Telecom equipment market seen topping $846 billion by 2030

The Business Research Company says the global telecom equipment market is on track to grow at a 4.6% CAGR and exceed $846 billion by 2030. Asia Pacific is projected to lead regions, while the U.S. is forecast to be the largest single country market, driven by 5G buildout, rising data traffic and IoT adoption.

Why it matters: - The telecom equipment market is projected to reach more than $846 billion by 2030. - The market is expected to account for about 22% of the broader telecom market and nearly 6% of the information technology industry by 2030. - Demand is being fueled by 5G rollout, data traffic growth and expanding connected-device use.

What happened: - The Business Research Company released a Telecom Equipment Market Report 2026 covering market size, trends and global forecast data through 2035. - The report estimates the telecom equipment market will grow at a 4.6% CAGR through 2030, with the source text also citing a 5% expected CAGR leading up to 2030. - The report says Asia Pacific will be the largest region in 2030, at $292 billion. - The report says the U.S. will be the largest country market in 2030, at $256 billion.

The details: - Asia Pacific is projected to grow from $224 billion in 2025 to $292 billion in 2030, a 5% CAGR. - The U.S. market is projected to rise from $213 billion in 2025 to $256 billion in 2030, a 4% CAGR. - Network communication equipment is projected to be the largest product segment in 2030, reaching $395 billion and representing 47% of the market. - The telecom equipment market is also segmented by component into hardware and software. - The market is segmented by technology into 2G, 3G, 4G LTE and 5G. - The market is segmented by infrastructure into wired and wireless. - End-user categories include BFSI, retail, IT and telecommunication, media and entertainment, healthcare, military and defense, consumer electronics and other users. - The report identifies network communication equipment, mobile communication devices and optical communication equipment as the biggest growth opportunities through 2030. - Those three segments are projected to add more than $171 billion in value by 2030. - The network communication equipment segment is projected to grow by $80 billion from 2025 to 2030. - The mobile communication device segment is projected to grow by $56 billion over the same period. - The optical communication equipment segment is projected to grow by $35 billion over the same period. - The report links market expansion to 5G base stations, wireless access networks, routers, switches, carrier Ethernet equipment, hyperscale data centers, cloud infrastructure, software-defined networking and network virtualization. - The report says the network communication equipment segment is supported by secure, high-capacity networking investments from telecom operators and enterprises. - The report says 5G expansion should add about 2.4% annual growth to the market. - Rising data traffic and smartphone penetration are projected to add about 2.3% annual growth. - Growth in IoT and connected devices is projected to add about 2.1% annual growth.

Between the lines: - The report points to a telecom market shifting from carrier infrastructure toward broader digital-network demand, including cloud, edge computing and enterprise networking. - Asia Pacific’s lead suggests 5G and digital infrastructure spending remains concentrated in large, fast-scaling economies. - The U.S. outlook reflects a mature market still expanding through private 5G, AI-driven network management and modernization of communication systems.

What's next: - The report expects telecom operators to keep investing in 5G, fiber and next-generation wireless systems through 2030. - Equipment makers are likely to keep prioritizing high-capacity and energy-efficient network products as data traffic rises. - The Business Research Company says its 2026 reports now include added strategic intelligence tools, including market attractiveness scoring, TAM analysis, company scoring matrices, Excel dashboards and market hotspot infographics. - A free sample of the report is available. - The full report is also available.