Satellite Modem Market by Type (SCPC & MCPC), Data Rate (High-Speed, Mid-Range, Entry-Level), Application (Mobile & Backhaul, IP Trunking, Offshore Communication), Industry Vertical (Military & Defense, Transportation & Logistics, Telecom, Marine, Oil & Gas, Others): Global Market Size Estimates and Forecast (2022-2030)
The satellite modem market crossed US$ 415 million mark in 2022 and is expected to hit US$ 820 billion by 2030, recording a CAGR of 13% during the forecast period.
Increasing number of high-throughput satellites is driving the satellite modem growth
The growing popularity of the internet and digital communication is fuelling the satellite modem market growth. The satellite modem companies are focusing on providing better and more efficient solutions that would assist them in maintaining their competitive position in the market. Also, the rising popularity of high-speed data transfer is expected to drive this market growth.
The high-speed data rate segment is expected to pace up due to the growing demand for high-data rate and high-bandwidth applications like mobile & backhaul and offshore communication. Further, the other segments which are mid-range and entry-level are also expected to gain traction during the forecasted year.
Within the report, the satellite modem market is segmented into type, data rate, applications, and geography. By type, the satellite modem market is further segmented into SCPC and MCPC. On the basis of data rate, the satellite modem market is bifurcated into high-speed, mid-range, and entry-level. By applications, the satellite modem market is categorized into mobile & backhaul, IP trunking, and offshore communication. By industry vertical, the satellite modem market is further segmented into military & defense, transportation & logistics, telecom, marine, oil & gas, and others. Geographically, the satellite modem market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
The growing demand for satellite communication in the internet of things will propel the market's growth.
Satellite Modem is a device that transmits and receives signals to and from a satellite. It converts a radio signal to bit stream and vice versa. To transmit the data to the satellite, the modem modulates digital data into a carrier frequency for delivering it to an upconverter, amplifier, and antenna. And to receive signals from the satellite, the modem converts the frequencies from the downconverter into digital data. Satellite Modes help to provide connectivity in remote areas where cable connection is not possible. In addition, satellite modem has a huge application in military and defense, including awareness about challenging situations, intelligence gathering, and border patrolling.
The growing demand of satellite modem to provide high-speed satellite communications for missions is one of the major factors accelerating the market growth.
The sensor fusion technique is used in various industries like military & defense, transportation & logistics, telecom, marine, oil & gas, and others. Within these industries, the demand for satellite modem is growing in military and defense industry due to its use for a various of purposes, such as information gathering, situational awareness, and border patrol. Also, the demand of satellite modem in transportation & logistics industry is increasing due to the constant need to transfer real-time data, regarding vehicle location, traffic density, video and audio, temperature range of vehicles transporting perishables, and emergency notifications is boosting the satellite modem market growth. Other industries, such as telecom, marine, oil & gas, energy and utility, agriculture & forestry, and mining are also boosting the growth of the satellite modem market.
Recent strategic developments in the satellite modem market
The satellite modem market has undergone several significant developments, and a few of these have been mentioned below:
- In October 2020, Comtech EF Data Corp., announce that they have received US$ 1.5 million order for Single Channel Per Carrier (“SCPC”) satellite modems from a Tier 1 defense contractor to upgrade and expand their existing network.
- In September 2022, Apple announced the launch of iPhone 14. This new iPhone contains Qualcomm Inc chip to connect to satellites for sending emergency messages when WiFi or cellular data connection is not present.
The satellite modem market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships Gilat Satellite Networks Ltd, Newtec CY N.V, Orbcomm, Datum Systems Inc., ViaSat Inc., NovelSat, WORK Microwave GmbH, Comtech EF Data Corporation, Teledyne Paradise Datacom and Advantech Wireless are among the prominent players operating in the satellite modem market.
Target audience for the report:
- Satellite modem raw material and component provider
- Satellite modem providers
- Satellite modem related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- Satellite modem distributors and sales firms
- End users of Satellite modem
- Research institutes, organizations, and consulting companies
Scope of the report:
In this report, the satellite modem market has been segmented on the basis of:
- Type:
- SCPC
- MCPC
- Data Rate:
- High-Speed
- Mid-Range
- Entry-Level
- Applications:
- Mobile & Backhaul
- IP Trunking
- Offshore Communication
- Industry Vertical:
- Military & Defense
- Transportation & Logistics
- Telecom
- Marine
- Oil & Gas
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
- Companies profiled
- Gilat Satellite Networks Ltd
- Newtec CY N.V
- Orbcomm
- Datum Systems Inc.
- ViaSat Inc.
Companies profiled
- Gilat Satellite Networks Ltd
- Newtec CY N.V
- Orbcomm
- Datum Systems Inc.
- ViaSat Inc.