Gloabl Telecom Towers Market

Feb 2019| VMF146A| Verified Market Research

Report Highlights

Global Telecom Towers Market Size By Tower Type (Lattice Tower, Guyed Tower, Others), By Fuel Type(Renewable, Non-renewable), By Installation(Rooftop, Ground-based, Others) By Geographic Scope and Forecast To 2026

According to Verified Market Research, The Global Telecom Tower Market was valued at USD 39.47 Billion in 2018 and is projected to reach USD 114.06 Billion by 2026, growing at a CAGR of 14.54% from 2019 to 2026.

Telecommunication towers are a combination of steel structures that are designed in order to support antennas for telecommunications and broadcasting. Wireless communication for the most part, such as mobile networking, television antennas as well as radio broadcasting is connected using telecom towers. A complete telecommunication tower can be defined as a whole set of mechanical structures and electronic signal processing unit which is used in order to be able to connect through these towers. The towers can vary in height depending on the area in which they are located and for various proposes. These towers can vary from ranges such as 15 to 60 meters as well as higher.

There are various types of telecommunication towers and one way that they can be classified as on the basis of their structural action. Telecommunication towers can be classified into various structural actions such as lattice towers, guyed towers, monopole towers, and stealth towers. Telecommunication towers are used in order to allow for communication among people. Communication through networking requires elevated antennas in order to effectively transmit and receive radio communications. In the case of an absence of tall buildings that antennas can be mounted to, towers can be used in order to mount antennas. The telecommunication market has aided in the increase in the demand for telecommunication towers in both rural as well as off-grid areas.

A rapidly increasing rate of urbanization has led to the upsurge in the development as well as the adoption of technology increase in the smartphone penetration because of which there is a growth in the annual data usage through wireless networks worldwide. This led to an improvement of the overall economy, especially with respect to rural areas through the facilitation of increasing income. Therefore, increased penetration of telecom towers in rural and off-grid areas is considered as one of the major driving factors for the growth of this market in the forecast period allowing for the creation of jobs and lowering of unemployment rates in such areas.

With the increasing number of cell phone subscribers comes the increasing number of telecom service providers and leads to the growth of public exposure to radio waves from telecommunication towers in general. This has sparked discussion regarding the harmful effects of high-frequency radio waves on both humans as well as the environment. Globally, there is more emphasis than ever from the public as well as regulatory pressure to reduce telecom tower energy consumption and therefore it can be suggested that the increased concerns for the emission of radiation might restrain the growth of the telecom market as they are leading to the opposition of tower deployments.

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