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

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

Telecommunications tower refers to any structure used to transmit or receive radio, television, telegraph or microwave signals. Mainly divided into two categories: pull-wire structure and free-standing structure

Market Overview:

The latest research study on the global Telecom Tower market finds that the global Telecom Tower market reached a value of USD 44998.04 million in 2022. It’s expected that the market will achieve USD 57398.29 million by 2028, exhibiting a CAGR of 4.14% during the forecast period.

Influence of COVID-19 Outbreak on Telecom Towers Industry Development

More than four million lives have been lost to COVID-19 since the start of 2020 and the toll continues to rise. Many more have suffered a serious illness. While there is no way to tell exactly what the economic damage from the global COVID-19 coronavirus pandemic will be, there is widespread agreement among economists that it will have severe negative impacts on the global economy. Early estimates predicated that, should the virus become a global pandemic, most major economies will lose at least 2.9 percent of their gross domestic product (GDP) over 2020. This forecast was already restated to a GDP loss of 4.5 percent. To put this number in perspective, global GDP was estimated at around 87.55 trillion U.S. dollars in 2019-meaning that a 4.5 percent drop in economic growth results in almost 3.94 trillion U.S. dollars of lost economic output. Global growth is projected at 5.6 percent in 2021, a little lower than in the June 2020 WEO Update, reflecting the more moderate downturn projected for 2020 and consistent with expectations of persistent social distancing. This is the worst global recession in decades, despite the huge efforts of governments with the support of fiscal and monetary policies to deal with the economic downturn. But from a long-term perspective, it is expected that the severe recession caused by the pandemic will cause a prolonged economic depression by reducing investment. Should COVID-19 outbreaks persist, should restrictions on movement be extended or reintroduced, or should disruptions to economic activity be prolonged, the recession could be deeper. Businesses might find it hard to service debt, heightened risk aversion could lead to climbing borrowing costs, and bankruptcies and defaults could result in financial crises in many countries. Under such unfavorable circumstances, there will still be a possibility of a global decline in 2021.

In sharp contrast to many other industries, the telecommunication sector has been generally exempted from major COVID-19-related restrictions, such as stay-at-home orders and quarantine requirements, as it is recognized as an essential service. Some telecom companies have been strengthened by the short-term spike in data traffic and increased use of broadband services, as more people are working from home and rely on video conferencing to hold meetings. Traffic growth has, in fact, demonstrated increased reliance on connectivity and digital services. As a result, the telecom sector has remained acyclical relative to the S&P 500 throughout the crisis.

Market Driver Analysis

Under the current circumstances, there is still room for improvement in 4G network coverage and base station density, and the commercial application of 5G networks will bring a new round of large-scale networking requirements. Site sharing helps communication operators deploy more and faster base stations at the same expenditure level, and promotes the growth of the communication tower infrastructure market.
The capital expenditure of the communication tower infrastructure service provider mainly comes from the newly built site, while the capital expenditure incurred by the site maintenance and shared reconstruction is relatively low. After the site coverage reaches a certain level, some of the new requirements of the communication operators for the site can be met by sharing the existing site. The demand for the construction of new sites will gradually decrease, and the capital expenditure for new sites of communication tower infrastructure service providers will be reduced accordingly, which has positive significance for the growth of the communication tower infrastructure market.
A key factor driving the growth of the global telecom tower market size is the growing investment in Long Term Evolution (LTE)- Advanced. The demand for LTE-A network connectivity is growing due to the rise in the availability of affordable smartphones, need for high-speed Internet connectivity, growing investments in smart city projects, and the increasing demand for IoT devices. Thus, network operators are increasingly investing in the implementation of LTE-A infrastructure, which will increase the number of LTE and LTE-A base station. These stations are connected to telecom towers to provide radio access network services to end-users. Thus, the rising demand for LTE-A will fuel the telecom tower market growth during the forecast period.

Market Trends Analysis

Major changes are taking place in North America, with most towers increasingly shifting from mobile network operators to independent tower companies. Thanks to government support measures, the region is expected to continue to strengthen its position in the global market.
In addition, the total annual wireless capital expenditure in the United States is US$30 billion, which is expected to promote market growth. In 2017, the number of mobile phone users in the United States reached about 266 million, and the mobile Internet penetration rate was about 237.2 million. Now this number is still growing. Increasing wireless data usage continues to force wireless service providers to improve the quality of their networks and make incremental investments in the coverage and capacity of their networks.
Subscribers are adopting advanced wireless data applications, especially mobile video, advanced equipment, and the densification of advanced networks by wireless service providers to meet the growing demand for high-bandwidth wireless data, which is driving the increase in the deployment of towers in the region.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

China Tower is one of the major players operating in the Telecom Tower market, holding a share of 27.59% in 2021.

China Tower

Develop macro cell services based on tower sites, and provide customers with towers and equipment shelters or cabinets to install antennas and other macro cell equipment. At the same time, it provides ancillary equipment and diversified services to ensure the reliable operation of facilities and power sources to support the consistent operation of customers' macro cellular equipment.

American Tower

Is a global supplier of wireless communication Ground-based, providing solutions and services to deploy and support wireless networks in 24 countries on six continents.

Segmentation Overview:

By type, Lattice Tower segment accounted for the largest share of market in 2021.

Application Overview:

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

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

Indus Towers Limited
Helios Towers Plc
American Tower
IHS Towers
Crown Castle
SBA Communications
GTL limited
China Tower

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

Lattice Tower
Guyed Tower
Monopole Tower
Stealth Tower

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

Rooftop
Ground-based

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)