PUBLISHER: Lucintel | PRODUCT CODE: 1416817
PUBLISHER: Lucintel | PRODUCT CODE: 1416817
The future of the global telecom tower market looks promising with opportunities in the rooftop and ground based markets. The global telecom tower market is expected to reach an estimated $5.9 million by 2030 with a CAGR of 3.1% from 2024 to 2030. The major drivers for this market are increasing reach of mobile phones, increasing competition among service providers, and increasing number of telecom service providers, and increasing data usage.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global telecom tower by tower type, installation, fuel type, ownership, and region.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies telecom tower companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the telecom tower companies profiled in this report include-
Lucintel forecasts that lattice towers will remain the largest segment over the forecast period due to weight of a lattice tower is spread over a greater area, which reduces the pressure on the foundation and ground, leading to a lighter structural design.
Within this market, ground based will remain the larger segment due to availability of land and less human population in remote areas.
North America is expected to witness highest growth over the forecast period due to supporting initiatives by the governments, increasing wireless data usage, subscriber adoption of advanced wireless data applications, and densification of advanced networks by wireless service providers.
Market Size Estimates: Telecom tower market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Telecom tower market size by various segments, such as by tower type, installation, fuel type, ownership, and region in terms of value ($M).
Regional Analysis: Telecom tower market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different tower type, installation, fuel type, ownership, and regions for the telecom tower market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the telecom tower market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Q1. What is the telecom tower market size?
Answer: The global telecom tower market is expected to reach an estimated $5.9 million by 2030.
Q2. What is the growth forecast for telecom tower market?
Answer: The global telecom tower market is expected to grow with a CAGR of 3.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the telecom tower market?
Answer: The major drivers for this market are increasing reach of mobile phones, increasing competition among service providers and increasing number of telecom service providers, and increasing data usage.
Q4. What are the major segments for telecom tower market?
Answer: The future of the telecom tower market looks promising with opportunities in the rooftop and ground based markets.
Q5. Who are the key telecom tower market companies?
Answer: Some of the key telecom tower companies are as follows:
Q6. Which telecom tower market segment will be the largest in future?
Answer: Lucintel forecasts that lattice towers will remain the largest segment over the forecast period due to weight of a lattice tower is spread over a greater area, which reduces the pressure on the foundation and ground, leading to a lighter structural design.
Q7. In telecom tower market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to supporting initiatives by the governments, increasing wireless data usage, subscriber adoption of advanced wireless data applications, and densification of advanced networks by wireless service providers.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.