The global telecom tower market accounted for US$ 40.04 Bn in 2017 and is expected to grow at a CAGR of 18.0% during the forecast period 2018 – 2025, to account to US$ 146.53 Bn by 2025. Growth in the recent five years is primarily driven by a significant rise in subscriber base on the cellular network, creating a substantial demand for improved and optimized network infrastructures through tower deployment.
This report provides in-depth overview of the telecom tower market. It covers market characteristics including segmentation, market share, trends and strategies for this market. The Market Size section provides data that predicts the market’s historical growth and future. Drivers and restraints review are reviewed that support and control market growth. It tracks the market’s history and forecast market growth including geographical presentation. An in-depth analysis of key players is also mentioned in this research report
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The leading industry players operating in telecom tower market globally American Tower Company, Cellnex Telecom, China Tower Co. Ltd., Crown Castle International Corp., Indus Tower Ltd., IHS Holdings Ltd., SBA Communication Corporation, Telesites S.A.B. DE C.V, Telxius (Telefonica SA), and PT Tower Bersama Infrastructure TBK. among others. Several other participants are also operational in telecom tower market that offers its customers with enhanced technologies, thereby catalyzing the telecom tower market.
The estimates from GSMA state that the total number of unique mobile subscribers across the globe would be close to 5 Bn subscribers by the end of 2017 and would further increase up to 5.7 Bn by the end of 2020. By this estimate, close to 75% of the world’s population would be subscribed to a mobile service. The tremendous growth in the number of mobile subscribers during this period is majorly attributed to the developing economies of Asia Pacific where a large percentage of the world population is concentrated. Further, the ubiquity of smartphones as well as high-speed connectivity has been a key driving factor for innovations in artificial intelligence and also leading to digital transformation. The mobile operators have invested close to US$ 700 Bn in the last decade for the development of the telecommunication network infrastructure. Also, the estimates state that by the end of 2016, there were 4.8 Bn GSM subscribers and 7.9 Bn SIM connections worldwide.
The telecom tower market has been segmented on the basis of type into the following segments including lattice towers, guyed towers, monopole towers, camouflage towers, and mobile cell towers. The telecom tower market has been further bifurcated on the basis of tower placement into Greenfield tower, and rooftop tower. Also, the telecom tower market has been segmented based on the deployment type into shared infrastructure deployment and owned deployment. Geographically the telecom tower market is presently dominated by developed regions including, Asia Pacific. However, the market is expected to be in favor of the Middle East and Africa, and North America. The rising penetration of smartphones in the developing economies of Africa and Asia coupled with the rapidly developing internet infrastructures in these regions are proving to be the major drivers for the growth in the adoption of telecom tower installations.
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