Rising Demand and Future Opportunities in the Telecom Tower Market: China Tower Co. Ltd., American Tower Corp., Indus Tower Ltd., Crown Castle International Corp., SBA Communication Corp

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Telecom Tower Market Size, Growth Rate, And Forecast

The global telecom tower market size is expected to grow from $46.56 billion in 2022 to $52.60 billion in 2023 at a compound annual growth rate (CAGR) of 13%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global telecom tower market size is expected to reach $82.48 billion in 2027 at a CAGR of 11.9%.

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Telecom Tower Market Drivers

The increased usage of mobile communication is expected to propel the growth of the telecom tower market going forward. Mobile communication refers to communication using technology that allows communication through mobile phones, portable smartphones, and tablet computers with others in different locations. Telecom towers, such as mobile phone towers, have electronic equipment and antennas that send and receive signals, allowing wireless communication for mobile phones over long distances. For instance, in March 2023, according to the International Telecommunication Union, a Switzerland-based specialized agency of the United Nations that is responsible for information and communication technology-related matters, the percentage of the male world population owning mobile phones increased to 79% in 2022, 5% up from 74% in 2021. The increased usage of mobile communication is driving the telecom tower market.

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Telecom Tower Market Segments

• By Type of Tower: Lattice Tower, Guyed Tower, Monopole Towers, Stealth Towers, Other Types

• By Fuel Type: Renewable, Non-Renewable

• By Installation: Rooftop, Ground-Based

• By Ownership: Operator-Owned, Joint Venture, Private-Owned, Mobile Network Operator (MNO) Captive

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the telecom tower market.

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Telecom Tower Market Key Players
Major competitors in the telecom tower market are China Tower Co. Ltd., American Tower Corp., Indus Tower Ltd., Crown Castle International Corp., SBA Communication Corp., AT and T Inc., Bharti Infratel Ltd., Helios Towers Africa, Cellnex Telecom SA, T-Mobile US Inc., GTL Infrastructure, Phoenix Tower International.

The Business Research Company's "Global Telecom Tower Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Telecom Tower Market Include:
1. Executive Summary
2. Telecom Tower Market Characteristics
3. Telecom Tower Market Trends And Strategies
4. Telecom Tower Market - Macro Economic Scenario
5. Telecom Tower Market Size And Growth
………………
27. Telecom Tower Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Telecom Tower Market
29. Telecom Tower Market Future Outlook and Potential Analysis
30. Appendix

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