telecom towers market is estimated to be valued at US$ 23.89 billion in 2018, and it is projected to witness a CAGR of 7.7% during the forecast period.

Telecom towers are radio masts and towers that are used to hold the telecommunication antennas. Telecommunication antennas cover large areas and are precisely pointed out at a certain angle, according to the range of the telecommunication antenna. Telecom towers are built such that they can withstand in the wind. Stable telecom tower structure types such as low lattice towers and towers built of reinforced concrete are widely used for various applications. Guyed masts towers are majorly used for radio antennas.
Market Dynamics
Increasing number of mobile users is expected to boost growth of the global telecom towers market. The number of mobile phone users is increasing in almost every remote area, which is boosting competition among service providers to offer better network coverage. Moreover, increasing number of telecom service providers, internet providers, Wi-Fi and broadband service providers is are expected to boost demand for telecom towers over the forecast period. For instance, according to GSM Association’s 2018 global estimates, there were 3.3 Bn mobile internet users in 2017, and it is expected to reach 5.0 Bn by 2025. This would increase the global market share of 4G customers from 29% in 2017 to 53% by 2025.

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Increasing number of SMEs across the globe leads to high usage of internet worldwide, which in turn contributes to the market growth. For instance, according to Europe - India SME Business Council (EISBC), SME sector of India is contributing to 45% of the total industrial output, 40% in total Indian exports, while employing total 60 million of peoples, with creating 1.3 million job, annually and producing over 8000 quality products for the Indian and international markets.

However, harmful effects of high-frequency radio waves or microwaves on humans as well as the environment such as cancer and blood brain barrier are expected to limit growth of the telecom towers market over the forecast period. For instance, according to report published by National Center for Biotechnology Information, excessive usage of mobile phones increases the risk of brain tumors. Furthermore, stringent regulations imposed by government and telecom authorities for installing telecom towers are expected to restrain growth of the telecom towers market over the forecast period. The government of India does not allow installation of telecom towers within the premises of schools and hospitals as children and patients may be more susceptible to electromagnetic radiations. Installation of base station antennas in narrow lanes is also prohibited to reduce the risks caused by any earthquake or wind related disaster.

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