The U.S. telecom towers market reached US$ 3471.65 Million in 2020 and is projected to reach US$ 6940.54 Million by 2028, growing with a CAGR of YY % from 2022 to 2029.
The U.S. market has turned out to be one of the most competitive landscapes for major vendors offering their services globally. Many companies are investing major chunks in establishing their business in the U.S. market, with growing demand for 5G telecom.
The United States has always set the bar for the rapid adoption of new mobile technologies. In 2012, it was one of the first few countries to attain 50% smartphone adoption, and three years later, in 2015, 50% 4G adoption. Nearly 70% of mobile connections in the United States are now on LTE networks.
Furthermore, According to GSMA Intelligence, 5G adoption in the United States will expand at the same rate as 4G adoption. In early 2023, four years after introduction, the country will have 100 million 5G connections. With over 190 million mobile connections, 5G will be the leading mobile network technology in the United States by 2025, accounting for over half of all mobile connections.
Smart city technology is gaining popularity in the United States, owing to public and private investment and an expanding number of enterprises involved throughout the value chain. Smart cities include everything from fundamental hardware (e.g., Phillips and GE) to connectivity and software solutions (e.g., AT&T, Sprint, T-Mobile, Verizon, Intel, Microsoft, and Cisco). All four mobile operators in the US are engaged in smart city projects through partnerships with governments and city planning.
MNOs and regulators across the United States and worldwide are focused on 5G and its direct implications for smart city development. Stakeholders in the smart city business understand that implementing digital innovation requires more infrastructure and flexible partners than ever before, creating a huge volume of opportunities for players offering telecom tower service in the United States.
Crown Castle International Corp (CCI) is the leading tower company in the United States, with American Tower Corp. a close second (AMT) from AT&T Towers to TowerCo. The next tier of tower businesses all have thousands of towers.
American Tower Corp holds around 42,000+ wireless towers across U.S. Crown Castle owns over 40,000 towers, approximately 70,000 small cells on-air or under contract, and over 80,000 route miles of fiber across the United States and into mostly metropolitan areas. SBA now manages over 15,000 tower sites in the United States and over 2,500 more tower sites globally, most in Latin America.
Thus improving telecom tower numbers in different parts of the U.S. is creating a wide application range for the growing population leading to uplift the market share for the key players and hence the growth of telecom towers in the country.
For instance, on 5th November 2020, American Tower Corporation announced its definitive agreement to acquire InSite Wireless Group, LLC (“InSite”), which owns, operates and manages approximately 3,000 communications sites, primarily in the U.S. and Canada. Furthermore, the portfolio includes more than 1,400 owned towers in the U.S. and approximately 70 distributed antenna system (“DAS”) networks in the U.S.
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