PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1389694
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1389694
Cellular Modem Market by Type (Embedded Cellular Modem, and Box Portable Cellular Modem), Technology (2G,3G,4G,5G, NB-IoT, and LTE-M), Vertical (Agriculture, Automotive & Transportation, Smart Cities, and Healthcare), Region - Global Forecast to 2028
Report Description
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2023-2028 |
| Base Year | 2022 |
| Forecast Period | 2023-2028 |
| Units Considered | Value (USD Billion) |
| Segments | Offering, Deployment, Application, End-Use and Region. |
| Regions covered | North America, Europe, Asia Pacific, RoW |
The cellular modem market is valued at USD 4.8 billion in 2023 and is anticipated to be USD 12.4 billion by 2028, growing at a CAGR of 20.6% from 2023 to 2028. Factors such as Strong preference for e-learning and online education, and Rapid evolution and adoption of advanced wireless technologies are likely to drive market growth during the forecast period. Cellular modems enhance the interactivity of online education. They enable real-time engagement between students and teachers through virtual classrooms, facilitating live discussions, collaborative projects, and interactive learning sessions.
High demand for smart home devices
The surge in smart home device adoption marks a significant shift in how people interact with their living spaces. Smart thermostats, security cameras, and voice assistants have become integral parts of modern homes, offering convenience, security, and energy efficiency. However, the effectiveness of these devices heavily relies on seamless connectivity. Cellular modems play a pivotal role in this context by ensuring constant and reliable internet access for smart home gadgets. Unlike traditional wired connections, cellular modems allow homeowners to control and monitor their smart devices remotely, regardless of their location. This level of accessibility empowers users to adjust their home environment, monitor security cameras, and manage energy usage, all through intuitive smartphone apps. As more consumers recognize the benefits of smart home technology, the demand for cellular modems tailored to these applications continues to rise, ensuring that the connected living experience remains uninterrupted and effortless.
Furthermore, smart home devices' efficiency and ease of use have created a snowball effect, driving further adoption. With the rise of remote work and the growing emphasis on energy conservation, consumers increasingly seek interconnected solutions that enhance their quality of life. Smart thermostats, for instance, allow precise control over heating and cooling systems, optimizing energy usage and reducing utility bills. Security cameras equipped with cellular connectivity offer real-time monitoring, enhancing home security and providing peace of mind to homeowners. Voice assistants, powered by robust internet connections, facilitate seamless integration with other smart devices, enabling voice-controlled automation and making everyday tasks more convenient. As these devices become indispensable in modern households, the demand for reliable and efficient cellular modems grows, ensuring that smart homes function seamlessly, delivering on the promise of a connected, intelligent living environment.
Indispensable need for edge computing in IoT
The emergence of edge computing signifies a paradigm shift in how data is processed and analyzed. Unlike traditional cloud-based processing, where data is sent to centralized servers for analysis, edge computing processes data closer to the source, often right where it is generated. This approach reduces latency significantly, as data does not have to travel back and forth to distant data centers. Instead, it is processed locally, enabling real-time decision-making. This real-time capability is crucial in various industries. For instance, edge computing powered by cellular modems allows machines on the factory floor to analyze data instantaneously in manufacturing. This means manufacturing equipment can identify and rectify issues on the spot, enhancing production efficiency and minimizing downtime. Similarly, wearable devices and medical equipment in healthcare can process patient data at the edge, ensuring timely and accurate responses. By leveraging cellular modems, these devices can transmit this critical information swiftly and reliably, allowing healthcare professionals to make informed decisions promptly.
Moreover, the adoption of edge computing reshapes how businesses handle massive volumes of data generated by IoT devices. These devices, ranging from smart building sensors to industrial plant machinery, generate continuous data streams. By utilizing cellular modems to connect these devices in an edge computing setup, businesses can analyze this data locally, extract actionable insights, and transmit only relevant information to central databases. This not only conserves bandwidth but also optimizes data processing resources. The efficiency gained by processing data at the edge, coupled with the reliable connectivity provided by cellular modems, empowers industries to harness the full potential of IoT applications, ensuring enhanced operational efficiency and improved decision-making capabilities.
"Asia Pacific is the fastest-growing region in the cellular modem market."
The Asia Pacific cellular modem market is expected to witness highest CAGR during the forecast The Asia Pacific region is a dynamic and rapidly growing market for cellular modems. Several factors drive this growth, including the increasing adoption of connected devices and applications, the expansion of mobile networks, and the growing demand for reliable and secure connectivity in various industries. China is the leader in IoT connection, with over 70% of global mobile IoT connections. The country has established NB-IoT, 4G, and 5G networks and continues to improve network coverage capabilities. By the end of September 2022, China had 1.75 billion mobile IoT connections, supported by a robust network infrastructure of 755,000 NB-IoT base stations, 5.937 million 4G base stations, and more than 2.3 million 5G base stations. The increasing adoption NB-IoT, 4G, and 5G networks drives the growth of the cellular modem market.
The breakup of primaries conducted during the study is depicted below:
- By Company Type: Tier 1 - 40 %, Tier 2 - 35%, and Tier 3 -25%
- By Designation: C-Level Executives - 40%, Directors - 35%, and Others - 25%
- By Region: North America- 30%, Europe - 20%, Asia Pacific - 45%, Rest of world- 5%
Research Coverage
The report segments the cellular modem market and forecasts its size, by value and volume, based on region (North America, Europe, Asia Pacific, and RoW), Type (Embedded Cellular Modem and Box Portable Cellular Modem), Technology (2G, 3G, 4G, LTE-M, NB-IoT, and 5G), and Vertical (Agriculture, automotive & transportation, building automation, consumer electronics, energy & utility, healthcare, industrial/manufacturing, retail, smart cities, and others). The report also comprehensively reviews market drivers, restraints, opportunities, and challenges in the cellular modem market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reason to Buy Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall cellular modem market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Strong preference for e-learning and online education, and Increased need for advanced connectivity solutions in Industry 4.0 era), restraints (Interoperability issues within cellular networks, and Security and privacy concerns in data-driven environment), opportunities (Growing trend of digital payments in FinTech sector, and Increasing adoption of telemedicine and remote healthcare services), and challenges (Hampered performance in adverse weather conditions, and Limited coverage of cellular networks in remote or rural areas)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the cellular modem market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the cellular modem market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the cellular modem market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Digi International Inc. (US), Sierra Wireless (Canada), Qualcomm Technologies, Inc. (US), and D-Link Corporation. (Taiwan); and Huawei Device Co., Ltd. (China), among others in the cellular modem market
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.2.1 INCLUSIONS AND EXCLUSIONS
- 1.3 STUDY SCOPE
- 1.3.1 MARKETS COVERED
- FIGURE 1 CELLULAR MODEM MARKET: SEGMENTATION
- 1.3.2 YEARS CONSIDERED
- 1.3.3 REGIONAL SCOPE
- 1.4 CURRENCY CONSIDERED
- TABLE 1 CURRENCY CONVERSION RATES
- 1.5 UNIT CONSIDERED
- 1.6 LIMITATIONS
- 1.7 STAKEHOLDERS
- 1.8 RECESSION IMPACT
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH APPROACH
- FIGURE 2 CELLULAR MODEM MARKET: RESEARCH DESIGN
- 2.1.1 SECONDARY AND PRIMARY RESEARCH
- 2.1.2 SECONDARY DATA
- 2.1.2.1 List of major secondary sources
- 2.1.2.2 Key data from secondary sources
- 2.1.3 PRIMARY DATA
- 2.1.3.1 List of key interview participants
- 2.1.3.2 Key data from primary sources
- 2.1.3.3 Key industry insights
- 2.1.3.4 Breakdown of primaries
- 2.2 MARKET SIZE ESTIMATION
- FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION
- FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUES GENERATED BY COMPANIES FROM SALES OF CELLULAR MODEMS
- FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP (DEMAND SIDE): DEMAND FOR CELLULAR MODEMS
- 2.2.1 BOTTOM-UP APPROACH
- 2.2.1.1 Approach to derive market size using bottom-up analysis
- FIGURE 6 CELLULAR MODEM MARKET: BOTTOM-UP APPROACH
- 2.2.2 TOP-DOWN APPROACH
- 2.2.2.1 Approach to derive market size using top-down analysis
- FIGURE 7 CELLULAR MODEM MARKET: TOP-DOWN APPROACH
- 2.3 DATA TRIANGULATION
- FIGURE 8 DATA TRIANGULATION
- 2.4 RESEARCH ASSUMPTIONS
- 2.5 RESEARCH LIMITATIONS
- 2.6 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON STUDIED MARKET
- 2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
- FIGURE 9 EMBEDDED CELLULAR MODEMS TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
- FIGURE 10 4G TECHNOLOGY TO SECURE LARGEST MARKET SHARE IN 2023
- FIGURE 11 HEALTHCARE VERTICAL TO EXHIBIT HIGHEST CAGR FROM 2023 TO 2028
- FIGURE 12 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN CELLULAR MODEM MARKET
- FIGURE 13 ADVANCEMENTS IN WIRELESS TECHNOLOGIES TO FUEL GROWTH OF CELLULAR MODEM MARKET FROM 2023 TO 2028
- 4.2 CELLULAR MODEM MARKET, BY TECHNOLOGY
- FIGURE 14 5G TECHNOLOGY TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
- 4.3 CELLULAR MODEM MARKET IN ASIA PACIFIC, BY TECHNOLOGY AND COUNTRY
- FIGURE 15 4G AND CHINA TO HOLD LARGEST SHARES OF CELLULAR MODEM MARKET IN 2023
- 4.4 CELLULAR MODEM MARKET, BY COUNTRY
- FIGURE 16 CELLULAR MODEM MARKET IN INDIA TO GROW AT HIGHEST CAGR FROM 2023 TO 2028
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- FIGURE 17 CELLULAR MODEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
- 5.2.1 DRIVERS
- 5.2.1.1 Rapid evolution and adoption of advanced wireless technologies
- FIGURE 18 GLOBAL M2M CONNECTIONS, 2019-2023
- 5.2.1.2 High demand for smart home devices
- 5.2.1.3 Increased need for advanced connectivity solutions in Industry 4.0 era
- 5.2.1.4 Indispensable need for edge computing in IoT
- 5.2.1.5 Strong preference for e-learning and online education
- FIGURE 19 CELLULAR MODEM MARKET: IMPACT ANALYSIS OF DRIVERS
- 5.2.2 RESTRAINTS
- 5.2.2.1 Interoperability issues within cellular networks
- 5.2.2.2 Security and privacy concerns in data-driven environment
- FIGURE 20 CELLULAR MODEM MARKET: IMPACT ANALYSIS OF RESTRAINTS
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Growing trend of digital payments in FinTech sector
- 5.2.3.2 Government initiatives for digital transformation
- 5.2.3.3 Increasing adoption of telemedicine and remote healthcare services
- 5.2.3.4 Integration of cellular technology in fleet management systems
- FIGURE 21 CELLULAR MODEM MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
- 5.2.4 CHALLENGES
- 5.2.4.1 Hampered performance in adverse weather conditions
- 5.2.4.2 Limited coverage of cellular networks in remote or rural areas
- FIGURE 22 CELLULAR MODEM MARKET: IMPACT ANALYSIS OF CHALLENGES
- 5.3 VALUE CHAIN ANALYSIS
- FIGURE 23 VALUE CHAIN ANALYSIS: MANUFACTURERS TO CONTRIBUTE MOST TO PRODUCT COST
- 5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
- FIGURE 24 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
- 5.5 ECOSYSTEM ANALYSIS
- FIGURE 25 ECOSYSTEM ANALYSIS
- TABLE 2 COMPANIES AND THEIR ROLES IN CELLULAR MODEM ECOSYSTEM
- 5.6 PORTER'S FIVE FORCES ANALYSIS
- TABLE 3 CELLULAR MODEM MARKET: PORTER'S FIVE FORCES ANALYSIS
- FIGURE 26 CELLULAR MODEM MARKET: PORTER'S FIVE FORCES ANALYSIS
- 5.6.1 THREAT OF NEW ENTRANTS
- 5.6.2 THREAT OF SUBSTITUTES
- 5.6.3 BARGAINING POWER OF SUPPLIERS
- 5.6.4 BARGAINING POWER OF BUYERS
- 5.6.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.7 CASE STUDY ANALYSIS
- TABLE 4 LANTRONIX PROVIDES E210 ROUTERS TO ARGUS SECURE TECHNOLOGIES FOR SECURE DATA TRANSMISSION
- TABLE 5 DEGIV HEALTH TERMINALS STRENGTHENS PATIENT PRIVACY WITH DIGI IX20 4G LTE ROUTER
- TABLE 6 SIERRA WIRELESS AIRLINK GX450 GATEWAY ENABLES FARM FROM A BOX TO DEVELOP SUSTAINABLE AND REMOTE MONITORING SOLUTIONS
- TABLE 7 SIERRA WIRELESS SIMPLIFIES CLEANROBOTICS' TRASHBOT DEPLOYMENT THROUGH PLUG-AND-PLAY MODEL
- TABLE 8 SIERRA WIRELESS SOLUTION ASSISTS QSH TO DEPLOY 15,000 SMART LOCKERS GLOBALLY
- 5.8 TECHNOLOGY ANALYSIS
- 5.8.1 MASSIVE MIMO
- 5.8.2 BEAMFORMING
- 5.8.3 CARRIER AGGREGATION
- 5.8.4 LICENSE ASSISTED ACCESS (LAA)
- 5.9 PRICING ANALYSIS
- TABLE 9 AVERAGE SELLING PRICE (ASP) TREND OF CELLULAR MODEMS, BY TYPE, 2019-2022 (USD)
- TABLE 10 AVERAGE SELLING PRICE (ASP) TREND OF CELLULAR MODEMS, BY TYPE, 2023-2028 (USD)
- 5.9.1 AVERAGE SELLING PRICE (ASP) TREND OF CELLULAR MODEMS, BY REGION
- FIGURE 27 AVERAGE SELLING PRICE (ASP) TREND OF EMBEDDED CELLULAR MODEMS, BY REGION, 2019-2028 (USD)
- FIGURE 28 AVERAGE SELLING PRICE (ASP) TREND OF BOX PORTABLE CELLULAR MODEMS, BY REGION, 2019-2028 (USD)
- 5.9.2 AVERAGE SELLING PRICE (ASP) TREND OF CELLULAR MODEMS OFFERED BY TOP SIX PLAYERS
- FIGURE 29 AVERAGE SELLING PRICE TREND OF CELLULAR MODEMS OFFERED BY TOP SIX PLAYERS
- 5.10 TRADE ANALYSIS
- 5.10.1 IMPORT SCENARIO
- FIGURE 30 IMPORT DATA FOR HS CODE 8517-COMPLIANT PRODUCTS, BY COUNTRY, 2018-2022 (USD BILLION)
- 5.10.2 EXPORT SCENARIO
- FIGURE 31 EXPORT DATA FOR HS CODE 8517-COMPLIANT PRODUCTS, BY COUNTRY, 2018-2022 (USD BILLION)
- 5.11 PATENT ANALYSIS, 2019-2023
- TABLE 11 CELLULAR MODEM MARKET: LIST OF PATENTS, 2019-2023
- FIGURE 32 CELLULAR MODEM MARKET: PATENTS GRANTED, 2012-2023
- TABLE 12 TOP 20 PATENT OWNERS, 2013-2023
- FIGURE 33 CELLULAR MODEM MARKET: TOP 10 PATENT HOLDERS IN CELLULAR MODEM MARKET, 2013-2023
- 5.12 TARIFF ANALYSIS
- 5.12.1 TARIFFS
- TABLE 13 MFN TARIFF FOR HS CODE 8517-COMPLIANT PRODUCTS EXPORTED BY US
- TABLE 14 MFN TARIFF FOR HS CODE 8517-COMPLIANT PRODUCTS EXPORTED BY CHINA
- 5.13 REGULATORY LANDSCAPE AND STANDARDS
- 5.13.1 REGULATIONS
- 5.13.2 STANDARDS
- 5.13.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 15 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 16 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 17 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 18 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 5.14 KEY CONFERENCES AND EVENTS, 2024
- TABLE 19 CELLULAR MODEM MARKET: LIST OF CONFERENCES AND EVENTS, 2024
- 5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
- FIGURE 34 KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE VERTICALS
- TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
- 5.15.2 BUYING CRITERIA
- FIGURE 35 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
- TABLE 21 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
6 CELLULAR MODEM MARKET, BY TYPE
- 6.1 INTRODUCTION
- FIGURE 36 CELLULAR MODEM MARKET, BY TYPE
- FIGURE 37 EMBEDDED CELLULAR MODEMS TO DISPLAY HIGHER CAGR DURING FORECAST PERIOD
- TABLE 22 CELLULAR MODEM MARKET, BY TYPE, 2019-2022 (USD MILLION)
- TABLE 23 CELLULAR MODEM MARKET, BY TYPE, 2023-2028 (USD MILLION)
- TABLE 24 CELLULAR MODEM MARKET, BY TYPE, 2019-2022 (MILLION UNITS)
- TABLE 25 CELLULAR MODEM MARKET, BY TYPE, 2023-2028 (MILLION UNITS)
- 6.2 EMBEDDED CELLULAR MODEMS
- 6.2.1 INCREASING INTEGRATION OF CELLULAR CONNECTIVITY IN IOT AND SMART APPLIANCES TO BOOST DEMAND
- TABLE 26 USE CASE: AIA'S REMOTE MONITORING SOLUTION ENABLES EFFICIENT AUTOMATION IN OIL AND & INDUSTRY
- FIGURE 38 NORTH AMERICA TO DISPLAY HIGHEST CAGR IN EMBEDDED CELLULAR MODEM MARKET DURING FORECAST PERIOD
- TABLE 27 EMBEDDED CELLULAR MODEMS: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 28 EMBEDDED CELLULAR MODEMS: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 6.3 BOX PORTABLE CELLULAR MODEMS
- 6.3.1 INCREASING ADOPTION OF REMOTE WORK AND E-LEARNING PLATFORMS TO ACCELERATE DEMAND
- TABLE 29 USE CASE: DIGI INTERNATIONAL PARTNERS WITH AT&T TO CENTRALIZE DEVICE MANAGEMENT AND SUPPORT CONNECTED VEHICLES
- FIGURE 39 NORTH AMERICA TO HOLD SIGNIFICANT MARKET SHARE OF BOX PORTABLE CELLULAR MODEM MARKET THROUGHOUT FORECAST PERIOD
- TABLE 30 BOX PORTABLE CELLULAR MODEMS: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 31 BOX PORTABLE CELLULAR MODEMS: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
7 CELLULAR MODEM MARKET, BY TECHNOLOGY
- 7.1 INTRODUCTION
- FIGURE 40 CELLULAR MODEM MARKET, BY TECHNOLOGY
- FIGURE 41 5G CELLULAR MODEMS TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD
- TABLE 32 CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
- TABLE 33 CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
- 7.2 2G
- 7.2.1 APPLICATIONS DEMANDING LESS DATA TRANSFERS TO DRIVE DEMAND
- TABLE 34 USE CASE: M.O. POWER TRANSMISSION ENHANCES ENERGY SUBSTATION AUTOMATION WITH 2G/3G MODEMS
- FIGURE 42 ASIA PACIFIC TO HOLD LARGEST MARKET SHARE FROM 2023 TO 2028
- TABLE 35 2G: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 36 2G: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 7.3 3G
- 7.3.1 SHIFT TOWARD DATA-CENTRIC SERVICES TO BOOST DEMAND
- TABLE 37 USE CASE: RUBIN IMPLEMENTS ROBUSTEL'S M1000 XP MODEM TO ENHANCE MAINTENANCE CAPABILITIES
- FIGURE 43 ASIA PACIFIC TO COMMAND MARKET SHARE DURING FORECAST PERIOD
- TABLE 38 3G: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 39 3G: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 7.4 4G
- 7.4.1 ENHANCED BANDWIDTH AND SUPERIOR SERVICE QUALITY TO DRIVE MARKET
- TABLE 40 USE CASE: DIGI INTERNATIONAL INC. ASSISTS METRO COMPACTOR SERVICE INC. MANAGE WASTE EFFICIENTLY
- FIGURE 44 ASIA PACIFIC TO SECURE LARGEST MARKET SHARE FROM 2023 TO 2028
- TABLE 41 4G: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 42 4G: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 7.5 5G
- 7.5.1 UNPARALLELED DATA TRANSMISSION SPEED AND LOW LATENCY FEATURES TO ACCELERATE ADOPTION OF 5G MODEMS
- TABLE 43 USE CASE: TRIMET IMPROVES FLEET MANAGEMENT WITH DIGI TX64 TRANSPORTATION ROUTER
- FIGURE 45 ASIA PACIFIC TO LEAD MARKET THROUGHOUT FORECAST PERIOD
- TABLE 44 5G: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 45 5G: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 7.6 LPWAN
- 7.6.1 LTE-M
- 7.6.1.1 Pressing need for reliable and secure data transmission over cellular networks to drive market
- TABLE 46 USE CASE: INFINITUM ELECTRIC ENHANCES HVAC APPLICATIONS WITH DIGI XBEE 3 SMART CELLULAR MODEMS
- FIGURE 46 NORTH AMERICA TO CAPTURE LARGEST MARKET SHARE IN 2023
- TABLE 47 LTE-M: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 48 LTE-M: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 7.6.2 NB-IOT
- 7.6.2.1 Smart meters and environmental sensors to generate significant demand
- TABLE 49 USE CASE: PUPPTECH DEVELOPS PORTABLE AND CONNECTED ENVIRONMENTAL MONITORING SOLUTIONS FOR DOGS WITH DIGI XBEE 3 CELLULAR LTE-M/NB-IOT MODEM
- FIGURE 47 ASIA PACIFIC TO SECURE LARGEST MARKET SHARE FROM 2023 TO 2028
- TABLE 50 NB-IOT: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 51 NB-IOT: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 7.6.1 LTE-M
8 CELLULAR MODEM MARKET, BY VERTICAL
- 8.1 INTRODUCTION
- FIGURE 48 CELLULAR MODEM MARKET, BY VERTICAL
- TABLE 52 CELLULAR MODEM MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
- TABLE 53 CELLULAR MODEM MARKET, BY VERTICAL, 2023-2028 (USD MILLION)
- FIGURE 49 ENERGY & UTILITIES VERTICAL TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD
- 8.2 AGRICULTURE
- 8.2.1 GROWING ADOPTION OF SMART AGRICULTURE EQUIPMENT TO CREATE OPPORTUNITIES FOR PLAYERS
- FIGURE 50 ASIA PACIFIC TO DOMINATE CELLULAR MODEM MARKET FOR AGRICULTURE APPLICATIONS THROUGHOUT FORECAST PERIOD
- TABLE 54 AGRICULTURE: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 55 AGRICULTURE: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 8.3 AUTOMOTIVE & TRANSPORTATION
- 8.3.1 NEED FOR REAL-TIME INFORMATION ON TRAFFIC CONDITIONS AND ROAD HAZARDS TO ENSURE SAFER DRIVING TO BOOST ADOPTION
- FIGURE 51 EUROPE TO SECURE SIGNIFICANT MARKET SHARE IN CELLULAR MODEM MARKET DURING FORECAST PERIOD
- TABLE 56 AUTOMOTIVE & TRANSPORTATION: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 57 AUTOMOTIVE & TRANSPORTATION: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 8.4 CONSUMER ELECTRONICS
- 8.4.1 INCREASING DEMAND FOR SMART HOMES TO SUPPORT MARKET GROWTH
- FIGURE 52 ASIA PACIFIC TO LEAD CELLULAR MODEM MARKET FOR CONSUMER ELECTRONICS FROM 2023 TO 2028
- TABLE 58 CONSUMER ELECTRONICS: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 59 CONSUMER ELECTRONICS: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 8.5 BUILDING AUTOMATION
- 8.5.1 GROWING FOCUS ON REDUCING OPERATIONAL COSTS AND ENSURING ENERGY SAVINGS TO FUEL DEMAND
- FIGURE 53 NORTH AMERICA TO HOLD LARGEST MARKET SHARE FOR BUILDING AUTOMATION FROM 2O23 TO 2028
- TABLE 60 BUILDING AUTOMATION: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 61 BUILDING AUTOMATION: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 8.6 ENERGY & UTILITIES
- 8.6.1 PRESSING NEED FOR UNINTERRUPTED COMMUNICATION BETWEEN GRID COMPONENTS TO BOOST DEMAND
- FIGURE 54 ASIA PACIFIC TO COMMAND CELLULAR MODEM MARKET FOR ENERGY & UTILITIES THROUGHOUT FORECAST PERIOD
- TABLE 62 ENERGY & UTILITIES: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 63 ENERGY & UTILITIES: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 8.7 HEALTHCARE
- 8.7.1 INCREASING PREFERENCE FOR TELEMEDICINE SERVICES TO FOSTER MARKET GROWTH
- FIGURE 55 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
- TABLE 64 HEALTHCARE: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 65 HEALTHCARE: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 8.8 INDUSTRIAL/MANUFACTURING
- 8.8.1 GROWING USE OF MACHINE-TO-MACHINE COMMUNICATION TECHNOLOGY TO FUEL MARKET GROWTH
- FIGURE 56 ASIA PACIFIC TO COMMAND MARKET FROM 2023 TO 2028
- TABLE 66 INDUSTRIAL/MANUFACTURING: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 67 INDUSTRIAL/MANUFACTURING: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 8.9 RETAIL
- 8.9.1 ABILITY TO OFFER QUICK AND RELIABLE PAYMENT PROCESSING TO BOOST DEMAND
- FIGURE 57 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR FOR RETAIL DURING FORECAST PERIOD
- TABLE 68 RETAIL: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 69 RETAIL: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 8.10 SMART CITIES
- 8.10.1 GROWING DEPLOYMENT IN INTELLIGENT TRANSPORTATION SYSTEMS TO BOOST DEMAND
- FIGURE 58 ASIA PACIFIC TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
- TABLE 70 SMART CITIES: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 71 SMART CITIES: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 8.11 OTHERS
- FIGURE 59 NORTH AMERICA TO DISPLAY HIGHEST CAGR IN CELLULAR MODEM MARKET FOR OTHER VERTICALS DURING FORECAST PERIOD
- TABLE 72 OTHERS: CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 73 OTHERS: CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
9 CELLULAR MODEM MARKET, BY REGION
- 9.1 INTRODUCTION
- FIGURE 60 INDIA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
- FIGURE 61 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
- TABLE 74 CELLULAR MODEM MARKET, BY REGION, 2019-2022 (USD MILLION)
- TABLE 75 CELLULAR MODEM MARKET, BY REGION, 2023-2028 (USD MILLION)
- 9.2 NORTH AMERICA
- 9.2.1 NORTH AMERICA: RECESSION IMPACT
- FIGURE 62 NORTH AMERICA: CELLULAR MODEM MARKET SNAPSHOT
- 9.2.2 US
- 9.2.2.1 Rising adoption of 5G, IoT, robotics, and big data analytics technologies to drive market
- 9.2.3 CANADA
- 9.2.3.1 Growing focus on enhancing 5G capabilities to boost demand
- 9.2.4 MEXICO
- 9.2.4.1 Vehicle telematics and fleet management applications in automobile industry to contribute to high demand
- TABLE 76 NORTH AMERICA: CELLULAR MODEM MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
- TABLE 77 NORTH AMERICA: CELLULAR MODEM MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
- TABLE 78 NORTH AMERICA: CELLULAR MODEM MARKET, BY TYPE, 2019-2022 (USD MILLION)
- TABLE 79 NORTH AMERICA: CELLULAR MODEM MARKET, BY TYPE, 2023-2028 (USD MILLION)
- TABLE 80 NORTH AMERICA: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
- TABLE 81 NORTH AMERICA: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
- TABLE 82 NORTH AMERICA: CELLULAR MODEM MARKET, BY VERTICAL, 2019-2022 (USD MILLION)
- TABLE 83 NORTH AMERICA: CELLULAR MODEM MARKET, BY VERTICAL, 2023-2028 (USD MILLION)
- 9.3 EUROPE
- 9.3.1 EUROPE: RECESSION IMPACT
- FIGURE 63 EUROPE: CELLULAR MODEM MARKET SNAPSHOT
- 9.3.2 GERMANY
- 9.3.2.1 Thriving industrial and automotive sectors to fuel market growth
- 9.3.3 UK
- 9.3.3.1 Strong use of smart technologies and connected devices to accelerate demand for cellular modems
- 9.3.4 FRANCE
- 9.3.4.1 Increasing government investments in advanced communication technologies to stimulate requirement for cellular modems
- 9.3.5 ITALY
- 9.3.5.1 Rising focus on adoption of ultra-fast communication technologies to foster market growth
- 9.3.6 SPAIN
- 9.3.6.1 Strategic initiatives and significant investments in digital infrastructure to boost demand
- 9.3.7 REST OF EUROPE
- TABLE 84 EUROPE: CELLULAR MODEM MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
- TABLE 85 EUROPE: CELLULAR MODEM MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
- TABLE 86 EUROPE: CELLULAR MODEM MARKET, BY TYPE, 2019-2022 (USD MILLION)
- TABLE 87 EUROPE: CELLULAR MODEM MARKET, BY TYPE, 2023-2028 (USD MILLION)
- TABLE 88 EUROPE: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
- TABLE 89 EUROPE: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
- TABLE 90 EUROPE: CELLULAR MODEM MARKET, BY VERTICAL, 2019-2022 (USD MILLION)
- TABLE 91 EUROPE: CELLULAR MODEM MARKET, BY VERTICAL, 2023-2028 (USD MILLION)
- 9.4 ASIA PACIFIC
- 9.4.1 ASIA PACIFIC: RECESSION IMPACT
- FIGURE 64 ASIA PACIFIC: CELLULAR MODEM MARKET SNAPSHOT
- 9.4.2 CHINA
- 9.4.2.1 Substantial progress by major telecom operators to boost demand
- 9.4.3 JAPAN
- 9.4.3.1 Fierce competition among established players to boost demand
- 9.4.4 INDIA
- 9.4.4.1 Favorable government policies for development of manufacturing sector to accelerate demand
- 9.4.5 SOUTH KOREA
- 9.4.5.1 Growing trend of advanced manufacturing to drive market
- 9.4.6 REST OF ASIA PACIFIC
- TABLE 92 ASIA PACIFIC: CELLULAR MODEM MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
- TABLE 93 ASIA PACIFIC: CELLULAR MODEM MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
- TABLE 94 ASIA PACIFIC: CELLULAR MODEM MARKET, BY TYPE, 2019-2022 (USD MILLION)
- TABLE 95 ASIA PACIFIC: CELLULAR MODEM MARKET, BY TYPE, 2023-2028 (USD MILLION)
- TABLE 96 ASIA PACIFIC: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
- TABLE 97 ASIA PACIFIC: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
- TABLE 98 ASIA PACIFIC: CELLULAR MODEM MARKET, BY VERTICAL, 2019-2022 (USD MILLION)
- TABLE 99 ASIA PACIFIC: CELLULAR MODEM MARKET, BY VERTICAL, 2023-2028 (USD MILLION)
- 9.5 ROW
- 9.5.1 ROW: RECESSION IMPACT
- 9.5.2 SOUTH AMERICA
- 9.5.2.1 Projected rise in 5G penetration by 2030 to drive market
- 9.5.3 MIDDLE EAST & AFRICA
- 9.5.3.1 Focus of major telecommunications companies on expanding 5G networks to create opportunities
- TABLE 100 ROW: CELLULAR MODEM MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
- TABLE 101 ROW: CELLULAR MODEM MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
- TABLE 102 ROW: CELLULAR MODEM MARKET, BY TYPE, 2019-2022 (USD MILLION)
- TABLE 103 ROW: CELLULAR MODEM MARKET, BY TYPE, 2023-2028 (USD MILLION)
- TABLE 104 ROW: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019-2022 (USD MILLION)
- TABLE 105 ROW: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023-2028 (USD MILLION)
- TABLE 106 ROW: CELLULAR MODEM MARKET, BY VERTICAL, 2019-2022 (USD MILLION)
- TABLE 107 ROW: CELLULAR MODEM MARKET, BY VERTICAL, 2023-2028 (USD MILLION)
10 COMPETITIVE LANDSCAPE
- 10.1 OVERVIEW
- 10.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS
- TABLE 108 CELLULAR MODEM MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
- 10.3 REVENUE ANALYSIS, 2018-2022
- FIGURE 65 REVENUE ANALYSIS OF KEY PLAYERS, 2018-2022
- 10.4 MARKET SHARE ANALYSIS, 2022
- FIGURE 66 CELLULAR MODEM MARKET SHARE ANALYSIS, 2022
- TABLE 109 CELLULAR MODEM MARKET SHARE ANALYSIS, 2022
- 10.5 COMPANY EVALUATION MATRIX, 2022
- 10.5.1 STARS
- 10.5.2 EMERGING LEADERS
- 10.5.3 PERVASIVE PLAYERS
- 10.5.4 PARTICIPANTS
- FIGURE 67 CELLULAR MODEM MARKET: COMPANY EVALUATION MATRIX, 2022
- 10.6 COMPANY FOOTPRINT
- TABLE 110 OVERALL COMPANY FOOTPRINT
- TABLE 111 COMPANY FOOTPRINT: TYPE
- TABLE 112 COMPANY FOOTPRINT: REGION
- 10.7 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022
- 10.7.1 PROGRESSIVE COMPANIES
- 10.7.2 RESPONSIVE COMPANIES
- 10.7.3 DYNAMIC COMPANIES
- 10.7.4 STARTING BLOCKS
- FIGURE 68 CELLULAR MODEM MARKET: START-UPS/SMES EVALUATION MATRIX, 2022
- 10.8 COMPETITIVE BENCHMARKING
- TABLE 113 LIST OF KEY START-UPS/SMES
- TABLE 114 CELLULAR MODEM MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
- 10.9 COMPETITIVE SCENARIOS AND TRENDS
- 10.9.1 PRODUCT LAUNCHES
- TABLE 115 CELLULAR MODEM MARKET: PRODUCT LAUNCHES, 2019-2023
- 10.9.2 DEALS
- TABLE 116 CELLULAR MODEM MARKET: DEALS, 2019-2023
- 10.9.3 OTHERS
- TABLE 117 CELLULAR MODEM MARKET: OTHERS, 2019-2023
11 COMPANY PROFILES
- 11.1 KEY PLAYERS
- (Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)**
- 11.1.1 DIGI INTERNATIONAL INC.
- TABLE 118 DIGI INTERNATIONAL INC.: COMPANY OVERVIEW
- FIGURE 69 DIGI INTERNATIONAL INC.: COMPANY SNAPSHOT
- TABLE 119 DIGI INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
- TABLE 120 DIGI INTERNATIONAL INC.: PRODUCT LAUNCHES
- TABLE 121 DIGI INTERNATIONAL INC.: DEALS
- TABLE 122 DIGI INTERNATIONAL INC.: OTHERS
- 11.1.2 SIERRA WIRELESS
- TABLE 123 SIERRA WIRELESS: COMPANY OVERVIEW
- TABLE 124 SIERRA WIRELESS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
- TABLE 125 SIERRA WIRELESS: PRODUCT LAUNCHES
- TABLE 126 SIERRA WIRELESS: DEALS
- 11.1.3 QUALCOMM TECHNOLOGIES, INC.
- TABLE 127 QUALCOMM TECHNOLOGIES, INC.: COMPANY OVERVIEW
- FIGURE 70 QUALCOMM TECHNOLOGIES, INC.: COMPANY SNAPSHOT
- TABLE 128 QUALCOMM TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
- TABLE 129 QUALCOMM TECHNOLOGIES, INC.: PRODUCT LAUNCHES
- TABLE 130 QUALCOMM TECHNOLOGIES, INC.: DEALS
- 11.1.4 D-LINK CORPORATION
- TABLE 131 D-LINK CORPORATION: COMPANY OVERVIEW
- FIGURE 71 D-LINK CORPORATION: COMPANY SNAPSHOT
- TABLE 132 D-LINK CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 11.1.5 HUAWEI DEVICE CO., LTD.
- TABLE 133 HUAWEI DEVICE CO., LTD.: COMPANY OVERVIEW
- FIGURE 72 HUAWEI DEVICE CO., LTD.: COMPANY SNAPSHOT
- TABLE 134 HUAWEI DEVICE CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
- TABLE 135 HUAWEI DEVICE CO., LTD.: DEALS
- 11.1.6 TP-LINK CORPORATION LIMITED
- TABLE 136 TP-LINK CORPORATION LIMITED: COMPANY OVERVIEW
- TABLE 137 TP-LINK CORPORATION LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 11.1.7 XIAMEN BAIMA TECHNOLOGY CO., LTD.
- TABLE 138 XIAMEN BAIMA TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
- TABLE 139 XIAMEN BAIMA TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 11.1.8 NETGEAR
- TABLE 140 NETGEAR: COMPANY OVERVIEW
- FIGURE 73 NETGEAR: COMPANY SNAPSHOT
- TABLE 141 NETGEAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
- TABLE 142 NETGEAR: PRODUCT LAUNCHES
- TABLE 143 NETGEAR: DEALS
- 11.1.9 ADVANTECH CO., LTD.
- TABLE 144 ADVANTECH CO., LTD.: COMPANY OVERVIEW
- FIGURE 74 ADVANTECH CO., LTD.: COMPANY SNAPSHOT
- TABLE 145 ADVANTECH CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
- TABLE 146 ADVANTECH CO., LTD.: DEALS
- 11.1.10 CISCO SYSTEMS, INC.
- TABLE 147 CISCO SYSTEMS, INC.: COMPANY OVERVIEW
- FIGURE 75 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
- 11.1.10.2 Products/Solutions/Services offered
- TABLE 148 CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
- TABLE 149 CISCO SYSTEMS, INC.: DEALS
- *Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
- 11.2 OTHER KEY PLAYERS
- 11.2.1 MOXA INC.
- 11.2.2 MULTI-TECH SYSTEMS, INC.
- 11.2.3 BELKIN
- 11.2.4 PEPLINK
- 11.2.5 ROBUSTEL
- 11.2.6 LANTRONIX, INC.
- 11.2.7 INHAND NETWORKS
- 11.2.8 MOTOROLA MOBILITY LLC
- 11.2.9 BENTEK SYSTEMS
- 11.2.10 CAMPBELL SCIENTIFIC, INC.
- 11.2.11 RED LION
- 11.2.12 SHENZHEN WLINK TECHNOLOGY CO., LTD.
- 11.2.13 JINAN USR IOT TECHNOLOGY LIMITED
- 11.2.14 BIVOCOM
- 11.2.15 AIRGAIN, INC.
12 APPENDIX
- 12.1 DISCUSSION GUIDE
- 12.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 12.3 CUSTOMIZATION OPTIONS
- 12.4 RELATED REPORTS
- 12.5 AUTHOR DETAILS
