According to the new research report published by The Insight Partners, titled “Telecom Tower Market - Global Analysis and Forecast to 2025”, the global telecom tower market is expected to reach US$ 146.5 billion in 2025, registering a CAGR of 18.0% during the forecast period 2018 to 2025.
In 2017, Asia-Pacific accounted for the largest revenue share of more than one-third of the total market share, followed by North America.
Majority of the telecom tower installations have belonged to the lattice tower category or the monopole tower category. These type of towers provide maximum coverage for the operators and therefore serve a wider mass. Also, in the initial years, Greenfield towers were mostly observed in the tower installations however, with space constraints and rising land costs, rooftop towers have found higher attractiveness amongst the telecom tower players as well as the mobile network operators.
As the green field towers are placed at areas which are slightly away from the human residencies, the concerns around the harmful radiation effects from these towers are eliminated. Also, in the semi-urban as well as rural areas, the placement of the green field towers is more feasible as compared to the rooftop towers as they provide maximum coverage to the area it serves. Advantages such as provisioning maximum coverage, and accommodating more number of tenants on a single tower leading to more revenue generation for the towerco are anticipated to further drive the adoptions of green field towers in the coming years. Also, initiatives from the Government for bringing digitalization in the rural and semi-urban areas is also expected to further boost the market growth. As a result, the green field tower market for the tower placement segment is anticipated to grow at a CAGR of 11.8% during the forecast period from 2018 to 2025.
In the current market scenario, European countries are concentrated with large numbers of tower, and the tower count is constantly increasing year on year. Russia is the leading country in terms of tower count in 2017, followed by Germany, France, Spain, Italy, and the UK. Rest of Europe also consists of some of the prominent regions such as Poland, Ukraine, the Netherlands, and Kazakhstan among others. As of 2017 Q3, the European telecom tower market is largely captured by mobile network operator- captive sites with 361,750 towers, followed by operator led towercos with 104,706 towers, independent towercos with 72,944 towers and finally joint venture operators with 58,600 towers. MNO captive sites and independent towercos are projected to increase their tower count and market shares in the coming years, while the joint venture operators and operator led infrastructures are expected to sell their tower portfolios in the future. As a result, the Europe market is projected to witness an attractive growth rate of 9.9% from 2018 to 2025.
Key findings of the study:
- From a growth perspective India in Asia-Pacific region is anticipated to witness the most lucrative CAGR growth of 24.2% rate during the forecast period
- Based on deployment type, the roof type segment is projected to witness significant lucrative profitable opportunities with projected CAGR growth rate of 21.5%
- The growing penetration of high speed internet coupled with rising volume of cellular devices in India is poised to boost the telecom tower market in the country thereby registering a staggering CAGR growth rate of 30.1%
As of 2017, the total count of installed telecom towers in Asia Pacific accounted for 3,047,847. The towercos dominate the telecom tower market in the region, representing more than 65% total numbers to telecom towers. The count of towers operated by towercos accounted for 1,992,467. Continuous mergers and acquisitions (M&A) among the MNOs, towercos, joint ventures between MNOs and towercos in various Asian countries is a major driving factor for telecom tower market in Asia Pacific. China and India heavily dominate the telecom tower market in Asia Pacific, owing to the presence of China Tower Corporation (CTC) in China that holds the largest numbers of towers globally. Indian market is highly fragmented pertaining to large numbers of players operating in the field of telecom towers. In addition, various MNOs such as state owned BSNL and MTNL and privately owned Reliance Communication (RCom), Bharti Airtel, Vodafone India, and Reliance Jio (Rjio) in India have set up their own towers, which facilitates the market to propel in India. Japan is expected to witness a CAGR growth rate of 18.7%
The market for telecom tower is concentrated with large numbers of well-established players as well as emerging players across the globe. The major companies operating in the market includes American Tower Company, China Tower Corporation, Indus Towers Limited, IHS Holding Limited, and PT Tower Bersama Infrastructure TBK. Ltd. Also, Crown Castle International Corp., SBA Communications Corporation, Telesites S.A.B. de C.V., Cellnex Telecom, S.A. (Abertis Telecom Satélites, S.A., and Telxius. are few other players that are investing into the technological innovations for rolling out telecom towers in the near future.
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