Global Telecom Equipment Market growing at a CAGR of 7.1% from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : Jul 2023 | Type : Press Release
Key Market Overview
The telecom equipment market is expected to reach USD 949.14 Million by 2030. The market, which was valued at USD 558.79 Million in 2022, is predicted to grow at a compound annual growth rate of 7.1% during the period 2023-2030.
The report highlights the increasing adoption of telecom equipment due to the expanding 5G network infrastructure that relies on advanced telecom equipment to handle the higher bandwidth, low latency, and massive connectivity requirements. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, and emerging technologies in the telecom equipment market.
Global Telecom Equipment Market By Overview
Consegic Business Intelligence provided an inclusive research report on the telecom equipment market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. Mobile communication system is anticipated to witness the fastest CAGR during the forecast period. The growth of the market is endorsed by the rising number of mobile subscribers worldwide, along with the expanding mobile networks, and rising internet penetration. In addition, the exponential growth of mobile data traffic, fueled by video streaming, social media usage, app downloads, and other data-intensive activities, is also contributing to the growth of the mobile communication system segment. Moreover, the increasing adoption of mobile communication systems in various sectors including railway, retail, and healthcare is further promoting market growth.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand for telecom equipment due to expanding 5G network infrastructure is bolstering the market growth.
- Increasing investment by telecom operators to deliver high-speed data connectivity is propelling the growth of the telecom equipment market.
- Rising investment by the government to enhance the digital infrastructure of the country is bolstering market growth.
Restraints:
- High manufacturing and installation costs associated with telecom equipment are restraining the market growth.
- Environmental factors and electromagnetic interference are impeding the growth of the telecom equipment market.
Market Segmentation:
| Report Attributes | Report Details |
| By Component | Hardware and Software |
| By Type | Mobile Communication System, Network Communication Equipment, and Optical Communication Equipment |
| By Infrastructure | Wired and Wireless |
| By Technology | 2G, 3G, 4G, and 5G |
| By Industry Vertical | IT and Telecom, Retail, BFSI, Healthcare, Media and Entertainment, Military and Defense, Consumer Electronics, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
As per the study, the market is dominated by certain major companies such as Carritech Limited, Extreme Networks, Inc., FiberHome Technologies, and Fujitsu Limited that have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the telecom equipment market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.
- Carritech Limited
- Extreme Networks, Inc.
- FiberHome Technologies
- Fujitsu Limited
- Huawei Technologies Co. Ltd
- Juniper Networks, Inc.
- Rakuten Mobile, Inc.
- NEC Corporation
- Nokia Corporation
- Qualcomm TechCompany, Inc.
- Telefonaktiebolaget LM Ericsson
- ZTE Corporation
- Ribbon Communications Operating Company, Inc.
