Telecom Tower Market is segmented by Type (Tower Structure and Mast Structure),by Application (Communication, Radio, Radar, Navigation and Other), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)
Market Definition / Research Scope
For the purpose of this market research report, telecommunication tower is defined as a tall structure that homes antennas for communication of telecommunication and broadcasting signals. These signals may range from cellular to television signals. The two main types of these towers are guyed and self-supporting structures. The telecom tower enables a wider coverage for devices like cellphones. It even enables the simultaneous connection of various devices to a single network in the common example of conference calling. They are tall and host a transceiver at the highest point result in a better connectivity, efficient data transmission and a higher data transfer speed.
Telecom Tower Market shall reach a value of $2x61.4 Million in 2032, growing with a CAGR of 30% during the forecast period of 2022 to 2032.
Telecom Tower Market Growth and Trends
The most important factor driving the market growth of the telecom towers is the rapid developments in the telecom service sector. An increase in the demand for mobiles all over the world is a major factor contributing to the increase in the market demand for telecom towers. The need for mobile phones in every remote area has facilitated the setup of a high number of telecom towers resulting in high market revenue. An increase in the number of service providers and vigorous competition to provide better coverage and a stable network has also enabled an increase in the market demand for telecom towers.
The largely growing population globally is anticipated to boost the growth of the telecom tower market growth in the coming years. This would increase the demand for cellular devices that would directly impact the high market revenue of the telecom towers. Also, technological advancements like the internet of things, real-time devices used for security, and health care are predicted to accelerate the telecom tower market trend. The surge in the usage of the internet and demand for high-speed internet is also a major factor contributing to the increasing market demand for telecom towers. Development in the networks of the service provider and introduction of 3g,4g, and 5g networks is also a primary reason for the high market growth of telecom towers. Increase in the number of internet providers, wi-fi and broad band providers is expected to increase the market growth.
The global telecom tower market is predicted to grow at a CAGR of 18% till 2025. Despite technological advancement amidst existing infrastructural facilities, there has been a simultaneous increase in the use of connected devices and data explosion affecting networks. This has triggered great demand for communication systems and networks capable of handling enormous volumes of data. Significant rise in the use of social media owing to changing lifestyles has led to a consequent increase in the use of internet. An integration of cloud networks with mobile networks to facilitate data security and connectivity, Wi-Fi hotspots, Machine-to Machine Communication, and Network Function Virtualization are strong factors influencing the global demand for telecom towers. As per regional estimates, India and China have the highest number of subscribers. As a result of large subscriber density in countries characterized by a very high population, the demand for setting up telecom towers is massive. An increase in subscriber density automatically generates the need for deployment of telecom towers in order to reduce and control data traffic. Considering the pandemic situation, online education is now spreading to rural areas as well, where building an infrastructure with telecom towers is an absolute necessity, thus generating high demand in this market, fostering rapid growth in the telecom tower market in subsequent years. This will in turn drive lucrative business opportunities for the global market players.
Possible temporary challenges to growth in the telecom tower market include operator consolidation where the requirement for additional sites might decline among the players that have a negative impact on the tenancies for tower companies. Owing to large volumes of traffic, there could be a need for data offload on micro sites, small cells, and Wi-Fi, as a result of which the macro site tenancy growth may be less than expected.
A few limitations hindering the growth of the telecom market are the harmful effects of high-frequency radio transmission and high installation and operational costs.
Sales are expected to be dominated by North America
Due to the excessive need for 5G telecom in the United States, there is intense competition in the US telecom towers market. In the country, several companies are adopting new strategies to penetrate the industry, including acquiring, merging, rolling out, partnering, and forming coalitions. InSite Wireless Group LLC was acquired by American Tower Corporation in December 2020 for nearly USD 3.5 billion. By the end of 2022, the company expects property revenue to reach 160 million dollars and gross margins to reach approximately 115 million dollars from the assets acquired from InSite.
With around 10,000 towers in the country, SBA Communications is known for its focus on wireless communications. The company also announced a long-term master lease agreement with DISH, which gives DISH access to the companys nationwide network of wireless communications sites. Since the launch of fifth-generation (5G) networks and the Internet of Things (IoT), mobile wireless services in Canada have been the most rapidly growing sector of the telecommunications industry, and that trend is expected to continue in the near future.
All provinces except Saskatchewan have a significant share of the retail supply of mobile wireless services held by the national wireless carriers (Bell Mobility, RCCI, and TCI). As a provider of retail mobile wireless services in the Northwest Territories, Nunavut, and Yukon, Bell Mobility has market power. The mobile wireless revenue in 2021 crossedCAD 38 billion, accounting for over 55.5% of all telecommunications service revenue. The number of mobile wireless service subscribers increased by 1.2 million from last year to 54.4 million in 2021. On average, subscribers consumed 2.9 gigabytes (GB) of data per month, more than double the average consumption of 1.4 GB per month in 2019.
Telecom Tower Market Share and Competition
There are several major players in the telecom tower market, which is highly competitive. Market share is dominated by a small number of companies. Major market shareholders are expanding their customer base internationally. These companies are increasing market share and profits through strategic collaborative initiatives. Additionally, companies operating in this market acquire start-ups that work on telecom towers as part of their efforts to enhance their production capabilities. As a result, this market is highly concentrated. Key companies operating in this industry are: American Tower, AT&T Towers, Crown Castle International, Eaton Towers, GTL Infra, Helios Towers Africa, IHS Towers, Indus Towers, Phoenix Towers International, T-mobile Towers and VimpelCom.
Marea and Dunant, two transatlantic submarine cables, will be powered by Telxius and Ciena, networking systems, services, and software company. Through Cienas Spectrum Sharing subsea network infrastructure, Telxius can offer highly flexible managed spectrum services as well as customized virtual fiber pairs to customers. Helios Towers reaches agreements with Airtel Africa Group companies to acquire and roll over 2,500 sites by March 2021. Airtel Africa signed agreements to acquire its infrastructure operations in Madagascar and Malawi and an exclusive memorandum of understanding to acquire Airtels infrastructure in Chad and Gabon. With the collaboration of Huawei Technologies and CMPak, Zong 4G successfully implements Pakistans first Smart 8T8R in March 2021. In Lahore, Smart 8T8R was implemented on CMPaks (Zongs) existing 4T4R network. Technological advancement has increased the capacity by 1.8 times, greatly improving the user experience. In particular, the launch of Smart 8T8R in Pakistan will pave the way for future technologies, including 5G.
Telecom Tower Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2032)
• Data breakdown for every market segment (2022 – 2032)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2032)
• Tower Structure
• Mast Structure
Application Analysis (Revenue, USD Million, 2022 - 2032)
Region Analysis (Revenue, USD Million, 2022 - 2032)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Telecom Tower Market Companies
• American Tower
• AT&T Towers
• Crown Castle International
• Eaton Towers
• GTL Infra
• Helios Towers Africa
• IHS Towers
• Indus Towers
• Phoenix Towers International
• T-mobile Towers
United States Telecom Tower Market Research Report
Europe Telecom Tower Market Research Report
Asia Pacific Telecom Tower Market Research Report
India Telecom Tower Market Research Report
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