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Satellite Modem Market to Reach USD 1245 Million by 2031 Driven by growing Demand for High-Speed Data Connectivity

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The global Satellite Modem Market is expected to witness a substantial surge, reaching USD 1245 Million by 2031 and growing at a CAGR of 11.87% from 2024-2031, as per the SNS Insider report. This growth is attributed to the increasing need for reliable and high-speed data transmission in geographically isolated regions.

Growing Demand and Market Report Scope

The satellite modem market is growing due to several factors, growing demand for enriched high-speed data communication for applications such as vehicle tracking, asset monitoring, and fleet management is a key driver. The proliferation of high-throughput satellites (HTS) and the integration of satellite communication in Internet of Things (IoT) solutions are Driving market expansion. The Global Satellite Modem Market report by SNS Insider offers a comprehensive analysis of the market landscape. The report sheds light on the growing adoption of satellite networks in military and defence applications, a major factor driving the market. As defence agencies worldwide increasingly Depend on secure and reliable satellite communication for data transmission, the demand for advanced satellite modems that meet stringent security and performance standards is on the rise.

These modems facilitate encrypted communication, real-time situational awareness, and command & control functions, leading to the development of specialized, high-performance solutions for military requirements. The increasing demand for improved communication infrastructure and richer data transmission is driving the need for high-speed satellite modems. Manufacturers are actively developing modems that offer speeds 10-30 times faster than traditional dial-up solutions. Seamless and error-free data and video connections require satellite modems to connect to IP networks using MCPC technology. The growing trend of digitization in IoT solutions, integrates with the increasing demand for high-speed data communication facilitated by high-throughput satellites (HTS), are expected to be major contributors to market growth globally.

Download Free Sample Report of Satellite Modem Market @ https://www.snsinsider.com/sample-request/2047

Top Companies Featured in Satellite Modem Market Report:

– Gilat Satellite Networks
– Hughes Network Systems
– ORBCOMM
– Novelsat
– Comtech Telecommunications
– Datum System
– ST Engineering
– Teledyne Technologies
– Viasat
– Work Microwave

Recent Developments

– March 2021, Advantech introduced Flex I/O expansion kits designed to enhance system functionality.

– May 2021, Gilat signed a multi-million dollar strategic agreement with a large government corporation in Asia Pacific for enterprise connectivity, with potential for expansion into other applications.

– June 2021, Kymeta strengthened its government and military network offerings through a strategic partnership with Comtech.

Satellite Modem Industry Segmentation as Follows:

BY CHANNEL TYPE

  • MCPC Modem
  • SCPC Modem

BY TECHNOLOGY

  • Satcom Automatic Identification System (AIS)
  • VSAT
  • Satcom-on-the-Move
  • Satellite Telemetry
  • Satcom-on-the-Pause

BY DATA RATE

  • Entry Level
  • Mid Range
  • High Speed

The High-speed data rate satellite modems are expected to dominate the market throughout the forecast period. This dominance is driven by the growing demand for high-data rate and high-bandwidth applications in sectors such as mobile backhaul and offshore communication. Satellite service providers leverage these modems to deliver internet, cellular, and data network connectivity to remote locations.

BY END-USER INDUSTRY

  • Energy & Utilities
  • Mining
  • Marine
  • Transportation & Logistics
  • Telecommunications
  • Military & Defense
  • Oil & Gas
  • Others

The transportation and logistics segment is anticipated to witness the highest CAGR during the forecast period. Real-time data transfer, including vehicle location, traffic density, video and audio feeds, temperature monitoring for perishable goods transportation, and emergency notifications, is Important in this sector. High-speed data rate satellite modems enable communication channels between vehicles and monitoring centres to transmit and receive such critical data. These modems enhance the accuracy and speed of GPS (Global Positioning System) technology.

BY APPLICATION

  • Mobile & Backhaul
  • IP Trunking
  • Tracking & Monitoring
  • In-flight Connectivity
  • Offshore Communication
  • Enterprise & Broadband
  • Media & Broadcast
  • Others

Ask Your Query Before Buying this Research Report @ https://www.snsinsider.com/enquiry/2047

Impact of Global Disruptions

– The Russia-Ukraine war has had a multifaceted impact on the satellite modem market, export restrictions have impacted the availability of raw materials and components needed for modem production. The war has heightened geopolitical tensions, leading to increased defence spending globally, which could potentially Drive the demand for advanced satellite modems for military applications.

– The economic slowdown results to potentially hinder market growth in the short term. Reduced consumer and business spending can impact investments in new infrastructure projects that utilize satellite communication technologies. The long-term outlook for the satellite modem market remains positive, driven by the underlying trend of increasing demand for high-speed data connectivity in remote areas.

Satellite Modem Market
Satellite Modem Market Size and Growth Report

Regional Analysis

– North America Region Dominates the satellite modem market, holding a largest Revenue share of 33%. This growth is driven by the Important need for dependable satellite communication in military applications. Video and voice communication play a Important in these applications, often forming the backbone for time-sensitive decision-making. This necessitates robust and reliable satellite connectivity, driving the demand for advanced satellite modems in the region.

– The Asia-Pacific (APAC) region is anticipated to grow with the significant CAGR in the satellite modem market from 2024 to 2031. This growth is driven by the increasing demand for metals, particularly steel, in complex industrial applications. Leading economies such as China, Japan, South Korea, and India are expected to spearhead this market growth. China is already the undisputed leader in the APAC satellite modem market and is projected to maintain its dominance throughout the forecast period.

Key Takeaways

  • The report meticulously dissects the factors Driving market expansion, including the ever-increasing demand for high-speed data connectivity in remote areas, the proliferation of high-throughput satellites (HTS), and the integration of satellite communication into the Internet of Things (IoT) landscape.
  • The report sheds light on the regional dynamics, highlighting North America’s current dominance and APAC’s burgeoning potential.
  • It explores the multifaceted impact of global events like the Russia-Ukraine war and the economic slowdown on the satellite modem market.
  • This comprehensive report arms industry participants with a clear understanding of the market landscape, growth drivers, and emerging trends, enabling them to make informed strategic decisions and capitalize on the promising opportunities in the satellite modem market.

Table of Content – Major Key Points

1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Satellite Modem Market Segmentation, By Channel Type
9. Satellite Modem Market Segmentation, By Technology
10. Satellite Modem Market Segmentation, By Data Rate
11. Satellite Modem Market Segmentation, By Application
12. Satellite Modem Market Segmentation, By End User Industry
13. Regional Analysis
14. Company Profile
15. Competitive Landscape
16. USE Cases and Best Practices
17. Conclusion

Continued….

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info@snsinsider.com

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