Through 2032, the market for satellite modems is expected to grow at a CAGR of 15.4%. The market revenue is anticipated to be around US$ 450 million in 2022 and to climb to US$ 1,890 million by 2032.
Customers who live in areas without easy access to telecommunications firms and who want broadband connection frequently utilise satellite modems. Because of this, these users 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 dependable communication that is essential regardless of the weather.
| Report Attribute | Details |
| Satellite Modem Market Value (2022) | US$ 450 Mn |
| Satellite Modem Market Anticipated Value (2032) | US$ 1,890 Mn |
| Satellite Modem Projected Growth Rate (2032) | 15.4% |
Satellite Modem Market: Drivers and Restraints
The rising demand for enriched high speed data communication is one of the major factor driving the satellite Modem market. These Modem has widespread usage, especially among mobile and telecom operators. Moreover, the rising demand for satellite communication in telecommunication industry for high speed secured connection is also turning to be the major factor driving the satellite Modem market in positive manner.
The enterprises are facing difficulties to meet the rising demand for high bandwidth application which is turning to be the major challenge faced by most of the vendors in satellite modem market.
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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.
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