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(Wireless-NewsWire.Com, June 16, 2021 ) Global Fixed wireless Access (FWA) Market was valued at USD 515 million in 2020 which is expected to reach USD 88,588 million by 2027 at a CAGR 134.8%.
Fixed Wireless Access is an alternative method of providing internet connectivity which uses wireless network technology rather than fixed lines. An access unit is attached to street furniture, which then wirelessly connects to a receiver placed inside a home/business property. The receiver then feeds a router, which delivers a Wi-Fi signal into the building, allowing users to connect their various everyday devices.
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The rise in adoption of connected devices such as laptops, smart phones, and smart devices in several residential, commercial, and industrial applications which expected to drive the global fixed wireless access (FWA) market growth throughout the forecast period. Furthermore, the adoption of 5G technology in the emerging economies in the APAC region is expected to accelerate the market growth. For instance, as per the Ericsson Mobility Report, 2019 Southeast Asia & Oceania witnessed 5G networks' launch for fixed wireless access (FWA).
Key Players
The major player in the Global Fixed wireless Access (FWA) Market such as AT & T, Inc., Qualcomm Technologies, Huawei Technologies Co. Limited, Verizon Communications, Inc., Siklu Communication Limited, Airspan Networks Inc., Arqiva, Ericsson, Nokia Corporation, Samsung Electronics Co. Ltd, etc.
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Impact of COVID-19 On Market
The increase in the spread of COVID-19 many governments had declared a state of emergency. Thus, the companies are increasingly adopting the work from home culture to keep their businesses operational & enable employees to follow social distancing guidelines. Trends like work from home, social distancing, and online education support the growth of the fixed wireless access (FWA) market.
Regional Analysis
The Global Fixed wireless Access (FWA) Market is segmented into North America, Europe, Asia Pacific, Middle East, and Africa. The North America region is expected to hold the largest revenue share of fixed wireless access (FWA) market over the forecast period. Due to the growing technological advancements in the region. For instance, In October 2019, Verizon had announced the expansion of its 5G home broadband offering in Chicago. Unlike in-home fixed wireless 5G service provided in parts of Houston, Indianapolis, Los Angeles, and Sacramento, the recent service allows the use of the global 3GPP 5G New Radio (NR) standard.
Market Taxonomy
By Type
• Hardware
o Consumer Premise Equipment (CPE)
o Access units (Femto & Picocells)
• Services
By Application
• Residential
• Commercial
• Industrial
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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Qualiket Research
Hemant Singh
8208257128
hemant.singh@qualiketresearch.com
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