Increasing use of mobile phones in rural and urban areas and growing population worldwide is boosting the competition among telecom providers to offer better network coverage. This in turn is expected to drive growth of the telecom towers market. For instance, according to Coherent Market Insights’ analysis, in 2019, 96% of people in the U.S owned a cellphone of some kind. Moreover, the share of people in the U.S. that own smartphones reached 81%, up from just 35% in 2011.
Global Telecom Towers Market
was valued at US$ 50.40 Billion in 2022, exhibiting a compound annual growth rate (CAGR) of 10.41% from 2023 to 2030.
Leading Companies in the Telecom Towers Industry
1. American Tower Corporation
American Tower Corporation, was founded in 1995 and its headquarter in Boston, Massachusetts, United States. The company operates in 26 countries.
2. Bharti Infratel Limited
Bharti Infratel Limited founded in 2006, and it’s located in India. The company operates in 20 countries. In 2018 Bharti Infratel, Indus Towers to merge for a new $15 billion entity with 1.63 lakh telecom towers
3. China Tower Corporation
China Tower Corporation was launch in 2014 and it’s headquarter located in Beijing, China.it operate over 33 country and.