Communications Hardware Market Size
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What Is the Expected CAGR for the Communications Hardware Market Through 2025?
The market for communications hardware has seen significant expansion in the past years. The market will rise from $726.59 billion in 2024 to a projected $783.57 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.8%. Factors such as technological progression, augmented connectivity, growth in data traffic, e-commerce, and digital transformation have contributed to the growth experienced in the historic period.
What’s the Projected Size of the Global Communications Hardware Market by 2029?
In the upcoming years, the communications hardware market size is anticipated to experience substantial growth. The market is predicted to elevate to $1045.38 billion in 2029, with a compound annual growth rate (CAGR) of 7.5%. The growth during the forecast period can be linked to factors such as security issues, the emergence of remote and hybrid work arrangements, government policies and regulations, as well as environmental and sustainability considerations. Key trends during the forecast period are also highlighted.
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Top Growth Drivers in the Communications Hardware Industry: What’s Accelerating the Market?
The surge in investments into smart city initiatives around the world is set to drive growth in the communications hardware market. The efficient management of urban services such as transport systems, water supplies, and law and order are made possible by smart city technologies, using information and communication technologies enabled through IoT. IoT technology, a blend of computing devices, mechanical and digital objects, allows data transfer across a network with little to no human intervention. Companies that operate in the communication equipment market stand to gain from smart cities integration. An example of this investment is the €250 million injected by APG Algemene Pensioen Groep N.V. into the “Smart City Infrastructure Fund” for the development of smart city projects across North America, Europe, Australia, and other major global urban areas. The smart city concept is also gaining traction in developing countries, with more than 1,000 smart city pilot projects all set for, or currently under, construction worldwide, including about 500 projects in China.
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What Trends Will Shape the Communications Hardware Market Through 2029 and Beyond?
Prominent corporations in the communications hardware sector are concentrating on the creation of superior mechanisms like cutting-edge communications hardware products to boost network functionality, speed, and dependability. These top-of-the-line communications hardware products encompass the most recent and highly advanced physical appliances and machinery employed to enable, convey, and manage data and communication signals. For example, in October 2023, HFCL Limited, a telecommunications enterprise based in India, debuted a series of state-of-the-art communications hardware items, inclusive of India’s pioneer 5G Fixed Wireless Access (FWA) Customer Premise Equipment (CPE), engineered for improved broadband access. Furthermore, they disclosed a series of IP/MPLS routers custom-made for 5G network backhauling and end-point connectivity, accompanied by a 2 Gbps Unlicensed Band Radio (UBR) delivering high-speed, low-latency connections. HFCL also revealed a 1728-fibre Intermittently Bonded Ribbon (IBR) cable, fine-tuned for effective placement in 5G networks and data hubs.
What Are the Main Segments in the Communications Hardware Market?
The communications hardware market covered in this report is segmented –
1) By Type: General Communication Equipment, Broadcast Communications Equipment, Telecom Infrastructure Equipment
2) By Application: Military Use, Civil Use
3) By End-User: Telecom Operators, Internet Service Provider, Cable Operator, Personal User, Business And Government
Subsegments:
1) By General Communication Equipment: Networking Equipment (Routers, Switches), Modems, Wireless Communication Devices, Fiber Optic Equipment, Satellite Communication Equipment, Antennas And RF Components, Other General Communication Equipment
2) By Broadcast Communications Equipment: Transmitters And Receivers, Broadcast Antennas, Video And Audio Encoders Or Decoders, Studio Equipment, Satellite Broadcast Equipment, Other Broadcast Communications Equipment
3) By Telecom Infrastructure Equipment: Base Stations (Cell Towers), Fiber Optic Cables And Accessories, Telecom Routers And Switches, Telecom Towers And Poles, Signal Transmission Equipment, Small Cell And Distributed Antenna Systems (DAS), Other Telecom Infrastructure Equipment
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Which Top Companies are Driving Growth in the Communications Hardware Market?
Major companies operating in the communications hardware market include Apple Inc., Huawei Technologies Co. Ltd., Samsung Electronics Co. Ltd., AT&T Inc., Cisco Systems Inc., Xiaomi Corporation, Hon Hai Precision Industry Co. Ltd., Lenovo Group Limited, Foxconn Industrial Internet Co. Ltd., Motorola Solutions Inc., Nokia Corporation, Telefonaktiebolaget LM Ericsson, ZTE Corporation, Juniper Networks Inc., Arris International Limited, CommScope Holding Company Inc., Extreme Networks Inc., Vocera Communications Inc., Viavi Solutions Inc., Impinj Inc., Harmonic Inc., EchoStar Corporation, Digi International Inc., Plantronics Inc., Infinera Corporation, Adtran Inc., Clearfield Inc., NETGEAR Inc., Cambium Networks Corporation, Aviat Networks Inc., Ribbon Communications Inc., Calix Inc., Casa Systems Inc., Sony Group Corporation.
Which Regions Will Dominate the Communications Hardware Market Through 2029?
Asia-Pacific was the largest region in communications hardware market in 2023. Western Europe was the second largest region in communications hardware market. The regions covered in the communications hardware market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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