In 2019, the global 5G fixed wireless access market generated nearly $370 million

According to the new market research report, the global 5G fixed radio access (FWA) market revenue is expected to reach $369 million in 2019 and jump to $46.
366 billion by 2026, with a CAGR of 97.
47%
during the period.

According to the report, the key factors driving the growth of this market include the growing demand for high-speed internet connectivity and extensive network coverage, reduced latency and power consumption, and increased adoption
of advanced technologies such as machine-to-machine (M2M)/Internet of Things (IoT) and millimeter wave.

Continuous development of broadband and cellular networks has enabled users to experience faster data transfer rates
with low latency.
The growing demand for data services is mainly due to the increasing use of consumer electronic devices and data-intensive applications
such as virtual and augmented reality, 3D, and ultra-high-definition video.
To support growing data traffic, more bandwidth
is required.
5G is expected to offer more than 1,000 times the high-capacity bandwidth
of its predecessor, 3G-4G.
As a result, growing data traffic will force network operators to provide high-speed bandwidth
to their consumers.

Overall, upgrading or deploying infrastructure in urban and suburban areas is challenging
due to the high cost of civil works and the complexities associated with tall buildings.
Whether it's replacing aging wired infrastructure or establishing connectivity to new network nodes, FWA can overcome the challenge
by providing high-capacity and low-latency wireless connectivity.

5G fixed wireless access is an ideal alternative primarily for residential users, as users can get gigabit speeds at a competitive price without facing installation issues
.
With more than 2 billion households worldwide, looking at current industry trends, less than half of households are likely to opt for fixed copper or fiber broadband connections
by 2023.
In many countries, building fixed broadband infrastructure is not economically viable
.
According to ITU, the addressable market could approach 1 billion households with no or poor fixed broadband connectivity, creating opportunities
for FWA deployment.

Regionally, North America is expected to hold the largest share of the global 5G fixed wireless access market during the forecast period, with the US and Canada set to adopt 5G FWA solutions and services
at a high rate.
These countries have sustainable and well-established economies that enable them to invest heavily in R&D activities and thus make a significant contribution
to the development of new technologies.
The startup culture in North America is growing
at a faster rate compared to other regions.
North America is one of the major markets for 5G in terms of R&D, network design/deployment, and presence of
major players.
In North America, the United States is considered to have the largest user base and is expected to grow as new subscribers grow
.

From the perspective of service providers, the major players in the 5G fixed wireless access market include Huawei (China), Qualcomm (US), Nokia (Finland), Samsung (South Korea), Ericsson (Sweden), Mimosa Networks (US), Cohere Technologies (US), Siklu Communication (Israel), AT&T (US), Verizon (US), Cisco (US), Arqiva (UK), Cellular South (USA), Orange SA (France), Cellular Corporation (USA), TELUS (Canada), Telefónica, MTN (South Africa), Swisscom and Croatian Telecom, among others
.