Telecom towers provide the infrastructure and
connectivity to mobile devices by hosting antennas and electronic equipment
necessary for mobile networks and wireless services. Greater reliance on
smartphones and increased demand for high-speed mobile data for activities like
streaming, gaming and social media are triggering a need for better network
coverage and connectivity.
The global
Telecom Towers Market is estimated to be valued at US$ 55.07 Bn in 2023 and is
expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as
highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increasing demand for high-speed mobile data and lack of adequate
infrastructure are compelling telecom operators and tower companies to deploy
more towers and upgrade existing towers to accelerate network expansion. 5G
technology rollout and the proliferation of IoT devices needing constant
connectivity will further drive demand for telecom towers with higher tower
density and new site builds over the forecast period. Telecom operators are
collaborating with independent tower companies to improve coverage in rural
areas and improve productivity, reducing Capex and Opex costs through
infrastructure sharing.
Segment
Analysis
The global telecom towers market is dominated by
independent tower companies segment. The segment accounted for over 60% share
of the overall market in 2023, as independent infrastructure providers have
significantly expanded towers footprint in most developing countries through
long-term contracts with operators, in a bid to offer passive infrastructure
services. These companies have huge tower portfolios and act as neutral hosts
for multiple operators, which makes their business model more sustainable in
the long run.
Key Takeaways
The global telecom towers market is expected to witness high growth over the
forecast period. Rapid expansion of mobile subscribers base across developing
nations, nationwide network coverage requirements, and increasing number of
tenants per tower are driving the demand for telecom infrastructure. Global
Telecom Towers Market Size is
estimated to be valued at US$ 55.07 Bn in 2023 and is expected to exhibit a
CAGR of 13% over the forecast period 2023 to 2030.
Regional analysis - Asia Pacific region currently dominates the global market
with over 35% share and is expected to maintain its leading position over the
next few years. Booming telecom sector in China and India, rising penetration
of smartphones, and implementation of advanced connectivity technologies like
5G are fueling the deployment of new towers in the region.
Key players operating in the telecom towers market are American Tower
Corporation, SBA Communications, Crown Castle International Corporation, GTL
Infra, Indus Towers, Phoenix Towers International, Reliance Industries, Eaton
Towers, Cellnex Telecom, and IHS Towers. The market is fairly consolidated with
top 10 players accounting for more than 50% share. However, entry of new
targeted independent tower companies in regional markets has enhanced
competition over last few years.
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