Satellite Modem Market Report: Trends, Forecast and Competitive Analysis to 2030

Satellite Modem Trends and Forecast

The future of the global satellite modem market looks promising with opportunities in the transportation & logistics, oil & gas, energy & utilities, marine, military & defense, mining, and telecommunication markets. The global satellite modem market is expected to reach an estimated $949.5 million by 2030 with a CAGR of 13.1% from 2024 to 2030. The major drivers for this market are notable increase in the need for improved data transfer and connectivity, increasing need for tools to support fleet management, asset tracking, vehicle tracking, and other tasks, as well as, rising global consumer demand for connected home appliances and health care.

A more than 150-page report is developed to help in your business decisions.

Satellite Modem by Segment

The study includes a forecast for the global satellite modem by data range, end use industry, channel type, application, and region.

Satellite Modem Market by Data Range [Shipment Analysis by Value from 2018 to 2030]:

• Entry-Level Data Rate Modems
• Mid-Range Data Rate Modems
• High-Speed Data Rate Modems

Satellite Modem Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

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

Satellite Modem Market by Channel Type [Shipment Analysis by Value from 2018 to 2030]:

• Single Channel Per Carrier Modems
• Multiple Channel Per Carrier Modems

Satellite Modem Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Offshore Communication
• Tracking & Monitoring
• Mobile & Backhaul
• IP Trunking
• Others

Satellite Modem Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Satellite Modem Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies satellite modem companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the satellite modem companies profiled in this report include-

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

Satellite Modem Market Insights

Lucintel forecasts that high-speed data rate modems is expected to witness the highest growth over the forecast period due to increasing need for high-speed communication in a variety of applications, including backhaul and mobile and offshore communication.

Within this market, military & defense will remain the largest segment.

APAC is expected to witness highest growth over the forecast period due to rising investments in military and defense projects in this region, as well as, increasing number of satellite launches in this area combined with the soaring demand for high-speed data connectivity.

Features of the Global Satellite Modem Market

Market Size Estimates: Satellite modem market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Satellite modem market size by various segments, such as by data range, end use industry, channel type, application, and region in terms of value ($M).

Regional Analysis: Satellite modem market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different data range, end use industry, channel type, application, and regions for the satellite modem market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the satellite modem market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the satellite modem market size?

Answer: The global satellite modem market is expected to reach an estimated $949.5 million by 2030.

Q2. What is the growth forecast for satellite modem market?

Answer: The global satellite modem market is expected to grow with a CAGR of 13.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the satellite modem market?

Answer: The major drivers for this market are notable increase in the need for improved data transfer and connectivity, increasing need for tools to support fleet management, asset tracking, vehicle tracking, and other tasks, as well as, rising global consumer demand for connected home appliances and health care.

Q4. What are the major segments for satellite modem market?

Answer: The future of the global satellite modem market looks promising with opportunities in the transportation & logistics, oil & gas, energy & utilities, marine, military & defense, mining, and telecommunication markets.

Q5. Who are the key satellite modem market companies?

Answer: Some of the key satellite modem companies are as follows:

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

Q6. Which satellite modem market segment will be the largest in future?

Answer: Lucintel forecasts that high-speed data rate modems is expected to witness the highest growth over the forecast period due to increasing need for high-speed communication in a variety of applications, including backhaul and mobile and offshore communication.

Q7. In satellite modem market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to rising investments in military and defense projects in this region, as well as, increasing number of satellite launches in this area combined with the soaring demand for high-speed data connectivity.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the satellite modem market by data range (entry-level data rate modems, mid-range data rate modems, and high-speed data rate modems), end use industry (transportation & logistics, oil & gas, energy & utilities, marine, military & defense, mining, and telecommunications), channel type (single channel per carrier modems and multiple channel per carrier modems), application (offshore communication, tracking & monitoring, mobile & backhaul, ip trunking, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?