Telecom Tower Market Size to grow by USD 15.34 billion between 2024-2028
According to a research report “ Telecom Tower Market” by Deployment (Ground-based, Roof-top) Business Segment (Operator-led tower companies, MNO captive sites, Independent tower companies, Joint venture infrastructure companies) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 15.34 billion, at a CAGR of 6.98% during the forecast period. In the telecommunications industry, Fixed Wireless Access (FWA) is a valuable solution for delivering high-speed broadband connectivity in regions where wired infrastructure deployment is difficult. Telecom towers serve as essential infrastructure for extending wireless coverage to underserved or rural locations, enabling FWA implementation. Compared to laying fiber-optic cables, FWA deployment is relatively quick and cost-effective, making it an attractive choice for bringing broadband services to areas with limited infrastructure. FWA functions as a last-mile connectivity solution, delivering high-speed Internet directly to homes and businesses without extensive physical cabling. This versatile technology is not confined to rural areas; it is increasingly adopted in urban and suburban environments as an alternative or supplementary broadband option. Telecom towers are instrumental in facilitating FWA deployment, extending wireless connectivity to a broader range of consumers and businesses.
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By Deployment, the Ground-based segment is projected to dominate the market size in 2024
Operator-led tower companies, also referred to as towercos, are specialized entities that own, manage, and maintain telecommunications towers and associated infrastructure for multiple Mobile Network Operators (MNOs). By outsourcing the ownership and management of their tower infrastructure to towercos, MNOs can focus on their core competencies and reduce costs through economies of scale and shared resources. Towercos offer MNOs the benefits of reduced capital expenditures and operational efficiencies, allowing them to focus on delivering high-quality services to their end-users. These collaborations enable MNOs to optimize their business operations while ensuring the reliable and efficient management of their tower infrastructure.
By Business Segment, Operator-led tower companies segment is expected to hold the largest market size for the year 2024
Ground-based telecom towers offer significant cost advantages over taller structures such as rooftop and monopole towers. Their streamlined design and straightforward installation process contribute to lower construction costs. The engineering required for ground-based towers is less complex, enabling faster deployment and ease of maintenance. These towers are engineered for durability, featuring reinforced lattice structures and guy wires for robust support. Their versatility allows for their use in various settings, including urban, suburban, and rural areas, making them an economical choice for telecom network expansion. Ground-based towers provide a stable and reliable foundation for telecommunications infrastructure, ensuring network resilience against various weather conditions.
APAC is forecasted to hold the largest market size by region in 2024
The Asia-Pacific (APAC) region, home to approximately 4.3 billion people or 60% of the global population, is witnessing a significant increase in mobile subscribers due to the widespread adoption of smartphones and the growing demand for mobile data services. This population boom, coupled with the need for enhanced network infrastructure to support increasing data usage, fuels the expansion of the APAC telecom tower market. The region's most populous countries, China and India, further underscore the necessity for telecom towers to meet the demands for increased network coverage, capacity, and data speeds.
The Telecom Tower Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
Telecom Towers have become a critical infrastructure component in modern telecommunications networks, supporting wireless communication for mobile devices and enabling various wireless communication services such as radio broadcast and IoT devices. These tall structures, equipped with antennas, play a pivotal role in providing uninterrupted network coverage for mobile networks and facilitating the rollout of advanced technologies like 5G connectivity and LTE-A technology. Telecommunication Towers are essential for wireless communication services, particularly in the context of the growing number of mobile devices and the increasing demand for high-speed internet. With the advent of 5G technology, the importance of telecom towers has become even more significant, as they are necessary for the deployment and maintenance of the complex infrastructure required for 5G networks. GCC countries have been investing heavily in telecoms infrastructure, recognizing the importance of reliable wireless communication services for their economies. The Gross Domestic Product (GDP) growth in these countries is directly linked to the development and expansion of their telecoms infrastructure, making telecom towers a vital investment. Tower-sharing has emerged as a popular trend in the telecom tower market, with mobile network operators collaborating to reduce costs and improve network coverage. This trend is expected to continue as the demand for wireless communication services continues to grow, and the need for 5G connectivity becomes increasingly urgent.
Market Research Overview
The Telecom Tower market is a critical component of modern telecommunications networks, providing the necessary infrastructure for Mobile Network Operators (MNOs) to deliver high-speed internet, voice calls, and data transfer services to users in urban areas. Telecom towers come in various forms, including ground-based installations and rooftop installations, and can be owned by MNOs themselves (MNO captive) or through joint ventures with infrastructure companies. The demand for telecom towers is driven by network infrastructure upgrade and expansion, as well as the increasing adoption of smart devices, sensors, and online services such as buffer-free video streaming, on-demand content, live streaming events, and OTT platforms. Renewable energy sources are increasingly being integrated into telecom towers to improve sustainability and efficiency. The telecom tower industry has undergone significant changes in recent years due to privatization, deregulation, and the wireless revolution. Traditional telecom operators, such as Bell Mobility, Rogers, and TCI, have been joined by infrastructure companies like SBA Communications, Bharti Infratel, and TowerCos. The market is expected to grow further with the rollout of 5G technology and the increasing demand for IoT devices and applications. Telecom towers are essential for urban services such as cloud computing, big data analytics, and virtual communication, enabling remote working and smart city projects. They are also used for critical infrastructure components such as radar systems and cellular networks. The market is expected to grow significantly in the coming years, driven by the increasing mobile subscriber base, 5G subscriptions, and the need for network capacity and coverage improvement.
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