5G FWA CPE Market - Forecasts from 2023 to 2028

The global 5G FWA CPE market is projected to grow at a CAGR of 11.92% to reach US$2,541.022 million by 2028, from US$1,292.851 million in 2022. Whereas, in volume terms, the market was at an estimated 7.6 million units in 2022. This number is expected to amount to 98.5 million units in 2028, growing at a CAGR of 53.26%.

GROWTH DRIVERS

Lower Cost

According to Samsung, a 5G mmWave FWA option could offer cost savings of up to 65% in those areas that lack the underlying infrastructure required for operators to rent or share for FTTH. Moreover, it could also supply savings of up to 45% over FTTH in suburban areas and 25% in urban areas. In addition to this, as per our estimates, the cost of 5G FWA CPE will decline by more than half during the forecast period (2022-28).

As a result of the declining CPE costs, FWA’s traffic is expected to increase in the upcoming years. For instance, according to Ericsson, the FWA traffic is expected to reach 128 EB/m by 2028.

Growing Investments in the Mid-Frequency Band

The mid-frequency band includes 3.7 & 4.5 GHz frequencies. Mid-band (also known as C-Band) spectrum is an essential part of 5G application uses as it has citywide high-capacity coverage. It holds a significant data load. The high-frequency band carries more data, but the signal doesn’t travel as far as mid-band frequencies. Hence, it’s often used as a capacity booster.

Major countries are undertaking various measures toward increasing their FWA mid-band frequency. For instance,

• In November 2021, a new study was conducted by CTIA (Cellular Telecommunications and Internet Association), USA. It suggested that US policymakers should be focusing on the lower half of the 3 GHz bands. According to the study, the United States needs to more than double its licensed mid-band spectrum allocations in order to catch up to the advancements made by Japan, China, South Korea, Canada, and the United Kingdom.
• In January 2023, AT&T announced the launch of the next rendition of a fixed wireless access (FWA) product in the market. The new FWA product will use the company’s mid-band spectrum. According to AT&T, its mid-band 5G network currently serves 150 million people and is on pace to serve 200 million by the end of this year.

MAJOR OPPORTUNITIES IN THE GLOBAL 5G FWA CPE MARKET

Urban & Sub-Urban

By setting, 5G FWA CPE is divided into urban & sub-urban and rural. Urban & suburban will hold a notable share in value and volume terms during the projected period. The development of 5G FWA solutions in urban regions is primarily being driven by a number of factors, including rising demand for high-speed broadband, increased adoption of smart city initiatives, an increase in the number of connected devices, and advancements in 5G technology. Due to the growing reliance on internet-based services, there is a substantial rise in demand for high-speed broadband in urban areas.

mmWave

By band, the FWA CPE market is segmented into mmWave and Sub-6 GHz. mmWave is expected to have a high CAGR during the forecast period owing to growing government initiatives in the segment. Many governments are working out how to support mm-wave broadband use and foster competition in order to promote growth, develop new services, and reduce consumer prices.

For instance, in the US, a number of state and federal programs have been created to provide financing for broadband access in rural and tribal areas. Operators who satisfy certain requirements in terms of coverage, capacity, and throughput may be eligible for grants and loans. Examples of such programs include:

GEOGRAPHICAL PRESENCE

• In October 2021, In accordance with Japan's Local 5G specification, Nokia launched its first 5G Fixed Wireless Access (FWA) internet gateway. In Japan, the FastMile 5G Gateway 3.2 Japanese variant became accessible in January 2022. The local 5G frequencies needed for operation in this particular setting were met by the Nokia 5G Gateway 3.2.
• In October 2021, Samsung offered CBRS solutions to improve bandwidth connectivity on campuses and in other enterprises in the U.S. in addition to 5G FWA solutions to increase rural broadband coverage and bridge the digital gap.
• In November 2021, Vodafone Spain announced the launch of a 5G fixed wireless access (FWA). The service was available in parts of Madrid, Barcelona, Valencia, Seville, Zaragoza, Malaga, Bilbao, and A Coruna. Vodafone claims that customers will be able to receive speeds of "up to 1Gbps,"

The global 5G FWA CPE market consists of some major countries undertaking various measures to secure their 5G network. Europe is expected to have a high CAGR during the projected timeframe. Furthermore, many nations have undertaken various measures which have complemented the overall market growth. For instance:

MAJOR PLAYERS

Some of the leading players in the market include Verizon, Cisco, Nokia, and Samsung, among others. These firms have undertaken various business strategies such as product launches, investments, and partnerships to expand their product offerings. For instance,

• In July 2021, Verizon announced that its 5G Business Internet fixed wireless access service will now be available to businesses in 42 U.S. states. According to Verizon, its 5G FWA for business complements several other options, such as BlueJeans video, IoT, and 5G mobility edge computing (MEC).
• In February 2023, The MG51 and MG51E 5G mobile gateways from Cisco Meraki, a US-based manufacturer of telecom equipment, are available to companies through a partnership with T-Mobile. Using streamlined, scalable, and dependable network-managed services supported by T-Mobile's 5G network and the cloud-based Cisco Meraki platform, the gateways will enable companies of all sizes to create "enriching and differentiated experiences" for their clients.

MARKET SEGMENTATION:

The global 5G FWA CPE market has been analyzed through the following segments:

By Setting

• Urban & Suburban
• Rural

By Deployment

• Indoor
• Outdoor

By Range

• mmWave
• Sub-6 GHz

By Geography

• Americas
• United States
• Others
• Europe, the Middle East, and Africa
• Germany
• UK
• Others
• Asia Pacific
• China
• Japan
• South Korea
• Others