Through 2032, there is expected to be an increase in demand for satellite modems of 15.4% CAGR. The market revenue is anticipated to be worth US$ 450 million in 2022 and to grow to US$ 1,890 million by 2032.
Customers who live in areas without easy access to telecommunications companies and who want broadband access frequently use satellite modems. Because of this, these consumers have chosen satellite dishes for two-way data transmission. Additionally, the satellite modem finds extensive use in the military and defence sector for uninterrupted, secure, and reliable communication that is essential regardless of the weather.
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Satellite Modem Market: Drivers and Restraints
One of the key factors propelling the satellite modem market is the rising demand for enhanced high speed data communication. These modems are commonly used, particularly by mobile and telecom operators. Additionally, the satellite modem market is being positively impacted by the growing demand for satellite communication in the telecommunications sector for high speed secure connections.
The growing demand for high bandwidth applications is posing challenges for businesses, which is turning out to be the main issue for the majority of vendors in the satellite modem market.
Global Satellite Modem Market: Competitive Landscape
Key Players
The major player operating in Satellite Modem market includes ORBCOMM INC, ViaSat Inc., Gilat Satellite Networks Ltd., Newtec Cy N.V., Datum Systems Inc., Teledyne Paradise Datacom NovelSat, Comtech EF Data Corporation., Advantech Wireless, and WORK Microwave GmbH.
Global Satellite Modem Market: Regional Outlook
On the basis of geography, Satellite Modem market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa.
Among various regions, the Satellite Modem market in North America is expected to dominate during the forecast period owing to the growing demand for satellite communication to make critical decisions that are based on video and voice communications in military applications. North America region is expected to be followed by Western Europe, Japan and APAC.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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Global Satellite Modem Market: Market Segmentation
Global Satellite Modem Market can be divided into three segments, on the basis of data rate, application, end-user and region.
Segmentation on the basis of the data rate for Satellite Modem Market as:-
- High-speed data rate modem
- Mid-range data rate modem
- Entry level data rate modem
Segmentation on the basis of the application for Satellite Modem Market as:-
- Mobile & Backhaul
- Offshore Communications
- Tracking and Monitoring
- IP Trunking
Segmentation on the basis of the end-user for Satellite Modem Market as:-
- Telecommunication
- Marine
- Military and Defence
- Transportation & Logistics
- Energy & Utilities
- Mining
- Oil & Gas
- Others.
