The next era of wireless technology 5G is expected to open new opportunities to life altering innovations. It shall allow new innovations to flourish and dramatically change the day-to-day lives of consumers. Major telecom giants are spending billions on upgradation of current network infrastructure and focused on implementation of new technologies in order to prepare for the next era of 5G fixed wireless access.
Transition towards 5G is gaining traction across the globe. This transition is majorly fueled by key steps being taken by the respective governments in the countries. Major countries focused on implementation and integration of 5G fixed wireless access include U.S., China, South Korea, Australia, India, and United Kingdom. In India, all industry stakeholders are actively involved in anattempt to commercially launch 5G at the earliest and telecom regulatory authority is simultaneously working on the spectrum plan for 5G focusing on global standardization.
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Increasing adoption of advanced technologies such asInternet of Things (IoT) and machine-to-machine (M2M) coupled with growing use of millimeter-wave technology for 5G fixed wireless access is expected to drive the market growth. According to the European Commission, 5G standards are one of the five priority areas under the Digitizing European Industry initiative. 5G happens to be a key asset for European competitiveness, sustainability and a major enabler for implementation of future digital services.
What are the Key Trends Impacting Growth of the 5G Fixed Wireless Access Market?
5G runs on the same radio frequencies that are presently being used by consumers for the smartphones, satellite communications and Wi-Fi networks, but it empowers technology to go a lot further. Companies like Qualcomm and Ericsson happen to be at the forefront forimplementing emerging technologies such as 5G, IoT, edge computing and cloud network infrastructure.5G fixed wireless access happens to be a lower cost wireless alternative for enhanced connectivity in comparison with the high costs of fiber deployment for broadband connectivity. One of the major trends driving the growth of 5G Fixed Wireless Accessmarket is the surge in demand high speed internet connectivity and need for broader internet coverage.
5G networks are expected to not only enable telecom companies to meet user demand for high speed data network, but also support high resolution video content along with AR/VR, while allowing telecom companies to counter the threat of OTT players who are greatly impacting telco revenues negatively in the past decade.
The increasing demand for higher speed internet across different age groups is anticipated to boost the market growth for 5G fixed wireless access across the globe.Moreover, growing adoption of connected devices, such as laptops, smartphones, and smart devices, across several residential and commercial applicationsis anticipated to further drive the demand for 5G fixed wireless access solutions.
What are the Key Challenges that may Restrain Growth of the 5G Fixed Wireless Access Market?
Higher infrastructure related costs is one of the major factors responsible for hampering the market growth. Increased investments is a necessity to upgrade existing networks to deploy 5G. 5G infrastructures are expected to change the existing communication methods.This involves replacement of existing components or installation of new ones such as gateways, access networks, and switches, among others,thus resulting in high capital requirements. Hence, along with high costs of infrastructures and the adverse impact of 5G technology on the environment are anticipated to hamper the growth of the 5G fixed wireless access market.
Competitive Landscape
Key players such as
- Nokia
- Samsung Electronics
- Huawei Technologies Co., Ltd.
- Ericsson, Mimosa Network, Inc.
- Siklu Communication
- Vodafone
- Verizon Communications Inc.
- Inseego
- CableFree
- Orange S.A.
- AT&T (US)
- TELUS Corporation
- Telefonica S.A.
- D-Link Corporation
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What are the Key Opportunities for 5G Fixed Wireless Access Manufacturers?
Increasing adoption of 5G networks across different business segments is expected to act as an opportunity for the growth of the 5G fixed wireless access market. The 5G fixed wireless access network provides data transmissions at high rate,lower latency, and consistent connectivity, which are beneficial for differentindustry verticals. For instance, in autonomous vehicles, the lower latency of 5G networks is critical for the implementation of safety systems while ensuring real-time vehicle-to-infrastructure and vehicle-to-vehicle communication.
Fixed wireless access technology is improving dramatically, while enabling much better performance and capabilities to match with wired communication. Some of the emerging technologies are leveraging development work LTE and 5G. Other spectrum bands also are emerging for fixed wireless access technology use, including TV white spaces and the citizens band radio service band among others.
Key Segments of 5G Fixed Wireless Access Market Covered in the Report
Based on offering:
- Hardware
- Services
Based on demography:
- Urban
- Semi-Urban
- Rural
Based on application:
- Residential
- Commercial
- Industrial
- Government
Based on the region:
- North America
- Latin America
- Europe
- South Asia& Pacific
- East Asia
- Middle East & Africa
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