Global 5G Fixed Wireless Access Market growing at a healthy CAGR of 99.5% from 2019 to 2025
January 08, 2020 (prsubmission) Fior Markets launched a study titled “5G Fixed Wireless Access (FWA) Market by Offering (Hardware, Services), Demography, Application (Residential, Commercial, Others), Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.”
The global 5G Fixed Wireless Access (FWA) market is expected to grow from USD 159.62 Million in 2017 to USD 39,998.1 Million by 2025 at a CAGR of 99.5% during the forecast period from 2018-2025.The key contributing factor for the market growth are growing need for high-speed internet connectivity and broad network coverage with reduced latency and power consumption and high use of advanced technologies such as Machine-To-Machine (M2M)/Internet of Things (IoT).
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The services segment is dominating the market with the highest share of 62.10% in 2017.
The offering segment is classified into hardware and services. The services segment is dominating the 5G Fixed Wireless Access (FWA) market in 2017. The services segment is expanding at a high pace as 5G FWA is likely to enhance network performance capabilities and deliver high-speed network coverage compared to currently used connectivity networks. Also, higher implementation of connected devices, such as smartphones, laptops, and smart devices, in several commercial and residential applications is also boosting up the growth of the market.
The semi-urban segment valued around USD 76.29 Million in 2017.
Demography segment is divided into segments such as urban, semi-urban and rural. The semi-urban segment is dominating the market with the highest share in 2017. In suburban areas and urban areas, the higher spectrum is required, whereas rural areas can use lower frequencies for FWA services. This impacts the growth of the segment
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America is dominating the market with the highest share of 40.10% in 2017.North America is dominating the market as the US is considered to have the highest user base, and a similar trend which is expected to continue with the addition of new subscribers. Also, there is high 5G implementation in the region which is anticipated to increase on-demand video services.
The major players of market include Qualcomm Technologies, Nokia Corporation, Samsung Electronics, Huawei, Ericsson, Mimosa Networks, Inc., Cohere Technologies, Inc., Siklu Communication, Ltd., AT&T Inc., Verizon Communications Inc., Cisco, Arqiva, Cellular South, Inc. (C Spire), Orange S.A., United States Cellular Corporation, TELUS Corporation, Telefónica, Mobile Telephone Networks (MTN), Swisscom, and Hrvatski Telekom.For instance, In May 2018, FARO Technologies made a strategic minority investment in present4D GmbH, which is a leading software solutions provider for professional virtual reality (VR) presentation and training environments. This partnership will drive the adoption of virtual reality solutions across a broad spectrum of business and industrial applications.
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