- Growing demand for high-speed internet connectivity and broad network coverage with reduced latency and power consumption is one of the driving force.
- The semi-urban segment is dominating the market demographically.
- The services segment is dominating the 5G Fixed Wireless Access (FWA) market, by offering.
Global 5G Fixed Wireless Access (FWA) Market is expected to grow from $159.62 million in 2017 to $40 billion by 2025 at a CAGR of 99.5% during the forecast period from 2018-2025. 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.
Leading companies in the industry include Qualcomm Technologies, Nokia Corporation, Samsung Electronics, Huawei, Ericsson, Mimosa Networks, Inc., among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.
For instance, In April 2018, Siklu Inc. launched SmartHaul Wireless Network Design Engine (WiNDE) that accelerates time to deployment by automating complex mmWave network designs. WiNDE is part of a complete SmartHaul SaaS Application suite, including Financial Analysis Calculators and a Range Estimator tool. This suite of software apps gives customers the tools they need to plan a mmWave network from a business case perspective all the way to actual network design.
The offering segment is classified into hardware and services. The services segment is dominating the 5G Fixed Wireless Access (FWA) market and valued around $99.12 million 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.
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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 of 47.80% 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. Application segment includes residential, commercial, industrial and government. The residential segment is dominating the market and valued around $63.68 million in 2017. 5G fixed wireless is an ultimate substitute mainly for residential customers as users can get gigabits of speeds at a competitive price, with no installation issues.
Growing demand for high-speed internet connectivity and broad network coverage with reduced latency and power consumption is one of the driving force. Also, preference over millimetre-wave technology in 5G FWA is also fuelling the growth of the market. But its results in time-taking decision making related to standardization of spectrum allocation which may hamper the growth of the market. However, growing demand for IoT and cloud-based services and high priority on the development of 5G network should drive the industry growth in the coming years.