Global Telecom Tower Market to Reach 5.9 Million Units by 2032, Propelled by the Augmenting Demand for Energy-Efficient Power Systems

February 21, 2023 | Technology & Media

The latest report by IMARC, titled “Telecom Tower Market Report by Type of Tower (Lattice Tower, Guyed Tower, Monopole Towers, Stealth Towers), Fuel Type (Renewable, Non-Renewable), Installation (Rooftop, Ground-Based), Ownership (Operator-Owned, Joint Venture, Private-Owned, MNO Captive), and Region 2024-2032”, finds that the global telecom tower market size reached 4.8 Million Units in 2023. Telecom tower refers to a building that joins several steel structures together to support wireless telecommunications facility antennas. It houses antennas, dishes, and receivers which are used for communication and data transfer. It is made in different sizes and installed across various geographical locations based population density. It is used to connect electronic signals making communication amongst consumers more convenient and mitigating the saturation of electronic devices. Various types of telecom towers include monopole, guyed, stealth, and lattice that are run by numerous non-renewable and renewable fuels. In recent years, telecom tower has gained momentum due to its extensive utilization for transmitting communication signals and supporting antennas of television (TV) radio broadcasting, and mobile networks.

Global Telecom Tower Market Trends:

One of the primary factors driving the market is the augmenting demand for energy-efficient power systems globally. Additionally, the rising penetration of fourth- and fifth-generation (4G and 5G) LTE is creating a positive market outlook. Besides this, the exponential growth in the telecom industry has encouraged governments of different nations to invest in long-term evolution-advanced (LTE-A) networks and the installation of telecom towers. In line with this, the augmenting demand for numerous cellular devices, such as televisions (TVs), mobiles, and tablets, along with the increasing need for high-speed connectivity in rural and off-grid locations, is propelling the market growth. Furthermore, the sudden outbreak of the coronavirus disease (COVID-19) and the implementation of mandatory lockdowns have led to a boost in the sales of several consumer electronics for performing various business-related operations, including remote working and video conferencing. Apart from these factors, the integration of the internet of things (IoT) solutions and cloud infrastructure with cell phone networks are creating lucrative growth opportunities for the key players operating in the industry. Looking forward, IMARC Group expects the market volume to reach 5.9 Million Units by 2032, expanding at a CAGR of 2.1% during the forecast period (2024-2032).

Market Summary:

  • Based on the type of tower, the market has been divided into lattice, guyed, monopole, and stealth towers.
  • On the basis of the fuel type, the market has been bifurcated into renewable and non-renewable.
  • Based on the installation, the market has been segregated into rooftop and ground-based.
  • On the basis of the ownership, the market has been segmented into operator-owned, joint venture, private-owned, and MNO captive.
  • Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been analyzed, with some of the key players being American Tower Corporation, AT&T Inc., Cellnex Telecom S.A., China Tower Corporation Limited, Crown Castle, GTL Infrastructure Limited, Helios Towers plc, IHS Holding Limited, Indus Towers Limited (Bharti Airtel), SBA Communications Corporation, Telesites S.A.B. de C.V., and Viom Networks.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion, Million Units
Segment Coverage Type of Tower, Fuel Type, Installation, Ownership, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered American Tower Corporation, AT&T Inc, Cellnex Telecom S.A., China Tower Corporation Limited, Crown Castle, GTL Infrastructure Limited, Helios Towers plc, IHS Holding Limited, Indus Towers Limited (Bharti Airtel), SBA Communications Corporation, Telesites S.A.B de C.V. and Viom Networks.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

30 N A
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Telecom Tower Market to Reach 5.9 Million Units by 2032, Propelled by the Augmenting Demand for Energy-Efficient Power Systems
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More