As the requirement for high-speed internet with extensive network coverage and low latency surges, the 5G Fixed Wireless Access (FWA) Market shall experience an upward shift in its demand curve. Irrefutably, the telecommunications industry also suffered the lethal effects of COVID 19 as 5G rollouts and services were detained globally. The global supply chains came to a screeching halt and fell short of staff due to pandemics, hence delaying the deployment of 5G macrocells. However, this did not prevent the 5G Fixed Wireless Assets market from flourishing. As the world recovers from the shocks of the pandemic, several telecommunication providers have resolved to establish fresh infrastructure for decking up internet services. This could invariably ramp up demand across the 5G FWA market, opening up several growth opportunities for market aspirants. The COVID-19 pandemic has made remote work the ‘new normal’ which is further driving up demand for better connectivity across the globe.
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Use of Cutting-Edge Technologies Across Mega-Cities Deemed Crucial for Market Growth
Due to continuous advancement in ultra-modern technologies, the market demand for communication devices like smart streetlights, smart parking, and livestock monitoring is soaring high. This could be accomplished by using machine-to-machine (M2M) technology and Internet of Things (IoT) which helps in establishing long-range connectivity. Few proportionally new use cases for consumer electronics, automobile telematics, and point-of-sale (PoS) are added to 5G tech for good measure. Business assets and infrastructure management via fleet management solutions or advanced metering infrastructures alongside remote application monitoring and after-sales services support are expected growth boosters of the 5G fixed wireless access market.
Asia Pacific Supremacy in the 5G Fixed Wireless Access Market
Asia Pacific countries are leading in terms of market growth. The 5G fixed wireless access market in APAC further bifurcates to China, Japan, South Korea, India, and the rest of APAC. The region is booming with industrialized economies namely China, South Korea, and Japan. These regions dominate the entire world in terms of the evolution and adoption of cutting-edge technologies like IoT and M2M communication. Furthermore, the countries have shown remarkable development in building smart cities and carrying out industrial automation for connecting multiple devices dynamically and in real-time which ameliorates the system’s performance. Countries in Europe and North America could also witness a surge in demand in the times to follow. This assertion can be attributed to the investments directed towards improving telecommunications engineering and internet services.
Sovereign Marketers of 5G Fixed Wireless Access Domain
Some companies have demonstrated significant growth in the 5G FWA market, Nokia (Finland), Samsung Electronics (South Korea), Huawei Technologies Co., Ltd. (China), Ericsson (Sweden), Mimosa Network, Inc. (the US), Siklu Communication (Israel), Vodafone (UK), Verizon Communications Inc. (US), Inseego (US), and CableFree (UK) amidst other market players. Consistent planning and devising proper game plans for partnerships, contracts, product launches, collaborations, acquisitions have fostered their recognition internationally and aggrandized their whack in the 5G fixed access wireless market. Besides, the swelling demand for internet services, especially across the corporate and education sectors, is projected to create lucrative opportunities for market growth and expansion.
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Using larger ranges of the radio spectrum to provide consumers with low latency connectivity (1ms) and significant capacity gains, the evolution of 5G is expected to take FWA to a new level.According to Sachin Garg, Associate Vice President, Semiconductor and Electronics at MarketsandMarkets, “the market potential for 5G FWA is massive, and it is poised to disrupt broadband internet connectivity over the next few years by fundamentally restructuring fronthaul networks.
Although the technology is still in its early stages of development, telecommunication players have begun evaluating how they would harness telecom networks to generate business value and prepare for the new competitive realities that the technology would bring.
5G FWA is expected to have a massive impact on developed countries, such as the US, the UK, Germany, and Japan where there is a sizeable disparity in broadband accessibility between major cities and sparsely populated rural areas.The mobile industry has turned its head to find a new territory, and the most discussed “above 6 GHz band” for 5G today is 28 GHz, which has been permitted for use in the US and South Korea.
Countries such as the US, the UK, South Korea, and Japan have announced their 5G spectrum strategies, indicating that the period during 2018–2020 is the right time for the deployment of 5G commercial systems, using mmWave bands.Increasing demand for data services to drive 5G FWA marketFWA is the most cost-effective way of providing a broadband solution to customers compared to fiber connectivity.
More bandwidth is required to support the increasing data traffic.
In October 2018, Verizon launched a 5G FWA service in 4 US cities, namely, Houston, Indianapolis, Sacramento, and Los Angeles.5G FWA to have major impact in semi-urban and rural areasIn semi-urban areas, the density of population is sparse and, by definition, remote from central offices.
New York, NY 23 Feb 2021: The global 5G Fixed Wireless Access (FWA) market size is expected to reach USD 88.5 billion by 2027 according to a new study by Polaris Market Research.
The report “5G Fixed Wireless Access (FWA) Market Share, Size, Trends, Industry Analysis Report, by Offering (Hardware, Services); By Demography (Urban, Semi-Urban, Rural); By Application (Residential, Commercial, Industrial, Government) and Region; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
5G Fixed Wireless Access (FWA) enables the network providers/operators to offer extremely high speed broadband connection to even the rural and suburban areas, providing support to the businesses and home applications where the optic fiber proves to be highly expensive to install and maintain.
According to the Economic Times, January 2018 publication the rising demand for data is expected to fuel nearly 44% growth in the total number of wireline broadband subscribers across India over the forthcoming four years.
The result of the study illustrated that there’s substantial opportunity for the mobile operators to compete with the broadband service providers through their offering of 5G Fixed Wireless Access (FWA) to businesses and homes.
Market participants such as Arqiva, AT Inc., Cellular South, Inc. (Cspire), Cisco, Cohere Technologies, Inc., Ericsson, Hrvatski Telekom, Huawei, Mimosa Networks, Inc., Mobile Telephone Networks(MTN), Nokia, Orange S.A., Qualcomm Technologies, Samsung Electronics, Siklu Communication, Swisscom, Telefónica S.A., Telus Corporation, United States Cellular Corporation, and Verizon Communications Inc. are some of the key players operating in the global market.
