The 5G fixed wireless access market will grow from USD 41.159 billion in 2025 to USD 195.665 billion in 2030 at a CAGR of 36.59%.
Fixed wireless access or FWA is a type of broadband access that uses a wireless connection, like 5G or 4G LTE technology, to offer access to the internet to premises. It is a type of miniature cellular tower that helps provide homes or businesses with high-speed internet connectivity. Fixed wireless access offers consumers the benefits of broadband access, which uses wireless technology. These devices also use high-speed signal connections, which facilitate high-speed data transfers for the devices and help to ensure internet connectivity in areas with little or no access to high-speed internet.
Fixed wireless access also offers numerous benefits to users or subscribers. It offers high-speed internet connectivity to areas even in that lack wired infrastructure. This internet connectivity solution is also affordable and easy to install compared to fiber optics or wired internet.
The increase in the global population using the internet will surely expand the popularity and demand for faster network connection solutions, giving a major boost to the FWA market. Similarly, the rise in high-speed internet usage in the remote or rural regions of the globe is also expected to propel the market forward.
The International Telecommunication Union, or ITU, in its global individual user statistics of 2023, stated that in the year, about 67% of the total population had access to the internet, which was previously recorded at about 64% in 2022 and 62% in 2021. The global population that has access to the Internet has grown significantly over the past few years and is expected to grow further with the introduction of new technology in the Internet connection sector. The organization stated that in 2021, 4.9 billion of the global population were using the internet, which grew to 5.1 billion in 2022 and 5.4 billion in 2023, marking a significant growth over the past years.
The International Telecommunication Union, or ITU, in its report, stated that in 2023, 98% of the global urban population had access to 4G internet. In contrast, in the rural regions of the world, 80% of the population had access to 4G internet. The agency also stated that among the lower-middle income population of the globe, 12% had 5G connectivity, and 57% of the upper-middle income population in 2023 had 5G connectivity.
In the global 5G fixed wireless access market, the European region will probably attain a greater share during the estimated period. This region is amongst the largest operators of high-speed internet connections, and it is further expected to grow with technological development in the internet and telecommunication sectors. The global telecommunication association, the International Telecommunication Union, in its report, stated that the European region leads the worldwide coverage of the 5G network, with the accessibility of the 5G technology to 68% of the region's population. Furthermore, in Europe, about 97% of the rural population has access to the Internet, and a total of 100% of the urban population has access to the Internet.
Furthermore, multiple European companies and governmental organizations have announced key investments and initiatives to further propel access to high-speed, or 5G, Internet across the region. Companies like Nokia and Vodafone, among other global telecommunication giants, have introduced new products and services to attract new consumers and businesses to the fixed wireless access market.
Businesses also have the option to reduce the deployment time for branch connectivity. This new solution offers increased operational efficiency and flexible management. It also helps to minimize downtime and ensure resilient network performance.
The 5G Fixed Wireless Access Market is segmented and analyzed as: