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; it is expected to grow at a CAGR of 39.0% from 2023 to 2028. Product launches, acquisitions, partnerships, collaborations, strategic alliances, and expansions are the major growth strategies adopted by the market players. These strategies have enabled them to efficiently fulfill the growing demand for 5G FWA from different end-user industries and expand their global footprint by offering products in all the major regions.
Key players operating in the 5G FWA market are 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).
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Ericsson (Sweden) is ranked first in the global 5G FWA hardware market because of its strong regional and application footprint. Almost 40% of the world’s mobile traffic is carried through Ericsson’s networks. In the 5G FWA market, the company works closely with various telecommunication companies to deploy 5G networks. It has developed a 5G radio prototype to support increased requirements for high-speed data transmissions. As per the company’s report, more than 100 million FWA connections will be insstalled at the end of 2022. The installed FWA connections in 2023 is expected to grow by threefold by 2028, reaching over 300 million. Out of these 300 million connections, 5G FWA connections are expected to account for 235 million by 2028, representing almost 80% of the total FWA connections.
Huawei (China) is ranked second in the global 5G FWA hardware market. The company provides open, flexible, and secure ICT infrastructure platforms to organizations for high-level connectivity among devices, networks, and the cloud. It focuses on developing new solutions in the 5G fixed wireless access market using its research and development expertise. The company is carrying out the global deployment of 5G solutions increasingly. It successfully deployed over 190 mobile bearer networks in more than 100 countries worldwide. It has research and development centers in 21 countries, including China, the US, Canada, the UK, India, Russia, and Turkey.
Nokia (Finland) is ranked third in the global 5G FWA hardware market. The company’s FWA portfolio includes indoor and outdoor solutions that deliver similar fixed access performance with guaranteed bit rates and reliable coverage. The company’s FastMile solution considerably extends broadband reach. It maximizes broadband system capacity and provides guaranteed high throughput in large service areas in high-frequency bands ranging from 1.8 GHz to 3.7 GHz.
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
5G Chipset Companies
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