UPDATED. 2024-07-12 07:53 (금)
Telecom equipment market shows 2nd straight year growth
Telecom equipment market shows 2nd straight year growth
  • Jong Jun Lee
  • 승인 2020.03.08 13:51
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Rise of Huawei, ZTE

The global telecommunication equipment market grew 2% in 2019 to show a second straight year increase since 2018, according to market research firm Dell’Oro on Mar. 6.

This compares with the period between 2014 and 2017 when the market showed 3 straight years of decline. Another notable feature was the rise of Chinese companies such as Huawei Technologies and ZTE.

Huawei was at first place with a 28% market share, followed by Nokia with 16% that reflects a 1 percentage point decline on-year. In third place was Swedish firm Ericsson that had a 14% market share. ZTE’s market share grew 2 percentage points from 2018 to 10% to rank at 4th place. Cisco was at 5th place with a 7% market share, which was down 1 percentage point from 2018.

Transmission and RAN equipment were the best-sellers, such as broadband access, microwave & transport, and mobile core & radio access networks that combined account for 55% of the entire equipment sold in 2019, said Dell O’ro.

The Elec is South Korea’s No.1 tech news platform.

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