The global telescopic masts market is forecasted to expand at 4.8% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to surge from USD 394.8 million in 2023 to USD 630.9 million by 2033.
Increasing deployment of telescopic masts by law enforcement authorities is projected to propel market growth. These are used to provide signals for multiple types of telecommunications owing to their height. They can be altered to align with mobile, Wi-Fi, or RF devices.
The use of telescopic masts is expected to constantly increase due to advances in technology and the invention of new devices. Subsequently, invigorating the market growth. These devices are mainly employed with RF antennas to enhance radio coverage. Additionally, they cover the dead spots and can also be mounted with cameras to fill the blind spots.
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Other prominent uses of telescopic masts include situational awareness, mobile video surveillance, thermal imaging, cellular signal boosters, edge networks, etc.
Telescopic masts are increasingly being utilized in vehicles with video cameras. They are generally used for emergency services like security vehicles, traffic monitoring, police crowd control, enforcement vehicles, etc. Increasing emergency cases are anticipated to push the demand for telescopic masts.
Top Highlights from the FMI’s Analysis of the Telescopic Masts Industry:
- The United States market is projected to be a central figure in the future growth of the industry. The United States is projected to procure a large share of 19.4% of the global market, in 2023.
- In Germany, the telescopic masts market is projected to hold 2.6% of the overall market in the present year.
- Japan and Australia are estimated to gain a market share of 4% and 2.5% in 2023, respectively.
- The significantly growing countries of Asia Pacific telescopic masts industry are India and China, with India as the head runner. India and China are expected to assume a CAGR of 5.1% and 4.6% from 2023 to 2033, respectively.
- The United Kingdom is projected to register a CAGR of 4% over the next 10 years.
- By product type, push-up masts are anticipated to hold a crucial place in the market, by obtaining 28.7% market share.
- The military segment is projected to grab a market share of 39.9% over the estimated period.
Key Developments by Market Participants Encouraging the Telescopic Masts Market Growth
The key players in the market are focusing on introducing new telescopic mast technologies. Leading manufacturers are merging, acquiring, or collaborating with their contemporaries to boost their revenue. Additionally, they are striving for an enhanced geographic presence. Suppliers are also taking marketing initiatives for better brand recall among their consumers. These initiatives are also aimed at capturing new customers from the end-use industries.
- In March 2021, Defense Research and Development Organization (DRDO) started working on a mobile mast system. This system is projected to be integrated into an elevated radar antenna. This project is a part of the Extra Long Range Surface to Air Missile (XRSAM) Air Defense Weapon system.
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Manufacturers in the Telescopic Masts Industry
- The RATT
- Fireco US
- Hilomast LLC
- RVA Lighting and Masts
- Will-Burt
- Blue Sky Masts
- C&S Antennas
- Rohn Products LLC
- Mast Systems (Transdigim Inc)
- Comrod Communication Group Marine
- A2Z Security Cameras
- Channel Master
- Aluma Tower Company
- Floatgraph Mast & Trailer Solutions, LLC
- Easy Up Inc
- SERAPID Inc
- Larson Electronics
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.
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