Telecom Equipment Market to Grow at a CAGR of 6.9 % in the Forecast Period of 2024-2030

The Telecom Equipment Market size was valued at US$ 615.83 Bn. in 2023 and the total revenue is expected to grow at 6.9% of CAGR through 2024 to 2030, reaching nearly US$ 982.43 Bn.

Telecom Equipment Market Overview:

The telecom equipment market is experiencing robust growth due to the escalating demand for advanced communication devices and supportive regulatory policies promoting fixed-line devices. The imminent rollout of 5G wireless standards necessitates significant enhancements in fiber optic infrastructures, further propelling market expansion.

Download a Free Sample Report Today : https://www.maximizemarketresearch.com/request-sample/97113/

Telecom Equipment Market Dynamics

A key driver of this market is the increasing smartphone penetration, notably in the United States, where mobile device usage has surged by approximately 4.7%. This trend has led to a decline in traditional fixed-line equipment demand. Additionally, the proliferation of wireless communication tools and the Internet of Things (IoT) ecosystem are boosting the need for advanced telecom equipment.

Telecom operators are investing heavily in high-speed network infrastructures to meet the growing demand for faster and more efficient communication.

Telecom Equipment Market Outlook and Future Trends :

The future of the telecom equipment market is promising, with significant growth anticipated in regions like Asia-Pacific, driven by substantial investments in IT and telecom infrastructures. The adoption of advanced technologies such as 5G, IoT, and AI is expected to further fuel market expansion.

Manufacturers are focusing on enhancing their product lines to maintain a competitive edge, with key players including Apple Inc., Samsung Electronics Co. Ltd., and Nokia Corporation.

Key Recent Developments

In February 2025, the European Commission unconditionally approved Nokia's $2.3 billion acquisition of U.S.-based optical semiconductors and networking equipment maker Infinera.

This strategic move positions Nokia as the second-largest vendor in the optical networking market, with a 20% share, enabling it to expand equipment sales to major tech companies investing in new data centers driven by the artificial intelligence boom.

Telecom Equipment Market Segmentation

by Infrastucture

Wired
Wireless

by Type

Network Communication Equipment
Mobile Communication Device
Optical Communication Equipment

by Application

Consumer Electronics
Banking
Media
Retail

by Technology

2G and 3G
4G LTE
5G

To Gain More Insights into the Market Analysis, Browse Summary of the Research Report : https://www.maximizemarketresearch.com/request-sample/97113/

Some of the current players in the Telecom Equipment Market are:

1. Barcodes, Inc (US)
2. Qualcomm Technologies, Inc (US)
3. Ribbon Communications Operating Company, Inc (US)
4. Juniper Networks, Inc (US)
5. Ciena Corporation (US)
6. Netgear, Inc. (US)
7. TESSCO Technologies (US)
8. Extreme Networks (US)
9. Arista Networks (US)
10.Sierra Wireless (Canada)
11.Perle (Canada)
12.Carritech Limited (UK)
13.TKH Group (Netherlands)
14.Telefonaktiebolaget LM Ericsson (Sweden)
15.Nokia Corporation (Finland)
16.Samsung Electronics Co., Ltd. (South Korea)
17.Fujitsu Limited (Japan)
18.NEC Corporation (Japan)
19.FiberHome Telecom Technologies Co. LTD (China)
20.ZTE Corporation (China)
21.Huawei Technologies Co. Ltd (China)
22.Indian Telephone Industries (India)
23.Tejas Networks (India)

For additional reports on related topics, visit our website:

Electric Rice Cooker Market: https://www.maximizemarketresearch.com/market-report/electric-rice-cooker-market/218501/

Electric AC Motors Market: https://www.maximizemarketresearch.com/market-report/global-electric-ac-motors-market/97113/

Contact Maximize Market Research:

MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com

About Maximize Market Research:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of Fortune 500 companies. We have a diversified portfolio and serve a variety of industries, such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare, and others.

This release was published on openPR.