The global 5G fixed wireless access market size is expected to grow from USD 29.4 billion in 2023 to USD 153.0 billion by 2028, at a CAGR of 39.0% during the forecast period. The market is flourishing globally due to technological advancements ranging from LTE to 5G, enabling the offering of broadband services to residential customers and SMEs on a large scale with low connection latency.

The market is segmented by offering (hardware, service), operating frequency (sub 6GHz, 24-39 GHz, above 39 GHz), demography (urban, semi-urban, rural), application (residential, commercial, industrial, government), and region (North America, Europe, APAC, RoW).

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The service segment is expected to dominate the market with the largest revenue share over the forecast period. North America is projected to hold the largest market share, while Asia Pacific is expected to grow the fastest during the forecast period.

Key players in the market include Huawei, Telefónica, Ericsson, Nokia, AT&T, Telus, Samsung, Inseego, Orange, Qualcomm, Intel, and MediaTek. These companies are implementing various strategies such as mergers, acquisitions, partnerships, and new product development to expand their market presence.

How does the market size of 5G fixed wireless access vary by region?

The 5G fixed wireless access market size varies significantly by region:

North America
1. North America is projected to hold the largest market share
2. The region is dominating the market with more than 32.5% market share over the forecast period, owing to rapidly increasing 5G infrastructure investments

Asia Pacific (APAC)
1. APAC is expected to grow the fastest during the forecast period
2. Rising demand from emerging economies such as China, Japan, India, and South Korea is propelling the region's 5G fixed wireless access market growth, owing to the region's fastest-growing and leading industrialized economies
3. According to GSMA, there will be 400 million 5G connections in the Asia Pacific by 2025

Europe
Europe is expected to have a significant market share

Rest of World (RoW):
RoW is expected to have a smaller market share compared to North America, Europe, and APAC

In summary, North America is projected to have the largest market share, while Asia Pacific is expected to grow the fastest during the forecast period. Europe will also have a significant market presence, while the Rest of World region will have a smaller share of the global 5G fixed wireless access market.