Global Communications Hardware Market Strategies 2024, Forecast To 2033
10 Jan, 2024
The communications hardware market has displayed robust growth, increasing from $713.21 billion in 2023 to $763.64 billion in 2024, demonstrating a 7.1% CAGR. Historical growth drivers include technological advancements, increasing connectivity, the growth of data traffic, and the evolution of e-commerce and digital transformation. Expectations for strong growth continue, projecting the market to reach $1055.08 billion in 2028, with a CAGR of 8.4%. Contributing factors include security concerns, the rise of remote work and hybrid work models, government initiatives and regulations, and a growing focus on environmental and sustainability concerns.
Global Communications Hardware Market Key Driver
Investments in smart city projects globally are propelling the communications hardware market. Smart cities leverage information and communication technologies to manage urban services efficiently. IoT technology plays a crucial role, facilitating data transfer without extensive human interaction. Companies like APG Algemene Pensioen Groep N.V. investing in “Smart City Infrastructure Fund” for global smart city projects indicate the growing integration of communication equipment in smart cities, supporting the communications hardware market.
Get A Free Sample Of The Global Communications Hardware Market ReportGlobal Communications Hardware Market Segments
The communications hardware market covered in this report is segmented –
1) By Type: General Communication Equipment, Broadcast Communications Equipment, Telecom Infrastructure Equipment
2) By Application: Military Use, Civil Use
3) By End-User: Telecom Operators, Internet Service Provider, Cable Operator, Personal User, Business and Government
Subsegments Covered: Alarm Systems And Equipment, Fire Detection Equipment, Smoke Detectors, Intercoms Systems And Equipment, Traffic Signals, Other General Communication Equipment, Pagers, Transmitting Antennas, GPS Equipment, Cellular Telephone, Other Broadcast Communications Equipment, Switching Equipment, Bridges, Gateways And Routers, Other Telecom Infrastructure Equipment
By Geography: The regions covered in the communications hardware market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in communications hardware market in 2023. Western Europe was the second largest region in communications hardware market. The regions covered in the communications hardware market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Communications Hardware Industry Players
Apple Inc., Huawei Technologies Co. Ltd., Samsung Electronics Co. Ltd., AT&T Inc., Cisco Systems Inc., Xiaomi Corporation, Hon Hai Precision Industry Co. Ltd., Lenovo Group Limited, Foxconn Industrial Internet Co. Ltd., Motorola Solutions Inc., Nokia Corporation, Telefonaktiebolaget LM Ericsson, ZTE Corporation, Juniper Networks Inc., Arris International Limited, CommScope Holding Company Inc., Extreme Networks Inc., Vocera Communications Inc., Viavi Solutions Inc., Impinj Inc., Harmonic Inc., EchoStar Corporation, Digi International Inc., Plantronics Inc., Infinera Corporation, Adtran Inc., Clearfield Inc., NETGEAR Inc., Cambium Networks Corporation, Aviat Networks Inc., Ribbon Communications Inc., Calix Inc., Casa Systems Inc., Sony Group Corporation
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Communications Hardware Market Overview
Communication hardware is any device capable of transmitting analog or digital signals over a communication cable, telephone, or wireless technology. These devices are installed in a computer's internal memory or as a peripheral.
Communications Hardware Global Market Report 2023 provides data on the global communications hardware market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The communications hardware market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.