The 5G fixed wireless access market is projected to reach from USD 277 million in 2019 to USD 86,669 million by 2026; it is expected to grow at a CAGR of 135.9% from 2020 to 2026. Increasing adoption of advanced technologies such as machine-to-machine (M2M) and Internet of Things (IoT) and rising use of millimeter-wave technology for 5G fixed wireless access are expected to drive the growth of the 5G fixed wireless access market. However, the high costs of infrastructures and the adverse impact of millimeter-wave technology on the environment act as restraints for the growth of the 5G fixed wireless access markets.
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Increased demand for 5G fixed wireless access networks from different industries, Surged demand for IoT and cloud-based services, and increased focus on development of 5G networks are creating opportunities for the 5G fixed wireless access market. Some of the key companies operating in the market are Nokia (Finland), Samsung Electronics (South Korea), Huawei Technologies Co., Ltd. (China), Ericsson (Sweden), Mimosa Network, Inc. (US), Siklu Communication (Israel), Vodafone (UK), Verizon Communications Inc. (US), Inseego (US), and CableFree (UK)and so on.
Huawei Technologies Co., Ltd. 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. The company also works with different industry partners to promote 5G-enabled networks. By collaborating with partners in the 5G fixed wireless access ecosystem, it strives to inspire innovations in organizations. Huawei Technologies Co., Ltd. has built over 1,500 networks in collaboration with various telecom operators. The company, along with its partners, serves government and public utilities, as well as enterprise customers in finance, energy, transportation, and manufacturing sectors.
Ericsson is a global provider of telecom services and equipment. It operates globally through 4 business segments—Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment offers mobile and fixed communication products and solutions. The Digital Services segment offers software and services for monetization and management systems (OSS/BSS), telecom core (packet core and communication), cloud and network function virtualization (NFV) infrastructures, and application development and modernization. Ericsson has adopted the strategies of agreements and collaborations to work with the key industry players and develop 5G products. For instance, it collaborated with Malaysia-based Celcom Axiata Berhad to deploy 5G networks in Malaysia. The company developed a 5G NR prototype to support its 5G networks. Ericsson has its presence in almost all regions worldwide.
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Nokia is one of the leading companies offering networking and telecommunications equipment in the world. It has a presence in over 100 countries. The company addresses the requirements of mobile and cable operators through its fixed access product portfolio, IP routing solutions, and optical networks. The fixed wireless access portfolio of Nokia is expected to connect rural and suburban areas. This portfolio includes both indoor and outdoor solutions that deliver similar fixed access performance with guaranteed bit rates and reliable coverage. The company has 2 major solutions for 5G fixed wireless access, namely, FastMile and Wireless PON. The FastMile solution, a wireless fixed access alternative, extends broadband to new areas to bring the Internet to every household. 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.