Philippines Telecom Sector Poised for Explosive Growth: New Report Forecasts Surge in Mobile and Broadband Connectivity by 2031

FOR IMMEDIATE RELEASE
Idem Est research Unveils Insights on the Flourishing Philippines Telecom Market
Sydney, 18 April 2024 - Idem Est Research, a leading provider of TMT market intelligence and advisory, today announces its in-depth analysis of the dynamic and burgeoning telecommunications market in the Philippines. The latest market report on the Philippines telecommunications sector from Idem Est Research, covering the period from 2024 to 2031, reveals significant growth and transformative changes across the mobile, broadband, and satellite internet markets.

Mobile Market Sees Dynamic Competition and Growth
The mobile telecommunications landscape in the Philippines is experiencing rapid expansion and competitive diversification, with the entry of DITO Telecommunity challenging the long-standing duopoly of PLDT and Globe. The report forecasts a robust annual growth rate of 4.2% in mobile subscribers through 2031, underpinned by widespread adoption of 4G technologies and the rollout of 5G networks. Smartphone penetration, already at 80% in 2024, is expected to increase, driving mobile revenue growth to PHP 258 million by 2031.

Broadband Market Expands with Government and Private Sector Investments
The broadband sector is marked by a promising increase in subscriber numbers, anticipated to rise to 14 million by 2031. This growth is driven by private initiatives from PLDT, Globe and Converge ICT aimed at boosting internet accessibility and significant private investments in fibre optic infrastructure. The expansion of fibre-to-the-home (FTTH) services, growing at an annual rate of 7.1%, is set to dramatically increase broadband coverage, bridging the digital divide, especially in rural areas.

Satellite Internet Connectivity to Enhance National Coverage
The satellite broadband market is poised for substantial growth, with subscriber numbers expected to increase from 86,000 with Starlink taking the lion's share of that market. "Idem Est Research forecasts that satellite Internet subscribers will reach 1.6 million by 2031 while the fixed broadband market continues to grow. "The telecommunications industry is expected to maintain revenue growth momentum, with an average growth rate of 2.6% from 2024 to 2031", says Landry Fevre, Idem Est Research & Advisory's Director
Idem Est Research and Advisory's report on the Philippines telecom market serves as a valuable resource for industry stakeholders, investors, and policymakers looking to gain a comprehensive understanding of the sector. The analysis highlights the immense potential and opportunities for both local and international players to contribute to the development and innovation of the telecom industry in the Philippines.

KEY COMPANIES MENTIONED IN THIS AUSTRALIA TELECOMS INDUSTRY REPORT:
ABS-CBN, Unity Digital Infrastructure, ALT Global Solutions Inc., American Tower, Bayantel, Chelsea Logistics and Infrastructure Holdings Corp., Converge ICT, DITO Telecommunity, edotco, Edgepoint, Frontier Tower Associates, Globe Telecom, Miescor, Mislatel, Now Corp, Phil Tower, PLDT, Radius Telecom, Royal Cable, Sky Cable, Sky Broadband, Starlink, Udenna

Download the full report: https://idemest.com/reports/philippines-telecoms-report-mobile-broadband-market-industry-analysis/

Table of Contents
1 Key Statistics 7
1.1 Philippines Population 7
1.2 Philippines' Economy 8
1.3 Philippines' GDP 8
2 Overall Telecommunications Market, 2017-2031 9
2.1 Market Overview 9
2.2 Historical Telecommunications Market Revenue, 2017-2023 10
2.3 Overall Telecommunications Market Forecast, 2023-2031 14
2.4 Telecommunications Market Capital Expenditure, 2017-2031 14
2.4.1 Historical Telecommunications Capex Spend, 2017-2023 14
2.4.2 Capex to Revenue Benchmark 15
2.4.3 Capex to GDP Benchmark 16
2.4.4 Telecommunications Capex Spend Forecast, 2023-2031 17
3 Telecommunications Operators Profile 19
3.1 PLDT Profile 19
3.1.1 PLDT Revenue EBITDA and Capex Profile 19
3.2 Globe Telecom Profile 22
3.2.1 Globe Revenue, EBITDA and Capex Profile 23
3.3 Dito Telecommunity 27
3.3.1 DITO Revenue, EBITDA and Capex Spend Profile, 2019-2023 29
3.4 Converge ICT 30
3.5 Other Players Profile 33
3.5.1 ABS-CBN 33
3.5.2 Other Cable Operators 33
4 Mobile market 34
4.1 Mobile Subscribers Historical and Forecast, 2017-2031 34
4.1.1 Mobile Subscribers Historical, 2017-2023 34
4.1.2 Mobile Subscribers Market Share, 2017-2023 35
4.1.3 Breaking the Duopoly 37
4.1.4 Philippines Smartphone Share, 2024 37
4.1.5 Philippines Mobile Subscribers Forecast, 2023-2031 38
4.1.6 Philippines Mobile Subscribers by Generation Forecast, 2023-2031 38
4.2 Mobile Revenue Historical and Forecast, 2017-2031 40
4.2.1 Historical Mobile Revenue, 2017-2023 40
4.2.2 Mobile Revenue Forecast, 2023-2031 40
4.2.3 Mobile Subscribers ARPU, 2017-2023 41
4.3 Mobile Number Portability on its Way 42
4.4 Spectrum Holdings 43
4.4.1 Existing Spectrum Holdings and 5G Launches 43
4.4.2 Upcoming 5G Auctions 43
4.4.3 Mobile Frequencies Portfolios Analysis 43
4.4.1 Spectrum Depth Benchmark by Country 47
4.5 Mobile Download Data and Pricing Trends 47
4.6 Mobile Speed Tests 50
4.6.1 Ookla Mobile Speed Tests 50
4.6.2 OpenSignal 50
4.7 Internet of Things (IoT) 50
5 Broadband Market 52
5.1 Fixed Broadband Subscribers Historical, 2017-2023 52
5.2 Fixed Broadband Subscribers Forecast, 2023-2031 55
6 Satellite Internet Connectivity 57
6.1 Comparing LEO, MEO, and GEO Satellite Orbits 57
6.1.1 LEO and GEO Satellite Comparison 58
6.2 Satellite Broadband Providers Operators, 2023 59
6.3 5G NTN: The Next Generation of Satellite Connectivity 61
6.3.1 5G NTN Overview 61
6.3.2 The Rationale Behind 5G NTN 61
6.3.3 Technical Aspects of 5G NTN 62
6.3.4 Potential Applications for 5G NTN 62
6.3.5 Challenges in Implementation 63
6.3.6 5G NTN Satellite Providers 63
6.4 Satellite Internet Market Analysis, 2023-2031 64
6.4.1 Market Landscape of Satellite Broadband Subscribers, 2023 64
6.5 Philippines Satellite Broadband Subscribers Forecast, 2023-2031 66
7 Fixed Telecommunications Infrastructure Investments 68
7.1 Fixed Digital Infrastructure 68
7.1.1 National Broadband Network Plans 68
7.1.2 Submarine Cables 69
7.1.3 FTTH - a long way to go 70
8 Philippines Telecom Towers Infrastructure Landscape 71
8.1 Philippines Telecom Towers Market Analysis, 2023 71
8.1.1 Philippines Telecom Tower Market Overview 71
8.1.2 Philippines Telecom Towers Background 72
8.2 Philippines Telecom Towers Market Forecast 75
8.2.1 Philippines Telecom Towers Forecast, 2023-2031 75
8.2.2 Regulatory Considerations 77
9 Thematics / Opportunities 78
9.1 Consolidation Opportunities 78
9.2 Diversification Opportunities 78
9.3 New Telecoms Operating Model 79
9.3.1 The Attraction of Infrastructure Multiples 79
9.4 6G Developments 80
10 Telco Transaction Database 83
11 Methodology 84
12 Copyright Notice 85

Landry Fevre
Woonona Rd
Northbridge, NSW 2063
Australia
+61 414164100
landry@idemest.com

About Idem Est Research Advisory
Idem Est Research and Advisory is a boutique telecommunications and digital infrastructure market research and advisory. Idem Est Research provides leading telecoms research helping our clients stay updated on the latest telecoms sector and digital infrastructure developments. The reports provide analyses of mobile and broadband markets, capital expenditure, forecasts, key telecom trends and thematic such as 5G and telecoms digital infrastructure, as well as other statistics of the telco industry.

This release was published on openPR.