Telecom Tower Market

Global Telecom Tower Market Size (2024 to 2029)

The Global Telecom Tower Market is predicted to reach USD 3.74 billion in 2024 and USD 7.07 billion by 2029, growing at a CAGR of 13.59% during the forecast period.

Current Scenario of the Global Telecom Tower Market

Technological advances and innovations have played a key role in the evolution of the modern telecommunications sector, and the trend is predicted to continue in the coming years. Today, players in today's telecom tower market are primarily focused on innovations, the integration of new technologies, and the development of sustainable solutions to improve the efficiency and performance of their telecom towers. In addition, several players are joining the zero diesel and zero damage trend, thanks to which the telecom tower market is heading towards a sustainable and green future. In addition, market players are also predicted to improve customer satisfaction and enhance employee engagement to gain a firm foothold in today's telecom tower market landscape.

Telecom towers are the backbone of any mobile telecommunications system. The telecom tower is a structure that houses a transceiver to maintain connection with thousands of mobile phones and the Mobile Telephone Switching Office (MTSO). The telecommunication tower provides a wide multi-channel frequency range to thousands of mobile phones in the network area. The main advantage of multichannel frequency is that it can offer dozens of mobile phones on a single network, such as conference calls, where many devices are connected to a single network and can transmit and receive simultaneously. In addition, it offers better data transfer rates and better connectivity. The telecommunication towers are large steel structures with a transceiver unit on top to cover the maximum area possible.

MARKET DRIVERS

The market for telecom towers depends primarily on the density of mobile subscribers and the number of telecommunications service providers in any region.

The growing reach of mobile phones in almost all remote areas and the escalating competition among service providers for better network coverage are some of the current drivers of the telecom tower market. Furthermore, the height limits allowed in any area limit the service provider from installing multiple towers in small areas. Furthermore, the increase in the number of telecom, Internet, Wi-Fi, and broadband providers is predicted to drive the telecommunication tower market during the foreseen period. Various players in the telecom tower market are primarily focused on minimizing energy costs and energy consumption due to growing environmental concerns. In its quest to minimize diesel consumption and reduce carbon footprint, adopting renewable energy technologies (RET) will increase during the evaluation period.

The mobile telecommunications industry has experienced a significant expansion rate over the past decade and is predicted to expand steadily among different generations of network communications. From "0G" mobile telecommunications service (MTS) to the current long-term evolving 4G (LTE), mobile telecommunications has become a necessity for everyone. Second-generation (2G) mobile telecommunications have greatly boosted the mobile telecommunications industry by surprising consumers with an Internet browsing offering on mobile phones and clear voice calling functions. Most countries now have 4G connectivity, a dense network system offering real-time voice calls, and an improved data transfer rate. Furthermore, few countries like Japan and the United States implement 4.5G and develop 5G network communications.

Recent trends have shown strong prospects for strengthening the telecom tower network, where multiple new technologies are likely to develop. Ongoing research on “The Internet of Things (IoT),” real-time security monitoring and accessibility, remote health services, etc. They are emerging technologies that are predicted to increase the load on the telecom tower in the coming years. Telecom service providers and vendors invest in green towers due to benefits like reduced OPEX and low carbon emissions. The escalating emphasis on renewable energy sources to reduce carbon emissions drives investment in green towers. This development should positively impact the overall expansion of the market.

MARKET RESTRAINTS

Meanwhile, the harmful effects of high-frequency radio waves or microwaves on humans and the environment are predicted to limit the market for telecommunication towers. Government regulations and telecommunications authorities are predicted to restrict the telecom tower market. Additionally, high installation costs, high operating costs, and restricted space are other factors that can slow the expansion of the telecom tower market.

Impact of COVID-19 on the Global Telecom Tower Market

As the new COVID-19 infection spreads rapidly, governments must impose strict blockades and restrict movement across national and international borders. As a result, the use of data in various parts of the world has grown exponentially, and governments worldwide have exempted the telecommunications sector from blocking it. Furthermore, governments worldwide have viewed telecommunications as an essential service amid the ongoing pandemic, as operations in the telecommunications industry are unlikely to be affected.

REPORT COVERAGE

REGIONAL ANALYSIS 

The telecom tower market is predicted to experience impressive worldwide expansion during the foreseen period. The presence of major telecommunications companies in developed regions, including North America and Europe, along with the market size of the Asia-Pacific region, are some of the main factors offering promising prospects for the overall expansion of the worldwide telecom tower market.

The telecommunications boom in countries such as India and China has played a central role in developing the telecom tower market in the Asia-Pacific region, and based on current observations, the trend is predicted to continue during the foreseen period. The exponential increase in smartphone users and high internet penetration in India and China due to falling data prices are predicted to boost the telecom tower market in the Asia Pacific region. In addition, growing government support and favorable policies are also predicted to play a critical role in the evolution of the telecom tower market during the evaluation period. In India, the government has granted telecom towers the status of "infrastructure," a step that classifies telecom towers on a par with power generation, hospitals, ports, etc. As a result, investments in the telecom tower market are predicted to increase at a constant rate. The Asia-Pacific region accounted for the largest share of the worldwide telecom tower power systems market. The region is predicted to maintain its dominant position throughout the evaluation period. Advances in telecommunications infrastructure in countries such as India and China are reflected favorably in the APAC region's telecom tower power systems market. In addition, there has been a substantial increase in the user base of the 3G / 4G network. The growing penetration of the Internet in the region requires the installation of more telecom towers. Local policymakers are launching initiatives to improve connectivity in rural and remote areas, supporting market expansion.

KEY PARTICIPANTS IN THE GLOBAL TELECOM TOWER MARKET

The major companies operating in the global telecom tower market include China Mobile Ltd., Verizon Communications Inc., AT&T Inc., Vodafone Group Plc, Bharti Telecom Ltd., China Unicom Ltd., Telenor Group, MTN Group, and Telstra Corp. Ltd. In contrast, some examples of third-party tower erection and service providers include – Indus Towers Ltd., 3Z Telecom, GTL Infrastructure Limited, Tower Systems, Inc., American Tower Corporation, Reliance Infratel Limited, LeBLANC Communications (M) Sdn.Bhd., ATC IP LLC., and Vertical Bridge, LLC.

RECENT HAPPENINGS IN THE GLOBAL TELECOM TOWER MARKET

• Ericsson launches a telecom tower for the Indian market. Swedish telecommunications equipment company Ericsson unveiled Tower Tube on Thursday, its latest concept for a radio base station site for the Indian telecommunications market in Hyderabad.

DETAILED SEGMENTATION OF THE GLOBAL TELECOM TOWER MARKET INCLUDED IN THIS REPORT

This research report on the global telecom tower market has been segmented and sub-segmented based on the type, power source, component, and region.

By Type

• On-Grid
• Off-Grid

The on-grid sector is predicted to be highly attractive over the next few years. 

By Power Source

• Diesel
• Solar
• Battery
• Wind
• Others

The diesel-battery segment accounts for the biggest share of the industry based on value.

By Component

• Rectifiers
• Batteries
• Controllers
• Inverters
• Power Distribution Unit
• Generator
• Others

The batteries segment holds the biggest industry share, with a valuation of USD 557 million in the year 2021.

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa