Telecom Towers Market Share, Size, Forecast and Trends by 2028

(IT-NEWSWIRE.COM, August 19, 2021 ) Market Overview

Telecom towers are tall structures which are designed to support antennas for enabling telecommunications and broadcasting. These towers provide effective wireless communication and data transfer.

Market Dynamics

The market is driven by the rising demand for broadband connections with advanced technology to increase internet connectivity through smartphones worldwide

According to the International Telecommunication Union, in 2020, the number of internet users has increased to around 59.5% of the global population, equivalent to around 4.66 billion people. Thus, the internet user penetration is increasing worldwide, which has created a huge demand for telecom towers over the forecasted period. As per the recent report of the Sustainability Accounting Standard Board Organization in 2020, the telecom industry's global revenue has reached around USD 1.6 trillion.

There is a rise in the digital technology adoption like penetration of 5G network for providing a better network facility to the mobile and broadband internet users creating a huge opportunity for the telecom tower market. Also, the global demand for the Internet of Things (IoT) connectivity, increased usage of mobile apps and continuous innovations using cutting-edge technologies has enhanced the quality and speed of delivery of services which has boosted the Telecom Towers Market. For instance, In April 2019, South Korea launched its 5G networks to the public. As of August 2020, approximately twelve per cent of active mobile subscriptions in the country were 5G subscriptions. Furthermore, in July 2019, Vodafone Company launched a 5G service in seven cities of the United Kingdom and more than 20 cities of Europe to establish 120 base stations and telecom towers in 2019. As of March 2021, Vodafone Group PLC and its subsidiaries have the largest 5G presence in Europe.

The Government rules and regulations hinder the growth of the telecom enterprise services market, as telecommunications is a heavily regulated sector. Health problems arising due to the radiations transmitted from it has made it necessary for the governments to intervene and regulate this sector. Strict rules and regulations often drive away companies looking to invest in it. Also, there is not much incentives from the governments to attract new companies.

Segment Analysis

By Type of Tower

• Radio Frequency

• Bluetooth

By Distribution Channel

• Guyed Towers

• Stealth Towers

• Mobile Cell Towers

• Monopole Towers

• Lattice Tower

By Installation

• Ground-based

• Rooftop

By Ownership type

• Private Owned

• Joint Venture

• Operator Owned

Geographical Presentation

By region, the global Telecom Towers market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa.

Among all of the regions, North America is the dominant region for the global telecom towers market. It is expected to grow at the highest CAGR during the forecasted period due to advanced technology and growing internet connectivity followed by the European region. As of January 2021, PwC reported that in USA, the mobile operators had collectively covered 75% of the country with 5G. For the better connections of these wireless and connected devices in America, telecom power demand is continuously increasing.

The Asia Pacific is the fastest-growing region for the telecom tower market's growth due to the growing adoption of internet connectivity with the surge in population in this region. According to our World in Data Organization’s Statistics in 2021, the Asia Pacific region accounted for the highest number of internet users, around 2.38 billion, with India and China accounting for more than 20% of the number of internet users across the globe.

Competitive Analysis

The Global Telecom Towers Market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Telstra, AT&T Inc, Indus Towers Ltd., SK Telecom, Icomm Tele Limited., Mahanagar Telephone Nigam Ltd, Bharti Infratel Limited, Helios Towers Africa, Verizon, Aster Pvt Ltd., SBA Communications Corporation, and American Tower Corporation are the leading market players with significant market share.

The intense competition in the telecom industry has forced all the operators to seek opportunities to reduce the cost of operations by outsourcing network related activities, which demand huge capital expenditure and operating expenditure. While some of the companies created their own tower companies, a few others merged and formed joint ventures.

Companies are entering into collaborations, acquisitions, mergers, and licensing for increasing their market penetration. For instance, in April 2018, Bharti Airtel Ltd., Idea Cellular, and Vodafone Group announced an agreement for the merger of Indus Towers and Bharti Infratel to create the largest mobile tower operator in the world outside China with over 1,69,000 towers across 22 telecom service areas in India. In 2020, Brookfield Infrastructure, the Canadian asset management company, partnered with Reliance Industries to invest around USD 3.55 billion (Rs 25,215 crore) into Reliance’s tower assets to strengthen Reliance Jio Infocomm.

Related Topics

Radiofrequency Ablation Devices Market, Latin America Telecom Towers Market, Micro Nuclear Reactors Market, Air Quality Control Systems Market, Marine Cranes Market

DataM Intelligence

Sai Kiran

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pr@datamintelligence.com

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Telecom Towers Market Share, Size, Forecast and Trends by 2028