5G fixed wireless access market expected to exceed $121 billion by 2032
Technology expected to provide significant opportunities for growth in the coming period
The global 5G fixed wireless access (FWA) market is expected to be worth $121 billion by 2032, with a 43.6% compound annual growth rate. In 2022, the market is expected to be valued at $3.3 billion.
By 2032, the market is expected to grow by $117.8 billion in absolute terms. The growing adoption of modern technologies, such as the IoT and machine-to-machine (M2M) communication, can be attributed to the market's expansion. Furthermore, the increasing use of millimeter-wave technology for 5G fixed wireless access is expected to boost the market size during the forecast period.