Revenues from fixed wireless access (FWA) equipment are set to exceed US$48 billion over the next five years, driven by growing adoption across enterprise and residential markets in North America and India, according to a report from Dell’Oro Group.

The analyst stated in preliminary findings that total FWA revenue including RAN equipment , residential CPE, and enterprise router and gateway revenue are on track to increase 7% in 2024.

The group had reported that FWA revenue in 2023 surged 23% with total spend expected to hit US$6.6 billion globally.

Long term subscriber growth is expected to occur in emerging markets in Southeast Asia and the Middle-East and Africa due to upgrades to existing 3G and LTE networks, as well as a desire to connect subscribers economically.

The exact numbers were not detailed but FWA equipment revenue increased by 17% between 2023 to 2027.

“Initially viewed as a way to monetize under-utilised spectrum, FWA has grown to become a major tool for connecting homes and businesses with broadband,” said Jeff Heynen, Vice President with the Dell’Oro Group.

“What started in the US is now expanding to India, Southeast Asia, Europe, and the Middle East, as mobile operators continue to expand their 5G-based FWA offerings to both residential and enterprise customers.”