Chile Telecom Market Report and Forecast 2024-2032

Chile Telecom Market Outlook

The Chile telecom market size reached approximately USD 6.7 billion in 2023. The market is projected to grow at a CAGR of 3.30% between 2024 and 2032, reaching a value of around USD 8.84 billion by 2032.

Key Takeaways

• The Chilean imports of telecommunication equipment stood at 148,987.649 USD th in December 2022.

• As of December 2022, fixed internet accesses in Chile totalled 4.46mn, registering 4% increase compared to the last year.

• Chile has the most advanced telecom infrastructure in Latin America and is committed to further improving it. The government aims to increase its investment in infrastructure to meet the growing digital demands.

As per the Chile telecom market analysis, the market has been experiencing a steady growth, primarily driven by the rising adoption of smart devices like smartphones, a surging demand for high-speed internet connectivity, and the integration of advanced technologies such as IoT and cloud computing. The increasing shift of Chileans towards 5G networks is opening up vast opportunities for the expansion of the telecommunications market in Chile. With its seamless real-time communication, faster download speeds, reduced latency, and enhanced connectivity to a wider range of devices, 5G connectivity enables improved telecommunication services.

Chile had more than 2 million 5G lines by the end of 2022, just a year after its launch in the country. Reportedly, mobile penetration stood at 133%, with a total of 26.4 million subscribers in the same year.  Moreover, mobile internet traffic increased 29%. Internet access through smartphones experienced a slight increase of 0.6%.

The use of IoT devices is on the rise, as they connect a wide range of items including smart home appliances, wearable devices, industrial machinery, and city infrastructure. To accommodate the vast number of connected devices and facilitate innovative IoT applications in different sectors, telecom providers are incorporating IoT connectivity solutions into their networks. To minimise latency and enable real-time data processing and analysis, edge computing is being implemented. Telecom companies are deploying edge computing infrastructure at the periphery of their networks to cater to latency-sensitive applications like augmented reality, autonomous vehicles, and video streaming, consequently leading to the Chile telecom market growth.

Market Segmentation

Chile Telecom Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Service

• Fixed Voice Services

• Fixed Internet Access Services

• Mobile Voice Services

• Mobile Data Services

• Pay-TV Services

• Machine-to-Machine (Mobile IoT) Services

Market Breakup by Transmission

• Wireline

• Wireless

Competitive Landscape

The market participants are adopting cutting-edge technologies to improve the efficiency of telecom services in the country.

• AT&T Inc.

• Telefonaktiebolaget LM Ericsson

• Telefónica S.A.

• Empresa Nacional de Telecomunicaciones S.A 

• América Móvil, S.A.B. DE C.V.

• WOM SA 

• VTR Comunicaciones SpA 

• VIRGIN MOBILE CHILE SpA 

• Others

Key Highlights of the Report