Bangladesh Telecom Towers Market Size

Bangladesh Telecom Towers Market Analysis

The Bangladesh Telecom Towers Market size in terms of installed base is expected to grow from 44.26 Thousand units in 2024 to 48.11 Thousand units by 2029, at a CAGR of 1.68% during the forecast period (2024-2029).

• The telecom towers market in Bangladesh is experiencing significant growth, driven by the rapid expansion of mobile connectivity, increasing data consumption, and the push toward 5G technology.
• Bangladesh is evolving rapidly as "Vision 2041" becomes a reality. Bangladesh's viewpoint plan aims to become an upper-middle-income country by 2031 and a high-income country by 2041. The goal is to be applied mainly through the digital and internet technologies. Digital inclusion is essential to this transformation, and an inexpensive and dependable connection is necessary for the government to achieve its "Vision 2041" goals.
• The mobile understanding in Bangladesh remains dominated by 3G and 4G networks. While 4G services were launched only in 2018, and adoption is expected to develop, operators have started 5G services trials (Robi, TeleTalk, and Grameenphone), which hold the potential of a step change in the mobile experience quality. Moreover, 5G and 4G subscribers are growing steadily. For instance, according to the GSMA, 4G subscribers are anticipated to grow from 46% in 2022 to 73% in 2030, and 5G subscribers are projected to reach 22% by 2030 in the country.
• The growing adoption of mobile internet services and the surging demand for digital content are straining network capacities. In response, telecom operators are modernizing their networks, notably by installing small cell sites and micro towers in crowded urban locales. These upgrades aim to improve coverage and alleviate network congestion. Such advancements are poised to further invigorate the telecom tower market as operators strive to enhance service quality and meet the escalating demand for high-speed internet.
• In addition, the entry of international tower companies into the Bangladeshi market has brought in capital and expertise, facilitating faster deployment of tower infrastructure. Companies such as Edotco Group and Summit Communications have been instrumental in driving the growth of the telecom tower market. These companies are not only building new towers but are also acquiring existing ones from telecom operators under tower-sharing agreements, which helps operators reduce their capital expenditure and focus more on enhancing service delivery.