Telecom Equipment Market
Telecom Equipment Market Forecasts to 2030 - Global Analysis By Component (Hardware, Software and Services), Infrastructure (Wired and Wireless), Technology (2G/3G, 4G/LTE, 5G, VoIP and Other Technologies), Application, End User and By Geography
According to Stratistics MRC, the Global Telecom Equipment Market is accounted for $762.4 billion in 2024 and is expected to reach $1,087.6 billion by 2030, growing at a CAGR of 6.1% during the forecast period. Telecom equipment encompasses a wide range of hardware and technologies used for communication purposes. This includes devices such as routers, switches, transmission lines, satellites, base transceiver stations, and other infrastructure essential for transmitting data, voice, and video across various networks. Key components include wired and wireless systems, fiber optics, and networking devices. Telecom equipment is vital for ensuring connectivity and supporting the operation of telecommunication networks in both consumer and enterprise environment.
According to a report by the Global System for Mobile Communications Association (GSMA), 5G networks are projected to cover one-third of the world’s population by 2025. The GSMA estimates that operators will invest around $1.1 trillion globally in mobile CAPEX between 2020 and 2025, with 80% of this investment dedicated to 5G networks, driving demand for advanced telecom equipment.
Market Dynamics:
Driver:
Increasing data consumption
According to the International Telecommunication Union (ITU), global data consumption is expected to nearly triple from 3.4 million petabytes (PB) in 2022 to 9.7 million PB by 2027. This surge is driven by the proliferation of smartphones, video streaming, IoT devices, and the rollout of 5G networks. The increasing demand for high-speed internet and data-intensive applications necessitates continuous investment in advanced telecom equipment to enhance network capacity, speed, and reliability, thereby driving market growth.
Restraint:
Increasing data consumption
The high costs associated with deploying and maintaining advanced telecom infrastructure, particularly for 5G networks, pose a significant restraint. According to PwC, telecom operators are projected to invest $342.1 billion in their networks by 2027. These substantial capital expenditures, coupled with the need for frequent upgrades and maintenance, can strain financial resources, especially for smaller operators. Additionally, the commoditization of connectivity services limits pricing power, making it challenging to recover these investments quickly.
Opportunity:
Expanding network coverage
Expanding network coverage, especially in underserved and rural areas, presents a significant opportunity for the telecom equipment market. The International Telecommunication Union (ITU) estimates that around 3 billion people globally remain unconnected. Initiatives like the Digital India program and the National Broadband Mission aim to bridge this digital divide by enhancing network infrastructure. Expanding coverage not only increases the customer base but also drives demand for telecom equipment, including towers, fiber-optic cables, and wireless communication devices.
Threat:
Intense competition
Intense competition in the telecom sector poses a threat to market players. The telecom industry faces pressure from new entrants and existing players striving to offer competitive pricing and innovative services. This competition can lead to price wars, reducing profit margins, and making it challenging for companies to sustain operations and invest in new technologies. Additionally, the rapid pace of technological advancements requires continuous innovation to stay ahead, further intensifying competitive pressures.
Covid-19 Impact:
The COVID-19 pandemic underscored the critical importance of telecommunications infrastructure. According to the International Finance Corporation (IFC), the sector saw increased data traffic and broadband usage as more people worked from home and relied on digital services. However, supply chain disruptions and increased operational complexities posed challenges. Despite these hurdles, the pandemic accelerated the adoption of digital technologies, highlighting the need for robust telecom equipment to support remote work and digital connectivity.
The hardware segment is expected to be the largest during the forecast period
The hardware segment is expected to be the largest during the forecast period due to its fundamental role in telecom infrastructure. This includes networking equipment, transmission equipment, wireless communication devices, and telecommunications infrastructure. As the backbone of telecom networks, hardware components are essential for building and maintaining robust, high-capacity networks capable of supporting increasing data traffic and advanced technologies like 5G.
The 5G segment is expected to have the highest CAGR during the forecast period
The 5G segment is expected to have the highest CAGR during the forecast period. According to the Global System for Mobile Communications Association (GSMA), 5G networks are projected to cover one-third of the world’s population by 2025. The deployment of 5G technology offers superior speed, low latency, and the capacity to support IoT and other advanced applications. This drives significant demand for 5G-compatible telecom equipment, including base stations, antennas, and small cells.
Region with largest share:
During the forecast period, the North American region is expected to dominate the telecom equipment market. This dominance is attributed to high investment in telecom infrastructure, early adoption of advanced technologies like 5G, and the presence of major telecom companies. In addition, North America’s telecom industry benefits from strong financial resources and a supportive regulatory environment, driving continuous advancements in network capabilities.
Region with highest CAGR:
During the forecast period, the Asia Pacific region is expected to witness rapid growth in the telecom equipment market. The region's growth is driven by increasing investments in telecom infrastructure, the rollout of 5G networks, and the growing number of internet users in countries like China and India. The region's expanding digital economy and rising consumer demand for high-speed connectivity further contribute to its high growth rate.
Key players in the market
Some of the key players in Telecom Equipment market include Huawei Technologies Co. Ltd, Nokia Corporation, Ericsson, ZTE Corporation, Cisco Systems, Samsung Electronics Co., Ciena Corporation, Fujitsu Limited, Juniper Networks, Inc., NEC Corporation, CommScope Holding Company, Inc., Adtran, Infinera, Arris International Limited, Qualcomm Technologies, Inc., Ribbon Communications Operating Company, Inc., FiberHome Technologies, and Extreme Networks, Inc.
Key Developments:
In July 2024, Nokia expanded its Fixed Wireless Access (FWA) portfolio with new 5G devices for the North American market and launched Broadband Easy Connect to simplify fiber home connections.
In June 2024, Ericsson won the Red Dot Design Award for its innovative Radio 4471 and Streetmacro 6705, recognizing excellence in industrial design and user experience.
In February 2024, Huawei showcased its 5.5G products and solutions at MWC Barcelona 2024, emphasizing the future of intelligent digital transformation and network-cloud-intelligence synergy.
Components Covered:
• Hardware
• Software
• Services
Infrastructures Covered:
• Wired
• Wireless
Technologies Covered:
• 2G/3G
• 4G/LTE
• 5G
• VoIP
• Other Technologies
Applications Covered:
• Consumer Electronics
• Enterprise Solutions
• Industrial Applications
• Government & Defense
• Other Applications
End Users Covered:
• Telecom Operators
• Internet Service Providers (ISPs)
• Data Centers
• Enterprises
• Residential
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Telecom Equipment Market, By Component
5.1 Introduction
5.2 Hardware
5.2.1 Networking Equipment
5.2.1.1 Routers
5.2.1.2 Switches
5.2.1.3 Gateways
5.2.1.4 Bridges
5.2.1.5 Other Networking Equipment
5.2.2 Transmission Equipment
5.2.2.1 Fiber Optic Cables
5.2.2.2 Coaxial Cables
5.2.2.3 Microwave Transmission
5.2.2.4 Satellite Transmission
5.2.2.5 Other Transmission Equipment
5.2.3 Wireless Communication Equipment
5.2.3.1 Mobile Devices
5.2.3.2 Base Stations
5.2.3.3 Antennas
5.2.3.4 Repeaters
5.2.3.5 Other Wireless Communication Equipment
5.2.4 Telecommunications Infrastructure
5.2.4.1 Towers
5.2.4.2 Small Cells
5.2.4.3 Other Telecommunications Infrastructure
5.3 Software
5.3.1 Network Management Software
5.3.1.1 Network Performance Management
5.3.1.2 Fault Management
5.3.1.3 Configuration Management
5.3.1.4 Security Management
5.3.2 Operational Support Systems (OSS)
5.3.3 Business Support Systems (BSS)
5.3.4 Communication Software
5.3.5 Security Software
5.4 Services
5.4.1 Installation and Maintenance Services
5.4.2 Consulting Services
5.4.3 Managed Services
6 Global Telecom Equipment Market, By Infrastructure
6.1 Introduction
6.2 Wired
6.3 Wireless
7 Global Telecom Equipment Market, By Technology
7.1 Introduction
7.2 2G/3G
7.3 4G/LTE
7.4 5G
7.5 VoIP
7.6 Other Technologies
8 Global Telecom Equipment Market, By Application
8.1 Introduction
8.2 Consumer Electronics
8.3 Enterprise Solutions
8.4 Industrial Applications
8.5 Government & Defense
8.6 Other Applications
9 Global Telecom Equipment Market, By End User
9.1 Introduction
9.2 Telecom Operators
9.3 Internet Service Providers (ISPs)
9.4 Data Centers
9.5 Enterprises
9.6 Residential
9.7 Other End Users
10 Global Telecom Equipment Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Huawei Technologies Co. Ltd
12.2 Nokia Corporation
12.3 Ericsson
12.4 ZTE Corporation
12.5 Cisco Systems
12.6 Samsung Electronics Co.
12.7 Ciena Corporation
12.8 Fujitsu Limited
12.9 Juniper Networks, Inc.
12.10 NEC Corporation
12.11 CommScope Holding Company, Inc.
12.12 Adtran
12.13 Infinera
12.14 Arris International Limited
12.15 Qualcomm Technologies, Inc.
12.16 Ribbon Communications Operating Company, Inc.
12.17 FiberHome Technologies
12.18 Extreme Networks, Inc.
List of Tables
1 Global Telecom Equipment Market Outlook, By Region (2022-2030) ($MN)
2 Global Telecom Equipment Market Outlook, By Component (2022-2030) ($MN)
3 Global Telecom Equipment Market Outlook, By Hardware (2022-2030) ($MN)
4 Global Telecom Equipment Market Outlook, By Networking Equipment (2022-2030) ($MN)
5 Global Telecom Equipment Market Outlook, By Transmission Equipment (2022-2030) ($MN)
6 Global Telecom Equipment Market Outlook, By Wireless Communication Equipment (2022-2030) ($MN)
7 Global Telecom Equipment Market Outlook, By Telecommunications Infrastructure (2022-2030) ($MN)
8 Global Telecom Equipment Market Outlook, By Software (2022-2030) ($MN)
9 Global Telecom Equipment Market Outlook, By Network Management Software (2022-2030) ($MN)
10 Global Telecom Equipment Market Outlook, By Operational Support Systems (OSS) (2022-2030) ($MN)
11 Global Telecom Equipment Market Outlook, By Business Support Systems (BSS) (2022-2030) ($MN)
12 Global Telecom Equipment Market Outlook, By Communication Software (2022-2030) ($MN)
13 Global Telecom Equipment Market Outlook, By Security Software (2022-2030) ($MN)
14 Global Telecom Equipment Market Outlook, By Services (2022-2030) ($MN)
15 Global Telecom Equipment Market Outlook, By Installation and Maintenance Services (2022-2030) ($MN)
16 Global Telecom Equipment Market Outlook, By Consulting Services (2022-2030) ($MN)
17 Global Telecom Equipment Market Outlook, By Managed Services (2022-2030) ($MN)
18 Global Telecom Equipment Market Outlook, By Infrastructure (2022-2030) ($MN)
19 Global Telecom Equipment Market Outlook, By Wired (2022-2030) ($MN)
20 Global Telecom Equipment Market Outlook, By Wireless (2022-2030) ($MN)
21 Global Telecom Equipment Market Outlook, By Technology (2022-2030) ($MN)
22 Global Telecom Equipment Market Outlook, By 2G/3G (2022-2030) ($MN)
23 Global Telecom Equipment Market Outlook, By 4G/LTE (2022-2030) ($MN)
24 Global Telecom Equipment Market Outlook, By 5G (2022-2030) ($MN)
25 Global Telecom Equipment Market Outlook, By VoIP (2022-2030) ($MN)
26 Global Telecom Equipment Market Outlook, By Other Technologies (2022-2030) ($MN)
27 Global Telecom Equipment Market Outlook, By Application (2022-2030) ($MN)
28 Global Telecom Equipment Market Outlook, By Consumer Electronics (2022-2030) ($MN)
29 Global Telecom Equipment Market Outlook, By Enterprise Solutions (2022-2030) ($MN)
30 Global Telecom Equipment Market Outlook, By Industrial Applications (2022-2030) ($MN)
31 Global Telecom Equipment Market Outlook, By Government & Defense (2022-2030) ($MN)
32 Global Telecom Equipment Market Outlook, By Other Applications (2022-2030) ($MN)
33 Global Telecom Equipment Market Outlook, By End User (2022-2030) ($MN)
34 Global Telecom Equipment Market Outlook, By Telecom Operators (2022-2030) ($MN)
35 Global Telecom Equipment Market Outlook, By Internet Service Providers (ISPs) (2022-2030) ($MN)
36 Global Telecom Equipment Market Outlook, By Data Centers (2022-2030) ($MN)
37 Global Telecom Equipment Market Outlook, By Enterprises (2022-2030) ($MN)
38 Global Telecom Equipment Market Outlook, By Residential (2022-2030) ($MN)
39 Global Telecom Equipment Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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