Sivers IMA, along with their partners have sold more than 20 evaluation kits for 5G after the Mobile World Congress (MWC) that took place in February. The 5G test kits are a way for prospective customers to evaluate how Sivers IMA’s equipment works in order to design in Sivers IMA’s products in their next step. The total order value for these kits is not substantial, however, test kits are not free and give an indication that potential customers believe in Sivers IMA’s solutions.
Currently, Sivers IMA has nine design wins from customers who develop products or prototypes with Sivers IMA’s 5G technology as an integrated part. The first 5G vertical to use Sivers IMAs millimeter wave (mmWave) 5G technology is Fixed Wireless Access (FWA), offering gigabit wireless broadband to the home and office. The FWA vertical is also where Sivers IMA has most of its design-wins. The two other areas Sivers IMA also has design wins are Transportation and Connected healthcare/medical equipment.
More on growth in 5G and the FWA vertical:
5G services will be offered in a number of verticals over the next 15 years; Smart cities, Transportation, Connected vehicles, Connected factories, Smart buildings, Smart utilities, Connected healthcare and Broadband services like: Enhanced Mobile Broadband (eMBB), Ultra-reliable low-latency communication (URLLC) and Fixed Wireless Access (FWA).
According to MarketsandMarkets, the 5G Services Market will grow to USD 123.27 billion by 2025, at a compound annual growth rate (CAGR) of 18 percent from 2019.
The Fixed Wireless Access (FWA) segment to grow at the highest CAGR during the forecast period
The FWA segment is expected to grow at the highest CAGR during the forecast period. Owing to its remote area coverage and high-speed latent free service offerings, followed by reduced last mile connectivity expenditure, the application would be deployed by a large number of commercial as well as consumer users.
The connected vehicles vertical grow at the fastest growth rate during the forecast period
The connected vehicles vertical is expected to grow at the highest CAGR during the forecast period, owing to the advent of autonomous vehicles. Autonomous vehicles are still in the Research and Development (R&D) phase; however, they would be available for use in the near future. The telecom and automotive players formed a 5G Automotive Association to develop, test, and promote communication solutions. The objective of the 5G Automotive Association is to implement 5G connectivity for the next generation connected cars.
North America to have the largest market share during the forecast period
North America is expected to hold the largest market share in the 5G services market. Telcos in the US have announced to roll-out 5G services much earlier as compared to that of other countries in a large number of states. Due to the rising adoption of new technologies, such as IoT and smart cities, and increasing need for high-speed internet connectivity, telecom service providers have started trials and tests for 5G services.
Sivers IMA is well positioned to take advantage of this growth. Click here to learn more about Sivers IMA's 5G products.
