Global Telecom Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Telecom Equipment Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Telecommunications is one of the fastest-growing industries across the globe. Telecom equipment technology continues to rapidly expand. Telecom equipment covers broadband access, microwave, optical transmission, mobile core network, wireless access network, SP routers and switches.

Market Overview:

The latest research study on the global Telecom Equipment market finds that the global Telecom Equipment market reached a value of USD 101472.15 million in 2022. It’s expected that the market will achieve USD 134069.11 million by 2028, exhibiting a CAGR of 4.75% during the forecast period.

Influence of COVID-19 Outbreak on Global Telecom Equipment Industry Development

The distribution channel segment is divided into offline and online, the offline segment is dominating the market currently, and due to emergence of COVID-19, the online market witnessed a significant growth in 2020. The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some telecom equipment enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.
The epidemic will have a short-term impact on telecom equipment industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in telecom equipment industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.

Telecom Equipment Market Opportunities and Drivers

The telecom industry is experiencing unpreceded growth with the rapid digitization across each sector. Digitalization has promoted advanced communication infrastructure and devices. Thus, the rapid digitization across the sectors has become the key factor to drive the telecom equipment market growth. Globally, the number of mobile users continues to increase each day. According to the The Mobile Economy Asia-Pacific - 2020 Report, published by the GSM Association, 663 million new peoples would start using a mobile phone by 2025. Thus, the rapidly growing number of mobile phone users would become a significant factor in market growth. Advancements in wireless communication infrastructure have uplifted the demand for advanced telecom equipment such as mobile radio access network (ran), microwave transmission, IP telephony, optical transport, mobile backhaul, carrier Ethernet switches, routers, and wireless packet cores. Thus, the penetration of wireless network infrastructure would be anticipated to drive the telecom equipment market growth. Constant advancements in smartphone and communication technology are again accelerating the ever-growing demand for wireless telecom equipment. Mobile device adoption has coupled with high-speed internet connectivity to support the trend of enterprise mobility or bring your own device (BYOD) among workplaces. The ever-growing demand for BYOD in modern workplaces is boosting the market growth. This market growth has further supported cellular stations' evolution and the need for next-generation network equipment for 5Gtechnology.wireless communication-based applications such as the internet of things, robotics, and connected devices would likely strengthen the need for high-bandwidth communication infrastructure. Thus, the rising demand for high-bandwidth communication network would bolster the telecom equipment market growth in the coming years.

Market Challenges

The market concentration of telecom equipment is high. These companies rely on high technology and scale to obtain profitability and other competitive advantages, which have established high industry barriers and limited the number of new entrants. And many manufacturers have rich experience in the field of telecom equipment, and have a strong brand image, which will raise the barriers to entry for the industry and limit the number of new entrants.

Region Overview:

From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.

Company Overview

The top three companies are Huawei, Ericsson, Nokia with the revenue market share of 29.94%, 15.59%, 15.05% in 2022.

Founded in 1987, Huawei is the world's leading provider of ICT (Information and Communication) infrastructure and smart terminals. At present, Huawei has about 197,000 employees, and its business covers more than 170 countries and regions, serving more than 3 billion people around the world.

Telefonaktiebolaget LM Ericsson, commonly known as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm. The company sells infrastructure, software, and services in information and communications technology for telecommunications service providers and enterprises, including, among others, 3G, 4G, and 5G equipment, and Internet Protocol (IP) and optical transport systems. The company employs around 100,000 people and operates in more than 180 countries. Ericsson has over 57,000 granted patents.

Segmentation Overview:

By type, Wired Telecom Equipment segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Telecom segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Telecom Equipment market covered in Chapter 3:

Fujitsu
FiberHome Technologies
Ericsson
Nokia
Samsung
Ciena
Juniper Networks
Huawei
Cisco Systems
ZTE

In Chapter 4 and Chapter 14.2, on the basis of types, the Telecom Equipment market from 2018 to 2029 is primarily split into:

Mobile Communication Device
Optical Communication Equipment
Network Communication Equipment

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Telecom Equipment market from 2018 to 2029 covers:

Consumer Electronics
Banking
Retail
Media
Defense
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)