In a recently published report, Kenneth Research has updated the market report for Global Telecom Towers Market for 2021 till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Telecom Towers Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
Telecom towers are referred to as mobile sites or mobile towers which are built to provide services in a predetermined region. Telecommunication towers exhibit different cellular ranges, based on the size, frequency and power ratings of the transmitter, and on overlap provided by other towers in the area. The telecom tower provides a broad variety of multi-channel frequencies to thousands of mobile phones within the network zone. The main benefit of multichannel frequency is that it can connect tens of cellphones in just one network like conference calling, where most devices are connected to a single network and transmit and receive at the same time. In addition, it provides better data transfer speeds and connectivity. A telecom tower is a high-strength steel structure with a transceiver unit in the top to cover the maximum possible area.
The Global Telecom Towers Market has been segmented on the following basis:
Based on the type of tower:
Mobile (vehicle mounted) tower.
Based on Mounting area:
Ground Based Towers
Based on Applications:
Based on Ownership:
Market Dynamics and Market Growth
We’re in the midst of a telecommunications revolution. The technology has moved so fast that it gets obsolete within no time. 3G increased the demands on the systems and 4G escalated the volume of data traffic beyond anyone’s anticipation, changing usage patterns.5G will drive demand even further, and will require newly expanded capabilities.
The factors resulting in the growth of the telecom towers market are:
Rising penetration in rural and off-grid areas and the recent disposition of small cell power systems used for LTE
Rising number of mobile phone users and Internet users.
Increasing competition among service provider for better network coverage leading to reduced tariff plans.
Fast up-gradation of technology resulting in increasing demand for better services.
Joint ventures by the existing and new players in the market further increasing the competition
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Health concerns regarding the harmful effects of high-frequency radio waves.
Environmental concerns regarding power supply systems to towers.
High installation and operation costs of the telecom towers.
Government regulations on limiting the telecom towers in specific regions.
Recent trends have shown the large potential of strengthening of telecom tower network, where several new technologies are expected to grow. Ongoing researches on the Internet of Things, remote healthcare services, etc. are some emerging technologies projecting to increase the load on telecom tower in the next few years.
Global Telecom Towers Market: Regional Outlook
Telecom Towers market geographically is segmented in North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. Indonesia has the largest market in the Southeast. Myanmar is likely to robust growth in the number of telecom tower installations in the coming years, due to developing smartphone penetration, decreasing tariffs and entry of new telecom operators on the marketplace. In Cambodia, companies are focusing on the installation of grid towers, that run on renewable resources.
Key players in Global Telecom Towers Market:
Major players in the Global Telecom Towers Market are Indus Towers, Reliance Infotel, Viom Networks, Aster Pvt. Ltd., Bharti Infratel Ltd., American Tower Company, BSNL, GTL Infra, Eaton Towers Ltd.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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