LONDON, Oct. 20, 2023 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the 5G fixed wireless access market, the global 5G fixed wireless access market is expected to grow from $538.9 million in 2020 to $1,092.26 million in 2023 at a compound annual growth rate (CAGR) of 102.7%. The change in growth trend of the 5G fixed wireless access market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The 5G fixed wireless access market is expected to reach $23,108.05 million in 2025 at a CAGR of 114.5%.
The main types of 5G fixed wireless access are hardware and services. Hardware refers to physical parts that enable fixed wireless access such as mobile phones and devices that have MIMO antenna technology built into the device for the mmWave frequencies. 5G small cell networks and RAN towers are the most important hardware elements of 5G technology infrastructure. The different demographies include urban, semi-urban and rural. It is implemented in various verticals such as residential, commercial, industrial and government.
North America was the largest region in the 5G fixed wireless access market in 2020. Europe was the second largest market in 5G fixed wireless access market. The regions covered in the 5G fixed wireless access market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Business Research Company’s report titled 5G Fixed Wireless Access Global Market Report 2023 – By Offering (Hardware, Services), By Demography (Urban, Semi-Urban, Rural), By End-User (Residential, Commercial, Industrial, Government), COVID-19 Implications And Growth covers major 5G fixed wireless access companies, 5G fixed wireless access market share by company, 5G fixed wireless access manufacturers, 5G fixed wireless access market size, and 5G fixed wireless access market forecasts. The report also covers the global 5G fixed wireless access market and its segments.
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Technological innovations are shaping the 5G fixed wireless access market. Major companies operating in the 5G fixed wireless access sector are focused on developing technological solutions for 5G fixed wireless access. For instance, in February 2020, Huawei, a China-based telecommunications equipment company launched LampSite EE based on Huawei’s 5G technology. LampSite EE is the business version of 5G LampSite for industrial scenarios. The version is an update from Huawei’s pioneer LampSite 5G indoor radio connectivity solution, and it is geared toward smart manufacturing, smart hospitals, smart transportation, and smart warehouses, among other industries.
In October 2019, Liberty Latin America (LLA), a US-based telecommunications company acquired AT&T Inc.’s wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands for $1.95 billion on a cash- and debt-free basis. This acquisition expands Liberty Latin America’s product portfolio with the leading post-paid mobile network, adds predominantly subscription-based business, increases distribution channels on the island, increases B2B presence and materially increases US dollar revenue weighting at LLA. AT&T is a US-based telecommunications company that offers 5G fixed wireless access.
Major players in the 5G fixed wireless industry are Samsung Electronics, AT&T Inc, Huawei Technologies Co. Ltd, Qualcomm Technologies, Verizon Communications Inc., Nokia Corporation, Siklu Communication Ltd., Mimosa Networks Inc, Ericsson, Cohere Technologies Inc., Arqiva, Cellular South Inc., Hrvatski Telekom, Orange S.A., Telefonica S.A., Telus Corporation, United States Cellular Corporation, Vodafone, Inseego, and CableFree.
5G Fixed Wireless Access Global Market Report 2023 – COVID-19 Implications And Growth is one of a series of new reports from The Business Research Company that provide 5G fixed wireless access market overviews, 5G fixed wireless access market analyze and forecast market size and growth for the whole market, 5G fixed wireless access market segments and geographies, 5G fixed wireless access market trends, 5G fixed wireless access market drivers, 5G fixed wireless access market restraints, 5G fixed wireless access market leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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