The size of the global market for 5G fixed wireless access is anticipated to reach USD 153.0 billion by 2028, growing at a compound annual growth rate (CAGR) of 39.0% from 2023 to 2028, from a predicted USD 29.4 billion in 2023.

Global demand for fixed wireless connectivity is increasing as a result of advances in technology, from LTE to 5G. Broadband services can be made widely available with low connection latency to small and medium-sized businesses (SMEs) as well as residential users through the use of fixed wireless access.

With the use of a broad spectrum of radio frequencies, 5G development is expected to elevate fixed wireless access to a new level. Customers should be able to benefit from significant capacity increases and low-latency connectivity as a result. Therefore, compared to current connectivity networks, 5G fixed wireless access is predicted to improve network performance capabilities and provide greater high-speed network coverage.

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During the projected period, 5G fixed wireless access services will have the largest market share.

It is anticipated that 5G FWA services will revolutionize the international telecommunications sector. Households in major nations including the US, Canada, China, South Korea, etc. now have access to these services. For example, T3 Broadband and Samsung worked together to develop 5G-capable Citizens Broadband Radio Service (CBRS) network solutions for Mercury Broadband, one of the top US rural high-speed Internet providers. Through the partnership, Mercury will be able to use CBRS to provide improved customer services and FWA internet connectivity in isolated, hard-to-reach places throughout many states. Additionally, Verizon has expanded the number of cities in which business customers may use 5G fixed wireless from three to twenty-four.

Asia Pacific's 5G fixed wireless access market is expected to grow at the fastest rate throughout the projected timeframe.

APAC as a whole is home to some of the world's fastest-growing and most advanced industrialized economies, including South Korea, Japan, and China. It is seeing rapid shifts in how new technology and innovations are adopted by various industries. By 2025, 400 million 5G connections are expected in Asia Pacific, according to GSMA. As 5G coverage grows throughout the Asia Pacific area, the percentage of connections using the technology is expected to increase. 14 nations currently have commercial 5G service accessible, and more—including Vietnam and India—are anticipated to follow suit in the upcoming years.

Market Dynamics:

Opportunity: Partnerships among platform and hardware providers, mobile operators, and system integrators in emerging economies

The 5G ecosystem comprises 5G component and product manufacturers, network infrastructure and platform providers, system integrators, and end users. Presently, partnerships/collaborations between hardware manufacturers and mobile network operators in the context of 5G are limited to the US, China, Japan, and some European countries. 5G application platform providers, hardware vendors, and mobile operators have established strategic partnerships with the leading system integrators to accelerate the development and commercialization of 5G products and technologies. The stakeholders in the market are increasingly investing in the development of fixed wireless access-related components and equipment to harness the market potential of fixed wireless access. They are forming strategic partnerships with other key players.

Challenge: Compatibility issues between traditional and 5G networks

The seamless shift from traditional networks to 5G fronthaul and backhaul networks is difficult to achieve. Usually, traditional fronthaul/backhaul networks are incompatible with the new, advanced fronthaul/backhaul equipment. This creates compatibility issues leading to increasing infrastructure-related costs and results in the reluctance of organizations to employ advanced technologies. However, startup companies who are vendors for OEMs and established players in 5G FWA industry are using highly efficient advanced fronthaul/backhaul solutions to design and develop new systems based on the requirements of their customers.