What are the latest figures on the communications hardware market’s size and projected CAGR?
The communications hardware market size has grown strongly in recent years. It will grow from $726.59 billion in 2024 to $783.57 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%. 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 $1045.38 billion in 2029 at a compound annual growth rate (CAGR) of 7.5%. 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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Which Market drivers have played a significant role in driving the communications hardware market?
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.
What are the key segments within 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 key players are shaping 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.
What significant trends should we anticipate in the communications hardware market over the forecast period?
Major companies operating in the communications hardware market are focused on developing advanced solutions, such as cutting-edge communications hardware products, to enhance network performance, speed, and reliability. Cutting-edge communications hardware products refer to the latest and most advanced physical devices and equipment used to facilitate, transmit, and manage data and communication signals. For instance, in October 2023, HFCL Limited, an India-based telecommunications company, launched several cutting-edge communications hardware products, including India’s first indigenous 5G Fixed Wireless Access (FWA) Customer Premise Equipment (CPE), designed for enhanced broadband access. They also introduced a range of IP/MPLS routers tailored for 5G network backhauling and last-mile connectivity, alongside a 2 Gbps Unlicensed Band Radio (UBR) that provides high-speed, low-latency connectivity. Additionally, HFCL unveiled a 1728-fibre Intermittently Bonded Ribbon (IBR) cable optimized for efficient deployment in 5G networks and data centers.
How do regional factors impact the communications hardware market, and which region is the largest contributor?
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.
What Does The Communications Hardware Market Report 2025 Offer?
The communications hardware market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Communication hardware is any device capable of transmitting analog or digital signals over a communication cable, telephone, or wireless technology. These devices are installed in a computer’s internal memory or as a peripheral.
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