The Global Telecom Equipment Market is valued approximately at USD 714.32 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.34 % over the forecast period 2024-2032. Telecom equipment refers to hardware used primarily for telecommunications, such as transmission lines, multiplexers, and base transceiver stations. This equipment is essential for the communication infrastructure that supports the global flow of information. The market is expected to experience significant growth due to the expansion of cellular towers, the need for 5G networks, and increasing investments in network infrastructure. The increasing number of mobile phone users and the global expansion of internet users have significantly boosted the demand for wireless access points. The widespread use of fiber optic cables, driven by low internet rates, digitalization, and the demand for high-bandwidth communication, is further propelling the market. Orders from enterprises, cable companies, telephone equipment manufacturers, data communication service providers, and TV and radio broadcasters are pivotal in driving the growth of the telecom equipment industry. Additionally, the rising deployment of 4G and LTE networks has led to significant advancements in the telecom equipment sector.
The rapid digitalization of various industries is a major driving force behind the expansion of the telecom sector. The increasing number of mobile users globally, advancements in wireless communication infrastructure, and the deployment of sophisticated telecom equipment are key factors contributing to the market's growth. For instance, the GSM Association's "The Mobile Economy Asia-Pacific - 2020 Report" projected that 663 million more individuals would begin using mobile phones by 2025. This surge in mobile phone users is expected to drive the demand for advanced telecom equipment, including mobile radio access networks, microwave transmission, IP telephony, optical transport, mobile backhaul, and carrier Ethernet.
The key regions considered for the Global Telecom Equipment Market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2023, North America dominates the market, driven by the presence of well-known industry players and the rapid development of sophisticated telecom networking technologies. Europe is expected to demonstrate significant growth, supported by substantial investments in 5G, LTE, and VoLTE technologies. Asia Pacific is projected fastest CAGR during the forecast period 2024-2032, due to ongoing advancements in internet infrastructure and increasing demand for cutting-edge communication technologies in countries such as China, Japan, and India.
Major market players included in this report are:
- Huawei Technologies Co. Ltd
- Ciena
- Nokia
- ZTE Corporation
- Cisco Systems Inc.
- Fujitsu Ltd
- Telefonaktiebolaget LM Ericsson
- Qualcomm Technologies Inc.
- Samsung Group
- Juniper Networks Inc.
- CommScope Holding Co. Inc.
- Extreme Networks Inc.
- Ribbon Communications Operating Company Inc.
- NEC Corporation
The detailed segments and sub-segment of the market are explained below:
By Offerings:
- Products
- Broadband Access
- Core Network
- Software Services
- Managed Services
By Infrastructure:
- Wireless Infrastructure
- Wired Infrastructure
By End User:
- Consumer Electronics
- BFSI
- Retail
- Media
- Defense
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Telecom Equipment Market Executive Summary
- 1.1. Global Telecom Equipment Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Products
- 1.3.2. By Infrastructure
- 1.3.3. By End-User
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Telecom Equipment Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Telecom Equipment Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Expansion of Cellular Towers
- 3.1.2. Requirement for 5G Networks
- 3.1.3. Rising Expenditures on Network Infrastructure
- 3.2. Market Challenges
- 3.2.1. High Implementation Costs
- 3.2.2. Technical Complexities
- 3.3. Market Opportunities
- 3.3.1. Increasing Mobile Phone Users
- 3.3.2. Advancements in Wireless Communication Infrastructure
- 3.3.3. Digitalization Across Various Sectors
Chapter 4. Global Telecom Equipment Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Telecom Equipment Market Size & Forecasts by Products 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Telecom Equipment Market: Products Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Broadband Access
- 5.2.2. Core Network
- 5.2.3. Software Services
- 5.2.4. Managed Services
Chapter 6. Global Telecom Equipment Market Size & Forecasts by Infrastructure 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Telecom Equipment Market: Infrastructure Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Wireless Infrastructure
- 6.2.2. Wired Infrastructure
Chapter 7. Global Telecom Equipment Market Size & Forecasts by End-User 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Telecom Equipment Market: End-User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Consumer Electronics
- 7.2.2. BFSI
- 7.2.3. Retail
- 7.2.4. Media
- 7.2.5. Defense
- 7.2.6. Others
Chapter 8. Global Telecom Equipment Market Size & Forecast by Region 2022-2032
- 8.1. North America Telecom Equipment Market
- 8.1.1. U.S. Telecom Equipment Market
- 8.1.1.1. Products breakdown size & forecasts, 2022-2032
- 8.1.1.2. Infrastructure breakdown size & forecasts, 2022-2032
- 8.1.1.3. End-User breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Telecom Equipment Market
- 8.2. Europe Telecom Equipment Market
- 8.2.1. U.K. Telecom Equipment Market
- 8.2.2. Germany Telecom Equipment Market
- 8.2.3. France Telecom Equipment Market
- 8.2.4. Spain Telecom Equipment Market
- 8.2.5. Italy Telecom Equipment Market
- 8.2.6. Rest of Europe Telecom Equipment Market
- 8.3. Asia-Pacific Telecom Equipment Market
- 8.3.1. China Telecom Equipment Market
- 8.3.2. India Telecom Equipment Market
- 8.3.3. Japan Telecom Equipment Market
- 8.3.4. Australia Telecom Equipment Market
- 8.3.5. South Korea Telecom Equipment Market
- 8.3.6. Rest of Asia-Pacific Telecom Equipment Market
- 8.4. Latin America Telecom Equipment Market
- 8.4.1. Brazil Telecom Equipment Market
- 8.4.2. Mexico Telecom Equipment Market
- 8.4.3. Rest of Latin America Telecom Equipment Market
- 8.5. Middle East & Africa Telecom Equipment Market
- 8.5.1. Saudi Arabia Telecom Equipment Market
- 8.5.2. South Africa Telecom Equipment Market
- 8.5.3. Rest of Middle East & Africa Telecom Equipment Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. ZTE Corporation
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Market Strategies
- 9.3.2. Cisco Systems Inc.
- 9.3.3. Fujitsu Ltd
- 9.3.4. Telefonaktiebolaget LM Ericsson
- 9.3.5. Qualcomm Technologies Inc.
- 9.3.6. Samsung Group
- 9.3.7. Juniper Networks Inc.
- 9.3.8. CommScope Holding Co. Inc.
- 9.3.9. Extreme Networks Inc.
- 9.3.10. Ribbon Communications Operating Company Inc.
- 9.3.11. NEC Corporation
- 9.3.12. Huawei Technologies Co. Ltd
- 9.3.13. Ciena
- 9.3.14. Nokia
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes