The 5G fixed wireless access market is valued at USD XX million in 2020 and is expected to reach USD 86.669 billion by 2027; it is expected to grow at a compound annual growth rate of 135.9% from 2021 to 2027.
MarketDigits’ newly added 5G fixed wireless access market research provides detailed product prospects and elaborates on the market review before 2027. The market research is segmented by key areas that accelerate marketization. Currently, the market is expanding its influence, and some of the main participants in the study are Samsung Electronics, Qualcomm Technologies, Nokia, and Mimosa Networks. The research is a perfect combination of qualitative and quantitative market data collected and verified mainly through primary data and secondary sources.
This report studies the scale of the 5G fixed wireless access market, industry status and forecast, competitive landscape and growth opportunities. This research report categorizes the 5G fixed wireless access market by company, region, type, and end-use industry.
Request a sample copy of this report @ https://marketdigits.com/5g-fixed-wireless-access-market/sample
In the “5G fixed wireless access market, through the provision of (hardware, services), operating frequencies (below 6 GHz, 26 GHz-39 GHz, and above 39 GHz), demographics (urban, semi-urban, rural), applications (materials) Internet of Things (IoT), Broadband Internet, Pay TV), End Users (Residential, Commercial, Industrial, Government) and Geography-Global Forecast 2027″. Early purchasers will get 10% of learning customization.
In order to gain an in-depth understanding of the scale of the 5G fixed wireless access market, the competitive landscape is provided, that is, the company’s (2018-2020) revenue analysis (in millions of dollars), the player’s segmented revenue market share (%) (2018-2020), and Further qualitative analysis of market concentration, product/service differences, new entrants and future technology trends.
Unlock new opportunities in the 5G fixed wireless access market; MarketDigits’ latest release highlights key market trends that are important to growth prospects, letting us know whether we need to consider any specific players or list of participants to gain better insights.
Increasing adoption of advanced technologies such as machine-to-machine (M2M) and Internet of Things (IoT), as well as the increasing use of millimeter wave technology in 5G fixed wireless access, is expected to drive the growth of the 5G fixed wireless access market . However, the high cost of infrastructure and the adverse impact of millimeter wave technology on the environment have become factors restricting the growth of the 5G fixed wireless access market.
Due to the spread of COVID 19, governments in different countries have declared a state of emergency, and companies are increasingly adopting a work-from-home culture to maintain business operations and enable employees to comply with social distancing guidelines. Trends such as working from home, social distancing, and online education are driving the growth of the 5G fixed wireless access market. Although the pandemic has slowed the global wireless industry’s efforts to develop different standards and launch trade shows related to wireless communications, the technology is being used to combat the impact of COVID-19 on different industries and countries.
Driving factor: Urgent need for high-speed Internet connection and extensive network coverage to reduce latency and power consumption
The past decade has witnessed many improvements in network connectivity and related services. Many small and medium-sized enterprises that aim to fully control their connections and provide multi-carrier support to their customers at the same time require fast networks capable of high-speed data transmission. 5G network technology can provide enough bandwidth to support the ever-increasing data traffic. It provides capacity and high-speed data services that are 10 to 100 times that of 3G and 4G networks. Therefore, the growing demand for high-speed broadband services is expected to drive the growth of the 5G fixed wireless access market in the near future.
The evolution of 5G is expected to use a wide range of radio frequency spectrum to elevate fixed wireless access to a new level. This is expected to enable consumers to realize major capacity gains and low-latency connections. Therefore, compared with existing connected networks, 5G fixed wireless access is expected to enhance network performance and provide high-speed network coverage.
The adoption rate of interconnected devices such as smartphones, laptops and smart devices in remote learning, autonomous driving, multi-user games, video conferencing and real-time streaming, as well as telemedicine and augmented reality, is increasing. It is expected that there will be a demand for 5G fixed wireless access solutions to achieve extended coverage.
Reducing latency and low power consumption are the most critical parameters that are expected to drive the growth of the 5G fixed wireless access market. Self-driving cars are mission-critical applications that require lower latency (approximately 1 millisecond at high speed) compared to 4G networks (approximately 50 milliseconds). Low latency is one of the most critical network requirements in IoT applications such as industrial automation, intelligent transportation systems, and real-time professional audio. 5G is expected to meet the requirements of these applications by providing high-speed connections (10 Gbps throughput) and low latency (1 millisecond).
According to a report by the European Commission (November 2019), broadband devices account for approximately 21% of the total energy consumption of the global ICT industry. This power consumption is mainly driven by the radio access network. Therefore, 5G systems are designed to be energy-efficient to reduce this carbon footprint.
Limitations: high infrastructure costs and the possibility of reduced revenues for telecom companies
5G infrastructure is expected to change existing communication methods. Although 5G infrastructure is still in its infancy, many companies and government agencies support the development and deployment of 5G technology by increasing investment in research and development activities.
Upgrading existing networks to 5G requires increased investment. This involves replacing existing components or installing new components, such as access networks, gateways, switches, and routing components, leading to high capital requirements. Small service providers face difficulties in making such high investments. In addition, service providers are eager to deploy 5G to provide their customers with new low-cost services, which are expected to reduce the main source of revenue (voice) for telecom companies. This in turn has led to the reluctance of telecommunications companies to invest in new technologies that may reduce revenue.
5G fixed wireless access networks provide high-speed data transmission rates, low latency and consistent connectivity, and are suitable for all walks of life. For example, in self-driving cars/connected cars, the low latency of 5G networks is essential for implementing safety systems and ensuring real-time vehicle-to-vehicle and vehicle-to-infrastructure communications. In smart cities, there are dense arrays of wireless sensors that can be used for a variety of services and applications, from environmental and pollution monitoring to safety monitoring, traffic management, and smart parking.
Therefore, 5G networks play an indispensable role in meeting the different requirements of the multiple connected devices and many sensors that have been deployed. In the field of healthcare, the deployment and use of 5G networks is expected to become a revolutionary step. For example, in emergencies, 5G networks can help the public obtain telemedicine services and emergency care providers. Therefore, the increasing adoption of 5G networks in different business areas is expected to become an opportunity for the growth of the 5G fixed wireless access market.
It is expected that massive MIMO will play a key role in the 5G fixed wireless access market. They are expected to be the key enablers and basic components of a fully operational 5G network. One of the key roles of any 5G network is to handle the massive increase in data usage, and MIMO is the perfect technology to meet this requirement. However, the complexity of MIMO systems presents design and assembly-related challenges in the form of reciprocity errors, low signal-to-interference ratio (SIR), high energy consumption, and increased channel coherence time.
The MIMO system consists of multiple antennas that simultaneously transmit and receive data through a specific radio channel. All these antennas are closely clustered together, especially at high frequencies. In turn, this creates a thermal challenge while generating large amounts of RF power (up to 5 W in some cases) and heat dissipation, thereby reducing the overall performance of the MIMO system.
It is estimated that by 2026, the sub-6 GHz frequency band will occupy the largest share in the 5G fixed wireless access market. In terms of quantity, the main difference between the sub-6 GHz frequency band and the millimeter wave frequency band is the difference in their coverage and Indoor penetration. Due to its radio frequency characteristics, the coverage of the millimeter wave frequency band is very small. The frequencies in this band cannot penetrate solid objects such as walls. Millimeter waves require more sites than below 6 GHz to provide similar coverage. For example, based on simulations run by Kumu Networks, it is estimated that the 26 GHz spectrum requires 7 to 8 times more sites than the 3.5 GHz spectrum. The operator’s 5G deployment strategy is to use sub-6 GHz to provide extensive urban and nationwide coverage, and to use millimeter wave dense deployment in high-traffic dense cities and urban areas and suburban pockets to provide higher broadband capacity. Due to the broadband density and the large spectrum available, millimeter wave clusters provide a higher capacity range than sub-6 GHz clusters. In addition, millimeter waves can easily achieve this dense deployment due to their small coverage. Therefore, most telecom operators and 5G fixed wireless access equipment manufacturers are commercially launching products that support the sub-6 GHz frequency range.
In terms of value, the semi-urban segment is expected to occupy the largest share of the 5G fixed wireless access market by 2026. The growth of this segment can be attributed to the sparse population density in semi-urban areas. Therefore, these areas require a lot of investment to connect users to the network through wired infrastructure. With high-power transmission/reception and advanced antenna technology, wireless links can effectively reach rural areas without any major construction, and only need to install base stations and user premises equipment. In some cases, operators need to provide temporary coverage in areas with little or no demand for Internet connections; for example, ski resorts in winter. Fixed wireless access is a flexible, fast and cost-effective solution that can meet rural/temporary Internet needs.
The 5G fixed wireless access market is dominated by a few world-renowned companies, such as Huawei (China), Ericsson (Sweden), Nokia (Finland), Samsung Electronics (South Korea), Inseego (USA), Siklu Communication, Ltd. (Israel), Mimosa Networks, Inc. (United States), Vodafone (United Kingdom), Verizon Communications Inc. (United States) and CableFree (United Kingdom).
The study categorizes the 5G fixed wireless access market based on product, operating frequency, demographics, regional and global applications.
any problem? Consult here before purchasing @ https://marketdigits.com/5g-fixed-wireless-access-market/analyst
MarketDigits is one of the leading business research and consulting companies, helping clients discover new and emerging opportunities and income fields, thereby assisting them in operational and strategic decisions. We at MarketDigits believe that the market is a small place, an interface between suppliers and consumers, so our focus is still mainly on business research including the entire value chain, not just the market.
We provide users with the most relevant and beneficial services to help companies survive in this highly competitive market. We have conducted detailed and in-depth analysis of the market that meets the strategic, tactical, and operational data analysis and reporting needs of various industries, using advanced technology to enable our customers to better understand the market and identify profitable opportunities and increase revenue field of.