PUBLISHER: IMARC | PRODUCT CODE: 1291411
PUBLISHER: IMARC | PRODUCT CODE: 1291411
The global telecom tower market size reached 4.7 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 5.7 Million Units by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.
A telecom tower refers to a freestanding mechanical signal processing structure that includes a receiver, antennae, and dish for performing wireless communication and data transfer operations. It is engineered in varying sizes across different geographical locations based on population density. Telecom tower aids in connecting electronic signals, enabling communication amongst consumers and mitigating saturation of electronic devices. On account of these properties, a telecom tower is extensively used for transmitting communication signals and supporting antennas of radio and television (TV) broadcasting and mobile networks. At present, it is commercially available in stealth, guyed, monopole, and lattice tower types that can be driven by various renewable and non-renewable fuels.
The global telecom tower market is primarily driven by the increasing demand for various cellular devices, including mobiles, televisions (TVs), and tablets, along with the rising need for high-speed connectivity and reliable communication network in rural and off-grid locations. Additionally, the sudden outbreak of coronavirus disease (COVID-19) pandemic and the consequent implementation of mandatory lockdowns have prompted the extensive uptake of several consumer electronics for performing multiple business-related operations, such as video conferencing and remote working. This, in turn, supplemented the investments in long-term evolution-advanced (LTE-A) networks and the installation of telecom towers by governments of different nations for managing data traffic, which is acting as another growth-inducing factor. In line with this, the integration of the internet of things (IoT) solutions and cloud infrastructure with cellphone networks have facilitated the widespread adoption of telecom towers for delivering high-speed network services, which is propelling the market growth. Other factors, such as rapid digitization, the introduction of fourth and fifth-generation (4G/5G) LTE, and the frequent mergers and acquisitions (M&A) amongst mobile network operators (MNOs) for maintaining telecom towers, are creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global telecom tower market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type of tower, fuel type, installation and ownership.
The competitive landscape of the industry has also been examined along with the profiles of the key players being American Tower Corporation, AT&T Inc, Cellnex Telecom S.A., China Tower Corporation Limited, Crown Castle, GTL Infrastructure Limited, Helios Towers plc, IHS Holding Limited, Indus Towers Limited (Bharti Airtel), SBA Communications Corporation, Telesites S.A.B de C.V. and Viom Networks.