Dublin, Dec. 06, 2024 (GLOBE NEWSWIRE) -- The "Telecom Towers - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Telecom Towers was estimated at US$37.1 Billion in 2023 and is projected to reach US$52.4 Billion by 2030, growing at a CAGR of 5% from 2023 to 2030.
The growth in the telecom tower market is driven by several factors, including the global adoption of 5G technology, rising data consumption, and government initiatives aimed at expanding digital connectivity. The ongoing rollout of 5G networks is a major catalyst, as telecom operators worldwide race to deploy the infrastructure needed to support next-generation mobile networks. The higher data speeds and low latency promised by 5G require denser tower networks, with a mix of macro towers, small cells, and distributed antenna systems (DAS) to achieve seamless connectivity. This demand for expanded infrastructure is spurring investment in telecom towers, as operators build out their networks to deliver 5G capabilities. In regions where 5G deployment is already underway, telecom companies are focusing on filling coverage gaps, boosting demand for tower installations in both urban and suburban areas.
The surge in mobile data consumption, driven by smartphones, streaming services, and IoT applications, is another significant growth driver. As consumers and businesses increasingly rely on mobile data for communication, entertainment, and remote work, the need for robust, reliable networks has intensified. Telecom towers provide the backbone for these networks, ensuring that carriers can handle high data traffic while maintaining quality of service. Additionally, the proliferation of IoT devices across sectors like transportation, agriculture, and smart cities has added new layers of demand, as these devices require reliable connectivity to operate effectively. This trend is expected to continue as new digital services emerge, driving further investment in telecom tower infrastructure to support ever-growing data requirements.
Government initiatives aimed at expanding digital access and improving connectivity in rural and underserved areas are also fueling growth in the telecom tower market. Many governments have launched programs to enhance rural connectivity, providing subsidies, incentives, and partnerships to encourage tower deployment in remote regions. These initiatives are aligned with goals to reduce the digital divide and promote digital inclusion, ensuring that rural communities have access to the same digital resources as urban areas.
In addition, infrastructure-sharing policies supported by regulatory bodies are encouraging telecom operators to share tower sites, reducing costs and accelerating deployment in challenging environments. This collaborative approach benefits telecom operators by lowering capital expenditures and enables faster network expansion, especially in emerging markets. Together, these trends - 5G rollout, rising data consumption, and governmental support for connectivity - are driving growth in the telecom tower market, making it an essential pillar of modern communication infrastructure globally.
Scope of the Study
The report analyzes the Telecom Towers market, presented in terms of market value (US$ Million).
Segments
- Tower Type (Lattice Towers, Guyed Towers, Monopole Towers, Stealth Towers, Other Tower Types)
- Installation Type (Ground-based Installation, Roof-Top Installation); Deployment (Shared Infrastructure Deployment, Owned Deployment)
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Lattice Towers segment, which is expected to reach US$24.9 Billion by 2030 with a CAGR of a 6.8%. The Guyed Towers segment is also set to grow at 4.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $10.1 Billion in 2023, and China, forecasted to grow at an impressive 8.6% CAGR to reach $11.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Telecom Towers Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Telecom Towers Market such as American Tower Corporation, China Tower Corporation, GTL Infrastructure, Hebei Changtong Steel Structure Co., Ltd., Helios Towers plc and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 49 companies featured in this Global Telecom Towers Market report include:
- American Tower Corporation
- China Tower Corporation
- GTL Infrastructure
- Hebei Changtong Steel Structure Co., Ltd.
- Helios Towers plc
- IHS Holding Limited (IHS Towers)
- Indus Towers
- MV Infra Services Pvt. Ltd.
- PT Telkom Indonesia (Persero) TBK
- Qingdao Megatro Mechanical and Electrical Equipment Co., Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 382 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $37.1 Billion |
| Forecasted Market Value (USD) by 2030 | $52.4 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- World Market Trajectories
- Telecom Towers - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Growth in 5G Network Deployments Drives Telecom Tower Market
- Increasing Mobile Data Usage Expands Demand for Telecom Towers
- Rise in Remote Working Trends Spurs Expansion of Telecom Infrastructure
- Government Investments in Rural Connectivity Boost Tower Demand
- Technological Advancements in Tower Sharing Models Propel Market Growth
- Rapid Urbanization Supports Demand for Telecom Infrastructure Expansion
- Public-Private Partnerships Drive Investment in Telecom Tower Expansion
- Tower Colocation Services Expand Addressable Market Opportunity
- Increased IoT Device Connectivity Drives Market for Telecom Towers
- Expansion in Fiber-Connected Towers Boosts Market Potential
- Increased Data Center Deployments Strengthen Telecom Tower Demand
- Pressure to Expand Network Coverage Drives Market in Emerging Regions
- Regulatory Push for Broadband Expansion Bolsters Telecom Tower Market
FOCUS ON SELECT PLAYERS
- American Tower Corporation
- China Tower Corporation
- GTL Infrastructure
- Hebei Changtong Steel Structure Co., Ltd.
- Helios Towers plc
- IHS Holding Limited (IHS Towers)
- Indus Towers
- MV Infra Services Pvt. Ltd.
- PT Telkom Indonesia (Persero) TBK
- Qingdao Megatro Mechanical and Electrical Equipment Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/fd8etw
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