Trends And Strategies Of Major Players In The Communications Hardware Market 2021-2030

The communications hardware market consists of sales of communications hardware by entities (organizations, sole traders and partnerships) that provide telephone apparatus, and broadcasting and wireless communications hardware. It includes sales of wired and wireless communication hardware equipment. Examples of telephone apparatus hardware are central office switching equipment, cordless telephones (except cellular), PBX equipment, telephones, telephone answering machines, local area network (LAN) modems, multi-user modems and other data communications equipment, such as bridges, routers and gateways. Examples of broadcasting and wireless communications hardware include transmitting and receiving antennas, cable television equipment, Global Positioning System (GPS) equipment, pagers, cellular phones, mobile communications equipment, and radio and television studio broadcasting equipment.

Global Communications Hardware Market Size And Drivers:

The communications hardware market expected to grow from $625.11 billion in 2020 to $666.53 billion in 2021 at a compound annual growth rate (CAGR) of 6.6%. The market is expected to reach $900.88 billion in 2025 at a CAGR of 8%.

The communications hardware market is expected to be aided by rapid growth in investments in smart city projects in many countries globally.

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Trends In The Global Communications Hardware Market

Smart city technologies use information and communication technologies to efficiently manage and operate urban services including transportation systems, water supply and law and order. These technologies are enabled through IoT technology. IoT is a convergence of computing devices, mechanical and digital objects. This system facilitates the transfer of data over a network without human interaction and minimal human to computer interaction. Smart cities are integrated with communication equipment, thereby benefitting the companies operating in this market.

Global Communications Hardware Market Segments:
The global communications hardware market is further segmented based on type, application and geography.
By Type: General Communication Equipment, Broadcast Communications Equipment, Telecom Infrastructure Equipment
By Application: Military Use, Civil Use.
By Geography: The global communications hardware market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global communications hardware market, accounting for 32% of the market.

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Communications Hardware Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides communications hardware market overviews, analyzes and forecasts market size and growth for the global communications hardware market, communications hardware market share, communications hardware market players, communications hardware market segments and geographies, communications hardware market’s leading competitors’ revenues, profiles and market shares. The communications hardware market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.