Tower of strength: Demand for work on several major projects has boosted industry revenue
The big three telcos - Telstra, SingTel Optus and TPG Telecom - have accelerated the demand for wireless tower construction. The rollout of 5G network coverage has created ongoing momentum for wireless tower construction firms, as the shorter-ranged 5G tower frequencies have fed into the need for more construction. More towers have been required to ensure adequate network coverage as households and businesses increasingly demand higher-quality connections. Although the COVID-19 pandemic pummelled the construction sector, particularly during lockdown periods, ongoing telecommunication projects have stabilised this industry's revenue generation. Given that telecommunications are considered an essential service and the industry can provide most services while social distancing, the industry avoided the disastrous work freezes seen among other construction sites.
This industry constructs wireless communication towers, including new projects and alterations to existing infrastructure.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ericsson Australia Pty Ltd
Methodology
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