Telecom Towers Market was valued at US$ 50.40 Billion in 2022 and is projected to reach US$ 110.10 Billion by 2030, exhibiting a CAGR of 10.26% over the forecast period (2023-2030). According to Telecom Towers Market Report, "By Deployment Type (Shared Infrastructure Deployment, Owned Deployment), By Type of Tower (Lattice Tower, Guyed Tower, Monopole Tower, Stealth Tower), By Installation (Rooftop, Ground Based), By Application (Communication, Radio, Radar) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East& Africa).
Telecom Towers Market- Drivers
The rise in the use of IOT and investments in 5G technologies
The increase in the utilization of IOT and growing interest in 5G technology is expected to help the worldwide telecom tower market in the following couple of years. Technologies like 5G and IOT necessitate strong network performance, necessitating a diverse infrastructure mix, particularly telecom towers. According to CMI Analysts, as on 2022, more than 4.57 billion people worldwide currently access the internet, and the majority of them do so via mobile devices. By 2024, it is anticipated that the demand for data will significantly rise. It is anticipated that the demand for new services and infrastructure will rise as a result of this rising demand for data.
Telecom Towers Market – Restraints
Negative Health Impact of Telecom Towers
Cell phone towers release electromagnetic radiation (EMR). The intensity of radiation in the vicinity increases with the number of antennas. Near the tower, the signal strength is higher, but as we move away, it decreases. Birds and bees are impacted by this powerful electromagnetic radiation. Due to their higher body-to-weight ratio than humans, birds absorb more radiation. Likewise, the liquid substance in the body of the bird is lesser, so it gets warmed up exceptionally quickly. Birds' ability to navigate is disrupted by the tower's magnetic field, so when they are exposed to EMR, they become disoriented and begin to fly erratically. In addition, a significant number of birds die annually from collisions with telecom masts.
Telecom Towers Market - Key Developments
In order to meet data demand, telecom operators are using complementary network technologies or off-loading the traffic from macro to micro sites. Globally, small cells have been overtaking the number of macro base stations installed since 2010. For instance, in India, data proliferation is anticipated to result in more telecom traffic off-loading to alternate access technologies from traditional macro sites. As per TRAI (Telecom Regulatory Authority of India) over 48% of the total mobile traffic is expected to be off-loaded to Wi-Fi and small cells by 2020, whereas small cells will contribute to 9% of off-loaded data traffic in the most likely scenario. Moreover, it is anticipated that tower companies would introduce small cell product-solution domain to leverage this opportunity. Tower companies in developed markets derive a significant portion of their revenues from small cell network solutions for instance, Crown Castle generates over 7% of its revenue and ATC IP LLC generates about 2-3% of its revenue through small cell offerings.
There is public and regulatory pressure to reduce telecom towers’ energy consumption and pollution, especially from diesel generators. Moreover, companies across the world are testing and adopting alternative sources of power source or energy for telecom tower operations. This has led to the introduction of Renewable Energy Service Companies (RESCOs). Telecom tower companies are modifying their portfolio by including towers that run on technologies ranging from biomass and biofuel and solar photovoltaic cells to fuel cells. Moreover, governments of various countries are supporting alternative energy source adoptions, by providing subsidies and grants to tower companies. For instance, according to news reports, as on July 2 2023, TowerCo, the company now in charge of building AT&T’s telecommunications tower on a small, leased area of the Town Forest (off Five Corners Road), has been moving ahead. The original design has undergone some revisions. In order to minimize impacts on a vernal pool and the amphibian-friendly Life Zone that surrounds it, the tower site was relocated 150 feet to the north. The task likewise went through an Intriguing, Compromised and Jeopardized species survey by the VT Organization of Normal Assets. Before they would remove any objections to the project, ANR required the Town to place a conservation easement on the area of the Town Forest south of the tower following the review. In this way 59% of the Town Timberland will be rationed. When AT&T consented to this, and to paying the cost of setting up the easement, the venture was supported by the Public Utilities Commission.
Global Telecom Towers Market- Impact of Coronavirus (Covid-19) Pandemic
Telecom sales and distribution networks have suffered as a result of the prolonged pandemic, especially considering that direct franchise customer traffic has long been a significant source of revenue. The social distancing measures that have resulted in an abrupt disconnect between retail Point of Sales (POS) and subscribers are still being felt in many parts of the telecom industry. Regardless of the huge development in the reception of computerized channels, the advanced gap in numerous districts like Africa and the Center East has been a road obstruction. Telecom operators are becoming increasingly dependent on the creation of a robust digital ecosystem to address the vulnerabilities in their current systems as the pandemic restrictions loom over them. With an end goal to remain versatile notwithstanding future unavoidable occasions like the Coronavirus pandemic, telecom organizations must increment interest in computerized change answers for S&D. Despite the fact that numerous telecom organizations are moving towards digitization to return quickly post Coronavirus, the irregularity, and absence of collaboration in generally speaking deals and circulation (particularly across immediate and circuitous stations) have obstructed their development.
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Key Trends and Analysis of the Telecom Towers Market:
According to American Tower Corporation's announcement, the purchase of InSite Wireless Group LLC for approximately US$ 3.5 billion was completed. InSite Wireless Group, LLC builds, owns and operates Communications facilities. The Organization offers conveyed radio wire framework (DAS) foundation arrangements and broadcast communications pinnacles and locales for remote transporters. Global customers are served by InSite Wireless Group. American Tower Corporation is an American real estate investment trust and a sole proprietor of remote and broadcast communication framework in a few nations overall and is settled in Boston, Massachusetts. In 2022, it is ranked 375th on the Fortune 500. In 2021, American Tower anticipates that the assets it purchased from InSite will generate approximately US$ 150 million in property revenues and approximately US$115 million in gross margins.
The pandemic uncovered the abilities of advanced associations and innovation in helping individuals, associations, state-run administrations, and social orders. It made the advantages of digitization more prominent and made politicians more aware of them.
5G networks will account for nearly 85% of the capital expenditures that mobile operators will need to make between 2022 and 2025, totaling more than 600 billion US dollars.
Countries with high incomes continue to have a significant digital inclusion gap. Administrators in these business sectors are endeavoring to determine this. For instance, Verizon Communications Inc., a company offering voice, data and video services is developing a plan to provide cellular broadband to economically disadvantaged areas in the U.S.
In the U.S., SBA Communications is a well-known tower supplier with over 10,000 nationwide towers focusing on wireless communications. Additionally, the company announced a master leasing agreement with DISH for a long period of time that would grant DISH access to SBA's extensive wireless communications station network.
Key industry players in the 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 among others.
