Communications Hardware Market Outlook 2024-2033: Trends and Projections
Communications Hardware Market Expansion 2024-2033: Growth Drivers and Dynamics
Global Communications Hardware Market Analysis 2024: Size Forecast and Growth Prospects
Communications Hardware Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies
Global Communications Hardware Market Overview 2024: Size, Growth Rate, and Segments
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The communications hardware global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Communications Hardware Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The communications hardware market size has grown strongly in recent years. It will grow from $713.21 billion in 2023 to $763.64 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to technological advancements, increasing connectivity, data traffic growth, e-commerce and digital transformation.
The communications hardware market size is expected to see strong growth in the next few years. It will grow to $1055.08 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to security concerns, remote work and hybrid work models, government initiatives and regulations, environmental and sustainability concerns. Major trends in the forecast period include .
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Scope Of Communications Hardware Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Communications Hardware Market Overview
Market Drivers –
The communications hardware market is expected to be aided by rapid growth in investments in smart city projects in many countries globally. Smart city technologies use information and communication technologies to efficiently manage and operate urban services including transportation systems, water supply and law and order. These technologies are enabled through IoT technology. IoT is a convergence of computing devices, mechanical and digital objects. This system facilitates the transfer of data over a network without human interaction and minimal human to computer interaction. Smart cities are integrated with communication equipment, thereby benefitting the companies operating in this market. APG Algemene Pensioen Groep N.V. announced investment of €250 million in “Smart City Infrastructure Fund”, for development of smart city projects across North America, Europe, Australia and other major urban areas in the world. The concept of smart cities is becoming more popular in developing nations too. For instance, more than 1,000 smart city pilot projects are either ready for or are under construction globally and around 500 of these projects are in China.
Market Trends –
Rapid increase in energy consumption has been a major threat to environmental protection and sustainable development, thus driving the development of green technologies. For instance, communications hardware accounts for about 2%-4% of the total global carbon emissions. Due to access to the high-speed internet provided by next-generation wireless networks and increased smartphone usage, data traffic has increased significantly. This has triggered a significant expansion of network infrastructures and increased the energy demands. Environment friendly batteries, renewable energy sources, and intelligent management of the power systems are being developed to reduce carbon emissions.
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 Covered: Alarm Systems And Equipment, Fire Detection Equipment, Smoke Detectors, Intercoms Systems And Equipment, Traffic Signals, Other General Communication Equipment, Pagers, Transmitting Antennas, GPS Equipment, Cellular Telephone, Other Broadcast Communications Equipment, Switching Equipment, Bridges, Gateways And Routers, Other Telecom Infrastructure Equipment
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Regional Insights –
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.
Key Companies –
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.
Table of Contents
1. Executive Summary
2. Communications Hardware Market Report Structure
3. Communications Hardware Market Trends And Strategies
4. Communications Hardware Market – Macro Economic Scenario
5. Communications Hardware Market Size And Growth
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27. Communications Hardware Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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