The evolution of 5G is likely to take fixed wireless access services to a new level with the use of a wide range of radio spectrum owing to which consumers can achieve major capacity gains and low-latency connectivity. 5G FWA is likely to enhance network performance capabilities and deliver high-speed network coverage compared to currently used connectivity networks. Further, increasing adoption of connected devices, such as smartphones, laptops, smart devices, in several commercial and residential applications, such as distance learning, autonomous driving, multi-user gaming, video conferencing, live streaming, telemedicine, and augmented reality is expected to generate the demand for 5G FWA services to achieve extended coverage.
5G fixed wireless access provides internet access to both commercial and residential users. The 5G fixed wireless access instead of fixed lines, uses wireless mobile network technology. It allows for the establishment of a rapid and reasonable broadband service.
Image Credit: 5gfixedwireless
Demand for strong internet connectivity with lower power consumption is playing a vital role in driving the growth of 5G fixed wireless access market. Moreover, the lump sum amount of investments are made by the IT & telecommunication sector to ensure greater connectivity. This factor also helps in driving the growth of 5G fixed wireless access market. Nevertheless, an increase in demand for advanced cloud-based services is expected to benefit players operating in the 5G fixed wireless access market.
The global 5G fixed wireless access market is segmented on the basis of component and application. Based on component, the market is segmented into access units and customer premises equipment (CPE) devices. On the basis of application, the 5G fixed wireless access market is segmented into commercial and residential.
In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.
Cohere Technologies, Inc.
Cisco Systems, Inc.
Mimosa Networks, Inc. (Airspan Networks Inc.)
Huawei Technologies Co., Ltd.
Qualcomm Technologies, Inc.
Samsung Electronics Co., Ltd. (Samsung)
Telefonaktiebolaget LM Ericsson
5G fixed wireless is an ideal alternative mainly for residential customers as users can get gigabits of speeds at a competitive price, with no installation issues. There are more than 2 billion families across the world. Observing the current industry trend, less than half of the families are likely to opt for a fixed copper or fiber broadband connection by 2023. In many countries, it is not economically viable to build a fixed broadband infrastructure. Based on ITU data, the addressable market can be close to 1 billion households, with either no or poor fixed broadband connectivity.