Overall telecom equipment market grows 10% YoY in 1H21; Huawei, Nokia lose some ground: Dell’Oro Group

NEW DELHI: The overall telecom equipment market grew 10% year-over-year during 1H21 and rose 5% year-over-year in 2Q21, said a new report by Dell’Oro Group. This is the fifth consecutive quarter of growth for the overall telecom equipment market, it said.

“The growth in the first half was primarily driven by strong demand for both wireless and wireline equipment, lighter comparisons, and the weaker US Dollar (USD),” said Dell’Oro’s Stefan Pongratz.

On the back of it, the cumulative share of the top seven vendors remained relatively stable between 2020 and 1H21, comprising around 81% of the market share even though Huawei and Nokia lost some share during the period.