A revolution in wireless telecommunications arose early on during the beginning of the 20th century with the advent of wireless radio, and it has been gaining momentum ever since. Technology as a creative invention seems to advance at a rapidly accelerating rate, and today telecom companies are the leaders which emerge from the herd and find themselves at the very leading edge of these rapidly developing technologies. After all, you cannot have globalism without global communications technology. So, how big is this industry, and what is the outlook for its future growth?
In the United States alone, the telecommunications equipment manufacturing industry is comprised of about 1,500 companies and generates combined annual revenues of 65 billion dollars. This industry is very concentrated at the top whereby the fifty largest entities earn more than 75% of all the revenue. Demand for telecom products is driven by technological innovation and by the world-wide expansion of communication networks made up of glass fiber and satellite links that convey digital and voice data across vast distances at lightning speed.
Many countries throughout the industrialized world have launched national economic stimulus plans in an effort to neutralize the effects of a global recession. Such mandates include massive government investments into such things as broadband and infrastructure development, and general structural subsidies involving still more technology investments. This increase in spending combined with the industry’s own investments into next-generation upgrades will be a major driver of continuing growth of, and a windfall for telecommunications service providers and equipment manufacturers the world over.