The 5G fixed wireless access market was valued at USD 277 million in 2019 and is projected to reach USD 86,669 million by 2026; it is expected to grow at a CAGR of 135.9% from 2020 to 2026.

The 5G fixed wireless access market is predicted to rise due to rising acceptance of sophisticated technologies such as machine-to-machine (M2M) and Internet of Things (IoT), as well as increased use of millimeter-wave technology for 5G fixed wireless access.

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Increasing adoption of advanced technologies such as machine-to-machine and Internet of Things

Machine-to-machine (M2M) communication is the next-generation technology that is expected to drive automation across a majority of industrial verticals and connect multiple devices simultaneously. The key reasons for the increased adoption of new M2M technologies are to ensure improved connectivity for smooth communication among different machines and lower their power consumption. Rising demand for connected devices for long-range connectivity is expected to drive the growth of the market for M2M/IoT communication devices, such as smart meters, smart streetlights, livestock monitoring devices, and smart parking systems. The growth of M2M technology is expected to further fuel the adoption of connected devices (or IoT devices).

High infrastructure cost

The millimeter-wave spectrum faces several challenges, such as high costs of components. The manufacturing of small components requires high precision, which increases their manufacturing costs, as well as results in non-line of sight issues. Millimeter waves are blocked by physical objects such as trees and buildings that result in loss of signals and their reduced range. These disadvantages are expected to lead telecommunication operators to increase the number of towers and use equipment based on new technologies.

Increased demand for 5G fixed wireless access networks from different industries

The 5G fixed wireless access network offers high-speed data transfer rate, low latency, and consistent connectivity, which are useful for various industries. For instance, in autonomous cars/connected cars, the low latency of 5G networks is critical for implementing safety systems and ensuring real-time vehicle-to-vehicle and vehicle-to-infrastructure communication. In smart cities, there are dense arrays of wireless sensors that are useful for various services and applications, right from environmental and pollution monitoring to security surveillance, traffic management, and smart parking.

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Compatibility issues between traditional and 5G networks

The seamless shift from traditional networks to 5G fronthaul and backhaul networks is difficult to achieve. Usually, traditional fronthaul/backhaul networks are not compatible with the new, advanced fronthaul/backhaul equipment. This creates compatibility issues leading to increasing infrastructure-related costs and results in the reluctance of organizations to employ advanced technologies. However, startup companies who are vendors for OEMs and established players in this industry are using highly efficient advanced fronthaul/backhaul solutions to design and develop new systems based on the requirements of their customers.