Telecom Tower Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

the Telecom Towers Market Report is Segmented by Fuel Type (Renewable and Non-Renewable), by Type of Tower (Lattice Tower, Guyed Tower, Monopole Tower, and Stealth Tower), by Installation (Rooftop and Ground-Based), Ownership (Operator-Owned, Joint Venture, Private-Owned, MNO Captive), and by Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). the Market Sizes and Forecasts are Provided in Terms of Value (in USD) for all the Above Segments.

Telecom Towers Market Size

Telecom Towers Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 28.48 Billion
Market Size (2029) USD 32.75 Billion
CAGR (2024 - 2029) 2.84 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Telecom Towers Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and its growth?

Telecom Towers Market Analysis

The Telecom Towers Market size is estimated at USD 28.48 billion in 2024, and is expected to reach USD 32.75 billion by 2029, growing at a CAGR of 2.84% during the forecast period (2024-2029).

Tower-sharing is one of the significant growth drivers for the telecom industry, as it presents benefits, such as cost reduction and faster data rollout. The telecom tower industry has obtained high prominence as an independent, mainly in India and the United States.

  • Implementing 5G technology has been a major driving factor for the telecom tower market. 5G networks require denser infrastructure, including more cell towers and small cells, to deliver enhanced coverage and higher data speeds. According to the GSMA Association, a non-profit organization representing the interests of mobile network operators worldwide, there were already 252 commercial 5G networks in 86 countries worldwide at the end of the previous year, serving more than 1 billion 5G connections. Further, more than 5 billion 5G connections are expected globally by the forecast period, producing over USD 1 trillion in Gross Domestic Product (GDP) growth. At the same time, 5G is expected to reach maturity in North America, Europe, China, and the GCC countries by the forecast period. It will continue to grow in many low-and middle-income countries (LMICs).
  • With the decline in geographical opportunities, the expansion of diversification opportunities has been significantly propelled by the emergence of advanced communication infrastructure. 5G technology demands appropriate terrain; therefore, many towers are expected to focus on their primary building business soon. However, firms and organizations may be able to explore additional routes by acquiring or leasing vertical real estate, as these towers may continue to see a significant number of 5G antennas installed on them.
  • In the previous year, Bharti Airtel, one of India's major telecom operators, planned to develop its 5G network technology stack in partnership with Qualcomm. The telco plans to utilize Qualcomm 5G Radio Access Network Technologies to roll out its commercial 5G network, enabling the establishment of virtual and open 5G networks across India.
  • Moreover, the increasing investment in Long Term Evolution (LTE) - Advanced technology. This surge in demand for LTE-A network connectivity results from several factors, including wider availability of affordable smartphones, a growing need for high-speed internet access, expanding investments in smart city initiatives, and a rising demand for IoT devices. Consequently, network operators are proactively investing in the deployment of LTE-A infrastructure, leading to more LTE and LTE-A base stations. These stations are connected to telecom towers, enabling them to offer essential radio access network services to end-users. As a result of the escalating demand for LTE-A, the telecom tower market is experiencing substantial growth.
  • According to Cisco, the number of devices connected to the Internet Protocol (IP) network in the forecast period is expected to be 29.3 billion networked devices. The share of Machine-To-Machine (M2M) connections may grow from 33% in recent years to 50% by the following year, with 14.7 billion M2M connections by the current year.
  • The environmental impacts of telecom towers have consistently been a major concern. Radiation from mobile towers has been an important issue, recognized as an unseen and subtle pollutant affecting life forms in multiple ways.
  • With the outbreak of the COVID-19 pandemic, the telecom industry witnessed a significant increase in demand for internet services due to remote working conditions and a significant chunk of the population staying at home. The increase in people working from home has increased the demand for communication through video conferencing, online video viewing, downloading, and increased network traffic and data usage.

Telecom Towers Market Trends

Operator-owned Tower is Expected to Register a Significant Growth

  • In the operator-owned telecom tower segment of the market studied, multiple mobile network operators (MNOs) are responsible for towers' construction, functioning, and maintenance. These services are being increasingly outsourced to third-party companies in emerging economies.
  • Between TowerCos nearing saturation of addressable markets and investible portfolios globally, combined with the growing tendency of MNOs to carve out and keep operator-led TowerCo, TowerCos are compelled to look beyond their core business of building, purchasing, and leasing vertical real estate to consider new assets and new services. Indeed, as per numerous TowerCo leaders, more than 50% of organic growth now originates from solutions beyond traditional macro towers and rooftops, encompassing lamp posts and building solutions.
  • Operators own over two million telecom towers, while third parties have constructed the rest. Furthermore, the emergence of operator-owned companies like Bharti Infratel (India), which offer telecom towers to other mobile network operators as their clients, has expanded the opportunities within the operator-owned telecom tower segment.
  • Tower ownership patterns vary from region to region. The operators in the Asia Pacific region prefer to value their towers as a key differentiator. In contrast, the United States tower market has witnessed a transformation in which most towers moved from mobile network operators (MNOs) to independent enterprises.
  • Mobile operators in countries like India frequently use joint partnerships or captive tower companies to own their towers. Regarding shared ownership among several operators, the operator-owned tower business model proved more effective than the mobile provider owning their tower subsidiary.
Telecom Towers Market: Top 10 Cellular Towers Companies Worldwide, by Tower Count, Global, as of January 2023, (in Thousands)

North America is Expected to Hold Major Share

  • The United States landscape is highly competitive, with numerous significant vendors vying for dominance. This intense competition is driven by the country's substantial demand for 5G telecommunications services, leading many companies to focus on expanding their operations to capitalize on this opportunity. The United States government has multiple major vendors engaging in partnerships, acquisitions, mergers, rollouts, and coalitions.
  • SBA Communications, a prominent tower provider in the United States, possesses approximately 10,000 towers and specializes in wireless communications. Additionally, the company has recently announced a significant long-term master lease agreement with DISH-this strategic partnership grants DISH access to SBA's extensive portfolio of wireless communications sites nationwide.
  • Moreover, the previous year, PG&E made a significant announcement concerning its agreement with SBA Communications Corporation to divest its license agreements with wireless providers. This strategic move allows SBA to retain its market presence and further grant access to the towers and structures to more wireless providers through sub-licensing.
  • Mobile wireless services are Canada's most significant and fastest-growing telecommunications industry in recent years. The upward trajectory is anticipated to persist as it witnesses the implementation of advanced technologies like the fifth-generation 5G network and the integration of innovative applications like the Internet of Things(IoT).
  • Bell Mobility, TCI, and RCCI (collectively, the national wireless carriers) exercise market power to offer retail mobile wireless services in all provinces of North America, such as Northwest Territories, Yukon, and Nunavut, except Saskatchewan, where SaskTel exercises individual market power.
  • Furthermore, the Province of Ontario and the Eastern Ontario Regional Network announced a partnership with the Government of Canada the previous year. Further, the initiatives aim to provide dependable wireless connectivity to 99% of residents and businesses in Eastern Ontario, effectively closing the cellular gap and significantly enhancing the region's safety, productivity, and overall quality of life. This effort reflects Roger's ongoing commitment to expanding its services and has resulted in improved connectivity for underserved communities, including remote and rural areas.
Global Telecom Towers Market - Growth Rate by Region

Telecom Towers Industry Overview

The telecom tower market's intensity of competition is moderately high and consists of several major players. Only some significant players currently dominate the market in terms of market share. These major players in the telecom tower market are expanding their customer base internationally through strategic collaborations and acquisitions of telecom tower startups. This has led to a moderately high market concentration, with a few dominant players benefiting from significant market share and profitability.

In October 2022, the American Tower Corporation's (American Tower) African operations (ATC Africa) and Airtel Africa PLC (Airtel Africa) together announced a multi-year, multi-product agreement in support of Airtel Africa's network rollout for leveraging ATC Africa's vast portfolio of communication sites across its footprint in Kenya, Niger, Nigeria, and Uganda for product development capabilities. The companies plan to significantly increase connectivity on the continent, provide digital inclusion to marginalized populations, and achieve their shared greenhouse gas (GHG) emission reduction goals through collaborative efforts.

In January 2022, The announcement of a new 12-year collaboration between T-Mobile US, Inc. and Crown Castle International Corp. would allow T-Mobile more access to Crown Castle's towers and small cell sites as the company expands its national 5G network. With the help of the deal, the Un-carrier may serve customers across the United States by further extending and broadening the coverage of the company's 5G network and generating financial synergies after its merger. Additionally, the deal assists Crown Castle in developing long-term income development from small cells and towers.

In January 2022, American Tower Corporation announced that it had officially acquired CoreSite Realty Corporation by merging one of its wholly-owned subsidiaries with CoreSite. In facilitating growth and raising the value of current tower real estate through upcoming computing opportunities, this acquisition is anticipated to use CoreSite's networked data center capabilities and cloud on-ramps.

Telecom Towers Market Leaders

  1. American Tower Corporation

  2. Helios Towers Africa

  3. Indus Towers Limited (Bharti Infratel)

  4. China Tower Corporation

  5. SBA Communications Corporation

*Disclaimer: Major Players sorted in no particular order

Telecom Towers Market Concentration
Need More Details on Market Players and Competitors?
Download PDF

Telecom Towers Market News

  • April 2023: The Government of India has launched 254 '4G mobile towers' in LAC villages in Arunachal Pradesh. Further, these 254 towers will provide 4G coverage in 336 villages, including several areas that have remained unconnected since Independence. Most of these towers are located in the villages bordering China to counter foreign telecom penetration. Furthermore, with the launch of this service, over 70 thousand people are expected to be benefitted.
  • April 2023: Saudi Telecom Company (STC)'s subsidiary, Tawal, has reached an agreement to acquire the tower infrastructure of United Group for Euro 1.22 billion (USD 1.34 billion). The acquisition will include the United Group's infrastructure unit in Bulgaria, Slovenia, and Croatia, providing around 4,800 towers. Furthermore, this strategic acquisition aligns with Tawal's aim of expanding its international presence in key markets with promising growth potential within the STC Group.

Telecom Towers Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitutes

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Assessment of the Impact of COVID-19 on the Market


    1. 5.1 Market Drivers

      1. 5.1.1 Connecting/Improving Connectivity to Rural Areas

      2. 5.1.2 Improving and Catering to Increasing Data Needs

    2. 5.2 Market Challenges

      1. 5.2.1 Environmental Concerns about Power Supply Systems to Towers

      2. 5.2.2 Tower-sharing between Telecom Companies


    1. 6.1 Discussed Key Trends In Telecom Industry - Infrastructure Sharing (Active And Passive)


    1. 7.1 By Fuel Type

      1. 7.1.1 Renewable

      2. 7.1.2 Non-renewable

    2. 7.2 By Type of Tower

      1. 7.2.1 Lattice Tower

      2. 7.2.2 Guyed Tower

      3. 7.2.3 Monopole Towers

      4. 7.2.4 Stealth Towers

    3. 7.3 By Installation

      1. 7.3.1 Rooftop

      2. 7.3.2 Ground-based

    4. 7.4 By Ownership

      1. 7.4.1 Operator-owned

      2. 7.4.2 Joint Venture

      3. 7.4.3 Private-owned

      4. 7.4.4 MNO Captive

    5. 7.5 By Geography

      1. 7.5.1 North America

        1. United States

        2. Canada

      2. 7.5.2 Europe

        1. United Kingdom

        2. Germany

        3. France

        4. Italy

        5. Spain

        6. Netherlands

        7. Sweden

        8. Switzerland

        9. Rest of Europe

      3. 7.5.3 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Indonesia

        6. Vietnam

        7. Malaysia

        8. Philippines

        9. Australia & New Zealand

        10. Rest of Asia-Pacific

      4. 7.5.4 Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Central America

        5. Columbia

        6. Rest of Latin America

      5. 7.5.5 Middle East and Africa

        1. Saudi Arabia

        2. Egypt

        3. Algeria

        4. Nigeria

        5. South Africa

        6. Tanzania

        7. Morocco

        8. Rest of Middle East and Africa


    1. 8.1 Company Profiles

      1. 8.1.1 American Tower Corporation

      2. 8.1.2 Helios Towers Africa

      3. 8.1.3 Indus Towers Limited (Bharti Infratel)

      4. 8.1.4 China Tower Corporation

      5. 8.1.5 SBA Communications Corporation

      6. 8.1.6 AT&T Inc.

      7. 8.1.7 Crown Castle International Corporation

      8. 8.1.8 T-Mobile USA Inc.

      9. 8.1.9 GTL Infrastructure Limited

      10. 8.1.10 IHS Towers (IHS Holding Limited)

      11. 8.1.11 Tawal Com SA

      12. 8.1.12 CellnexTelecom

      13. 8.1.13 Deutsche Funkturm

      14. 8.1.14 First Tower Company

      15. 8.1.15 Orange

      16. 8.1.16 Telenor ASA

      17. 8.1.17 Zong Pakistan

      18. 8.1.18 Telkom Indonesia

      19. 8.1.19 Telxius Telecom SA

      20. 8.1.20 Telesites SAB de CV

      21. 8.1.21 Grup TorreSur

    2. *List Not Exhaustive


**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Telecom Towers Industry Segmentation

A telecommunication tower can be of any structure, including monopoles, tripoles, lattice towers, guyed towers, self-support towers, poles, masts, or similar structures. These towers support one or more telecommunication antennas, allowing radio communications. They can be placed on the ground or a building's rooftop, including equipment storage and storing electronic components. These towers do not require regular staffing and require periodic maintenance. The growth of telecom towers is set to continue during the forecast period, owing to the deployment of 5G infrastructure.

The Telecom Towers Market is segmented by fuel type (renewable and non-renewable), type of tower (lattice tower, guyed tower, monopole tower, and stealth tower), installation (rooftop and ground-based), ownership (operator-owned, joint venture, private-owned, MNO captive), and geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Italy, Spain, Netherlands, Sweden, Switzerland, rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Vietnam, Malaysia, Philippines, Australia & New Zealand, rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, Central America, Columbia, rest of Latin America), and Middle East and Africa (Saudi Arabia, Egypt, Algeria, Nigeria, South Africa, Tanzania, Morocco, rest of Middle East and Africa)). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Fuel Type
By Type of Tower
Lattice Tower
Guyed Tower
Monopole Towers
Stealth Towers
By Installation
By Ownership
Joint Venture
MNO Captive
By Geography
North America
United States
United Kingdom
Rest of Europe
South Korea
Australia & New Zealand
Rest of Asia-Pacific
Latin America
Central America
Rest of Latin America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
Need A Different Region Or Segment?
Customize Now

Telecom Towers Market Research FAQs

The Global Telecom Towers Market size is expected to reach USD 28.48 billion in 2024 and grow at a CAGR of 2.84% to reach USD 32.75 billion by 2029.

In 2024, the Global Telecom Towers Market size is expected to reach USD 28.48 billion.

American Tower Corporation, Helios Towers Africa, Indus Towers Limited (Bharti Infratel), China Tower Corporation and SBA Communications Corporation are the major companies operating in the Global Telecom Towers Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Global Telecom Towers Market.

In 2023, the Global Telecom Towers Market size was estimated at USD 27.69 billion. The report covers the Global Telecom Towers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Telecom Towers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Telecom Towers Industry Report

Statistics for the 2024 Telecom Towers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Telecom Towers analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Telecom Tower Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)