What Fueled The Previous Growth In The Telecom Equipment Market?
The telecom equipment market has seen considerable growth due to a variety of factors.
• The telecommunications equipment market has seen substantial growth over the last few years. It is forecasted to expand from $636.86 billion in 2024 to $684.76 billion in 2025, marking a compound annual growth rate (CAGR) of 7.5%.
This significant growth during the historic period can be credited to the extensive utilization of wireless communication, the surge in the number of smartphone users, the expanding development of smart infrastructure, the driving demand for global consumer electronics, and the rising demand for high-velocity communication systems.
What Is The Expected Growth In The Telecom Equipment Market Size Evolve over the Forecast Period?
The telecom equipment market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the telecom equipment market is projected to experience robust growth, ballooning to a size of $861.63 billion by 2029 with a CAGR of 5.9%.
Factors driving this growth during the anticipated period include the necessity for advanced wireless telecom equipment and network infrastructure, burgeoning interest in 5G technology, increasing need for IoT-based smart applications, development of the mobile telecommunications sector, and heightened demand for various home improvement products and electronic devices. Furthermore, the forecast period promises major trends such as the rise in smart city projects in emerging economies, the creation of sophisticated telecom communication networks, assorted technological advancements, improvement in internet infrastructure, and the roll-out of 5G networks.
What Main Forces Are Fueling Expansion In The Telecom Equipment Market?
The expansion in the mobile telecommunications sector is anticipated to fuel the evolution of the telecom equipment market. Essentially, mobile telecoms allow for the wireless transmission of voice, data, and multimedia, enabling users to communicate and access information. The rising demand for mobile telecoms is attributable to increasing connectivity requirements, the widespread adoption of smartphones, and the growth of digital services. These businesses are dependent on telecom equipment to enhance their network infrastructure, improve the service quality, and fulfill the surging demand for reliable and fast mobile communication services. For instance, the State of Mobile Internet Connectivity Report by the UK-based GSM Association in October 2023, revealed that mobile internet usage accounted for 4.6 billion people worldwide in 2022, equating to 57% of the global population. This marks an increase from 55% in 2021, with the percentage of connected individuals hitting 57.1% in 2022. Consequently, the expansion of the mobile telecommunications sector is propelling the growth of the telecom equipment market.
What Are The Primary Segments In The Global Telecom Equipment Market?
The telecom equipment market covered in this report is segmented –
1) By Type: Network Communication Equipment, Mobile Communication Device, Optical Communication Equipment
2) By Component: Hardware, Software
3) By Technology: 2G And 3G, 4G LTE, 5G
4) By Infrastructure: Wired, Wireless
5) By End-User: Banking, Financial Services And Insurance (BFSI), Retail, Information Technology And Telecommunication, Media And Entertainment, Healthcare, Military And Defense, Consumer Electronics, Other End Users
Subsegments:
1) By Network Communication Equipment: Routers and Switches, Modems and Gateways, Base Stations and Network Nodes, Network Infrastructure Equipment
2) By Mobile Communication Device: Smartphones, Feature Phones, Tablets and Mobile Hotspots, Wearable Devices
3) By Optical Communication Equipment: Optical Fiber and Cables, Optical Transceivers and Amplifiers, Optical Switches, Dense Wavelength Division Multiplexing (DWDM) Equipment
Pre-Book The Telecom Equipment Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Shaping The Telecom Equipment Market?
Leading firms in the telecom equipment market are concentrating on technological evolution, such as software automation, to boost network abilities and performance. This simplifies redundant tasks, increasing efficiency whilst decreasing manual labour across various sectors. A case in point, in October 2023, Telefonaktiebolaget LM Ericsson, a telecommunication and networking company based in Sweden, unveiled a state-of-the-art software toolkit to augment standalone 5G network capabilities, thereby allowing high-end services with unique connectivity. This toolkit is tailored specifically to provide experience-based connectivity demanding high levels of throughput, reliability, and latency. It enables communications service providers (CSPs) to supply use cases that necessitate high-performance levels, including seamless mobile cloud gaming, video conferencing, live broadcasts, remotely operated machines/vehicles, public safety services, and applications for extended reality. The software toolkit comes with an array of enhanced features for massive multiple-input multiple-output (MIMO), superior radio access network slicing, time-critical communication, and 5G core.
Who Are the Key Players In The Telecom Equipment Market?
Major companies operating in the telecom equipment market are:
• Samsung Electronics Co. Ltd.
• Verizon Communications Inc.
• Deutsche Telekom AG
• AT&T Corporation
• NTT Communications Corporation
• Huawei Technologies Co. Ltd.
• Cisco Systems Inc.
• Qualcomm Technologies Inc.
• Fujitsu Limited
• Telefonaktiebolaget LM Ericsson
• Nokia Corporation
• NEC Corporation
• ZTE Corporation
• TE Connectivity Ltd.
• CommScope Holding Co Inc.
• Keysight Technologies Inc.
• Juniper Networks Inc.
• Ciena International Inc.
• Viavi Solutions Inc.
• Extreme Networks Inc.
• Mavenir Systems Inc.
• Adtran Inc.
• Ribbon Communications Inc.
• SIA Mikrotikls
• Ceragon Networks Ltd.
• Alcatel Lucent Teletas Telekomunikasyon AS
• Baicells Technologies Co. Ltd.
• Cambium Networks Corporation
• RADWIN
• TELNET Redes Inteligentes S.A.
What Is The Most Dominant Region In The Telecom Equipment Market?
North America was the largest region in the telecom equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the telecom equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
