In-building Wireless Industry Overview
The global in-building wireless market reached an estimated USD 19.42 billion in 2023. This market is projected to expand significantly, showing a CAGR of 10.7% from 2024 to 2030. This growth is primarily fueled by the proliferation of smart devices, such as wearables and IoT devices. As more connected devices populate various establishments, a sturdy infrastructure becomes critical to ensure high-speed connectivity and support their operations throughout the premises.
In-building wireless solutions provide this necessary infrastructure, effectively managing the increasing volume of smart devices and delivering uninterrupted connectivity. Furthermore, with the emergence of Industry 4.0, manufacturers are keen on implementing these solutions across a diverse range of applications. These include Robotics, Intelligent Process Automation (IPA), Automatic Guided Vehicles (AGVs), Process Automation (RPA), remote site monitoring, autonomous vehicles, smart cities, and drone surveillance. Such applications require networks with low latency, high bandwidth, and robust security. In-building wireless solutions empower businesses to independently manage scalable and dependable networks that cater to their present operational needs.
Gather more insights into the market drivers, restraints and growth of the In-building Wireless Market
Enterprises are prioritizing low latency costs, understanding that in-building wireless solutions are crucial for their infrastructure, especially for mission-critical applications. The increasing number of IoT and Machine-to-Machine (M2M) devices, which utilize AI and ML to support vital equipment across sectors, has boosted the dependability of indoor wireless coverage, offering high bandwidth, low latency, and high service deliverability. Companies with mission-critical needs are expected to lean more on in-building wireless for coverage instead of relying only on external carriers.
The Impact of 5G on In-building Wireless
The rollout of 5G networks is revolutionizing the in-building wireless market, fueling the need for better indoor capacity and coverage. With 5G's low latency and ultra-fast speeds, users anticipate uninterrupted connectivity inside buildings. This drives the demand for in-building wireless solutions like Distributed Antenna Systems (DAS), small cells, and indoor repeaters to efficiently distribute 5G signals indoors. Additionally, 5G's use of the mmWave spectrum presents propagation challenges that make in-building solutions essential for extending coverage effectively.
Future Prospects and Market Evolution
Businesses across diverse industries are poised to use 5G-enabled applications to improve customer experiences and productivity, thereby increasing the demand for reliable indoor connectivity. Furthermore, 5G offers opportunities to enhance emergency communications and public safety within buildings. The deployment of 5G networks is reshaping the in-building wireless landscape.
Key Companies profiled:
The following are the leading companies in the in-building wireless market. These companies collectively hold the lsargest market share and dictate industry trends.
• Airspan Networks
• Cobham Limited
• CommScope, Inc.
• Corning Incorporated
• Huawei Technologies Co., Ltd.
• JMA Wireless
• Nokia
• Samsung Electronics Co., Ltd.
• TE Connectivity
• Telefonaktiebolaget LM Ericsson
Key In-building Wireless Company Insights
Key In-building wireless companies include Corning Incorporated, Huawei Technologies Co., Ltd., JMA Wireless, Nokia, and Samsung Electronics Co., Ltd. Companies active in the in-building wireless market are focusing aggressively on expanding their customer base and gaining a competitive edge over their rivals. Hence, they pursue various strategic initiatives, including partnerships, mergers & acquisitions, collaborations, and new product/ technology development. For instance, in February 2024, Wipro Limited, a leading technology services and consulting firm, announced a collaborative private wireless solution with Nokia to support enterprises in scaling their digital transformation efforts. This joint solution will offer enterprises a secure 5G private wireless network integrated with their operational infrastructure. It promises enhanced mobility, reliability, connectivity speed, and real-time access to business insights, along with the capability to handle large data volumes with minimal latency.
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Recent Developments
• In June 2024, Hewlett Packard Enterprise Development LP unveiled the HPE Aruba Networking Enterprise Private 5G, designed to simplify and accelerate the management and deployment of private 5G networks. This solution delivers high levels of reliable wireless coverage across expansive campus and industrial settings, and it opens up new, previously unexplored use cases for private cellular networks.
• In May 2024, ZTE Corporation, a global leader in information and communication technology solutions, announced a commercial deployment of its latest-generation wireless products in partnership with Thailand's top mobile operator, Advanced Info Service PLC. This deployment, which takes place at the A-Z Center, aims to leverage advanced technology to assist Advanced Info Service PLC in developing a green, ultra-simplified, and intelligent telecommunications network.
• In May 2024, Boldyn Networks announced the acquisition of Apogee Telecom, Inc. This strategic acquisition enhances Boldyn Networks' connectivity offerings in the expanding education market by integrating Apogee Telecom, Inc.'s established reputation and expertise with Boldyn's global experience and comprehensive range of wireless and fiber solutions.