Global Telecom Towers Market Size By Installation (Ground Based, Rooftop), By Application (Communication, Radio), By Geographic Scope And Forecast

Telecom Towers Market Size And Forecast

Telecom Towers Market size was valued at USD 67,676.28 Million in 2023 and is projected to reach USD 112,441.62 Million by 2030, growing at a CAGR of 6.86% from 2024 to 2030.

The expansion of mobile networks into rural areas and investment in 5g connectivity and telecoms infrastructure are the factors driving market growth. The Global Telecom Towers Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Telecom Towers Market Definition

The global telecom tower market was experiencing growth due to the increasing demand for mobile and wireless communication services. Telecom towers are essential infrastructure for the deployment of wireless networks, including 4G and 5G technologies. People communicate with each other using telecommunication towers. These towers serve as the connection point for all wireless, mobile, radio broadcast, and television antennas. The entire collection of electronic signal processing units and mechanical structures that make up a complete telecommunication tower are utilized to link people through communication. These towers serve as the hub for all phone lines and cellular services. In addition, the military forces use these towers for radar systems. Towers of varying heights are employed for various reasons and in various locations.

Increase in 5G penetration is one of the major supporting factors behind the growth of telecom tower industry. The adoption of 5G technology worldwide increased significantly in the FY2022-23. Tower densification as a result of this trend enhanced network connection and decreased latency. Compared to other markets, India in particular is anticipated to witness a comparatively quick uptake of 5G services. Industry statistics indicate that the Indian 5G market is anticipated to reach USD 178 billion by FY 2031, growing at a Compound Annual Growth Rate (CAGR) of 43.8% between 2023 and 2031. Additionally, it projects that by 2028, 5G subscriptions will account for more than 50% of all mobile subscriptions in India. Tower density will rise as a result of increased 5G penetration.

Global Telecom Towers Market Overview

Significant changes and growth have marked the evolution of the global telecom tower market. The tower industry, as we know it today, started back in the mid-nineties in the United States, when companies came up with the idea of unlocking the value of towers by selling space to multiple tenants. The history of telecom towers can be traced back to the early days of radio broadcasting in the 1920s. The first towers were simple wooden structures that transmit radio signals over short distances. As radio technology evolved, so did the need for taller and more powerful towers.

In the 1950s, the development of television led to the construction of even taller towers. These towers were often guyed, meaning they were supported by cables anchored to the ground. The 1960s saw the introduction of cellular technology, which revolutionized how we communicate. Cellular towers are much smaller than radio and television but are more numerous. This is as cellular networks require a network of towers to provide coverage for a given area.

The telecommunications sector has seen rapid deregulation and innovation since the 1990s, leading to the privatization of government monopolies and the emergence of new competitors. In recent years, infrastructure companies that erect and operate cell towers have seen their valuations skyrocket, while traditional telecom operators have struggled to create value. This has led to a split in the industry’s performance, with tower companies experiencing significant growth and telecom operators facing challenges in realizing the same upside benefit. The wireless revolution, advances in radio frequency and microwave engineering, and the transition from analog to digital RF technology have also played a crucial role in the evolution of the telecom industry.

Global Telecom Towers MarketSegmentation Analysis

The Global Telecom Towers Market is segmented on the basis of Installation, Application, and Geography.

Telecom Towers Market, By Installation

• Ground Based
• Rooftop

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Based on Installation, The market is segmented into Ground Based, and Rooftop. Ground Based accounted for the largest market share of 66.16% in 2022, with a market Value of USD 44,776.57 Million and is projected to grow at a CAGR of 6.11% during the forecast period.

Telecom Towers Market, By Application

• Communication
• Radio
• Radar
• Others

Based on Application, The market is segmented into Communication, Radio, Radar, and Others. Communication accounted for the largest market share of 81.69% in 2022, with a market Value of USD 55,285.33 Million and is projected to grow at the highest CAGR of 7.33% during the forecast period.

Telecom Towers Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Based on Geography, The Global Telecom Towers Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia-Pacific accounted for the largest market share of 36.60% in 2022, with a market Value of USD 24,769.52 Million and is projected to grow at the highest CAGR of 8.66% during the forecast period.

Key Players

The “Global Telecom Towers Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are American Tower, Crown Castle International, GTL Infrastructure, Helios Towers Africa, IHS Towers, Indus Towers, Phoenix Towers International, Summit Digital Infrastructure, China Tower, Cellnex Tower, SBA Communications Corporation, and others.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
• Provision of market value (USD Billion) data for each segment and sub-segment.Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players.
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.
• It provides insight into the market through Value Chain.
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