Satellite Modem Market worth 420.4 Million USD by 2023 with a growing CAGR of 6.0%


The report "Satellite Modem Market by Channel Type (SCPC & MCPC), Data Rate (High-Speed, Mid-Range, Entry-Level), Application (Mobile & Backhaul, IP Trunking, Offshore Communication), End User (Telecom, Marine, Oil & Gas), & Geography - Global Forecast to 2023", The satellite modem market is expected to grow from USD 296.4 Million in 2017 to USD 420.4 Million by 2023, at a CAGR of 6.0% between 2017 and 2023. The major factors driving the growth of the satellite modem market include continuous innovation by satellite modem manufacturers to ensure the growth of the market, rising need for enriched high-speed data communication, and growing demand for satellite communication from various verticals.

The Multiple Channel Per Carrier (MCPC) modem held the largest size of the satellite modem market in 2016

The larger market share of MCPC modems is attributed to their unparalleled channel efficiency, which is the core requirement of high-data-traffic industries such as mobile communication and internet & broadband services. MCPC satellite modems support internet and IP applications for its multimedia applications. Considering the advantages of MCPC satellite modems, this market is expected to register higher growth during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=261298987

Mid-range data rate modem market to grow at a high rate between 2017 and 2023

Mid-range data rate modems are expected to find widespread use, especially among telecom and mobile operators. All these sectors such as telecommunication and mobile networks are growing as connectivity is becoming a critical need. Apart from the telecom industry, mid-range data rate satellite modems are also used in enterprises, and the broadcast and news industry, among others. Thus, owing to the rising adoption rate in all these fields, this market is expected to grow at the highest CAGR between 2017 and 2023.

North America to hold the largest share of the satellite modem market in 2016

In North America, the US, Canada, and Mexico are major oil producers, and oil & gas companies in this region are continuously increasing their exploration activities. As the operations of oil & gas industries are often conducted in remote locations, there is a growing demand for satellite communication to make critical decisions based on data, voice, and video communications. Satellite communication provides continuous connectivity and delivers very high performance, and is, therefore, essential for the oil & gas industry. Thus, the satellite modem market has a good opportunity to achieve growth in different applications (such as tracking & monitoring and offshore communication) in various North American industries.

Some of the key players in the satellite modem market are ORBCOMM INC. (US), ViaSat Inc. (US), Gilat Satellite Networks Ltd. (Israel), NovelSat (Israel), Comtech EF Data Corporation. (US), Newtec Cy N.V. (Belgium), Datum Systems Inc. (US), Teledyne Paradise Datacom (UK), Advantech Wireless (Canada), and WORK Microwave GmbH (Germany).

Read More info about Satellite Modem Market


Comments

Post a Comment

Popular posts from this blog

Sustainable Practices Boost Demand for Pressure Transmitters in Water & Wastewater Treatment

  The global pressure transmitter market is poised for substantial growth, driven by the increasing demand across various industries. Among these, the water and wastewater treatment industry is anticipated to register the highest growth rate during the forecast period. This growth is fueled by the rising need for efficient and reliable pressure measurement solutions to ensure safe and effective water treatment processes. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=937 Importance of Pressure Transmitters in Water & Wastewater Treatment Pressure transmitters play a crucial role in the water and wastewater treatment industry. They are essential for monitoring and controlling the pressure within pipelines, tanks, and other critical infrastructure. Accurate pressure measurement is vital for: Process Optimization : Ensuring optimal pressure levels helps in maintaining the efficiency of treatment processes, reducing energy consumption, and min...
Read more

Retail & Logistics: Driving Growth in the Mesh Gateway Market

The mesh gateway market is poised for substantial growth, with the retail and logistics sectors emerging as key contributors. As businesses increasingly adopt digital transformation strategies, the demand for reliable, scalable, and efficient network solutions has skyrocketed. Mesh gateways, known for their ability to enhance network coverage and reliability, are becoming integral to these sectors. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191463907 Understanding Mesh Gateways Mesh gateways are networking devices that facilitate the interconnection of various network nodes, forming a robust and seamless communication network. Unlike traditional networking solutions, mesh gateways allow each node to connect to multiple other nodes, creating a web-like structure. This architecture ensures continuous connectivity, even if one node fails, as the network can dynamically reroute data through other available nodes. Why Retail & Logistics? ...
Read more

Future Insights: Energy & Utilities to Drive Cellular Modem Market Expansion

The cellular modem market is poised for substantial growth between 2023 and 2028, with the Energy & Utilities segment expected to hold the largest market share. This trend is driven by several factors, including the increasing demand for advanced communication technologies to enhance operational efficiency, safety, and remote monitoring capabilities within the sector. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=135102534 Key Factors Driving Growth in the Energy & Utilities Segment Enhanced Communication Needs : The Energy & Utilities sector requires robust and reliable communication solutions to manage extensive networks of equipment and infrastructure. Cellular modems offer seamless connectivity, which is crucial for real-time data transmission and remote management. This capability is particularly important for ensuring the efficient operation and maintenance of energy grids, water systems, and othe...
Read more