Global Telecom Equipment Market Size By Type (Network Communication Equipment, Mobile Communication Device, and Optical Communication Equipment), By Application (Consumer Electronics, Banking, Media, Retail), By Geographic Scope And Forecast

List of Tables

Telecom Equipment Market Size And Forecast

Telecom Equipment Market size was valued at USD 614.87 Billion in 2024 and is projected to reach USD 978.76 Billion by 2032, growing at a CAGR of 6.60% from 2026 to 2032.

The boom in the smartphone industry and the accessibility of smartphones are anticipated to grow the Telecom Equipment market. More companies are investing capital in data hardware such as cell towers, satellite communication, and broadband spectrum. All these factors have led to more sales of Telecom Equipment such as micro receivers, phones, and ethernet cables. The Global Telecom Equipment Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Telecom Equipment Market Definition

Telecom equipment consists of hardware used in a communication system such as wireless packet cores, carrier IP telephony, mobile radio access network (ran), broadband access and home networking, routers & carrier Ethernet switches, optical transport, etc. The telecommunication industry has seen tremendous technological advances in the past couple of decades due to the increasing capability and reaches of broadband, mobility, and internet services across the globe. Growing internet penetration and increasing adoption of smartphones are the major primary factors contributing to the growth of the Telecom Equipment Market around the world.

Global Telecom Equipment Market Overview

In the report, the market Overview section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The increasing adoption of smartphones and the growing penetration of the internet around the world are some of the significant factors affecting the growth of the Telecom Equipment Market. The Internet has made life simpler in several ways in recent years and is spreading ever more widely.

More companies are investing capital in data hardware such as cell towers, satellite communication, and broadband spectrum. All these factors have led to more sales of telecom equipment such as micro receivers, phones, and ethernet cables. In areas such as banking, transport, education, healthcare, shopping, and personal data analysis, the use of the Internet has increased. However, the high operating and maintenance cost of telecom equipment is likely to affect the growth of the market. Moreover, rising digital transformation is expected to provide lucrative opportunities for the market to grow over a period of time.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Telecom equipment" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Telecom Equipment Market: Segmentation Analysis

The Global Telecom Equipment Market is segmented on the basis of Type, Application, and Geography.

Telecom Equipment Market, By Type

Network Communication Equipment
Mobile Communication Device
Optical Communication Equipment

Based on Type, the market is bifurcated into Network Communication Equipment, Mobile Communication Device, and Optical Communication Equipment. Network Communication Equipment accounted for the largest market share in 2019. With ongoing technological advances in wireless LAN technology and high-speed Ethernet switches, the network communication equipment market is expected to witness growth.

Telecom Equipment Market, By Application

Consumer Electronics
Banking
Media
Retail
Defense
Other
On the basis of Application, the Global Telecom Equipment Market has been segmented into Consumer Electronics, Banking, Media, Retail, Defense, and Other. Consumer Electronics accounted for the largest market share in 2019.

Telecom Equipment Market, By Geography

North America
Europe
Asia-Pacific
The Middle East and Africa
Latin America
On the basis of Regional Analysis, the Global Telecom Equipment Market is classified into North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. North America is expected to hold the largest market share of Telecom Equipment over the forecast period followed by Europe. The growing investment in wireless communication infrastructures due to the change in consumer preference towards cloud-based technologies and mobile devices.

Key Players

The "Global Telecom Equipment Market" study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Huawei, Nokia, Ericsson, ZTE, FiberHome Telecommunication Technologies Co., LTD., Ciena, and Others.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Development
Huawei and MTS jointly implemented the world's first commercial use of Smart 8T8R in Moscow. Earlier in the first quarter of 2020, Huawei released the 8T8R solution, which incorporates software-defined antennas (SDAs), FDD dual-band 8T8R RRUs, and Huawei's innovative algorithms.
Nokia announced that Proximus has selected it, a subsidiary of Proximus Group to supply 5G coverage nationwide. The deal has been made for 7 years In order to cater to the growing demand for the development of connectivity, resilient infrastructures, and 5G by both consumers and business segments such as financial or manufacturing.
Ericsson announced the completion of its acquisition of the antenna and filter division of Kathrein, a world-leading provider of antenna and filter technologies.

Product Code: 62147

1 INTRODUCTION

1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS

2 RESEARCH METHODOLOGY

2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP DOWN APPROACH
2.1 RESEARCH FLOW

3 EXECUTIVE SUMMARY

3.1 MARKET OVERVIEW
3.2 GLOBAL TELECOM EQUIPMENT MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.3 GLOBAL TELECOM EQUIPMENT MARKET, BY TYPE (USD MILLION)
3.4 GLOBAL TELECOM EQUIPMENT MARKET, BY APPLICATION (USD MILLION)
3.5 GLOBAL MARKET SPLIT

4 MARKET OUTLOOK

4.1 GLOBAL TELECOM EQUIPMENT MARKET OUTLOOK
4.2 MARKET DRIVERS
- 4.2.1 RISING INTERNET PENETRATION AND ADOPTION OF SMARTPHONES
- 4.2.2 THE RAPID GROWTH OF THE INTERNET OF THINGS (IOT)
4.3 MARKET RESTRAINTS
- 4.3.1 HIGH OPERATING AND MAINTENANCE COST OF TELECOM EQUIPMENT
4.4 MARKET OPPORTUNITIES
- 4.4.1 INCREASING DIGITAL TRANSFORMATION
4.5 IMPACT OF COVID -19 ON TELECOM EQUIPMENT MARKET

5 MARKET, BY TYPE

5.1 OVERVIEW
5.1 MOBILE COMMUNICATION DEVICE
5.2 OPTICAL COMMUNICATION EQUIPMENT
5.3 NETWORK COMMUNICATION EQUIPMENT

6 MARKET, BY APPLICATION

6.1 OVERVIEW
6.2 CONSUMER ELECTRONICS
6.3 BANKING
6.4 RETAIL
6.5 MEDIA
6.6 DEFENSE
6.7 OTHERS

7 MARKET, BY GEOGRAPHY

7.1 OVERVIEW
7.2 NORTH AMERICA
- 7.2.1 U.S.
- 7.2.2 CANADA
- 7.2.3 MEXICO
7.3 EUROPE
- 7.3.1 GERMANY
- 7.3.2 U.K.
- 7.3.3 FRANCE
- 7.3.4 ITALY
- 7.3.5 RUSSIA
- 7.3.6 REST OF EUROPE
7.4 ASIA PACIFIC
- 7.4.1 CHINA
- 7.4.2 INDIA
- 7.4.3 JAPAN
- 7.4.4 AUSTRALIA
- 7.4.5 SOUTH KOREA
- 7.4.6 REST OF ASIA PACIFIC
7.5 LATIN AMERICA
- 7.5.1 BRAZIL
- 7.5.2 REST OF LATAM
7.6 MIDDLE EAST & AFRICA
- 7.6.1 SAUDI ARABIA
- 7.6.2 UAE
- 7.6.3 EGYPT
- 7.6.4 SOUTH AFRICA
- 7.6.5 TURKEY
- 7.6.6 REST OF MEA

8 COMPETITIVE LANDSCAPE

8.1 OVERVIEW
8.2 COMPETITIVE SCENARIO
8.3 COMPANY MARKET RANKING ANALYSIS

9 COMPANY PROFILES

9.1 HUAWEI
- 9.1.1 COMPANY OVERVIEW
- 9.1.2 COMPANY INSIGHTS
- 9.1.3 SEGMENT BREAKDOWN
- 9.1.4 PRODUCT BENCHMARKING
- 9.1.5 KEY DEVELOPMENTS
- 9.1.6 SWOT ANALYSIS
9.2 NOKIA
- 9.2.1 COMPANY OVERVIEW
- 9.2.2 COMPANY INSIGHTS
- 9.2.3 SEGMENT BREAKDOWN
- 9.2.4 PRODUCT BENCHMARKING
- 9.2.5 KEY DEVELOPMENTS
- 9.2.6 SWOT ANALYSIS
9.3 ERICSSON
- 9.3.1 COMPANY OVERVIEW
- 9.3.2 COMPANY INSIGHTS
- 9.3.3 SEGMENT BREAKDOWN
- 9.3.4 PRODUCT BENCHMARKING
- 9.3.5 KEY DEVELOPMENTS
- 9.3.6 SWOT ANALYSIS
9.4 ZTE
- 9.4.1 COMPANY OVERVIEW
- 9.4.2 COMPANY INSIGHTS
- 9.4.3 SEGMENT BREAKDOWN
- 9.4.4 PRODUCT BENCHMARKING
9.5 FIBERHOME TELECOMMUNICATION TECHNOLOGIES CO.,LTD
- 9.5.1 COMPANY OVERVIEW
- 9.5.2 PRODUCT BENCHMARKING
- 9.5.3 KEY DEVELOPMENTS
9.6 CIENA
- 9.6.1 COMPANY OVERVIEW
- 9.6.2 COMPANY INSIGHTS
- 9.6.3 SEGMENT BREAKDOWN
- 9.6.4 PRODUCT BENCHMARKING
- 9.6.5103
- 9.6.6 KEY DEVELOPMENTS
9.7 JUNIPER NETWORKS, INC.
- 9.7.1 COMPANY OVERVIEW
- 9.7.2 COMPANY INSIGHTS
- 9.7.3 SEGMENT BREAKDOWN
- 9.7.4 PRODUCT BENCHMARKING
9.8 FUJITSU
- 9.8.1 COMPANY OVERVIEW
- 9.8.2 COMPANY INSIGHTS
- 9.8.3 SEGMENT BREAKDOWN
- 9.8.4 PRODUCT BENCHMARKING
9.9 CISCO SYSTEMS INC.
- 9.9.1 COMPANY OVERVIEW
- 9.9.2 COMPANY INSIGHTS
- 9.9.3 SEGMENT BREAKDOWN
- 9.9.4 PRODUCT BENCHMARKING
9.10 SAMSUNG ELECTRONICS
- 9.10.1 COMPANY OVERVIEW
- 9.10.2 COMPANY INSIGHTS
- 9.10.3 SEGMENT BREAKDOWN
- 9.10.4 PRODUCT BENCHMARKING