The global telecom tower market is anticipated to grow at a CAGR of 3.4% during the forecast period. The major factors behind the growth of the market include the increasing work from home population and increasing consumption of video content downloads, streaming on the social media platforms. All these factors will fuel the growth of the market during the forecast period.
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According to the telecom exchange websites, around 250,000 towers were erected globally in 2020, with emerging economies like China and India having most of the tower installations. Due to the recent COVID-19 pandemic, the work from home culture has increased the need for high-speed internet and better communications. Due to these factors, there will be significant growth in the market during the forecast period. On December 2020, American Tower Corporation completed the acquisition of InSite Wireless Group LLC for US $3.5 billion. There has been an increase in the operator-owned towers across the globe. Today, there are more than 2 million telecom towers in place, which are owned by the operators. These telecom tower infra companies have multiple mobile network operators (MNOs) as their clients, providing further growth in the market during the forecast period. According to the American Tower Corporation, in 2020, India had the most number of towers, which are operator owned and are around 74,732 followed by the US which stands at 27,058. All these factors combined will fuel the growth of the market significantly during the forecast period. According to the Communications Monitoring Report 2020, the average monthly consumption of data will increase to 2.9 gigabytes per month.Some of the key global players in the telecom tower market include Bharti Infratel Limited, AT&T, Inc., Helios Towers Africa, American Tower Corporation, Verizon, SBA Communications Corporation, and many others.
Global Telecom Tower Market
By Type of Tower
- Lattice Tower
- Guyed Tower
- Monopole Tower
- Stealth Tower
By Installation
- Ground Based
- Rooftop
By Ownership
- Operator owned
- Joint venture
- Privately owned
- MNO captive
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Telecom Tower Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Bharti Infratel Limited
- AT&T, Inc.
- Helios Towers Africa
- American Tower Corporation
- Verizon
- SBA Communications Corporation
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