Cellular Modem Market by Type, Technology (2G, 3G, 4G), Industry Vertical

List of Tables

[196 Pages Report] The Cellular Modem Market size was estimated at USD 10.88 billion in 2023 and expected to reach USD 12.33 billion in 2024, at a CAGR 14.10% to reach USD 27.41 billion by 2030.

A cellular modem is a type of modem that securely connects various devices to a cellular network, enabling data exchange. It is a hardware device that modulates one or more carrier wave signals for encoding digital information for transmission and then, demodulates signals to decode the transmitted information. They can support wide-ranging technology standards, including 3G, 4G, 5G, CDMA, GSM, and many more. Increased demand for smart devices and IoT connectivity has accelerated the need for secular cellular connections, raising the need for modems. However, technical hitches such as poor quality of voice and video communication during high-speed data transfers and security breach issues are dampening the modem adoption. With advancements in technology and robust R&D efforts, market players are expected to address these concerns. The rising adoption of 5G technology is consequently driving the volume of 5G-enabled cellular modems. The developing trends of machine learning, artificial intelligence, smart homes, and autonomous vehicles will further solidify the exponential growth of the cellular modem market in the near future.

KEY MARKET STATISTICS
Base Year [2023]	USD 10.88 billion
Estimated Year [2024]	USD 12.33 billion
Forecast Year [2030]	USD 27.41 billion
CAGR (%)	14.10%

Regional Insights

In the Americas, the cellular modem market has shown major growth due to increasing telecom infrastructure developments and thickened investment on cellular technological innovations. Major United States companies observe significant production, supplying a large proportion of cellular modems globally. Additionally, the North American 5G revolution has fueled a spike in the modem usage numbers, indicating a future-ready telecom industry. Asia, led by technologically advanced markets of China and South Korea, have notable growth rates in cellular modem usage and production. A surge in the number of smartphone users, particularly in developing regions such as India, Indonesia, and Vietnam, has led to a healthy growth forecast. Europe's cellular modem market shows a stabilized growth with robust infrastructure and stringent regulatory norms. As Europe embarks on its journey towards 5G, an upswing in the demand and usage of modernized cellular modems is anticipated.Middle East & Africa depicts a growing telecom industry with increasing cellular modem usage. However, there is still a fair amount of reliance on modems produced by companies outside the region. The rise in urbanization, and economic development in crucial markets such as UAE and South Africa, have spearheaded the demand in this region. The emergence of local telecommunication companies is a growth factor promising a higher production and usage statistics in the future.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Cellular Modem Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Rising utilization of smart devices and smartphones across the world
- Availability of cellular modems for IoT and machine-to-machine connectivity
- Government initiatives to expand cellular network and 5G connectivity

Market Restraints
- Limited coverage and technical constraints of using cellular modems

Market Opportunities
- Advancements to improve the performance of cellular modems
- Emergence of smart cities, smart buildings, and smart offices

Market Challenges
- Issues related to data security and the possibility of privacy breach

Market Segmentation Analysis
- Type: High adoption of embedded cellular modem owing to their seamless integration with devices
- Technology: Need for advanced modems to cater to the rising demand for 5G technology
- Application: Rising adoption of connected electronic devices elevating adoption of high-performing modems

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Cellular Modem Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Cellular Modem Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Sonim Embarks on New Horizon with the European Launch of Its First 'Connect' Wireless Internet Product

Sonim Technologies Inc. collaborated with Capestone to introduce their inaugural wireless internet product, the Sonim USB 4G LTE + Wi-Fi Modem W100, in Europe. This modem provides a secure and cost-effective internet solution for businesses, business users, and consumers. Additionally, it offers hotspot functionality, enhancing convenience for users. [Published On: 2023-10-11]

Apple Extends Modem Deal with Qualcomm Ahead of iPhone 15 Launch

Qualcomm and Apple have reached a three-year agreement for the supply of Snapdragon 5G modem chips to Apple in preparation for the launch of their iPhone 15. The collaboration between Qualcomm and Apple signifies the importance of leveraging Qualcomm's modem technology to deliver high-performance 5G capabilities to Apple's devices. This strategic move allows Apple to continue offering superior connectivity features to its customers, ensuring a seamless and enhanced user experience. [Published On: 2023-09-11]

MoMAGIC Technologies collaborates with Qualcomm to launch new 4G enabled IoT Solutions

MoMAGIC Technologies and Qualcomm have collaborated to introduce 4G enabled IoT solutions using the new Qualcomm 216 LTE IoT modem that offer users seamless connectivity for their Internet of Things devices. This collaboration will allow MoMagic to expand its IoT capabilities to smart utility, meters, trackers, e-mobility, and home automation. [Published On: 2023-02-10]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Cellular Modem Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Cellular Modem Market, highlighting leading vendors and their innovative profiles. These include Bausch Datacom NV SA, CalAmp Corp., Campbell Scientific Inc., Cisco Systems, Inc., Connect Tech Inc., Cox Communications, Inc., Digi International Inc., Huawei Technologies Co., Ltd., InHand Networks, Intel Corporation, Intercel Pty Ltd., Jinan USR IOT Technology Limited, Jio Infocomm Ltd., Lenovo Group Limited, Motorola Mobility LLC, Moxa Inc., Multi-Tech Systems, Inc., NETGEAR Inc., Pixsys Electronics, Qualcomm Incorporated, RACOM s.r.o., Raveon Technologies Corp., Red Lion Controls Inc., Robustel, Sercomm corporation, Shenzhen Cudy Technology Co., Ltd., Sierra Wireless, SmileMbb, and Wlink Technology Co., Limited.

Market Segmentation & Coverage

This research report categorizes the Cellular Modem Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Box Cellular Modem
- Embedded Cellular Modem

Technology
- 2G
- 3G
- 4G
- 5G
- LTE-M
- NB-IoT

Industry Vertical
- Consumer Electronics
- Energy & Utility
- Manufacturing
- Smart Cities
- Transportation

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-894699F5E9EB

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising utilization of smart devices and smartphones across the world
  - 5.1.1.2. Availability of cellular modems for IoT and machine-to-machine connectivity
  - 5.1.1.3. Government initiatives to expand cellular network and 5G connectivity
- 5.1.2. Restraints
  - 5.1.2.1. Limited coverage and technical constraints of using cellular modems
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements to improve the performance of cellular modems
  - 5.1.3.2. Emergence of smart cities, smart buildings, and smart offices
- 5.1.4. Challenges
  - 5.1.4.1. Issues related to data security and the possibility of privacy breach
5.2. Market Segmentation Analysis
- 5.2.1. Type: High adoption of embedded cellular modem owing to their seamless integration with devices
- 5.2.2. Technology: Need for advanced modems to cater to the rising demand for 5G technology
- 5.2.3. Application: Rising adoption of connected electronic devices elevating adoption of high-performing modems
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Cellular Modem Market, by Type

6.1. Introduction
6.2. Box Cellular Modem
6.3. Embedded Cellular Modem

7. Cellular Modem Market, by Technology

7.1. Introduction
7.2. 2G
7.3. 3G
7.4. 4G
7.5. 5G
7.6. LTE-M
7.7. NB-IoT

8. Cellular Modem Market, by Industry Vertical

8.1. Introduction
8.2. Consumer Electronics
8.3. Energy & Utility
8.4. Manufacturing
8.5. Smart Cities
8.6. Transportation

9. Americas Cellular Modem Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Cellular Modem Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Cellular Modem Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Sonim Embarks on New Horizon with the European Launch of Its First 'Connect' Wireless Internet Product
- 12.3.2. Apple Extends Modem Deal with Qualcomm Ahead of iPhone 15 Launch
- 12.3.3. MoMAGIC Technologies collaborates with Qualcomm to launch new 4G enabled IoT Solutions
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio