Fixed Wireless Access Market set to reach $96.1 billion by 2032, driven by 5G rollout

From GlobeNewswire: 2024-12-03 04:00:00

The Fixed Wireless Access Market was valued at USD 32 billion in 2023 and is projected to reach USD 96.1 billion by 2032, driven by the increasing demand for reliable, high-speed internet. The rollout of 5G networks is key, offering improved speeds and low latency, especially beneficial in underserved areas. Sub-6 GHz frequencies dominate the market, providing broad coverage and superior penetration ideal for rural areas.

Hardware accounts for 66% of the fixed wireless access market, encompassing components like customer-premises equipment, antennas, routers, and base stations essential for high-speed internet deployment without wired connections. Europe is experiencing strong growth in the market, with countries like Germany, the UK, France, and Italy leading 5G FWA adoption to improve digital infrastructure and rural connectivity. Telecom providers in Europe are increasingly investing in FWA as a cost-effective alternative to fiber.

Key players in the fixed wireless access industry include AT&T, Cisco Systems, Deutsche Telekom, Ericsson, Huawei Technologies, Nokia, Qualcomm Technologies, Samsung Electronics, T-Mobile US, and Verizon Communications. The market research report covers revenue estimates and forecasts from 2021 to 2032 for various segments, including hardware, services, technology, frequency, application, and demography. Global Market Insights Inc. provides industry research reports and consulting services with actionable market data for strategic decision making in key industries.



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