by The telecom towers infrastructure plays a vital role in enabling seamless network connectivity which has become essential for both personal and business needs. Telecom towers are structures, usually made of steel or other materials, designed to support antennas and communication equipment for cellular networks. Mobile network operators install antennas on these towers to provide wireless coverage to larger geographical areas. As mobile devices and internet-enabled applications become ubiquitous, the volume of data flowing through wireless networks has grown exponentially. Rapid proliferation of technologies like 5G, IoT, and streaming videos are fueling higher data demand. This massive surge in data usage exerts significant pressure on telecom operators to augment network infrastructure and expand coverage area. The deployment of towers in new geographical regions as well as additional antennas on existing towers are key strategies adopted by telcos to address the exponential increase in data traffic.
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 Dynamics:
The increasing mobile data traffic remains one of the primary drivers propelling the demand for telecom towers globally. As highlighted in the heading also, the robust proliferation of data-intensive smart devices and applications has spurred a tremendous upsurge in mobile data consumption worldwide. It is estimated that global monthly mobile data traffic will exceed 200 exabytes by 2027, fueling the need for network densification. Dense network infrastructure with towers in close proximity is critical to support high-speed wireless connectivity and seamless coverage required for rich media experiences. Furthermore, the rollout of 5G networks will significantly boost network capacity while enabling new applications like autonomous driving, remote medical care, and industrial IoT. These advanced 5G-enabled use cases will impose even higher bandwidth requirements on wireless infrastructure, thereby driving expansion of telecom towers. While 5G deployments are still in initial phase, 5G offerings are expected to gain rapid traction in the coming years, spurring tower installations.
Segment Analysis
The global telecom towers market is segmented on the basis of type into lattice towers, guyed towers, and monopole towers. Among these, the monopole towers segment dominates the market and accounts for over 60% share. Monopole towers are the preferred choice compared to other types as they are easier to build, require lesser space to install, and have lower maintenance costs.
PEST Analysis
Political: Governments across regions are encouraging telecom infrastructure development through favorable policies and initiatives. This is driving investments for expanding tower coverage.
Economic: Growth in mobile subscribers and adoption of advanced technologies such as 5G is raising the need for densifying telecom networks. This is positively impacting investments towards tower installations.
Social: Changing lifestyles and increasing usage of smartphones for entertainment, education, and work areaugmenting mobile data consumption. This is necessitating deployment of additional towers to strengthen network connectivity.
Technological: Adoption of advanced antenna technologies enables installing more equipment on single towers, improving tower space utilization. Also, self-supporting steel monopole towers require minimal site space and lower civil work.
Key Takeaways
The global telecom towers market is expected to witness high growth at a CAGR of 13% during the forecast period of 2023 to 2030. Global Telecom Towers Market Size for telecom towers was valued at US$ 55.07 Bn in 2023 and is projected to reach over US$ 150 Bn by 2030.
Regional analysis: Asia Pacific dominates the global market with over 40% share currently. China and India are major markets in the region on account of vast subscriber base and increasing data usage. North America and Europe also offer considerable growth opportunities.
Key players operating in the telecom towers market are American Tower Corporation, China Tower Corporation, Crown Castle International Corp., Indus Tower Ltd., SBA Communications Corporation. Key players are focusing on acquisitions to expand infrastructure portfolios and footprints in major markets. Additionally, deployment of smarter towers integrated with latest technologies such as active infrastructure and small cells is gaining traction.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
