Telecom towers enable seamless network connectivity through mobile communication. Telecom towers are critical for the deployment of wireless networks and come equipped with features such as broadcasting, wireless connectivity and amplification of wireless signals. Increasing penetration of smartphones and mobile devices is driving the demand for high speed network connectivity.
The global Telecom Towers Market is estimated to be valued at US$ 55.07 Bn in 2023 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The demand for mobile communication is increasing rapidly mainly due to proliferation of smartphones and mobile apps. Mobile data traffic has grown exponentially during the last few years. 5G network deployment has further accelerated the mobile data consumption globally. Growing mobile internet consumption and deployment of next generation network technologies have increased the need for telecom towers with advanced connectivity capabilities. Telecom operators are investing heavily in setting up telecom towers and upgrading passive infrastructure to expand network coverage and enhance connectivity, which is the major factor driving the growth of telecom towers market.
Segment Analysis
The telecom towers market is dominated by the macro segment which constitutes more than 80% of the market share. This is because macro towers are tall cellular communication towers with powerful antennas placed on top. They serve a wider area as compared to smaller towers and are therefore favored by telecom operators for better connectivity. Telecom operators prefer macro towers to provide connectivity to large areas and meet the growing data demand of customers across urban as well as semi-urban and rural locations.
Key Takeaways
The Global Telecom Towers Market Growth is expected to witness high growth driven by increasing mobile data traffic and rollout of 5G networks globally. The global Telecom Towers Market is estimated to be valued at US$ 55.07 Bn in 2023 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030.
Regional analysis
The Asia Pacific region is expected to dominate the global telecom towers market during the forecast period between 2023-2030. Countries like China and India have a huge consumer base for mobile internet and are witnessing exponential growth in data consumption. Telecom operators in these countries are aggressively deploying macro towers to support 4G and future 5G networks. China alone accounts for over 50% of the tower infrastructure in the region. Rapid urbanization and government initiatives to improve rural connectivity through telecom infrastructure projects are supporting market growth.
Key players
Key players operating in the telecom towers market include American Tower Corporation, AT&T Inc., Bharti Infratel Limited, China Tower Corporation, Crown Castle International Corporation, GTL Infrastructure Ltd, Helios Tower Africa, SBA Communications Corporation, T-Mobile Tower, and Viom Networks. American Tower Corporation is one of the largest tower companies globally with ownership and operation of over 220,000 towers across several countries. China Tower Corporation is a state-owned enterprise managing over 1.9 million tower sites across China. Bharti Infratel and Indus Towers are dominant players in the Indian telecom towers market.
For more details on the report, Read- https://www.rapidwebwire.com/connectivity-is-driven-by-digital-transformation-share
The Telecom Towers market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Telecom Towers Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/telecom-towers-market/download-sampleMarket DynamicsThe focus on enhancing the mobile connectivity of the global population is the main driver for the growth of this market.
The digital transformation of the industries and households will be a major market booster for the installation of new telecom towers.
The need to improve the IT infrastructure of rural areas to meet the demands will enhance the growth of this market, even in remote areas.COVID-19 pandemic has reiterated the need for digitization, and hence this market will witness an alarming growth in the coming years.
Factors like high maintenance costs, lack of land, intermittent power supply, and harmful effects of high-frequency radio waves on humans living in proximity may restrict the market growth.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis.
