ID: MRFR/SEM/3030-CR | April 2020 | Region: Global | 185 pages
Global Telecom Equipment Market is expected to register a CAGR of 11.23% during the forecast period 2019–2025.
Telecommunications equipment comprises hardware used mainly for communication purposes. It includes broadband access and home networking, carrier IP telephony, microwave transmission & mobile backhaul, mobile radio access network (ran), optical transport, routers & carrier ethernet switches, and wireless packet cores.
The market is driven by the increased growth of cellular stations and the need for next-generation-ready network equipment for 5G networks. Telecommunications has been one of the fastest-growing industries across the globe. There have been constant advancements in communication and smartphone technology. Innovative developments in smartphones which include improved processing power, enhanced graphics, and camera capabilities have resulted in the increasing ownership of smartphones across the globe. Furthermore, improved security and the integration of advanced features such as AR and VR among others, and the growing use of Internet-based applications has also fueled the growth of the smartphone market which, in turn, has increased the demand for cellular base stations to support the transmission and routing of a significant volume of communication signals. Also, there has been a major upsurge in the number of internet users across the globe which has propelled the demand for wireless access points. Digitalization, low internet tariffs, and the need for high-bandwidth communication have further boosted the adoption rate of the Internet and fiber optic cables globally which has cumulatively impacted the global telecom equipment market. However, the high cost of new product development is expected to hamper the market growth. Network demands for applications in IoT and connected devices are expected to offer opportunities to the telecom equipment market during the forecast period.
Global Telecom Equipment Market, By Region, 2019 (%)
Source: MRFR Analysis
The Global Telecom Equipment Market, by region, has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America accounted for the largest market share in 2018, with a value of USD 66.38 billion; the regional market is expected to register a CAGR of 10.25% during the forecast period. The growth of the North American market is attributed to the presence of major players and the increasing need for 5G compatible/ready network equipment in the region. The growth of the Asia-Pacific market is attributed to the increasing investments in network infrastructure, which is expected to drive the growth of the telecom equipment market in Asia-Pacific
The Key Players in the Global 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 Korea), Juniper Networks, Inc. (US), CommScope Holding Co., Inc. (US), Extreme Networks, Inc. (US), Ribbon Communications Operating Company, Inc. (US), and NEC Corporation (Japan).
According to MRFR analysis, Huawei Technology Co., Ltd is a leading global information and communications technology (ICT) solutions, provider. The company provides telecom carriers, enterprises, and end-users with competitive ICT solutions, products, and services. The company operates through four business divisions, namely carrier business, enterprise business, consumer business, and Huawei cloud. For the telecom equipment market, Huawei offers solutions for wireless networks, fixed networks, cloud core networks, and carrier software. The company is a major player in the market with the largest market share.
Key Questions Addressed by the Report
Frequently Asked Questions (FAQ) :
Global telecom equipment market is projected to grow at approximately 11.23% CAGR during the assessment period (2019-2025).
The increased growth of cellular stations, need for next-generation-ready network equipment for 5G networks, and constant advances in communication & smartphone technology, are major tailwinds pushing the growth of the global telecom equipment market.
North America holds the largest share in the global telecom equipment market, followed by the Asia Pacific region and Europe, respectively.
Ciena (US), Huawei Technologies Co. Ltd (China), Nokia (Finland), Cisco Systems, Inc. (US), ZTE Corporation (China), Fujitsu Ltd (Japan), Qualcomm Technologies, Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), Samsung Group (South Korea), CommScope Holding Co., Inc. (US), Juniper Networks, Inc. (US), Extreme Networks, Inc. (US), NEC Corporation (Japan), and Ribbon Communications Operating Company, Inc. (US), are some of the top players operating in the global telecom equipment market.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global telecom equipment market adopt to gain a larger competitive advantage.