The global telecom towers market was valued at US$ 41.76 Billion in 2018, and is projected to reach US$ 75.5 Billion by 2027, exhibiting a CAGR of 7.2% over the forecast period, according to Global Telecom Towers Market Report, by Deployment Type (Shared Infrastructure Deployment and Owned Deployment), by Type of Tower (Lattice Tower, Guyed Tower, Monopole Tower, and Stealth Tower), by Installation (Rooftop and Ground-based), by Application (Communication, Radio, and Radar), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa), published by Coherent Market Insights.
Telecom towers are designed to support antennas for telecommunications and broadcasting. These towers host a transceiver unit to maintain a connection between thousands of mobile phones and The Mobile Telephone Switching Office (MTSO). The antennas at telecom towers offer a wide range of multi-channel frequencies to thousands of cell phones in the network zone. Through a multi-channel frequency, a large number of mobile phones are connected in a single network. Furthermore, multi-channel frequencies offer better data transfer rates and connectivity.
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Key Trends and Analysis of the Global Telecom Towers Market:
Among type of tower, monopole segment is expected to exhibit the highest growth rate during the forecast period. Monopole towers can be established in limited spaces, which offers them several advantages such as reduction in visual impact and shorter construction time with minimal installation cost compared to conventional lattice structures.
Monopoles can also be designed as stealth towers or camouflage towers. Among deployment type, shared infrastructure deployment segment is expected to be the fastest growing segment during the forecast period. This is owing to increasing preference for shared infrastructure deployment to offer better coverage and internet speed to the mobile users Furthermore, shared infrastructure deployment includes sharing of telecom tower site, which involves sharing of costs related to trading, leasing of the tower, acquisition of property items, contracts, and technical facilities and also sharing radio access network (RAN) infrastructure such as masts and pylons, electrical or fiber optic cables.
Key Takeaways of the Market:
Asia Pacific is expected to hold dominant position in the market over the forecast period. Increasing population in the region has led to high demand for connectivity medium, which in turn is expected to boost growth of Asia Pacific telecom towers market. According to ’ analysis, Asia Pacific telecom towers market is estimated to be valued at US$ 23.89 billion in 2018, and it is projected to witness a CAGR of 7.7% during the forecast period. This is owing to increasing demand for telecom towers in different end-use applications such as telecommunication, radio, and radar. India is expected to witness the highest CAGR in the Asia Pacific market during the forecast period, owing to increasing usage and adoption of telecom towers in the country.
For instance, according to Telecom Regulatory Authority of India (TRAI), in 2017, the number of telecom towers in India was 0.470 million and is expected to reach 0.511 million by 2020. Some of the major players operating in the global telecom towers market include, American Tower Corporation, AT&T Inc., Bharti Infratel Limited, China Tower Corporation, Crown Castle International Corporation, GTL Infrastructure Ltd., Helios Tower Africa, SBA Communications Corporation, T-Mobile Tower, and Viom Networks.
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