classrooms and access educational resources. 5G FWA solutions can provide a reliable and fast internet connection, which is essential for online learning. At the same time, the rising adoption of e-commerce is on the rise in semi-urban areas, which has created a need for reliable internet access, making it an ideal option for consumers who need to shop online. Such factors bode well for the growth of the segment over the forecast period.

Application Insights

The residential segment dominated the market in 2022 and accounted for more than 34.0% share of the global revenue. Factors such as the growing adoption of smart home technology, the rise in remote work and telecommuting, and the rising demand for high-speed broadband are the major factors contributing to the segment growth. As more people rely on internet-based services for work, entertainment, and communication, there is a growing demand for high-speed broadband in residential areas. 5G FWA provides faster internet speeds and more reliable connectivity than traditional wired broadband services, making it an attractive option for residential consumers. Such factors bode well for the growth of the segment in the forecast period.

Global 5G Fixed Wireless Access market share, by application, 2022 (%)

The commercial segment is expected to rise significantly over the forecast period. The growing advancements in IoT technology and the growing adoption of video conferencing solutions is a significant factors driving the segment growth. As businesses rely more on cloud-based services, the demand for high-speed internet is growing. 5G FWA can provide faster internet speeds and more reliable connectivity than traditional wired broadband services, making it an attractive option for commercial consumers, Moreover, due to the rise of remote work, the use of video conferencing is becoming more common in commercial applications. 

Regional Insights

North America dominated the market in 2022 and accounted for more than 28.0% share of the global revenue. Rising investments in 5G infrastructure is a major factor driving regional growth. North America is seeing significant investments in 5G infrastructure, including the deployment of small cells, fiber-optic cables, and other network components. Moreover, the North American government is supporting the deployment of 5G technology through various initiatives and policies aimed at improving network infrastructure. Such factors bode well for the region's growth over the forecast period.

5G Fixed Wireless Access Market Trends by Region

The Asia Pacific segment is anticipated to emerge as the fastest-growing segment over the forecast period. Factors such as the large and rapidly growing population, rising adoption of 5G technology, and the growing demand for e-commerce and digital services are major factors driving the segment growth. Asia Pacific region has a fast-growing e-commerce market and a growing demand for digital services, such as online gaming, streaming services, and social media. 5G FWA can provide the high-speed internet required for these services, making it an attractive option for consumers in the region.

Key Companies & Market Share Insights

Major market players are investing heavily in R&D to expand their product lines, which will aid in the growth of the 5G fixed wireless access market. Market participants are also expanding their global presence through a variety of strategic activities such as new product releases, contractual agreements, mergers and acquisitions, higher investments, and cooperation with other companies. To develop and thrive in a more competitive and expanding market environment, competitors in the 5G Fixed Wireless Access business must offer cost-effective products.

Several companies in the 5G FWA market are forming partnerships and collaborations with other players in the industry. This can help to leverage each other's strengths and resources and enable them to offer more comprehensive and integrated solutions to customers. Companies are also expanding their presence in new geographic regions to tap into new markets and increase their customer base. This can involve partnerships with local players, investment in network infrastructure, and targeted marketing campaigns. Some of the prominent players in the global 5G fixed wireless access market include:

  • Huawei Technologies Co., Ltd.

  • Telefonaktiebolaget LM Ericsson

  • Nokia

  • Samsung

  • Inseego Corp.

  • Qualcomm Technologies, Inc

  • Intel Corporation

  • MediaTek Inc.

  • COMMSCOPE

  • Verizon Communications Inc.

5G Fixed Wireless Access Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 32.70 billion

Revenue forecast in 2030

USD 342.83 billion

Growth rate

CAGR of 39.9% from 2023 to 2030

Base year of estimation

2022

Historical data

2019 - 2021

Forecast period

2023 - 2030

Quantitative units

Revenue in USD million, Volume in Thousand Units, and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company market share, competitive landscape, growth factors, and trends

Segments covered

Offering, operating frequency, demography, application, region

Regional scope

North America; Europe; Asia Pacific; South America; MEA

Country scope

U.S.; Canada; Mexico; U.K.; Germany; France; China; India; Japan; South Korea; Brazil.

Key companies profiled

Huawei Technologies Co., Ltd.; Telefonaktiebolaget LM Ericsson; Nokia; Samsung; Inseego Corp.; Qualcomm Technologies, Inc; Intel Corporation; MediaTek Inc.; COMMSCOPE; Verizon Communications Inc.

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global 5G Fixed Wireless Access Market Segmentation

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the industry trends in each of the sub-segments from 2019 to 2030. For this study, Grand View Research has segmented the global 5G fixed wireless access market report based on offering, operating frequency, demography, application, and region.

  • Offering Outlook (Revenue, USD Million; Volume, Thousand Units, 2019 - 2030)

    • Hardware

      • Customer Premises Equipment (CPE)

        • Indoor CPE

        • Outdoor CPE

      • Access Units

        • Femto Cells

        • Pico Cells

    • Services

  • Operating Frequency Outlook (Revenue, USD Million; Volume, Thousand Units, 2019 - 2030)

    • Sub-6 GHz

    • 24-39 GHz

    • Above 39 GHz

  • Demography Outlook (Revenue, USD Million; Volume, Thousand Units, 2019 - 2030)

    • Urban

    • Semi-Urban

    • Rural

  • Application Outlook (Revenue, USD Million; Volume, Thousand Units, 2019 - 2030)

    • Residential

    • Commercial

    • Industrial

      • Oil & Gas

      • Mining

      • Utility

      • Others

    • Government

  • Regional Outlook (Revenue, USD Million; Volume, Thousand Units, 2019 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • U.K.

      • Germany

      • France

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • South America

      • Brazil

    • Middle East & Africa

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