Telecom Equipment Market size was valued at US$ 538.9 Bn. in 2021 and the total revenue is expected to grow at 6.9% of CAGR through 2022 to 2029, reaching nearly US$ 919.03 Bn.
Telecom Equipment Market Overview:Rapidly growing the communication sector is expected to trigger the growth of Telecom Equipment market. The telecom equipment market demand is also being fueled by supportive policies for fixed-line devices from the telecom regulatory authorities. Some country's current fibre optic infrastructure needs to be expanded significantly in order to accommodate the deployment of the upcoming 5G wireless standard. During the forecast period, it is also expected that this aspect will support Telecom Equipment market growth.To know about the Research Methodology :- Request Free Sample Report
Telecom Equipment Market Dynamics:Improved smartphone penetration in the United States is expected to drive the Telecom Equipment market The market is expected to be driven by rising smartphone penetration in the United States. On the other hand, increasing use of wireless communication tools has resulted in a decrease in the demand for conventional fixed-line tools and equipment. Due to the introduction of new smartphones with improved functions and built-in applications, mobile devices have supplanted traditional communication methods. The country's mobile device penetration climbed by almost 4.7%. The MMR study also revealed that the most common method of Internet access is via a mobile device. Additionally, it is expected that the importance of communication equipment in the nation will increase as businesses are forced to go digital in order to remain competitive. To improve wireless capacity, businesses are improving their network infrastructure. They are continuing to invest in their network modernization, which is expected to drive industry growth during the forecast period. New investments in wireless infrastructure will be motivated by growing mobility applications for enterprise IT. The market for wireless devices is expected to rise during forecast period as the Internet-of-Things (IoT) ecosystem continues to develop. The demand for communication equipment will rise as telecom companies invest more money in building high-speed network infrastructure. The growth of wireless bandwidth capabilities & the growing investment by telecom operators to deploy high-speed network infrastructure is anticipated to deliver an impetus to the demand for communication equipment compatible with the varying network dynamics. Furthermore, faster & efficient communication requirements, & the rising rage of social media is allowing users to adopt Voice over Internet Protocol services, thereby contributing to industry development. Manufacturers focus on improving their product line in order to sustain their market presence. Apple Inc., Samsung Electronics Co. Ltd., LG Electronics Inc., and Lenovo Group Ltd. are key market participants. To maintain their market position, manufacturers concentrate on expanding their line of products. To compete in the highly competitive industry, equipment manufacturers are also replacing cable systems and slower Digital Subscriber Line (DSL) Internet access with fiber-optic networks. Also, the telecom equipment market sees intense competition due to the presence of a large number of companies. Product launches, R&D, partnerships, & M&A operations are a few of the crucial tactics used by well-known organisations to stay competitive. For instance, Lenovo Group Limited acquired Motorola Mobility from Google, Inc. & Google, Inc. entered into a contract with HTC to acquire its smartphone division team to work on the Pixel smartphone line.Thanks to investments in China, Huawei has easily maintained its market-leading position. With nearly 25% of the global market, Huawei is still by far the largest supplier, while Ericsson and Nokia are roughly tied with 15% each of the market. About 80% of the value of the global market is accounted for by the top seven suppliers; ZTE, Cisco, Ciena, and Samsung make up the other four spots. The numbers globally are obviously skewed by the size of the Chinese market, which is dominated by Huawei and ZTE: When China, which contributes around 26% of total sales, is excluded from the comparison, Ericsson and Nokia are tied with respect to the "rest of the world" market, holding about a 20% share of the market each. However, Huawei is not far behind with an 18% share, showing that despite sanctions and limitations, it is still a major player in the global telecom kit market. The US government's ongoing efforts to limit the use of Huawei's equipment are having an effect on the company's standing outside of China. However, Huawei continues to dominate the worldwide market, showing its dominance of the Chinese market, the breadth of its telecom product line, and its adaptability to changing market conditions. But Huawei's business, while still huge, is shrinking & its effect waning & its share is likely to continue to dip owing to ongoing international pressures. The full-year 2021 revenues to be approximately RMB 634 billion ($100 billion), a decrease of roughly 30% from the last year. Samsung is also expanding its share of the Telecom Equipment market as a result of the rising popularity of its radio access network (RAN) product line. The Telecom Equipment market will continue to grow: Despite the numerous challenges that face global trade and supply chains, such as the chip shortage, Covid-19, and the conflict in Ukraine, MMR expects that the global telecom network equipment sector will grow by 4% next year. Nokia, Vodafone Zealand ink pact to collaborate on 5G-Advanced & 6G Nokia, a manufacturer of telecom equipment, and Vodafone Zealand said on 29th September 2022 that they had agreed to jointly investigate the potential of 5G-Advanced and 6G networks. The two companies' 30 years of relationship in New Zealand are being commemorated by a collaborative arrangement that will accelerate the potential of Vodafone's enormous 4G/5G network. In addition to network slicing and private networks, Nokia and Vodafone New Zealand stated that they will work to develop commercial opportunities and future use cases in areas such as industrial automation, artificial intelligence, machine learning, edge computing, and 6G-enabled futures through their joint resource investment in technology validation, demos, and field trials.
Telecom Equipment Market Segments:In the year 2019, the fixed-line communication equipment segment's revenue share was less than 4.0%. Due to the growing acceptance and penetration of wireless devices, the fixed-line market is expected to experience a drop. Furthermore, there has been an increasing tendency of switching to more advanced and effective networking devices due to the fixed-line segment's relatively low level of innovation. The market for mobile devices is seeing strong demand. Customers are encouraged to purchase the newest cellphones more frequently as a result of the integration of new features and cutting-edge technology. The popularity of the Bring-Your-Own-Device (BYOD) trend, widespread Internet connectivity, and growing user mobility are also contributing to an increase in demand for Telecom Equipment worldwide. The Telecom sector is expected to increase as more convergent & affordable security solutions for mobile devices are deployed. Additionally, widespread use of mobile devices for Internet access would increase demand for global communication equipment. According to the MMR report, in the year 2019, 77.2 % & 76.7 % of the households had internet & broadband subscriptions, respectively. Changing budget allocations and growing IT spending in the U.S are propelling the demand for technologically advanced products to upgrade the existing enterprise infrastructure. Additionally, growing usage of wireless LAN by enterprises is also estimated to increase the Telecom Equipment industry growth. India is a new place for the production of telecom equipment India is seeing incredible growth in domestic manufacturing with the Production Linked Incentive (PLI) schemes presented for 13 sunrise sectors. Under the PLI plan, which was set up for the manufacturing of telecom equipment, the government approved a request from 31 companies last year. Over a four-year period, the corporations committed to investing INR 3,345 crore. The initiative, which will be in place as of 1 April 2021, intends to establish India as a new centre for the production of telecom equipment and support domestic businesses. The incentive under the programme will be offered for a period of five years, from 2025 to 2026, and will range from 4 to 7 percent of the additional sales of manufactured goods over the base year. Numerous pieces of telecom and networking equipment, such as core transmission equipment, 4G/5G equipment, wireless access equipment for next-generation radio access networks, customer premises equipment for the internet of things (IoT), access devices, switches, and routers, etc, are eligible for incentives. Mavenir, a US-based manufacturer of telecom equipment, introduced its updated 5G small cell On 29th September 2022, Mavenir introduced the Mavenir E511, a new 5G small cell that supports both centralised & decentralised ORAN systems. Currently, lab tests on the remedy are being conducted in the US, Europe, and India. Mavenir claimed that the tiny cell's zero-touch provisioning, ease of deployment, cost-effectiveness, and high capacity make it appropriate for use in a variety of deployment situations, including those in offices, stores, warehouses, factories, and public areas. According to the firm, more than 2 million small cell units have been placed worldwide. The new solution, which utilises Mavenir's end-to-end RAN solution, including a common Management System and CU, is a part of its growing small cell portfolio.
Telecom Equipment Market Regional Analysis:The market for telecom equipment in Asia-Pacific is expected to grow at the fastest rate. The Asia-Pacific Telecom Equipment market will have significant growth potential due to factors such an increase in the number of small and medium-sized businesses and considerable investments in the construction of IT and telecom infrastructure. Moreover, Asia-Pacific is expected to see strong development in the telecom equipment market due to significant ongoing enhancements to the internet infrastructure. Emerging economies like Japan, India, and China have a significant need for cutting-edge communication technologies like VoLTE, LTE, and 5G. By leveraging platforms like automation, the Internet of Things (IoT), and artificial intelligence, 5G technologies will create opportunities and demand in Asia-Pacific. As a result, there is an increase in demand for communication equipment throughout Asia-Pacific. In addition, major industry players have begun to increase their manufacturing and production facilities in the area. One of the largest telecom markets in the world is in India. The total number of subscriptions has increased over time, as have the numbers for wireless and wired internet subscriptions. As a result, there is a growing need for telecom equipment in the local industry.Acquisition, business expansions & technological advancements are common strategies followed by major market players.
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Telecom Equipment Market Base Year 2021 Forecast Period 2022-2029 Historical Data CAGR Market Size in 2021 Market Size in 2029 2017 to 2021 6.9% US$ 538.9 Bn US$ 919.03 Bn Segments Covered by Type • Network Communication Equipment • Mobile Communication Device • Optical Communication Equipment by Applications • Consumer Electronics • Banking • Media • Retail Regions Covered North America • United States • Canada • Mexico Europe • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe Asia Pacific • China • S Korea • Japan • India • Australia • Indonesia • Malaysia • Vietnam • Taiwan • Bangladesh • Pakistan • Rest of APAC Middle East and Africa • South Africa • GCC • Egypt • Nigeria • Rest of ME&A South America • Brazil • Argentina • Rest of South America
Manufacturing Companies in the Telecom Equipment Market are:• Barcodes, Inc (US) • Qualcomm Technologies, Inc (US) • Ribbon Communications Operating Company, Inc (US) • Juniper Networks, Inc (US) • Ciena Corporation (US) • Netgear, Inc. (US) • TESSCO Technologies (US) • Extreme Networks (US) • Arista Networks (US) • Sierra Wireless (Canada) • Perle (Canada) • Carritech Limited (UK) • TKH Group (Netherlands) • Telefonaktiebolaget LM Ericsson (Sweden) • Nokia Corporation (Finland) • Samsung Electronics Co., Ltd. (South Korea) • Fujitsu Limited (Japan) • NEC Corporation (Japan) • FiberHome Telecom Technologies Co. LTD (China) • ZTE Corporation (China) • Huawei Technologies Co. Ltd (China) • Indian Telephone Industries (India) • Tejas Networks (India) Frequently Asked Questions: 1] What segments are covered in the Global Telecom Equipment Market report? Ans. The segments covered in the Telecom Equipment Market report are based on Type and Applications. 2] Which region is expected to hold the highest share in the Global Telecom Equipment Market? Ans. The Asia pacific region is expected to hold the highest share in the Telecom Equipment Market. 3] What is the market size of the Global Telecom Equipment Market by 2029? Ans. The market size of the Telecom Equipment Market by 2029 is expected to reach US$ 919.03 Bn. 4] What is the forecast period for the Global Telecom Equipment Market? Ans. The forecast period for the Telecom Equipment Market is 2021-2029. 5] What was the market size of the Global Telecom Equipment Market in 2021? Ans. The market size of the Telecom Equipment Market in 2021 was valued at US$ 538.9 Bn.
1. Global Telecom Equipment Market: Research Methodology 2. Global Telecom Equipment Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Telecom Equipment Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Telecom Equipment Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Telecom Equipment Market Segmentation 4.1 Global Telecom Equipment Market, Type (2021-2029) • Network Communication Equipment • Mobile Communication Device • Optical Communication Equipment 4.2 Global Telecom Equipment Market, Applications (2021-2029) • Consumer Electronics • Banking • Media • Retail 5. North America Telecom Equipment Market (2021-2029) North America Telecom Equipment Market, Type (2021-2029) • Network Communication Equipment • Mobile Communication Device • Optical Communication Equipment 4.2 North America Telecom Equipment Market, Applications (2021-2029) • Consumer Electronics • Banking • Media • Retail 5.3 North America Telecom Equipment Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Telecom Equipment Market (2021-2029) 6.1. European Telecom Equipment Market, by Type (2021-2029) 6.2. European Telecom Equipment Market, Applications (2021-2029) 6.3. European Telecom Equipment Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Telecom Equipment Market (2021-2029) 7.1. Asia Pacific Telecom Equipment Market, by Type (2021-2029) 7.2. Asia Pacific Telecom Equipment Market, Applications (2021-2029) 7.3. Asia Pacific Telecom Equipment Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Telecom Equipment Market (2021-2029) 8.1 Middle East and Africa Telecom Equipment Market, by Type (2021-2029) 8.2. Middle East and Africa Telecom Equipment Market, Applications (2021-2029) 8.3. Middle East and Africa Telecom Equipment Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Telecom Equipment Market (2021-2029) 9.1. South America Telecom Equipment Market, by Type (2021-2029) 9.2. South America Telecom Equipment Market, Applications (2021-2029) 9.3 South America Telecom Equipment Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Barcodes, Inc (US) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Qualcomm Technologies, Inc (US) 10.3. Ribbon Communications Operating Company, Inc (US) 10.4. Juniper Networks, Inc (US) 10.5. Ciena Corporation (US) 10.6. Netgear, Inc. (US) 10.7. TESSCO Technologies (US) 10.8. Extreme Networks (US) 10.9. Arista Networks (US) 10.10. Sierra Wireless (Canada) 10.11. Perle (Canada) 10.12. Carritech Limited (UK) 10.13. TKH Group (Netherlands) 10.14. Telefonaktiebolaget LM Ericsson (Sweden) 10.15. Nokia Corporation (Finland) 10.16. Samsung Electronics Co., Ltd. (South Korea) 10.17. Fujitsu Limited (Japan) 10.18. NEC Corporation (Japan) 10.19. FiberHome Telecom Technologies Co. LTD (China) 10.20. ZTE Corporation (China) 10.21. Huawei Technologies Co. Ltd (China) 10.22. Indian Telephone Industries (India) 10.23. Tejas Networks (India)