5G Fixed Wireless Access Market By Offering (Hardware, Service), Operating Frequency (Sub 6GHz, 24-39 GHz, Above 39 GHz), Demography (Urban, Semi-urban, Rural), Application and Region (North America, Europe, APAC, RoW) - Global Forecast to 2028

The global 5G FWA market is expected to be valued at USD 29.4 billion in 2023 and is projected to reach USD 153.0 billion by 2028; it is expected to grow at a CAGR of 39.0% from 2023 to 2028.

The market for fixed wireless access is flourishing globally owing to technological advancements ranging from LTE to 5G. The use of fixed wireless access enables the offering of broadband services to residential customers and small and medium-sized enterprises (SMEs) on a large scale with low connection latency.

The evolution of 5G is projected to take fixed wireless access to a new level using a wide range of radio spectrum. This is expected to enable consumers to achieve major capacity gains and low-latency connectivity. Thus, 5G fixed wireless access is anticipated to enhance network performance capabilities and offer more high-speed network coverage than existing connectivity networks.

Key Market Players
The 5G FWA market is dominated by players such as Nokia (Finland), Samsung Electronics (South Korea), Huawei Technologies (China), Ericsson (Sweden), Inseego (US), and others.

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The increasing adoption of connected devices, such as smartphones, laptops, and smart devices, in several commercial and residential applications, such as distance learning, autonomous driving, multiuser gaming, videoconferencing, and live streaming, as well as in telemedicine and augmented reality, is expected to support the demand for 5G fixed wireless access solutions to achieve extended coverage.

The 5G FWA market is expected to grow according to different spectrums used across different areas. For example, the higher spectrum would be favored in suburban and urban areas, while rural areas can use lower frequencies for FWA services. In semi-urban areas, "high band" millimeter wave (mmWave) spectrum such as 26GHz and 28GHz is mostly favored. 5G FWA will enable telecom operators to easily deliver high-speed mobile broadband services in semi-urban and rural areas. Laying fiber at every corner of the country can be a daunting task for telecom operators as it would take time and money. However, this can be avoided with 5G FWA.

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1 - 40%, Tier 2 - 25%, and Tier 3 - 35%
• By Designation: C-level Executives - 35%, Directors - 28%, and Others - 37%
• By Region: North America - 42%, Europe - 33%, Asia Pacific - 17%, RoW - 8%

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Recent Developments
• In November 2022, NBN, a major network provider in Australia, partnered with Ericsson to boost the FWA infrastructure in the country. The partnership made Ericsson the sole supplier of 4G and 5G radio access and microwave transport solutions. Deployed solutions will include Ericsson's 4G and 5G antenna-integrated radios across NBN's current and future spectrum bands and the latest Massive MIMO solutions.
• In November 2022, Vodafone announced the launch of 5G FWA services for homes and businesses across Spain. The company added that its 5G network would be available in 1,000 municipalities across Spain by the end of the year, reaching 46% of the population.
• In October 2022, Ericsson partnered with Jio to build India's first 5G Standalone network. As a part of this partnership, the company will deploy its 5G RAN products and solutions, and E-band microwave mobile transport solutions will be deployed in the 5G network for Jio to push FWA for home broadband users and businesses.
• In October 2022, Verizon added 5G Home and LTE Home FWA services to its Verizon Forward Program, extending that offer to customers nationwide via its LTE and 5G wireless network instead of limiting it to just those within its Fios' fiber footprint.
• In October 2022, Singtel partnered with Ericsson to deploy the Ericsson AIR 3268 to its 5G network, which is part of its net-zero emissions initiative. The partnership will help Singtel expand its 5G FWA coverage.
• In September 2022, Ericsson launched its new 5G radio solution, which offers a highly compact and flexible solution to expand 5G coverage cost-efficiently. Radio 6646 will expand the wide-area reach and outside-in coverage from rooftops and towers to indoor locations such as offices, basements, stores, and homes. It will also increase the capacity of 5G networks, especially when combined with mid-band TDD over Carrier Aggregation and 5G Standalone (5G SA).

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This release was published on openPR.