Global telecom towers market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period (2024-2031). The telecom tower market has been driven primarily by the increasing deployment of 5G technology. The world is currently switching over from 4G to 5G networks for communication owing to its higher speeds and more dependable network service. In order to provide improved coverage and faster data rates, 5G networks needs a denser infrastructure, which supports in gathering the potential applications. More cell towers and tiny cells will create a rise in demand for telecom towers. 5G technology is anticipated to be fully developed in China, North America, Europe, and the GCC.The continuing switch to 5G networks is anticipated to increase the market's prospects for telecom towers worldwide. In many low- and middle-income countries (LMICs), it will keep growing as demand for network connectivity will increase. According to Invest India, there are around 904.54 million broadband connections as of 31st Dec 2023. The company has a total of 4 million total employees with a user base of 125+ million of 5G data in approximately 100 no. smart cities.
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In August 2023, Indian Telecom Minister Ashwini Vaishnaw announced that within 10 months of service launch of 5G network, 300,000 5G sites have been installed. The 5G sites have been installed across 714 districts. Currently, Reliance Jio and Bharti Airtel are the only telecom operators rolling out 5G services in India.
Additionally, in August 2022, American Tower Corporation and Verizon Communications Inc. announced that they have signed a new lease agreement. This agreement enables Verizon’s on-going 5G network deployment across American Tower’s extensive U.S. portfolio of communications sites. The agreement provides a simplified and efficient leasing process through a contractual framework that drives mutual growth and value over a multi-year period. Such developments are further aiding to the global telecom tower market growth.
Market Coverage
• The market number available for – 2023-203
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Fuel Type
o By Type of Tower
o By Installation
o By Ownership
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes American Tower Corp., Helios Towers Plc, Indus Towers Ltd., China Tower, SBA Communications Corp. and AT&T Inc., among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Telecom Towers Market Report Segment
By Fuel Type
- Renewable
- Non-renewable
By Type of Tower
- Lattice Tower
- Guyed Tower
- Monopole Towers
- Stealth Towers
By Installation
- Rooftop
- Ground-based
By Ownership
- Operator-owned
- Joint Venture
- Private-owned
- MNO Captive
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Telecom Towers Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
· AT&T Inc.
· Cellnex Telecom S.A.
· China Tower
· Crown Castle
· Deutsche Funkturm GmbH
· GTL Infrastructure Ltd.
· IHS Holding Ltd.
· Orange
· SBA Communications Corp
· Tawal Com SA
· Telenor
· Telesites SAB de CV
· Telkom Indonesia
· Telxius Telecom SA
· T-Mobile
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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