Telecom Equipment Market Overview:
According to the MRFR research reports, Telecom Equipment Market Research Report: by End User, Offerings Products, and Region – Forecast Till 2030, the telecom equipment market is predicted to flourish at a CAGR of approximately 8.1% during the review timeframe from 2020 to 2030.
Market Scope: Broadcast communications is considered one of the fastest growing sectors across the globe. Telecom gear consists of equipment components for correspondence purposes such as microwave transmission & versatile backhaul, home systems administration, transporters ethernet switches, optical vehicle, broadband access, transporter IP innovation, and portable radio access organization (ran). The media transmission hardware market makes the administrations, components, and developments likely for correspondence. Organizing gadgets such as switches and switches, link modems, computerized endorser lines (DSL), chipsets, link modems, cells, and emote and landline foundation hardware are the products developed by the telecom business. According to the EPW Research Foundation report, media communications is one of the crucial areas drawing in the strange direct venture to India. The telecom gear market growth depends on the sales from link organizations, TV & radio telecasters, information correspondence suppliers, phone hardware organizations, and companies. Among these, TV and radio telecasters and line-based correspondence hardware refer to the remote interchanges gear gaining the telecom gear producers and a more significant part of the business income piece of the pie.
Market Size in 2030
USD 916.54 Billion
CAGR of 8.1% from 2022 to 2030
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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The list of prominent players across the global market for telecom equipment has companies such as:
- Huawei Technologies Co. Ltd (China)
- Qualcomm Technologies, Inc. (US)
- Ciena (US)
- Samsung Group (South Kore)
- Nokia (Finland)
- Juniper Networkds, Inc. (US)
- ZTE Corporation (China)
- CommScope Holding Co., Inc. (US)
- Cisco Systems, Inc. (US)
- Extreme Networks, Inc. (US)
- Fujitsu Ltd (Japan)
- Ribbon Communications Operating Company, Inc. (US)
- Telefonaktiebolaget LM Ericsson. (Sweden)
- NEC Corporation (Japan)
Market USP Covered
The global market for telecom equipment has grown immensely in recent times, given the increased number of internet users, low internet tariffs, the need for high-bandwidth communication, and rising radio & TV broadcasting.
On the other hand, the new product development costs may restrict the market's growth.
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The global health crisis in the form of COVID-19 has impacted the manufacturing facilities for the majority of the industry areas across the globe. Like all the other market areas, the global market for telecom equipment also witnessed several unexpected challenges during the pandemic. Sudden fall in demand, loss of revenues, etc., are some of the prime challenges the global market faces. On the other hand, with the rapid vaccination going on across most parts of the world, the global market for telecom equipment is anticipated to grow substantially over the coming years.
Among all the types, the Network Communication Equipment segment is anticipated to secure the top position across the global market for telecom equipment over the assessment timeframe. The constant technological advances in wireless LAN technology are the primary parameter supporting the segment's growth. Furthermore, the high-speed Ethernet switches are another primary parameter causing demand for this equipment over the assessment timeframe.
Among all the application areas, the consumer electronics segment is anticipated to secure the top position across the global market for telecom equipment over the assessment era. The growing prevalence of mobile phones across the globe is the main factor causing a rise in the segment's growth.
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The global market for telecom equipment is analyzed across five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
According to the MRFR analysis reports, the North American region is predicted to secure the top position across the global market for telecom equipment over the review timeframe. The primary factor boosting the regional market's growth is the change in consumer preference toward mobile devices and cloud-based technologies. Furthermore, the heavy infrastructure and wireless communication investments are other prime parameters boosting the regional market's growth. as per the research reports by MRFR, and the regional market secured the top position across the globe in 2018 with a size of approximately USD 66.38 billion. The report further predicts the market to flourish substantially with a robust CAGR of over 10.25% during the assessment era. Moreover, the region is known for the presence of several leading players across the global market, which is anticipated to boost the regional market's growth over the future years. The growing requirements for 5G compatible network equipment across the region are also predicted to influence the regional market's growth.
The telecom equipment market for the Asia-Pacific region is anticipated to exhibit the highest CAGR over the coming years. the growing investments in network infrastructure are the primary parameter supporting the growth of the regional market. Furthermore, the presence of various telecom equipment & services providers is another prime parameter boosting the regional market's growth over the coming years.
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