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Telecommunications Tower Market: Introduction
The global telecom tower market was valued at USD 138. 5 billion in 2019. It is expected to grow at a CAGR of 5% during the forecast period. On the basis of installation, the ground-mounted segment ruled the global telecom tower market in 2019. Ground-mounted towers are taller than roof-mounted towers and cover a particularly large area. They also house several antennas in a single tower. The segment is also expected to be very active during the forecast period. In terms of ownership, the TowerCo segment accounted for a leading percentage of the global telecom tower market in 2019. This can basically be attributed to the accumulation of investment in telecommunications towers through the company TowerCo. TowerCo operates a particularly high number of telecommunications towers worldwide.
On the basis of tower type, the lattice tower segment ruled the global telecommunications tower market in 2019. Lattice towers are self-sufficient and can cope with maximum external stress and force. The segment is also expected to be very lucrative during the forecast period. The telecom tower market in Asia Pacific is expected to grow at a really big speed during the forecast period, due to the large investments in the telecom industry in the region. China has the largest installed base of telecommunications towers in the world. The accumulation of the subscriber base and teledensity, especially in rural areas, is expected to drive demand for telecommunications towers in Asia-Pacific.
Key Drivers of the Telecom Tower Market
Increasing IoT use and investment in 5G technologies are expected to drive the telecom tower market in the coming years.
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Technologies such as 5G and IoT require robust network performance, which has led to the need for a varied mix of infrastructures, especially telecom towers. More than 4570 million people worldwide use the Internet lately and most of them use mobile devices to connect. Demand for data is expected to increase particularly until 2024. This accumulation in knowledge demand is expected to drive demand for new infrastructure and matrix. The planned launch of 5G in 2023 is expected to contribute to the deployment of a large number of microtowers to meet bandwidth requirements. The deployment of outdoor microtowers in India is expected to be successful in around 250,000 sets by 2023.
In India, investment in the telecom tower market is expanding to meet the infrastructure desires of 5G technology. The deployment of fiber optics and cellular microtowers is expected to increase in the near future. Therefore, the demand for telecom towers is expected to grow particularly in the telecom industry in the near future. This, in turn, is expected to build the global telecom tower market in the forecast period.
Asia-Pacific Brings Lucrative Opportunities to Telecom Tower Market
Asia Pacific is expected to be a very active region of the global telecom towers market during the forecast period. The telecom tower market in Asia Pacific is estimated to grow at a significant rate between 2020 and 2030, owing to the expansion of the telecom industry. Investments in the Internet of Things (IoT) and 5G technologies are highest in Asia Pacific. This is expected to increase the demand for telecommunications towers in the region.
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Important in the telecommunications tower market
On February 13, 2019, Phoenix Tower International (PTI) acquired six hundred wireless communications tower sites from Trilogy’s Bolivian subsidiary, NuevaTel. The acquisition is expected to expand the company’s presence in Latin America. On 25 March 2020, Vodafone Group, Telecom Italia Group (TIM) and Infrastrutture Wireless Italiane S. p. A (INWIT) completed the merger of Vodafone Italia’s towers into INWIT. The merger is expected to allow INWIT to become Italy’s largest tower operator and would concentrate on maximizing the use of the towers.
Competition from the telecommunications tower market
The global telecommunications tower market is fragmented. Several foreign and local players operate in the global telecommunications tower market.
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Some of the major players operating in the telecom tower market are Bharti Infratel Limited, Helios Towers Africa, American Tower Corporation, SBA Communications Corporation, AT
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