Telecom Tower Market: Summary
According to the latest research report by the Transparency Market Research, the global telecom tower market is poised to account for the industry evaluation of US$ 240.6 billion by the end of the forecast period i.e. 2020 to 2030. Some of the major driving factors influencing the growth trajectory of the global telecom tower market in coming years include rising penetration of high speed internet services across the world as well as the substantial increase in the number of smartphone and smart devices users worldwide.
Furthermore, rising demand for latest energy efficiency devices to optimize utilization of electricity as well as the data revolution that is taking various emerging economies by the storm are also likely to positively affect the sales figures in global telecom tower market in coming years. Moreover, emergence of advanced data networks such as 3G, 4G, as well as 5G has the potential to drive the global telecom tower market to better future in the coming years. The rising instances of tie-ups between government agencies as well as the municipal corporations is also likely to augment the development track of the global telecom tower market in coming years.
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The segments within the global telecom tower market classified by the type of the tower are monopole towers, lattice towers, mobile towers, guyed towers, stealth towers, and camouflage towers, among others. The segments in the global telecom tower market based on the ownership of the tower include TowerCo, joint venture or ESCO, and telecom operator owned towers or MNO. The segments in the global telecom tower market based on the installation are ground mounted towers as well as the rooftop towers.
Asia Pacific to Lead the Telecom Tower Market in Near Future
Major regions assessed in the professional intelligence study on the global telecom tower market include Europe, Asia Pacific, North America, Middle East and Africa, and Latin America. Regionally, Asia Pacific is expected to emerge as an attractive regional market within the global telecom tower market in coming years. The research report predicts that the Asia Pacific region will expand at a considerable pace in the global telecom tower market over the forecast period, owing to the increasing investments made by the players in the regional telecommunications sector.
Other significant driving factors propelling growth within the global telecom tower market in Asia Pacific include the increase in globalization as well as urbanization and rising investments aimed at furthering the 5G as well as internet of things or IOT technologies in the region. These factors are likely to augment the demand dynamics within the global telecom tower market in near future.
Players in the Telecom Tower Market Focused on M & A
Few of the leading participants and players operational within the global telecom tower market include Helios Towers Africa, SBA Communications Corporation, GTL Infrastructure Ltd., Phoenix Tower International, China Tower Corporation, Bharti Infratel Limited, American Tower Corporation, AT & T, Inc., T-Mobile Towers, and Crown Castle International Corporation, among others. The competitive landscape of the global telecom tower market is considered to be moderately fragmented, with numerous regional as well as international vendors operational within the industry.
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Players and vendors within the global telecom tower market are engaged in various corporate development activities, such as mergers and acquisitions, geographical expansions, and gaining new contracts. For example, Phoenix Tower International acquired Tower Venture Holdings, LLC’s 197 wireless communication tower sites on 5th March, 2020 in order to solidify their position as the premiere telecommunications tower company throughout the Americas. They had also acquired Telefonica’s 1046 towers in Colombia as well as 1408 towers in Ecuador in December of 2019. The Phoenix Tower International is anticipated to currently operate and own approximately 7000 telecommunications towers across the Latin America region.
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