5G Fixed Wireless Access Market worth $153.0 billion by 2028

1. MarketsandMarkets Presents 5G Fixed Wireless Access Market worth $153.0 billion by 2028 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 https://www.marketsandmarkets.com/Market-Reports/5g-fixed-wireless-access-market-41266711.html

2. 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 growing at a CAGR of 39.0% during the forecast period according to a new report by MarketsandMarkets™. The increasing adoption of advanced technologies such as machine-to-machine (M2M) & IoT and the rising use of millimeter-wave technology for 5G FWA is expected to drive the growth of the 5G fixed wireless access market. However, the high costs of infrastructures and the adverse impact of millimeter-wave technology on the environment are restraints for market growth. Browse in-depth TOC on "5G Fixed Wireless Access Market" 135 – Tables 52 – Figures 217 – Pages

3. Growing use of millimeter-wave technology in 5G FWA The growth of the 5G fixed wireless access market is expected to be driven by the increased wireless network capacity and high speed offered by high-frequency millimeter waves. Millimeter waves occupy a relatively unused portion of the electromagnetic spectrum between 30 GHz and 300 GHz, which offers excellent throughput and increased capacity. The 5G fixed wireless access technology provides large bandwidth, high resolution, low interference, cost-efficiency, and high security. It enables the development of miniaturized components for use in several commercial applications. 5G fixed wireless access is expanding to fixed communication, medicine, remote sensing, and consumer electronics applications. This includes using millimeter waves for IPTV, a prospective replacement of the Wi-Fi Alliance standards (802.11n), and wireless video transmission. Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=41266711 Customer premise equipment (CPE) is expected to hold the highest market share during the forecast period. FWA broadband connections are set to surge, with 5G-enabled FWA lining up to be a major use case for driving adoption and bridging the digital divide challenge worldwide. Ericsson's most recent 5G Mobility report predicts FWA connections will grow 17% annually through 2028. The number of FWA connections is expected to reach 300 million by 2028, out of which 5G FWA will represent almost 80% of the total FWA connections. High-speed 5G-based FWA connections will drive most of that growth, through 4G LTE technology will remain an important connection source across developing countries until 2024. Higher volumes of 5G FWA in large, high-growth countries such as China can drive economies of scale for the overall 5G FWA ecosystem, resulting in affordable CPE that will positively impact low-income markets.

4. Industrial Application to hold the highest CAGR during the forecast period 5G FWA technology is expected to play an integral role in improving the overall performance of industries such as automotive and transportation, energy and utilities, and mining. IoT and M2M communication are the key technologies used in industrial automation. Applications based on these technologies require high-speed networking, low-latency communication, ultra-fast response times, and many simultaneously connected smart devices. 5G networks are the key enablers for the deployment of IoT as they provide a platform to connect all devices to the Internet using high-speed data transmission and process. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=41266711 5G FWA market in US for North America to hold the highest market share during the forecast period The US is one of the major adopters of advanced technologies and strives to implement automation technologies across end-user sectors. For instance, it is among the top three spenders on smart city initiatives. It is also among the top five countries in terms of investments in industrial automation. All these factors have resulted in the adoption of wired and wireless technologies. Most companies operating in the 5G FWA market in North America are based in the US. The strong economy and high disposable income have increased the demand for modern technologies in the country, which is expected to account for more mobile connections than 4G by 2025 and lay the groundwork for accelerated growth in the FWA broadband and IoT services sectors over the next three years.  

5. Key Market Players: • Nokia (Finland), Samsung Electronics (South Korea), Huawei Technologies (China), Ericsson (Sweden), Inseego (US), Verizon Communications (US), Siklu Communication (Israel), Vodafone (UK), CableFree (UK), CommScope (US), Gemtek Technology (Taiwan), Airspan Networks Holdings (US), Vantiva (France), Orange (France), Telus Corporation (Canada), AT&T (US), Telefonica (Spain), Swisscom (Switzerland), Hrvatski Telekom (Croatia), Singtel (Singapore), D-Link Corporation (Taiwan), Netgear (US), ZTE Corporation (China), Sunrise Communications AG (Switzerland), and T-Mobile US (US) are among the many players in the 5G FWA market. • 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.

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