Overview and Scope
A telecom tower is a freestanding mast, pole, free-standing tower, or other structure designed and primarily used for a public utility to support wireless telecommunications facility antennas. The telecom tower is outfitted with electrical equipment and antennas for transmitting and receiving signals to and from cell phones.
Sizing and 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.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/telecom-tower-global-market-report
Segmentation & Regional Insights
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
North America was the largest region in the telecom tower market in 2023. The regions covered in the telecom tower market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample_request?id=10498&type=smp
Major Driver Impacting Market Growth
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.
Key Industry Players
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
The telecom tower market report table of contents includes:
1. Executive Summary
2. Telecom Tower Market Characteristics
3. Telecom Tower Market Trends And Strategies
4. Telecom Tower Market – Macro Economic Scenario
5. Global Telecom Tower Market Size and Growth
.
.
.
31. Global Telecom Tower Market Competitive Benchmarking
32. Global Telecom Tower Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Telecom Tower Market
34. Telecom Tower Market Future Outlook and Potential Analysis
35. Appendix
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
