Global 5G Fixed Wireless Access Market by Offering (Hardware and software), By Application, By Demography, By Operating Frequency, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

In 2023, the global 5G fixed wireless access (FWA) market accounted for USD 24.6 billion and will reach USD 411.5 billion by 2032.. Between 2023 and 2032, this market is estimated to register a CAGR of 38%.

The market is growing due to the increasing demand for high-speed internet access as well as the increased use of cutting-edge technologies like millimeter-wave and the Internet of Things (IoT) in 5G fixed wireless access. Without the usage of a physical fiber connection, 5G technology makes use of the potential of 5G networks to provide high-speed internet service to homes as well as businesses.

The popularity of online learning and remote employment is also projected to increase demand for high-speed internet connection. This is expected to encourage further growth in the 5G FWA market as solution providers look for more affordable ways to meet the growing demand for high-speed internet access.

Note: Actual Numbers Might Vary In The Final Report

The market for 5G FWA is anticipated to develop as 5G coverage spreads. FWA has grown in popularity as a means of providing high-speed internet to homes and businesses in places with sparse fiber or cable infrastructure since the introduction of 5G technology. Wireless access can now be offered at gigabit speeds thanks to 5G, making conventional broadband services obsolete. The adoption of 5G FWA technology will rise as 5G networks continue to develop and expand to more customers, especially in regions with sparse or nonexistent wired infrastructure.

Key Takeaways

• Market Growth:  In 2022, the global 5G fixed wireless access (FWA) market accounted for USD 17.8 billion, projected to reach USD 411.5 billion by 2032, with a staggering CAGR of 38%.
• Driving Factors: The rising use of online learning and remote work due to the COVID-19 pandemic has significantly increased the demand for high-speed internet connectivity.
• Restraining Factors: The high deployment cost due to expensive infrastructure can be challenging for many customers, potentially impeding market expansion.
• By Offering Analysis:  The service segment dominated the market in 2022, holding a 62% market share, driven by the increased demand for internet services.
• By Application Analysis: Residential segments held a significant share of 38% in the 5G FWA market due to rising adoption of smart home technologies and rising demand for fast broadband access.
• By Demography Analysis: Urban markets dominated the market with 57% share, driven by increasing demand for high-speed broadband connections and implementation of smart city programs.
• By Operating Frequency Analysis: The Sub-6 GHz segment held the largest share in the operating frequency segment, with 49.5% market share, owing to its better propagation properties for indoor coverage and steady connectivity.
• Growth Opportunities: The growing demand for IoT and smart home applications presents a significant opportunity for the 5G FWA industry, as it can provide the necessary bandwidth and low latency for these applications to operate effectively.
• Latest Trends: The growing usage of cloud-based solutions for network management and maintenance is a notable trend in the 5G FWA industry, providing enhanced flexibility and cost-effectiveness for telecommunications providers.

Driving Factors

The Rising Use of Online Learning, as well as Remote Work Owing to The COVID-19 Pandemic, Is Another Factor Driving the Market for 5G FWA.

In the upcoming years, it is anticipated that the worldwide 5G fixed wireless access market would experience rapid expansion. A wireless broadband technology called 5G FWA gives users access to high-speed internet via radio waves. The adoption of 5G FWA is anticipated to increase quickly due to the rising demand for high-speed internet connectivity, especially in locations without traditional wired broadband.

In comparison to standard wired internet, the technology has many benefits, including quicker installation, better scalability, and reduced prices. The global 5G FWA market is anticipated to increase as 5G technology is increasingly adopted by a variety of sectors, including manufacturing, healthcare, and automotive.

The rising use of online learning as well as remote work owing to the COVID-19 pandemic is another factor driving the market for 5G FWA. There is a growing need for high-speed internet connectivity as more people want to work and study from home. Traditional wired internet services have an effective rival in 5G FWA, especially in locations where existing infrastructure cannot keep up with demand.

Restraining Factors

The Cost of the Expensive Infrastructure Needed to Operate 5G Networks Is Frequently Passed On to The End Customers.

In the upcoming years, the market for 5G fixed wireless access is anticipated to expand significantly, but several restraints can prevent the industry from growing. The high deployment cost is one of the key elements. The cost of the expensive infrastructure needed to operate 5G networks is frequently passed on to the end customers. This makes it challenging for many customers to adopt the technology, which could impede market expansion.

The regulatory environment is another barrier to the growth of the global 5G fixed wireless access market. The development and uptake of 5G networks can be heavily impacted by regulations, and many nations have yet to set clear standards for the technology. Businesses are left in the dark as a result, and 5G network deployment may be delayed.

By Offering Analysis

The Service Segment Accounted for the Largest Revenue Share in the 5G Fixed Wireless Access Market in 2022.

Based on the offering, the market is segmented into hardware and service. The service segment dominates the 5G fixed wireless access market with a 62% market share. Because cellular communication network has been upgraded globally to keep up with the growing demand for the Internet.

Businesses as well as consumers are looking for faster as well as more dependable connectivity due to the rise of the Internet of Things and the proliferation of data-intensive applications.  Service providers are quickly increasing their products to fulfill this demand since 5G FWA networks are the appropriate answer due to their low latency and high bandwidth. Service providers provide value-added services in addition to basic connectivity, including enterprise connectivity, Internet of Things services, and cloud-based services that can be accessed remotely.

The Hardware Segment is Fastest Growing Type Segment in 5G Fixed Wireless Access Market.

The hardware segment is projected as the fastest-growing sports segment in the 5G fixed wireless access market. from 2023 to 2032. In the 5G Fixed Wireless Access market, improved Customer Premises Equipment (CPE) and access units are key trends propelling the growth of the hardware segment.

When connecting to the 5G FWA network, CPE stands for customer premises equipment. Examples of CPE include modems and routers. To suit the needs of consumers and businesses, hardware manufacturers are investing in creating better CPE.

By Application Analysis

The Residential Segment Holds the Significant Share of the Application Segment in the 5G Fixed Wireless Access Market.

Based on application, the residential segment dominates the 5G fixed wireless access market with a 38% market share. The main drivers of segment growth include things like the expanding use of smart home technologies, the rise in telecommuting as well as remote work, and the rising demand for high-speed broadband.

There is an increasing need for high-speed broadband in residential areas as more people rely on internet-based services for business, communication as well as leisure. In comparison to typical wired broadband services, 5G FWA offers faster internet speed as well as more dependable connectivity making it a desirable choice for residential customers.

Note: Actual Numbers Might Vary In The Final Report

Commercial Segment is Fastest Growing Format Segment in the 5G Fixed Wireless Access Market.

The commercial segment is projected as the fastest-growing sports segment in the 5G fixed wireless access market. from 2023 to 2032. Owing to growing usage of video conferencing solutions and IoT technology advances are key reasons for the segment’s expansion. High-speed internet is becoming more and more necessary as businesses increasingly rely on cloud-based services.

Commercial consumers may find 5G FWA to be a more appealing alternative than traditional wired broadband services since it can offer faster internet speed and more dependable connectivity. Additionally, as the usage of remote work increases, video conferencing is being used more frequently in business settings.

By Demography Analysis

The Urban Segment Holds the Significant Share of the Demography Segment in the 5G Fixed Wireless Access Market.

Based on demography, the urban segment dominates the 5G fixed wireless access market with a 57% market share.  The development of the 5G FWA solution in the urban area is primarily driven by several factors, including growing demand for high-speed broadband, increasing adoption of smart city programs, and the increase in the number of connected devices as well as improvement in 5G technology.

Owing to the growing reliance on internet-based services, there is a huge growth in demand for high-speed broadband in urban areas. 5G salutation can handle a large number of connected devices, which is necessary for applications like the Internet of Things as also smart home automation as the number of linked devices is predicted to expand considerably in the future years, particularly in urban areas.

Semi-Urban Segment is Fastest Growing Format Segment in the 5G Fixed Wireless Access Market.

The semi-urban segment is projected as the fastest-growing sports segment in the 5G fixed wireless access market. from 2023 to 2032, due to customers using e-commerce and online purchasing to get better educational and retail opportunities. To engage in virtual classes and access educational resources, students in semi-urban areas need high-speed internet access.

Online learning requires a dependable and quick internet connection, which 5G FWA solutions can offer. At the same time, semi-urban areas are increasingly adopting e-commerce, which has increased the demand for dependable internet access, making it a perfect choice for customers who need to purchase online. These elements are encouraging for the segment’s growth during the projection period.

By Operating Frequency Analysis

The Sub-6 GHz Holds the Significant Share in the Operating Frequency Segment in the 5G Fixed Wireless Access Market.

Based on operating frequency, Sub-6 dominates the 5G fixed wireless access market with 49.5 market share, a significant aspect influencing the segment growth is the Sub-6 GHz operating frequency’s capacity to provide expanded coverage through walls as well as buildings more effectively and to provide better connectivity for both indoor and outdoor areas.

Better propagation properties of the sub-6 GHz spectrum are crucial for indoor coverage because higher frequency bands sometimes struggle to deliver steady and dependable signal strength. Additionally, network operators can offer high-speed, low-latency internet connectivity to remote locations without the requirement for a significant fiber infrastructure by employing the Sub-6 GHz operating frequency for 5G FWA deployments.

Key Market Segments

Based on Offering

• Hardware
• Service

Based on Application

• Residential
• Commercial
• Industrial
• Government
• Other Application

Based on Demography

• Urban
• Semi-Urban
• Rural

Based on Operating Frequency

• Sub-6 GHz
• 24-39 GHz
• Above 39 GHz

Growth Opportunity

The growing demand for IoT and smart home applications is a potential opportunity for the 5G FWA industry.

The growing demand for high-speed internet service is one of the main key factors in the growth of the 5G FWA. Consumers as well as organizations are looking for faster and more dependable internet connections due to the growth of online streaming services, e-commerce, also other bandwidth-intensive applications. The COVID-19 pandemic and the rising popularity of remote work and online learning have both contributed to the need for high-speed internet access.

The growing demand for IoT and smart home applications is another potential opportunity for the 5G FWA industry. The need for high-speed internet connectivity will increase as more gadgets are connected to the internet. The bandwidth and low latency needed for IoT and smart home applications to operate correctly can be provided by 5G FWA.

Additionally, the 5G FWA market offers telecom operators a chance to diversify their sources of income. Telecom providers are searching for new sources of income due to the heightened competition in the telecom sector. With the help of 5G FWA, telecom operators will be able to offer their consumers new services and apps and generate additional money.

Latest Trends

The Growing Usage of Cloud-Based Solutions for Network Management and Maintenance Is Another Trend.

Significant growth has been observed in the global 5G Fixed Wireless Access market in recent years. FWA is a broadband access solution that uses 5G technology to provide homes as well as businesses with high-speed internet connectivity without the use of physical wires. The market is growing due to rising demand for high-speed internet connectivity, IoT device adoption also developments of smart cities.

The development of 5G networks by telecommunications firms to offer clients high-speed broadband access is one of the major themes in the 5G FWA market. To increase their market, share and provide clients with high-speed connectivity, the major industry participants are making significant investments in the creation of 5G networks.

The growing usage of cloud-based solutions for network management and maintenance is another trend in the 5G FWA industry. The cloud-based system has improved flexibility, scalability as well as cost-effectiveness, among other advantages. Telecommunications providers are turning to cloud-based solutions to operate their networks more effectively and also offer a better client experience as the demand for high-speed internet connectivity increases.

Regional Analysis

North America Accounted for the Largest Revenue Share in 5G Fixed Wireless Access Market in 2022.

North America is dominating the market with a 30% market share. Rising 5G infrastructure investments are a key driver of regional prosperity. Significant investment is being made in 5G infrastructure in North America, including the installation of small cells, fiber-optic cable as well as other network elements.

Governments are encouraging the use of 5G technology through many projects and regulations aimed at enhancing network architecture. Such elements are encouraging for the region’s progress during the anticipated period.

Note: Actual Numbers Might Vary In The Final Report

Asia-Pacific is Expected as Fastest Growing Region in Projected Period in 5G Fixed Wireless Access Market.

Major factors influencing segment growth include the large and quickly expanding population, the increased adoption of 5G technology, and the rising demand for e-commerce and digital services. Online gaming, streaming service, and social networking are among the rapidly expanding digital service that is in demand in the Asia Pacific region. The high-speed internet needed for these services can be provided via 5G FWA, making it a desirable choice for customers in the area.

Key Regions and Countries Covered in this Report:

• North America
  • The US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Russia
  • Netherland
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • New Zealand
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Key Players Analysis

Several businesses in the 5G FWA sector are collaborating and developing alliances with other market participants. By utilizing one another’s assets and strengths, they may provide customers with more complete and integrated solutions.

To access new markets and broaden their consumer base, businesses are also increasing their geographic presence. This may entail joint ventures with regional participants, investments in network infrastructure, and focused advertising efforts.

Market Key Players

• Huawei Technologies Co Ltd
• Telefonaktiebolaget LM Ericsson
• Nokia
• Samsung
• Inseego Corp
• Qualcomm Technologies Inc.
• Intel Corporation
• MediaTek Inc.
• COMMSCOPE
• Verizon Communications Inc.
• Other Key Players

Recent Developments

• In February 2023, A memorandum of understanding (MoU) was signed by Australia’s National Broadband Network and Ericsson, opening the door for more cooperation in fixed wireless telecommunications research, development, and innovation. According to the terms of the exclusive agreement, Ericsson will provide nbnTM with cutting-edge technology essential to enabling 5G in many current towers across the nbnTM Fixed Wireless network.
• In April 2022, In partnership with Qualcomm Technologies, Inc. and Inseego, UScellular launched its 5G mmWave high-speed internet service in certain areas of ten cities. High-speed internet access is wirelessly delivered to clients’ homes or businesses by the Inseego WavemakerTM FW2010 outdoor 5G CPE, which is powered by the Qualcomm 5G Fixed Wireless Access Platform Gen 1 with Snapdragon X55 5G Modem-RF System.

Report Scope