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Telecom Equipment Market Research Report Information By Offerings Products (Broadband Access, Core Network, Software Services and Managed Services), By Infrastructure (Wireless Infrastructure and Wired Infrastructure), By End User (Consumer Electronics, BFSI, Retail, Media, Defense and others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2032

ID: MRFR/SEM/3030-CR | 185 Pages | Author: Aarti Dhapte| April 2020

Global Telecom Equipment Market Overview:

Telecom Equipment Market Size was valued at USD 718.6 billion in 2023. The Telecom Equipment market industry is projected to grow from USD 789.3 Billion in 2024 to USD 1123.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.10% during the forecast period (2024-2032). The expansion of cellular towers, the requirement for 5G networks to use equipment suitable for the next generation, and the rising expenditures on network infrastructure are the key market drivers enhancing the market growth. 

Telecom Equipment Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Telecom Equipment Market Trends

  • The exponentially increasing number of mobile phone users would contribute significantly to market expansion.

The number of internet users expanding globally has increased the demand for wireless access points. The usage of the internet and fiber optic cables is expanding due to low internet rates, digitalization, and the desire for high-bandwidth communication, which is driving up demand for telecom test equipment. The growth of the telecom equipment industry relies heavily on orders from enterprises, cable companies, telephone equipment manufacturers, data communication service providers, and TV and radio broadcasters. TV and radio broadcasters and line-based communication equipment are two examples of wireless communications equipment that generate the majority of industry income and expand the market share of telecom equipment manufacturers. Additionally, as radio and television broadcasts and social media outlets expand, so does the size of the worldwide telecom equipment industry. The increased deployment of 4G and LTE networks has led to improvements in the telecom equipment sector. However, the rate of growth of the telecom cabling equipment market is being boosted by the expansion of cellular towers and the demand for next-generation ready network equipment for 5G telecom equipment networks.

With the quick digitalization of every business, the telecom sector is expanding at a rate that has never been seen before. The advancement of communication infrastructure and tools has been facilitated by digitization. As a result, the fast digitalization of all industries has emerged as the primary force behind the expansion of the telecom equipment industry. The number of mobile users increases daily around the globe. According to the GSM Association's "The Mobile Economy Asia-Pacific - 2020 Report," 663 million more individuals will begin using mobile phones by 2025. Thus, the market's expansion would be significantly influenced by the fast-increasing number of mobile phone users. The need for sophisticated telecom equipment has increased because of improvements in wireless communication infrastructure. Examples include mobile radio access networks (ran), microwave transmission, IP telephony, optical transport, mobile backhaul, and carrier Ethernet.

Telecom Equipment Market Segment Insights:

Telecom Equipment Offerings Products Insights

The Telecom Equipment market segmentation, based on Offerings Products, includes Broadband Access, Core Networks, Software Services and Managed Services. The anticipated period will see the highest rise in the core network share. A core network, also known as a backbone network, is a key conduit used in telecommunications to carry network data quickly. The performance and dependability of long-distance and large-scale data transfers are the primary concerns of core networks.

Telecom Equipment Infrastructure Insights

The Telecom Equipment market segmentation, based on Infrastructure, includes Wireless Infrastructure and Wired Infrastructure. Due to the increasing number of smart city projects in developing countries, the wireless segment is predicted to experience significant market growth over the coming years. To offer users wireless networks, a group of communication tools, connection standards, and networking techniques operate together as wireless Infrastructure.

Figure 1: Telecom Equipment Market by Infrastructure, 2021 & 2030 (USD Million)Telecom Equipment Market by Infrastructure, 2021 & 2030

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Telecom Equipment End User Insights

The Telecom Equipment market segmentation, based on End users, includes Consumer Electronics, BFSI, Retail, Media, Defense and others. In 2023, consumer electronics held the biggest market share. Consumer electronics held the biggest market share in 2023 regarding end users. Non-commercial electronics are referred to as consumer electronics. Mobile devices, cellphones, smart wearables, computers, laptops, televisions, refrigerators, and household appliances are examples of consumer electronics. consumer electronics demand is driven by growing demand for a variety of home improvement items and electronic equipment for personal and professional usage. In addition, improving living standards, higher desire for luxury items, technical breakthroughs, and rising disposable income are some key reasons boosting the market growth in the consumer electronics sector.

Telecom Equipment Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North America Telecom Equipment market accounted for USD 300.66 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. The primary driver of market expansion in North America is the presence of well-known industry players. The deployment of telecom equipment is being accelerated by the quickly developing sophisticated telecom networking technologies. The growing trends of remote working and business mobility drive the requirement for a strong, dependable, and high-speed communication infrastructure. The demand for telecom equipment is rising across North America due to the Region's growing need for high-speed communications networks. The rising demand for IoT-based smart applications further impedes the regional telecom equipment market's growth. The need for cutting-edge wireless telecom equipment and network infrastructure has increased due to the widespread use of wireless communication.

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

With the growing mobile telecommunications business, Europe is predicted to demonstrate a large adoption of telecom equipment. It is essential for promoting market expansion throughout Europe that many corporations set up shops in various European nations. The market demand is further increased by significant investments in cutting-edge networking technologies like 5G, LTE, and VoLTE. The rise of IoT-based applications and smart Infrastructure will also increase demand for telecom equipment in Europe. Moreover, the China Telecom Equipment market held the largest market share, and the India Telecom Equipment market was the fastest-growing market in the Asia-Pacific region.

Due to the considerable continuing advances in the internet infrastructure, Asia-Pacific is projected to see significant growth in the market for telecom equipment. There is a significant demand for cutting-edge communication technologies like 5G, LTE, or VoLTE in nations like China, Japan, and India. Through platforms like robots, the Internet of Things (IoT), and virtual reality, 5G technology will provide possibilities and demand throughout Asia-Pacific (VR). In addition, major market participants have begun enlarging their production and manufacturing facilities around the area. For instance, Nokia Corporation started making next-generation 5G telecom equipment in India in December 2020. As a result, the elements together would likely blossom market expansion throughout Asian countries. Urbanization and industrialization are projected to accelerate the market's growth.

Telecom Equipment Key Market Players & Competitive Insights

Major market players are investing a lot of money in R&D to expand their product portfolios, which will spur further market growth for cervical fusion. With significant industry changes, including new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and remain in a market that is becoming increasingly competitive, Telecom Equipment industry competitors must provide affordable products.

Manufacturing locally to cut operational costs is one of the main business tactics used by the Telecom Equipment industry to serve customers and increase the market sector. The Telecom Equipment industry has recently given medicine some of the most important advantages. The Telecom Equipment market major player such as Huawei Technologies Co. Ltd (China), Ciena (US), Nokia (Finland), ZTE Corporation (China), Cisco Systems Inc. (US), Fujitsu Ltd (Japan), Telefonaktiebolaget LM Ericsson. (Sweden), Qualcomm Technologies Inc. (US), Samsung Group (South Kore), Juniper Networkds Inc. (US), CommScope Holding Co. Inc. (US), and Extreme Networks Inc. (US). Ribbon Communications Operating Company Inc.(US), NEC Corporation (Japan), and others are working on expanding the market demand by investing in research and development activities.

The advancement arrangement Smart 8T8R was provided by Huawei Technologies Co.Ltd., one of the well-known key players. This new configuration has all fixed the FDD double band 8T8R RRUs, SDA programming, and inventive computations. This clever 8T8R configuration supports multi-area organizations across all 2G, 3G, and 4G networks thanks to programming frameworks that assist in achieving the planned transition to 5G. With Kathrein, a leading radio wire and channel innovation provider, Ericsson has a procurement section for receiving wires and channels. This completed acquisition expanded the organization's structure for receiving wire and channel product offerings.

Established in 1865, Nokia Firm is a corporation specializing in consumer electronics, information technology, and telecommunications. Nokia announced Pekka Lundmark as its next CEO on March 2, 2020. Later in the same month, Nokia finished buying Elenion Technologies, a U.S.-based business specializing in silicon photonics technology to boost the profitability of sophisticated optical communication solutions.

Key Companies in the Telecom Equipment market include

• Huawei Technologies Co. Ltd (China)

• Ciena (US)

• Nokia (Finland)

• ZTE Corporation (China)

• Cisco Systems Inc. (US)

• Fujitsu Ltd (Japan)

• Telefonaktiebolaget LM Ericsson. (Sweden)

• Qualcomm Technologies Inc. (US)

• Samsung Group (South Kore)

• Juniper Networkds Inc. (US)

• CommScope Holding Co. Inc. (US)

• Extreme Networks Inc. (US)

• Ribbon Communications Operating Company Inc.(US)

• NEC Corporation (Japan)

Telecom Equipment Industry Developments

  • December 2020: During the FTTH Europe virtual conference, Sterlite Technologies Limited introduced an intelligently bonded celesta ribbon optical fiber cable. The corporation created this celesta optical fiber cable to hasten network rollout and meet the need for deep fiberization.

  • May 2020: The "T-Marc R3305" family of integrated access devices and high-speed, multiservice business routers was unveiled by Telco Systems. A low-cost telecom router with several LAN, WAN, and VoIP connectivity options is the T-Marc R3305. Due to its beneficial characteristics, the solution is in great demand in Europe and the United States.

Telecom Equipment Market Segmentation:

Telecom Equipment Offerings Products Outlook

  • Broadband Access

  • Core Network

  • Software Services

  • Managed Services

Telecom Equipment Infrastructure Outlook

  • Wireless Infrastructure

  • Wired Infrastructure

Telecom Equipment End User Outlook

  • Consumer Electronics

  • BFSI

  • Retail

  • Media

  • Defense

  • others

Telecom Equipment Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2023 USD 718.6 billion
Market Size 2024 USD 789.3 billion
Market Size 2032 USD 1123.2 billion
Compound Annual Growth Rate (CAGR) 4.10% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2018 & 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Product Type, Operating Platforms, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Huawei Technologies Co. Ltd (China), Ciena (US), Nokia (Finland), ZTE Corporation (China), Cisco Systems Inc. (US), Fujitsu Ltd (Japan), Telefonaktiebolaget LM Ericsson. (Sweden), Qualcomm Technologies Inc. (US), Samsung Group (South Kore), Juniper Networkds Inc. (US), CommScope Holding Co. Inc. (US), and Extreme Networks Inc. (US).Ribbon Communications Operating Company Inc.(US), NEC Corporation (Japan)  
Key Market Opportunities Network demands for applications in IoT and connected devices. Developments in the telecom industry infrastructure, enhanced wireless telecom networks, and the growing development of LTE technologies.
Key Market Dynamics Increased cellular station expansion The need for network hardware prepared for the next generation of 5G networks. The growing financial support for network infrastructure.

Frequently Asked Questions (FAQ) :

The Telecom Equipment market size was valued at USD 718.6 Billion in 2023.

The market for Telecom Equipment is projected to grow at a CAGR of 4.10% during the forecast period, 2024-2032.

North America had the largest share of the Telecom Equipment market

The key players in the Telecom Equipment market are Huawei Technologies Co. Ltd (China), Ciena (US), Nokia (Finland), ZTE Corporation (China), Cisco Systems Inc. (US), Fujitsu Ltd (Japan), Telefonaktiebolaget LM Ericsson. (Sweden), Qualcomm Technologies Inc. (US), Samsung Group (South Kore), Juniper Networkds Inc. (US), CommScope Holding Co. Inc. (US), and Extreme Networks Inc. (US).Ribbon Communications Operating Company Inc.(US), NEC Corporation (Japan)

The anterior Telecom Equipment category dominated the market in 2023.

Minimally invasive spine surgery had the largest market share in the Telecom Equipment.

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