June 29, 2021
As per the report titled ‘Asia Pacific In-building Wireless Market Size By Component, By Deployment, By End-user, Research Report, Country Outlook, Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 - 2026’, available with Market Study Report, Asia Pacific in-building wireless market is projected to reach a valuation of USD 73.5 billion by the end of the forecast period 2020-2026.
As per report findings, increasing internet infrastructure development activities and advancements in telecom networks are catalyzing Asia Pacific in-building wireless market growth. Further, rapid digitization in the industrial sector along with favorable government initiatives and policies are accelerating the industry expansion.
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Based on component, the market is split into infrastructure [distributed antenna system, small cell (microcell, picocell, femtocell)] and service (integration and deployment, network consulting, support and maintenance).
Femtocell is likely to witness a strong demand in the upcoming years as the product enables communication service providers to enhance indoor network coverage in small sites like homes or small office space.
Microcell segment is also expected to show promising growth over the projected timeframe owing to the widespread deployment of low-range microcells in areas with high network traffic density like railway stations, shopping malls, and sports stadiums.
In terms of deployment, rural segment is touted to capture 30% of Asia Pacific in-building wireless industry share by the end of 2026. High potential for business expansion in rural areas owing to lack of adequate telecom infrastructure is fueling the segmental expansion.
Considering the end-user spectrum, the market is fragmented into industrial, commercial, healthcare, and residential. Among these, healthcare sector is witnessing an increased demand for in-building wireless technology owing to escalating demand for high-speed indoor coverage to ensure effective communication between the workforce throughout the hospital premises as they treat patients.
Meanwhile, the commercial segment is set to grab 30% of the industry share by the forecast period end, largely attributable to advances in wireless networking and connectivity technologies.
On the geographical front, India market is on track to accrue notable returns in the upcoming years due to rising penetration of intelligent building solution and rapid industrial digitization.
Key players in Asia Pacific in-building wireless market sphere are NEC Corp., Huawei Technologies Co. Ltd., Fujitsu Ltd., Telefonaktiebolaget LM Ericsson, Dali Wireless, Corning Inc., CommScope Inc., Comba Telecom Systems Holdings Ltd., Bravo Tech Inc., Bird Technologies Group Inc., Baicells Technologies, and Airspan Networks.