Telecom Towers Market Update: Exceeding Expectations of Key Players That Shows Promising Future
Seattle, WA -- (SBWIRE) -- 11/29/2019 -- Mobile telecom industry has witnessed significant growth rate in last decade and it is expected to grow consistently over different generations of network communications. Starting from 0G mobile telecom service (MTS) to current long term evolution (LTE) 4G, the mobile telecommunication has turned as necessity to everyone. The second generation (2G) mobile telecommunication gave a major boost to the mobile telecom industry as it surprised consumers with internet browsing offering on mobile phones along with clear voice calling facilities.
Growing number of internet and telecom users and the huge requirement for seamless communication services over and highways are some of the key factors expected to drive the global telecom towers market growth over the forecast period. In addition to this, growing penetration of mobile phones in remote, as well as an urban area and huge competition between major players to deliver better coverage, is also a significant factor projected to boost the growth of global telecom towers market.
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Recent trends have shown high prospective of strengthening of telecom tower network, where multiple new technologies are liable to grow. Ongoing researches on Internet of Things (IoT), real time security devices monitoring and accessibility, remote health care services, etc. are some emerging technologies projecting to increase the burden on telecom tower in coming years.
Key Market Trends
Lattice Tower is expected to register a Significant Growth
Lattice telecom towers are mostly three-legged towers, with tubular leg elements and tubular bracing members. They are used explicitly in case of heavy loads, which makes them suitable for central communication hubs and MW backbone sites in hurricane zones. The primary purpose of setting up a lattice telecom tower in a telecom network is to support more than one antenna for communication purposes. These towers also support the load of supporting apparatus used in communication networks.
Global Telecom Towers Market Segmentation, by Tower Type
- Lattice Tower
- Guyed Tower
- Monopole Tower
- Stealth Tower
Global Telecom Towers Market Segmentation, by Fuel Type
Global Telecom Towers Market Segmentation, by Installation
Geographically the telecom tower market is presently dominated by developed regions including, Asia Pacific. However, the market is expected to be in favor of the Middle East and Africa, and North America. The rising penetration of smartphones in the developing economies of Africa and Asia coupled with the rapidly developing internet infrastructures in these regions are proving to be the major drivers for the growth in the adoption of telecom tower installations.
American Tower Company, Cellnex Telecom, China Tower Co. Ltd., Crown Castle International Corp., Indus Tower Ltd., IHS Holdings Ltd., SBA Communication Corporation, Telesites S.A.B. DE C.V, Telxius (Telefonica SA), and PT Tower Bersama Infrastructure TBK.
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