Press release
Telecom Tower Global Market Report 2024 - By Size, Share, Trends, Demand, Forecast To 2033
Telecom Tower
The Business Research Company offers in-depth market insights through Telecom Tower Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The telecom tower market size has grown rapidly in recent years. It will grow from $52.6 billion in 2023 to $59.41 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to increasing mobile data usag*, telecom infrastructure sharing practices, government initiatives, carrier competition and network densification, urbanization and population growth.
The telecom tower market size is expected to see rapid growth in the next few years. It will grow to $92.05 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to edge computing expansion, iot and smart city infrastructure, rural connectivity initiatives, densification for network capacity, transition to open ran architecture. Major trends in the forecast period include adoption of modular and flexible tower configurations, use of advanced materials and construction techniques, regulatory compliance and public concerns, focus on aesthetic tower designs, microcell and small cell deployments.
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Market Segmentation:
The telecom tower market covered in this report is segmented -
1) By Type of Tower: Lattice Tower, Guyed Tower, Monopole Towers, Stealth Towers, Other Types
2) By Fuel Type: Renewable, Non-Renewable
3) By Installation: Rooftop, Ground-Based
4) By Ownership: Operator-Owned, Joint Venture, Private-Owned, Mobile Network Operator (MNO) Captive
Major Driver - Surge In Mobile Communication Drives Growth In The Telecom Tower Market
The increased *usage of mobile communication is expected to propel the growth of the telecom tower market going forward. Mobile communication refers to communication using technology that allows communication through mobile phones, portable smartphones, and tablet computers with others in different locations. Telecom towers, such as mobile phone towers, have electronic equipment and antennas that send and receive signals, allowing wireless communication for mobile phones over long distances. For instance, in March 2023, according to the International Telecommunication Union, a Switzerland-based specialized agency of the United Nations that is responsible for information and communication technology-related matters, the percentage of the male world population owning mobile phones increased to 79% in 2022, 5% up from 74% in 2021. The increased usage* of mobile communication is driving the telecom tower market.
Competitive Landscape:
Major companies operating in the telecom tower market report are China Tower Co. Ltd., American Tower Corp., Indus Tower Ltd., Crown Castle International Corp., SBA Communication Corp., AT&T Inc., Bharti Infratel Ltd., Helios Towers Africa, Cellnex Telecom SA, T-Mobile US Inc., GTL Infrastructure, Phoenix Tower International, IHS Towers, Telstra Corp. Ltd., Telesites S.A.B de C.V., Verizon Communications Inc., Viom Networks, edotco Group, Tower Bersama Infrastructure, Grupo TorreSur, China Energy Engineering Corporation Limited, United States Cellular Corporation, Vertical Bridge Holdings LLC, InSite Wireless Group LLC, Global Tower Partners, Lendlease Towers, Frontier Tower Solutions, Telxius Towers, Wireless Infrastructure Group, Eaton Towers
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Top Trend - Innovative Starlink-Powered Mobile Tower To Expand Remote Network Reach
Product innovation is a key trend gaining popularity in the telecom tower market. Major companies operating in the telecom tower market are focused on developing new solutions to sustain their position in the market. For instance, in December 2022, KDDI Corporation, a Japan-based telecommunications operator, launched a Starlink-powered mobile tower in Japan and eventually expanded its network of remote buildings to 1,200. Starlink satellites are positioned over 65 times closer than conventional geostationary satellites in low earth orbit (LEO) at an altitude of 550km to provide more reliable Internet broadband service in remote locations.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Telecom Tower Market Characteristics
3. Telecom Tower Market Trends And Strategies
4. Telecom Tower Market - Macro Economic Scenario
5. Telecom Tower Market Size And Growth
…..
27. Telecom Tower Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
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