Satellite Modem Market Opportunities and Challenges
The satellite modem market is projected to reach USD 710 million by 2026; it is expected to grow at a CAGR of 12.0% during the forecast period.
A few key factors driving the growth of this market are
rising need for enriched high-speed data communication, increase in the number
of high-throughput satellites (HTS), and growing demand for satellite
communication in internet of things (IoT).
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“The satellite modem market for MCPC satellite modem is
expected to grow at a higher CAGR from 2021 to 2026.”
The satellite modem market for MCPC channel type is expected
to grow at a higher CAGR from 2021 to 2026. The growth of this segment is
attributed to the unparalleled channel efficiency offered by these modems,
which is the core requirement of high-data-traffic applications, such as mobile
communication, internet, and broadband services. MCPC satellite modems can be
integrated with IP networks to provide seamless connection for voice, video,
and data traffic. Broadband internet services for enterprise networks are
possible through MCPC modem technology because of its high data rate capacity
over satellite technology.
“High speed data rate satellite modems expected to hold
the largest share of the satellite modem market during forecast period.”
High speed data rate satellite modems are expected to hold
the largest share of the market from 2021 to 2026. This is due to the growing
demand for high-data rate and high-bandwidth applications such as mobile &
backhaul and offshore communication. Satellite service providers enable
internet, cellular, and data network connectivity for remote locations. To keep
pace with the high demand for data while controlling operational expenses,
high-speed data rate satellite modems are necessary.
Additionally, the growing demand from the commercial and
military sectors for on-the-move communications at high data rates further
drives the market for the high-data rate satellite modems.
“The satellite modem market for transportation and
logistics end-user industry is expected to grow at the highest CAGR during the
forecast period.”
The satellite modem market for transportation and logistics
end-user industry is expected to grow at the highest CAGR during the forecast
period. In transportation and logistics, there is a constant need to transfer
real-time data, including vehicle location, traffic density, video and audio,
temperature range of vehicles transporting perishables, and emergency
notifications. To transmit and receive such data, high-speed data rate
satellite modems, which can set up a communication channel between the vehicle
and the monitoring center, are used. Satellite modems also increase the
accuracy and speed of the Global Positioning System (GPS).
“Satellite modem market in APAC to grow at highest CAGR
during the forecast period.”
In APAC, the telecommunications and oil & gas industries
are expected to drive the satellite modem market. The telecom and internet
service industries are growing in Asian countries such as India and China.
Satellite technology provides quick-to-deploy solutions and helps telecom
operators overcome geographical challenges in extending their coverage in
remote areas. The expansion of telecom connectivity in the region is
responsible for the high demand for mobile and backhaul demand, and
satellite-based backhaul.
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Comtech Telecommunications Corp. (US), ST Engineering
(Singapore), Teledyne Technologies (US), Gilat Satellite Networks Ltd.
(Israel), Viasat, Inc. (US), ORBCOMM Inc. (US), NOVELSAT (Israel), Datum
Systems (US), Hughes Network Systems (US), WORK Microwave GmbH (Germany), ND
SATCOM (Germany), Amplus Communication (Singapore), AYECKA Ltd (Israel), and
SatixFy (Israel) are few major players in satellite modem market.
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