How Has The Telecom Tower Market Size Evolved Historically?
The telecom tower market has seen considerable growth due to a variety of factors.
•In recent times, the telecom tower market has experienced significant growth. It is projected to rise from a market size of$56.68 billion in 2024 to a value of $61.12 billion in 2025, representing a compound annual growth rate (CAGR) of 7.8%.
The growth witnessed in the historical period can be linked to factors such as increased mobile data usage, telecom infrastructure sharing protocols, government interventions, network densification, competition among carriers, urban expansion, and population increase.
What Will Be The Telecom Tower Market Size In The Future?
The telecom tower market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for robust expansion of the telecom tower market in the approaching years, with predictions pointing to a value of "$82.91 billion by 2029, boasting a compound annual growth rate (CAGR) of 7.9%.
This projected upturn over the forecast period is mainly due to factors such as the spread of edge computing, the rise of IoT and smart city infrastructure, initiatives aimed at rural connectivity, network capacity densification, and the transition toward open RAN architecture. Key trends that will shape this outlook include the acceptance of modular and adaptable tower configurations, the deployment of innovative materials and building methods, meeting regulatory standards and addressing public concerns, an emphasis on visually pleasing tower models, and the incorporation of microcell and small cell deployments.
What Are The Key Drivers Fueling Growth In The Telecom Tower Market?
The growth of the telecom tower market is anticipated to be propelled by the escalating utilization of mobile communication. This type of communication involves the use of technology that facilitates connections via mobile phones, tablet computers, and portable smartphones with others in diverse locations. Telecom towers, including mobile phone towers, are equipped with electronic tools and antennas that transmit and receive signals. This makes long distance wireless communication for mobile phones possible. For instance, in March 2023, the International Telecommunication Union reported that the ratio of the male global population owning mobile phones rose to 79% in 2022, a 5% increase from 74% in 2021. The organization, an affiliate of the United Nations based in Switzerland, is in charge of managing affairs related to information and communication technology. The rising use of mobile communication is a significant factor contributing to the growth of the telecom tower market.
What Are The Principal Market Segments In The Global Telecom Tower Industry?
The telecom tower market covered in this report is segmented –
1) By Type of Tower: Lattice Tower, Guyed Tower, Monopole Towers, Stealth Towers, Other Types
2) By Fuel Type: Renewable, Non-Renewable
3) By Installation: Rooftop, Ground-Based
4) By Ownership: Operator-Owned, Joint Venture, Private-Owned, Mobile Network Operator (MNO) Captive
Subsegments:
1) By Planning And Consulting: Network Design And Optimization, Technology Assessment, Regulatory Compliance Consulting
2) By Operations And Maintenance: Network Monitoring And Management, Fault Management, Preventive Maintenance
3) By System Integration: Application Integration, Network Integration, Data Integration
4) By Managed Services: Outsourced Network Management, IT Infrastructure Management, Cloud Services Management
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Which Emerging Market Trends Are Altering The Telecom Tower Sector?
The trend of product innovation is increasing in prominence within the telecom tower industry. Many key industry players are concentrating on crafting fresh solutions to maintain their market standing. For illustration, in December 2022, KDDI Corporation, an telecommunications company headquartered in Japan, introduced a mobile tower powered by Starlink. This development saw its network of remote buildings grow to 1,200 in Japan. Starlink satellites, located more than 65 times nearer than the typical geostationary satellites in low earth orbit (LEO) at a height of 550km, aim to offer a more dependable Internet broadband service in secluded areas.
Who Are the Key Players in the Telecom Tower Market?
Major companies operating in the telecom tower market include:
• China Tower Co. Ltd.
• American Tower Corp.
• Indus Tower Ltd.
• Crown Castle International Corp.
• SBA Communication Corp.
• AT&T Inc.
• Bharti Infratel Ltd.
• Helios Towers Africa
• Cellnex Telecom SA
• T-Mobile US Inc.
• GTL Infrastructure
• Phoenix Tower International
• IHS Towers
• Telstra Corp. Ltd.
• Telesites S.A.B de C.V.
• Verizon Communications Inc.
• Viom Networks
• edotco Group
• Tower Bersama Infrastructure
• Grupo TorreSur
• Vertical Bridge Holdings LLC
• InSite Wireless Group LLC
• Lendlease Towers
• Frontier Tower Solutions
• Telxius Towers
• Wireless Infrastructure Group
• Eaton Towers
What are the Regional Insights into the Telecom Tower Market?
North America was the largest region in the telecom tower market in 2024. The regions covered in the telecom tower market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
