Global Telecom Towers Market - 2023-2030

Market Overview

Telecom Towers Market was valued at US$ XX billion in 2022; it is projected to reach US$ XX billion by 2030, with growth at a CAGR of 9.0% over the forecast period 2023-2030.

Market Dynamics

Telecommunication towers are a group of steel structures that house telecommunications and broadcasting antennas. Wireless communication, such as mobile networking, television antennae and radio transmission, are all connected by telecom towers. Tower-sharing is one of the most important developments in the telecom business, as it provides benefits such as cost savings and faster data rollout.

Increasing penetration of smartphone and internet users is a major driver for the global telecom towers market:

The global telecom towers sector is expected to rise as the number of smartphone users increases. Mobile phone users are growing in almost every remote location, increasing competition among service providers to provide better network coverage. Furthermore, an increasing number of telephone service providers, internet service providers, Wi-Fi and broadband service providers are predicted to drive the growth of the global telecom towers market over the forecast period.

High costs of installation and operation are expected to restrain the global telecom towers market:

Due to high authorization fees imposed by municipal corporations and local governments globally, tower installation costs have skyrocketed. Multiple taxes masquerading as renewal fees, sharing fees and development fees are charged, all with the sole intention of boosting government revenue. Lease costs range from hundreds of dollars per month to tens of thousands of dollars per month. The site's location, its elevation, the distance to other towers, if there is a dense population or heavy traffic nearby and local zoning rules all influence the leasing rate. High installation and operation costs are expected to prevent the growth of the global telecom towers market.

The ongoing transition to 5G networks is expected to generate new opportunities for the global telecom towers market:

Currently, the world is transitioning from 4G to 5G communication networks. 5G is expected to provide faster speeds and more reliable network service over 4G. Due to a large number of potential applications, a denser network of telecom towers is required for the smooth functioning of 5G network technology. The ongoing transition to 5G networks is expected to significantly boost the opportunities for the global telecom towers market.

Growing concerns about the harmful effects of high-frequency radio waves are expected to present challenges for the global market:

Telecom towers have always had an adverse environmental impact. Mobile tower radiation has always been an issue and it is now recognized as an unseen and subtle pollutant that may have various effects on life forms. The electromagnetic radiation emitted by telecom towers has various effects on humans and wildlife. As a result of radiation, animal populations may decline and the health of plants near radiation sources may worsen. Growing concerns about the harmful effects of high-frequency radio waves will be a major challenge for the growth of the global telecom towers market.

COVID-19 Impact Analysis

The global telecom towers market was affected by the COVID-19 pandemic. The supply chain for the fundamental materials used in tower installation was disrupted due to the pandemic. There was a staffing shortage due to lockdowns and migrations, leading to difficulty in executing maintenance operations and market instability resulting in massive losses due to tower construction project delays. The global telecom tower market has borne the brunt of the lockdowns. The pandemic is not expected to impact the long-term growth of the global telecom towers market.

Recent Developments in the Industry:

In July 2022, India's department of telecommunications (DoT) announced the backhaul of telecom towers in preparation for the transition to 5G technology standards.

In July 2022, Vodafone partnered with Telecom Italia to build telecom towers for 5G coverage in rural Italy.

Market Segmentation:

The scope of the report covers segmentation based on fuel, type, installation, ownership type and region. The global telecom towers market is segmented by fuel into renewable and non-renewable. The global telecom towers market is segmented by type into guyed towers, stealth towers, mobile cell towers, monopole towers and lattice towers. The global telecom towers market is segmented by installation into ground-based and rooftop. The global telecom towers market is segmented by ownership type into privately owned, mobile network operator-owned, joint venture and operator owned. The global telecom towers market is segmented by region into North America, South America, Europe, Asia-Pacific, Middle East and Africa.

Guyed Tower: Guyed towers are part of the telecommunication infrastructure network. These towers are backed by cables to stabilize the tower and are located in a wide geographical area to improve signal coverage and extend network services. A guyed tower is a light- to heavy-weight communication tower formed with straight rods aligned in a triangular pattern but supported with wires at all angles. Guyed towers are particularly tall, attaining heights as high as 2,000 feet and are typically employed to support antennas high off the ground, providing greater signal strength and cell reception.

Stealth Tower: Stealth towers are widely deployed to satisfy zoning regulations. They are more costly than other towers because they need additional materials to build a concealed appearance. Their smaller also size typically causes them less efficiency. This type of structure is applied whenever there may be a requirement to hide a tower in plain sight. They are produced to ensure that the towers blend in with their surroundings. These towers can shape many other objects, such as signs and flagpoles.

Mobile Cell Tower: Mobile cell towers, also known as cells on wheels, are recognized as low-profile and portable towers because they are often installed on trailers. The towers are portable, small footprint, discreet and versatile. They are often used in temporary or emergencies; however, they are useful if funds or permits are concerned.

Monopole Tower: A monopole is a single pole built from galvanized metal sections stacked on top of each other to achieve the necessary height. Typically the tower has a sleeker look than a lattice tower and ranges from 50 feet to 175 feet. Because of the instability of using a single pole, the length of these structures cannot surpass 200 feet. The application of monopole towers is suitable when space is limited.

Lattice Tower: The lattice towers are also called "self-supporting towers" and are typically constructed in triangular or square shapes. These towers have the utmost stability and flexibility associated with other cell tower types.

Regional Classification:

According to the DataM Intelligence market research report, the global Telecom towers market is divided into North America, South America, Europe, Asia-Pacific, Middle East and Africa.

U.S. market is turned out to be one of the most competitive landscapes for major vendors offering their services globally. Many companies are investing major chunks in establishing their business in U.S. market, with growing demand for 5G telecom. In recent years, mobile wireless services have been the largest and fastest-growing sector of the telecommunications industry in Canada. The ongoing transition to 5G and adoption of emerging technologies such as IoT is expected to boost the growth of the North American telecom towers market.

Germany has one of Europe's largest telecom marketplaces, with several major carriers providing robust competition in the mobile and broadband sectors. Mobile carriers in other major countries in the region, such as France and UK, are installing new telecom towers to expand coverage in underserved areas. The expanding adoption of telecom towers will drive the growth of the European telecom towers market.

Asia-Pacific has had one of the fastest rates of adoption of smartphone and internet users. China is one of the region's biggest markets for telecom towers and the country is constructing many towers for the ongoing transition to 5G standards. India has become one of the world's fastest-growing digital economies and the greatest data consumer in the last decade. The telecom tower sector has been a driving force behind the internet revolution in the country. The fast smartphone penetration rate in major countries such as China and India will be the major factor in driving the growth of the Asia-Pacific telecom towers market.

Competitive Analysis:

The global telecom towers market is fragmented, with major international players having a large market share. The major players are adopting various strategies to dominate the market, such as launching new technologies, acquisitions, regional and international expansion and collaborations.

Major Companies:

Some key companies contributing to the global Telecom towers market growth include Telstra, AT&T Inc, Indus Towers Ltd., SK Telecom, American Tower Corporation, Bharti Infratel Limited, Icomm Tele Limited. Helios Towers Africa, Verizon, Aster Pvt Ltd. and SBA Communications Corporation, among others.