Fixed Wireless Access Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The fixed wireless access market is expected to register a CAGR of 73.4% over the forecast period (2021 - 2026). The demand for internet connectivity among various households has been increasing with the growth in connected devices. According to Intel estimates, the number of connected devices is expected to grow to 50 billion by 2020. Additionally, the wearable technology has been increasing in various emerging economies, which further contributes to the need for better wireless broadband connectivity. Some of the prominent factors driving the growth of wireless technology over the years have been the regularly changing standards set for improving the features of fixed wireless access.

• Additionally, with the steady evolution of wireless broadband technology over the past decade, it keeps pace with advances in standards set by the Institute of Electrical and Electronics Engineers (IEEE). These standards are modernized regularly in order to improve the network throughput in terms of maximum speed and transmission capability. These upgradations have given the companies in the market the means to strive for innovation and successfully satisfy the customers' demand for higher bandwidth and faster internet.
• Moreover, the increasing demand for faster internet connectivity among consumers, owing to the data size becoming bigger and the rise in the number of devices being connected to the device, is spurring the demand for fixed wireless access with effective connectivity.
• Further, growing trends responsible for the rise in the number of connected devices and increasing focus and implementation of smart homes using smart devices are expected to fuel the market demand during the forecast period. Moreover, the increasing adoption of smart home architecture across the world that includes remote access, voice control, and seamless connectivity further drives the demand in the market studied.
• Furthermore, with the 5G network launch, the emerging economies in the Asia-Pacific region are expected to propel the market for fixed wireless access during the study period. According to the Ericsson Mobility Report (November 2019), Southeast Asia and Oceania witnessed 5G networks' launch for fixed wireless access. Multiple 5G trials have also been carried out in several other countries in the region, with some Southeast Asia markets waiting for spectrum allocations to launch 5G.
• Amid the COVID-19 crisis, fixed wireless access (FWA) solutions are likely to witness increased demand and fill in fiber broadband networks. This results from a sudden and widespread explosion in telecommuting by employees across the world who can work from home. According to Preseem, a quality monitoring and optimization platform for fixed wireless networks, the increased demand is especially significant during the business hours. Especially in California, increased internet usage has been consistently over 40%

Scope of the Report

Fixed Wireless Access (FWA) is an alternative means of providing internet connectivity that 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 or business property. The receiver then feeds a router, which provides a WiFi signal into the building, enabling users to connect their numerous everyday devices.

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Key Market Trends

Residential Segment Expected to Depict the Maximum Application

• The household application segment is expected to depict the maximum adoption due to growing broadband connectivity in the households or for the individuals. Fixed Wireless Access, or FWA, provides internet access to homes using wireless mobile network technology rather than fixed lines. Due to the increasing internet and mobile penetration amongst the users, the need for a continuous source of data and the internet is increasing over the years.
• 5G fixed wireless access is an ideal alternative mainly for residential customers as users get speeds at a competitive price, with no installation issues. Also, in many developing countries, it is not economically viable to build fixed broadband infrastructure.
• According to Cisco's latest Visual Networking Index Report, smart homes are expected to be one of the key drivers for the growth of IoT connectivity during the next few years. The company expects that around 50% of the total 28.5 billion device connections anticipated by 2022 will be IoT/machine-to-machine (M2M). The average household in North America will have an average of 9 devices by 2022.
• Many major companies are introducing their services in the market to expand their reach to the customers, especially for households or individual users. For instance, in May 2019, Incognito Software Systems, a leading provider of in-home broadband service orchestration software solutions to digital service providers, announced that a leading multi-country tier 1 wireless service provider had deployed Incognito to manage the digital in-home experience for residential broadband customers. With Incognito, this service provider can deliver a high-quality fixed wireless home network experience to its customers while reducing operational costs.

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