5G Fixed Wireless Access (FWA) Market

Market Leaders - 5G Fixed Wireless Access (FWA) Market

The 5G fixed wireless market is expected to grow from USD 396 million in 2019 to reach USD 46,366 million by 2026, at a CAGR of 97.47%. Major factors driving the growth of the 5G fixed wireless market are growing demand for high-speed internet connectivity and broad network coverage with reduced latency and power consumption, increasing adoption of advanced technologies such as machine-to-machine (M2M)/Internet of Things (IoT) and millimeter-wave in 5G FWA. However, delay in making decisions related to the standardization of spectrum allocation, high infrastructure costs, adverse impact on the environment are expected to limit the growth of this market.

The 5G fixed wireless access market is highly competitive with significant presence of multinational, domestics and start-up companies. Partnerships, agreements, and collaborations have been the key strategies adopted by players to increase their share in the 5G fixed wireless access market from 2016 to 2018. Partnerships, agreements, and collaborations accounted for a share of nearly 69% of the overall growth strategies.

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Founded in 1983 and headquartered in New York, US, Verizon Communications Inc. is well-known for its wide offerings in communications, information, and entertainment services in different verticals, such as consumers, businesses, and government. The company operates through 2 major business segments: Wireless and Wireline. Wireless communication products and services include wireless voice and data services and equipment sales, which are provided to business and government customers across the US. Wireline’s voice, data, and video communication products and enhanced services include broadband video and data services, corporate networking solutions, security and managed network services, and local and long-distance voice services. The company is focusing on launching 5G wireless technology-based products and developing the ecosystem for offering fixed and mobile 5G wireless services. The company is partnering with major players for the development of standards and fulfillment of next-generation wireless technology requirements. In November 2017, the company announced to commercially launch 5G wireless residential broadband services in 3 to 5 US markets in 2018.

Samsung Electronics is a leading developer and manufacturer of electronics and computer peripherals. The company is now emphasizing on the infotainment business—information, telecommunications, and audio & video, and lifecare business, including healthcare, environment and energy, and convenient services. Samsung is emerging as one of the promising players in the 5G FWA market. The company has a wide portfolio of commercial 5G products and solutions. For instance, the company has announced the launch of various 5G products, including 5G RFIC and ASIC modem chipsets, 5G home routers, 5G radio base stations, along with next-generation core base infrastructure. However, a sluggish roadmap for product launches and limited partnerships with OEMs/ODMs than that of its competitors are likely to slow down the company’s growth in the market.

Related Reports:

5G Fixed Wireless Access (FWA) Market by Offering (Hardware: Access Units & CPE, Services), Demography (Urban, Semi-Urban, Rural), Application (Residential, Commercial, Industrial, Government), and Region - Global Forecast to 2026

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Report Code
SE 6927
Published ON
Feb, 2019
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