TELECOM TOWERS MARKET ANALYSIS

Telecom Towers MarketSize and Trends

Global Telecom Towers Market was valued at US$ 50.40 Billion in 2022, exhibiting a compound annual growth rate (CAGR) of 10.4% from 2023 to 2030. A group of steel structures known as telecommunication towers is used to house broadcasting and telecommunications antennas. Telecom towers connect all forms of wireless communication, including mobile networking, television antennae, and radio transmission. One of the most significant developments in the telecom industry is tower-sharing, which offers advantages like cost savings and faster data rollout.

Global Telecom Towers Market - Recent Developments

The Shared Infrastructure Deployment segment is expected to be the fastest-growing segment over the forecast period. This segment was valued at approximately US$ 34.52 Billion in 2022 and is expected to generate US$ 72.20 Bn by 2030. The concept of leasing a tower has enabled telecom network providers to invest heavily in developing and installing shared infrastructure across rural regions. Moreover, tower-sharing is one of the major growth drivers for the telecom industry, as it provides benefits like reduced capex and increased connectivity, owing to which the deployment segment is expected to grow during the forecasted period.