Telecommunications Equipment Market, By Type (Wireless Telecommunications Equipment and Wired Telecommunications Equipment), By Application (Consumer Electronics, Retail, Media, Banking, and Government & Defense), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Telecommunications Equipment Market accounted for US$ 654.3 billion in 2024 and is estimated to be US$ 1309.1 billion by 2034 and is anticipated to register a CAGR of 7.2%.

Telecommunications Equipment Market is hardware mostly used for telecommunications such as transmission lines, multiplexers and base transceiver stations. It covers diverse types of communication technologies excluding telephones, radios and even computers. Since the line between telecommunications equipment and IT equipment has started to shape the growth of the internet which led to increasing importance of telecommunications infrastructure for data transfer. This equipment is similar to networking equipment. Telecommunication equipment firstly mentioned to the equipment used in a telephone network, but this day it includes more modern IT equipment such as mobile devices and base stations, PBX equipment for contact centers and IP telephony, also some new equipment connects systems and technology.

Now a day’s telecommunications industry has become a key factor of productivity across economies of world and a significant contributor towards the economic activities of countries. It also relay’s the growth of other industries; such factor provides strong demand to the target market growth. Additionally, the growth in industries such as consumer electronics, automotive include mobile sensors in almost all products, and growth in e-governance services throughout sectors such as healthcare, education and banking consumers using mobile technologies and internet boosts demand for telecommunication equipment. For instance, in January 2018, the word wide Internet penetration rich up to the 50% globally, and the percentage of people with a mobile phone has reach 5billion people in the world owning a device. Moreover, the factor such as increasing deployment of 4G the telecom equipment market has also been witnessing the increasing popularity lowering the cost of telecommunication product and become the need of every one globally this result upsurges the target market growth.

The telecommunication components market is segmented into by type, application, and region.

By type, the target market is segmented in to wireless telecommunications equipment and wired telecommunications equipment. The wireless segment dominates the market, due to the wide range of product and various applications with the benefits are major factor driving the growth of this segment. The product such as mobiles, GPS, Wi-Fi, satellite television and wireless computer parts and many other, such products have strong demand in current market which led to drives segment growth. By application, the target market is classified into consumer electronics, retail, media, banking, and government & defense. The consumer electronics segment expected to dominate the  market segment, due to growing trend of transmit data in words, voice, audio, or video across the globe which lead to demand for communication device such as TV, mobile, tab and many others.

By region, the telecommunication components market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is dominating the target market owing to emerging economy such as India and China. Investing huge funds in telecommunication sector is key factors driving the market growth in region. For instance, according to IBEF organization, India is 2nd largest telecommunication market, with 3rd highest number of internet users in the world. In addition, Indian telecom sector’s revenue rose at a CAGR of 7.31 % currently from US$ 19.6 billion in 2006 to US$ 42.6 billion in 2017.  The North America is accounted for second largest market, owing to high presence of IT sector and increasing trend BYOD trend in industries and many other factors which provide growth for the market in the region.

Detailed Segmentation:

 Telecommunications Equipment Market, By Type:

• Wireless Telecommunications Equipment
• Wired Telecommunications Equipment

 Telecommunications Equipment Market, By Application:

• Consumer Electronics
• Retail, Media
• Banking
• Government & Defense

Telecommunications Equipment Market, By Region:

• North America
  • North America Telecommunications Equipment Market, By Type
  • North America Telecommunications Equipment Market, By Application
  • North America Telecommunications Equipment Market, By Country
    • U.S.
    • Canada
• Europe
  • Europe Telecommunications Equipment Market, By Type
  • Europe Telecommunications Equipment Market, By Application
  • Europe Telecommunications Equipment Market, By Country
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
• Asia Pacific
  • Asia Pacific Telecommunications Equipment Market, By Type
  • Asia Pacific Telecommunications Equipment Market, By Application
  • Asia Pacific Telecommunications Equipment Market, By Country
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific                                                                                                                                                                           
• Latin America
  • Latin America Telecommunications Equipment Market, By Type
  • Latin America Telecommunications Equipment Market, By Application
  • Latin America Telecommunications Equipment Market, By Country
    • Brazil
    • Mexico
    • Rest of Latin America
• Middle East & Africa
  • Middle East & Africa Telecommunications Equipment Market, By Type
  • Middle East & Africa Telecommunications Equipment Market, By Application
  • Middle East & Africa Telecommunications Equipment Market, By Country
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Company Profile:

• Huawei Technologies *
  • Company Overview
  • Chipset Portfolio
  • Key Highlights
  • Financial Performance
• Alcatel Lucent
• Ciena
• Cisco Systems
• Fujitsu
• Juniper Networks
• ZTE
• Ericsson
• Qualcomm
• Motorola Solutions
• Teledyne Technologies

“*” marked represents similar segmentation in other categories in the respective section

The key players operating the  telecommunications equipment market involves Huawei Technologies, Alcatel Lucent, Ciena, Cisco Systems, Fujitsu, Juniper Networks, ZTE, Ericsson, Qualcomm, Motorola Solutions, and Teledyne Technologies. The market has largely captured by the few manufacturer Huawei, Nokia and Ericsson, combined these five companies share which is around 75 percent of the worldwide service provider equipment market revenue. Huawei dominates the market share by around 30% in terms of telecom equipment vendors.