The telecom network infrastructure market is anticipated to thrive at a steady CAGR of 5.8% between 2023 and 2033. The market is anticipated to cross a market share of US$ 175.91 billion by 2033 while it is valued at US$ 100.1 billion in 2023.
The expansion of network towers along with the higher connectivity and Asia and Europe restructuring their telecom solutions are flourishing the market growth. Furthermore, highly advanced materials and HD calls are fueling the demand for telecom network infrastructures.
Governments deploying 5G structures along with the increased smartphone applications are another driving factor. Moreover, the advent of smart devices that use the network for better operability is also fueling the demand for telecom network infrastructure.
The stronghold of multiple telecom operators along with the expansion of digital businesses and online payments is thriving the demand for advanced telecom network infrastructure.
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Higher connectivity for enhanced security propositions makes authorities and governments around the world work for better communication. Thus, the adoption of smart telecom network infrastructure becomes a necessity. Options of 2G, 3G, 4G/LTE, and 5G bandwidths with different network ranges are helping smartphone penetration that further helps the telecom network infrastructure market.
Companies are providing LTE network solutions to small, mid-sized, and large business corporate end users. This helps businesses with a high-capability network platform, which is required for the high-processing and outsourcing operations.
Key Points
- The United States is another significant market. The market is anticipated to continue its growth with 5G deployments, expanding telecom operators, and the advent of smart devices.
- The Chinese telecom network infrastructure market leads in Asia due to the increased number of digital businesses, rapid digitization, and world-leading connectivity. Growing demand for smart devices along with an increased number of base stations.
- Europe with its broadband strategy program is another important regional market with higher tourist activity. The program is there to reach the connectivity goals.
- The product segment is likely to thrive in the component category due to individual devices like smartphones. It is expected to thrive at a CAGR of 5.2% during the forecast period.
- The base stations segment tops the product category with a CAGR of 4.8% between 2023 and 2033. The growth is attributed to easy deployment and enhanced network capability.
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Competitive Landscape
The key competitors focus on building infrastructure with strong and enhanced network capability. Key competitors also merge, acquire, and partner with other companies to increase the network range, connectivity, supply chain, and distribution channel. The key players in the market are Qualcomm Technologies, Sprint Corporation, Nokia Corporation Inc., and Huawei Technologies Inc.
- Nokia Corporation Inc. introduced its telecom network infrastructure with an expectancy of growth and margins. The company expects an operating margin of 9 to 12% in 2023.
- Qualcomm technologies collaborate with Viettel for the 5G infrastructure development. The merger is for the 5G platforms to commercialize huge MIMO RU and DU.
Key Segments
By Component:
- Product
- Base Stations
- Infrastructure Components
- Service
By Connectivity Technology:
- 2G
- 3G
- 4G/LTE
- 5G
By End User:
- Telecom Operators
- Enterprises
By Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- The Middle East & Africa
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