5.7 Million Units Telecom Tower Market | Size, Share, Cost Module and Forecast During 2023-2028

What is the Market Size of the Telecom Tower  Market ? :  

IMARC Group’s latest research report, titled “Telecom Tower Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global telecom tower market size reached 4.7 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 5.7 Million Units by 2028, exhibiting a growth rate (CAGR) of 3.3% during 2023-2028.

Telecom Tower Uses:

Telecom tower is tall structures developed to support antennas for telecommunications and broadcasting, including televisions. It is grouped in a geographical location where population density is high, and it connects a large number of smartphone users. The core function of telecom towers is to give proper elevation to telecom antennas that will accept and transmit radio frequency signals from smartphones and other devices. This, in turn, helps in avoiding saturation of the available capacity.

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Competitive Landscape with Key Players:

  • American Tower Corporation
  • AT&T Inc, Cellnex Telecom S.A
  • China Tower Corporation Limited
  • Crown Castle
  • GTL Infrastructure Limited
  • Helios Towers plc
  • IHS Holding Limited
  • Indus Towers Limited (Bharti Airtel)
  • SBA Communications Corporation
  • Telesites S.A.B de C.V.
  • Viom Networks

Telecom Tower Market Development and Advanced Technology: 

The global market is majorly driven by the increasing penetration of smartphones. In line with this, the rising demand for broadband connections with advanced technology is significantly contributing to the market growth. Furthermore, the growing penetration of the 5G network for providing a better network facility to mobile and broadband internet users is offering lucrative opportunities for market expansion. Apart from this, escalating demand for the latest energy efficiency devices to optimize electricity utilization and the data revolution is positively influencing the market growth. Moreover, the rising emphasis on improving internet connectivity in rural areas is one of the major factors accelerating the deployment of the telecom infrastructure in these areas, thereby catalyzing the market's growth. Besides, rapid technological advancements and increasing government efforts are propelling market growth. Additionally, the growing requirement for high-speed internet connectivity in rural and off-grid locations is providing a boost to market growth.

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Key Market Segmentation:

Breakup by Type of Tower:

  • Lattice Tower
  • Guyed Tower
  • Monopole Towers
  • Stealth Towers 

Breakup by Fuel Type:

  • Renewable
  • Non-Renewable 

Breakup by Installation:

  • Rooftop
  • Ground-Based 

Breakup by Ownership:

  • Operator-Owned
  • Joint Venture
  • Private-Owned
  • MNO Captive

 Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report: 

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape 

Related Report By IMARC Group:

About Us: 

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. 

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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