The rising penetration of the internet and increasing demand for better connectivity are driving growth in the communication equipment sector. The infrastructure bill, recently passed in the U.S., includes provisions to improve broadband internet access, which will further support the communications equipment industry. In addition, the rising demand for 5G network services should drive demand for communications equipment. These factors have helped to drive the share prices of Cisco (CSCO), Motorola, Zebra Technologies (ZBRA), Juniper Networks(NYSE:) up significantly over the last year. They could even soar higher. So, let’s pore over these names.
Communications equipment is hardware used to transmit data. There are many communication technology options available, including satellites and radios as well as transmission lines, mobile phones, routers and routers. This field is often associated with telecommunications service providers.

The $1 trillion plus infrastructure bill was signed into law by President Biden in November. It allocates $65 million to rural broadband access. The pandemic has seen a rise in user dependency for education and work. Companies are making significant investments to get 5G technology in place as quickly as possible. Global 5G service market will grow by 30.3% between 2022 and 2026. This could lead to an increase in the demand for high-end communication equipment.

The global market for telecom equipment is projected to grow at an average 6%-8% annual rate, reaching $866.8billion by 2028. We believe that fundamentally solid communication equipment stocks Cisco Systems, Inc., Motorola Solutions, Inc., Zebra Technologies Corporation, (NYSE:), Zebra Technologies Corporation, (ZBRA), Juniper Networks, Inc., (JNPR), are strong bets.

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