Between 2023 and 2033, the telecom network infrastructure market is anticipated to expand at a compound annual growth rate (CAGR) of 5.8%. By 2033, the market, which is now estimated to be worth US$ 100.1 billion in 2023, is expected to have grown to a market share of US$ 175.91 billion.
The market is growing as a result of increased connectivity, the installation of additional network towers, and the restructuring of telecom services in Asia and Europe. Moreover, HD calls and ultramodern materials are driving demand for telecom network infrastructures.
Another motivating reason is the deployment of 5G infrastructure by governments together with the growth of smartphone applications. A further factor driving demand for telecom network infrastructure is the emergence of smart gadgets that rely on the network for improved operability.
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Due to the domination of numerous telecom carriers, the expansion of digital businesses, and the increase of online payments, there is a huge demand for cutting-edge telecom network infrastructure.
Governments and law enforcement agencies from all over the world are attempting to improve communication due to increased connectivity for enhanced security proposals. As a result, implementing smart telecom network architecture becomes essential. Smartphone adoption is aided by the availability of 2G, 3G, 4G/LTE, and 5G bandwidths with various network coverage, which benefits the telecom network infrastructure market as well.
Businesses are offering small, mid-sized, and large business corporate end users LTE network solutions. This benefits companies that have a high-capability network platform—essential for high-processing and outsourced activities.
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.
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.
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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