Press release
Steady Expansion Forecast for 5G Fixed Wireless Access Market, Projected to Reach $45.96 Billion by 2029
5G Fixed Wireless Access
5G Fixed Wireless Access Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for 5G fixed wireless access has experienced a surge in its expansion over the past few years. There will be an upswing from $10.66 billion in 2024 to $19.85 billion in 2025, marking a compound annual growth rate (CAGR) of 86.3%. Factors contributing to this growth during the historical period include the growing embrace of 5g networks, a rise in Internet users, advancements in wireless technology, and robust economic development in emerging markets.
5G Fixed Wireless Access Market Size Forecast: What's the Projected Valuation by 2029?
Anticipated to experience a significant expansion in the coming years is the 5G fixed wireless access market, with its valuation projected to reach $45.96 billion by 2029, growing at a compound annual growth rate of 23.4%. Factors contributing to this surge during the forecast period include the rise in smart homes, government policies, an increase in IoT devices, growing access to mobile devices, and broader internet reach. Key trends during this period include innovation in product creation, the shift towards software-as-a-service, latest technological progression, the evolution of 5G radio technology, and strategic alliances and partnerships.
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What Are the Drivers Transforming the 5G Fixed Wireless Access Market?
The growth of the 5G fixed wireless access market is set to be powered by the expanding use of 5G networks. As the fifth iteration of mobile data technology, 5G is engineered to substantially elevate the speed and versatility of wireless networks. The advent of 5G enables mobile technology to match the requirements of fixed-line networks as well as their pricing structures. Future Networks, a telecommunications firm based in the UK, predicts that by 2025, 5G will commandeer 1.2 billion connections. In addition, vXchnge, a provider of data centers and colocation services based in the US, foresees that by 2024, 5G networks will encompass 40% of the globe and be responsible for 25% of all mobile traffic data. Consequently, this surge in the uptake of 5G networks propels the advancement of 5G fixed wireless access.
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What Long-Term Trends Will Define the Future of the 5G Fixed Wireless Access Market?
Firms within the 5G fixed wireless access market are investing in product development and innovation to bolster their standing within this sector. Take for example, Qualcomm Technologies, Inc., a U.S. based multinational that specializes in designing and producing digital wireless telecommunications products and services. In February 2022, they unveiled the Qualcomm 5G Fixed Wireless Access Platform Gen 2, equipped with more advanced features and capabilities. They are intending to implement a new Qualcomm 5G RF Sensing Suite and provide support for standalone 5G mmWave communication as part of their upgrade plans. These two novel functions are expected to drive the application of FWA and its rollout, underlining Qualcomm Technologies' consistent leadership in the sector's widespread uptake of 5G mmWave.
Which Segments in the 5G Fixed Wireless Access Market Offer the Most Profit Potential?
The 5G fixed wireless access market covered in this report is segmented -
1) By Offering: Hardware, Services
2) By Demography: Urban, Semi-Urban, Rural
3) By End-User: Residential, Commercial, Industrial, Government
Subsegments:
1) By Hardware: 5G Routers, Antennas and Modems, Network Interface Cards (NICs), CPE (Customer Premises Equipment) Devices
2) By Services: Installation Services, Network Management Services, Maintenance and Support Services, Consulting and Planning Services
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Which Firms Dominate the 5G Fixed Wireless Access Market by Market Share and Revenue in 2025?
Major companies operating in the 5G fixed wireless access market include Telefonaktiebolaget LM Ericsson, Nokia Corporation, Qualcomm Technologies, Samsung Electronics, Intel Corporation, Cisco Systems, Inc, Huawei Technologies, Siklu Communication Ltd., Mimosa Networks Inc, Cablefree, Singtel Optus Pty. Ltd, Bharti Airtel, Rakuten Mobile, Zte Corporation, Deutsche Telekom Ag, Swisscom Ag, Telefónica,Sa, Orange Sa, Vodafone Uk, Veon Ltd, Hrvatski Telekom (T-Hrvatski Telekom), Megafon, Inseego, Verizon Communications Inc, Commscope, Cohere Technologies Inc, United States Cellular Corporation, C Spire, Telefonica Brasil, Telecom Argentina, T-Mobile, América Móvil, Ooredoo Group, Etisalat Uae, 21st Century Technologies Ltd, Dreamlabs Nigeria Ltd, Excelsimo Networks Ltd, Galaxy Backbone Plc, Ipnx Nigeria Ltd, Liquid Intelligent Technologies, Mainone, Medallion Communications Inc, Mtn Group, Rack Centre Ltd.
Which Regions Offer the Highest Growth Potential in the 5G Fixed Wireless Access Market?
North America was the largest region in the 5G fixed wireless access market in 2024. Europe was the second largest market in the 5G fixed wireless access market. The regions covered in the 5g fixed wireless access market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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