Wireless Tower Market Scope
Wireless tower can also be referred as communication tower, cell tower, cell site, radio tower or telegraph station. Wireless tower is basically tower without any cable connection which has transmitter and receiver unit at the top of the tower and signal processing is done with the help of the RF waves. Single tower may contain 4-5 transmitter and receiver antennas. Hence able to handle large number of devices at a time. Tower offers wide range of multi-channel frequencies to operate thousands of devices in the network zone. It also offers better data transfer rates and connectivity. It is heart of any communication system. Wireless tower market is growing rapidly due to increasing number of mobile user, growing connectivity around the world, arrival of 5G services and many more.
According to AMA, the Global Wireless Tower market is expected to see growth rate of 19.0% and may see market size of USD44.0 Billion by 2026.
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make technical upgradations in the product. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Wireless Tower market throughout the predicted period.
Karamtara (India), American Tower (United States), SBA Communications (United States), United States Cellular Co. (United States), Vertical Bridge (United States), Insite Towers (United States), Rohn Products LLC (United States), WADE Antenna (Canada) and Kemrock (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Alstom T&D India Limited (United States), Power Grid Corporation of India Limited (India) and BS Group (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Wireless Tower market by Type (Three Tube Wireless Tower, Angle-steel Wireless Tower and Guyed Wireless Tower), by Application (Military and Civil) and Region with country level break-up.
On the basis of geography, the market of Wireless Tower has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
International Agency for Research on Cancer (IARC), the National Toxicology Program (NTP), US Environmental Protection Agency (EPA) and World Health Organization (WHO) specifies that the RF radiation from these towers is far below the standard set hence it is not harmful for society.
Market Trend
- 5G cell tower can support dozens of antennas
- Tower sharing to reduce operational cost
Market Drivers
- Provision for covering large area
- Increasing connectivity to rural areas
- technological improvement as per data needs of existing population
Opportunities
- launching of new towers to support 5G services
- Increasing researches on internet of things
- Continuous technological advancement
Restraints
- Environmental and Health issues regarding the RF waves
- Conflicts may rise due to tower sharing between companies
- High installation cost
Key Target Audience
Manufacturer, Sub-component manufacturer, Distributors/traders/dealers, Channel partners, Industry Association, Governments and investment communities and Research organizations and associations