According to the latest version of the in-building wireless market report by FMI, potential CAGR could reach up to 6.30% through 2034. The analysis indicates that sales of in-building wireless are currently valued at USD 14.77 billion in 2024.
The growth of in-building wireless system industry is because:
Following this growth trend, the demand is set to increase considerably and reach a market value of USD 27.22 billion by 2034.
Attributes | Details |
---|---|
In-building Wireless Market Size (2024) | USD 14.77 billion |
Forecasted Market Size (2034) | USD 27.22 billion |
Projected Value CAGR (2024 to 2034) | 6.30% |
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People nowadays want clear network coverage and better public safety measures as smart phone penetration rate is skyrocketing. Over the past decade, mobile internet use has grown a lot as phones became smarter with many functions. As of 2024, the number of smartphone users could to reach around 5 billion.
Users are looking for these smart devices to save time and money because of reckless digital changes. The problem of limited indoor network coverage and capacity has pushed mobile network operators and virtual network operators to take action.
The rise of smart and intelligent buildings is opening new opportunities for market growth. In buildings like offices, hospitals, hotels, and malls, in-building wireless solutions are used to handle unstable cell networks due to heavy data traffic.
These solutions include DAS, in-building wireless gear, and small cells to deal with RF issues, power losses, and intermodulation challenges. It is essential to have Wi-Fi coverage in large buildings for a smooth user experience and better indoor service.
In-house wireless demand is hitting the roof because more companies are letting employees use their own devices for work, known as Bring Your Own Device (BYOD). This trend helps businesses save money on buying devices for employees.
It also gives workers the flexibility to use devices they are comfortable with, which can improve productivity and satisfaction. Along with smart buildings, factors like reliable connectivity for important applications in healthcare and better cellular coverage in rural areas are also boosting the expansion of in-building wireless systems.
From 2019 to 2023, the in-building wireless market showed very moderate growth, boasting a 5.50% CAGR. The pandemic led to the closure of many business buildings, delaying inside projects. In light of this trend, several industries used this time to fix problems and complete urgent repairs before reopening.
The introduction of the new 5G network has helped the in-building wireless market to grow further. For example, in October 2022, the Indian government started 5G services in the country. Companies like Reliance, Vi, Airtel, and BSNL are working to provide 5G across India.
Attributes | Quantitative Outlook |
---|---|
In-building Wireless Market Value (2023) | USD 13.99 billion |
Historical CAGR (2019 to 2023) | 5.50% |
The next generation of wireless technology is all set for take-off. The advent of 6G technology is set to transfigure the in-house wireless market. With its higher frequencies, 6G is on its way to unlock immense capacity, faster speeds, and lower latency. This is definitely going to make connections better for different uses.
By using distributed radio networks and terahertz spectrum, 6G is purposefully going to improve how networks share data and cut down on delays, making them work better and last longer. It stands to reason that this is going to lead to easier and more complete wireless connections, changing the way through which in-house wireless works.
Organizations in different industries are working to use IoT more to automate tasks and boost efficiency. This trend could potentially create many chances for the in-building wireless market to grow. In-building wireless networks let users connect various sensors, machines, people, vehicles, and devices for different applications. These networks handle issues like reliability, quality, security, and compliance.
Major companies like Nokia, Samsung, and Cisco are leading efforts to combine in-building wireless networks with IoT. This trend is likely to contribute to the positive outlook of the in-building wireless industry and presents several opportunities for market players.
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The Asia Pacific in-building wireless industry is likely to make immense improvement. Governments in countries like China, South Korea, Japan, and India are making big efforts to digitize cities. Because of this, the region is becoming a very appealing market for companies that make telecom equipment and run telecom services.
On the other hand, Europe and North America are expected to grow moderately in this market on the back of rapid saturation of the internet. Simultaneously, business are creating a high demand for offer high-speed connectivity. Companies offering services like design, deployment, and testing are also helping the market growth as well.
Countries | Forecasted CAGR (2024 to 2034) |
---|---|
Australia and New Zealand | 12.30% |
China | 11.60% |
Japan | 2.10% |
United States | 4.40% |
Germany | 1.80% |
Sales of in-building wireless in Australia and New Zealand are on track to record a CAGR of 12.30% through 2034.
Adoption of in-building wireless in China is all set to inflate at a CAGR of 11.60% through 2034.
Application of in-building wireless in Japan is on its way to surge at a CAGR of 2.10% through 2034.
Demand for in-building wireless in the United States is set to make a mark with a CAGR of 4.40% through 2034.
Deployment of in-building wireless in Germany is en route to achieving a CAGR of 1.80% through 2034.
As far as the component of in-building wireless is concerned, the hardware segment is generating significant profit in 2024, which is apparent in its 58.20% In-building Wireless market share. Similarly, the commercial segment is performing better in terms of application, possessing a 46.60% revenue share of the In-building Wireless industry in 2024.
Segment | Market Share in the In-building Wireless (2024) |
---|---|
Hardware | 58.20% |
Commercial | 46.60% |
The hardware segment is becoming the primary revenue generator within the market. Dynamics backing this hardware’s appeal include:
The chief position in the market is held by the commercial segment, a trend substantiated by factors such as:
Start-ups are looking at several ways to stand out in the highly competitive in-building wireless market. Some important start-up companies in the market are Cambium Networks, Mimosa, Siklu, Tarana, and H3C.
H3C, a start-up from China, makes fast WIFI 6 routers. It is working on making WIFI better for using wireless technology with IoT devices. Cambium Networks, another important player, focuses on providing wireless management for businesses of all sizes, from small to large enterprises.
In-building wireless market players employ diverse strategies to gain a competitive edge. They are working hard on new services and spending a lot on research to beat the competition. Also, teaming up with other companies and buying or merging with them is going to keep changing how the indoor wireless market looks.
Recent Developments
The market size for In-building Wireless is currently worth USD 14.77 billion in 2024.
The In-building Wireless market value is set to surpass USD 27.22 billion by 2034.
The CAGR of the In-building Wireless industry could be around 6.30% through 2034.
China, New Zealand, and Australia are key contributors to the In-building Wireless market as of 2024.
Alcatel Lucent and Cobham PLC are In-building Wireless industry leaders.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5.1. Components 5.2. Services 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By System Components 6.1. Antennas 6.2. Cabling 6.3. Distributed Antenna System 6.4. Repeaters 6.5. Small Cells 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Business Models 7.1. Carrier 7.2. Enterprise 7.3. Host 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Users 8.1. Commercial Consumers 8.2. Government 8.3. Hospitals 8.4. Industrial Consumers 8.5. Institution Consumers 8.6. Retail 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Business Type 9.1. Existing Businesses 9.2. New Businesses 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Building Size 10.1. Large and Medium Buildings 10.2. Small Buildings 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. South Asia and Pacific 11.6. East Asia 11.7. Middle East and Africa 12. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 18. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 19. Key Countries Market Analysis 20. Market Structure Analysis 21. Competition Analysis 21.1. Alcatel Lucent 21.2. Cobham PLC 21.3. Corning Incorporated 21.4. Smiths Group PLC 21.5. Verizon Communication, Inc. 21.6. Anixter Inc. 21.7. Commscope, Inc. 21.8. Ericsson 21.9. TE Connectivity 21.10. Ethertronics 21.11. Lord and Company Technologies 21.12. Betacom Incorporated 21.13. Lemko Corporation 21.14. Oberon Inc. 21.15. Telecommunication Systems, Inc. 22. Assumptions & Acronyms Used 23. Research Methodology
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