The global mobile broadband modem market size is projected to reach US$ 48.0 billion by 2032. It is anticipated to showcase a moderate CAGR of 9.9% from 2022 to 2032. The market stood at a valuation of around US$ 18.6 billion in 2022.
The COVID-19 pandemic had accelerated the trend toward remote work, as more people than ever before have started working from home or other remote locations. Mobile broadband modems provide a reliable way for remote workers to stay connected to the internet and access company systems & applications from anywhere.
Cost of mobile data has decreased significantly in recent years, making it more affordable for consumers and businesses to access the internet on the go. It has helped to drive growth in the mobile broadband modem market, as more people are able to afford the cost of data plans and devices.
Before the pandemic, around 52% of the workforce worked from home at least once a week. Post-pandemic, however, around 80% of people are working from home at least 3 times a week.
About 16% of companies around the world have adopted permanent work from home. With increasing remote work around the world, mobile broadband modem sales are projected to elevate during the assessment period.
Mobile broadband modems are often used in internet of things (IoT) applications. IoT devices are typically connected to the internet via wireless networks. Mobile broadband modems can provide a reliable and flexible way to connect these devices to the internet.
These modems can also be used for IoT applications in remote or hard-to-reach locations where fixed-line broadband connections are not available. These can be used in IoT to provide a backup internet connection in case of a primary internet outage.
Mobile broadband modems are particularly important for IoT applications that require continuous connectivity such as security systems or industrial monitoring applications.
There were around 8.6 billion IoT connected devices in 2019, which increased to around 13 billion connected devices in 2022. It is projected that the total number of IoT connected devices would reach around 29 billion by 2030. With increasing demand for IoT around the world, need for mobile broadband modems are expected to flourish.
| Attributes | Key Insights |
|---|---|
| Mobile Broadband Modem Market Estimated Size (2022E) | US$ 18.6 billion |
| Projected Market Valuation (2032F) | US$ 48.0 billion |
| Value-based CAGR (2022 to 2032) | 9.9% |
| United States Value-based CAGR (2022 to 2032) | 8.7% |
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As per Future Market Insights (FMI), the global mobile broadband modem market is anticipated to witness a CAGR of about 9.9% from 2022 to 2032. In the historical period from 2017 to 2021, the market exhibited an astonishing CAGR of 13.1%.
With the proliferation of mobile devices such as smartphones and tablets, more people are using mobile data services to access the internet on the go. It has led to an increased demand for mobile broadband modems that can provide fast and reliable internet connectivity.
Several people travel frequently for work or leisure, and mobile broadband modems allow them to stay connected to the internet while on the move. It is particularly important for business travelers who need to access company resources and stay in touch with colleagues while on the road.
Mobile broadband modems are convenient to use and easy to set up. They allow users to access the internet without the need for cables or fixed-line broadband infrastructure. It further makes them a popular choice for people who value flexibility and mobility.
Principal Consultant
Work from Home Practice in the United States to Push Mobile Broadband USB Stick Demand
The United States mobile broadband modem market is expected to be worth US$ 7.6 billion by 2032. It is likely to create an absolute dollar growth of US$ 4.3 billion till 2032.
The United States market witnessed steady growth at a CAGR of 9.9% from 2017 to 2021. It is anticipated to propel at a CAGR of 8.7% from 2022 to 2032.
Around 26% of employees in the United States were working from home in 2022, and about 16% of the companies in the country have adopted permanent work from home. With increasing remote work in the country, demand for mobile broadband modems is projected to increase. Mobile broadband modems provide a reliable way for remote workers to stay connected to the internet and access company systems and applications from anywhere.
Increasing Online Shopping in the United Kingdom to Push Mobile Broadband Router Demand
The United Kingdom mobile broadband modem market is expected to reach a valuation of US$ 1.3 billion in 2032. It is predicted to create an absolute dollar opportunity of US$ 719.8 million in the next ten years.
The United Kingdom market showcased average growth at a CAGR of 8.4% from 2017 to 2021. It is expected to flourish at a CAGR of 8.3% in the forecast period.
With more people shopping online in the country, reliable internet connectivity is becoming increasingly important for businesses and consumers alike. Mobile broadband modems can provide a way for businesses to stay connected and process online transactions on-the-go.
Emergence of 5G Network in China to Augment Demand for Portable Broadband Modems
China mobile broadband modem market is projected to cross a valuation of US$ 12.2 billion by 2032. The country is likely to create an incremental growth opportunity of US$ 8.1 billion between 2022 and 2032.
China witnessed considerable growth at a CAGR of 15.3% from 2017 to 2021. It is expected to surge at a CAGR of 11.4% from 2022 to 2032.
China is a significant country in terms of the adoption of 5G in the world with around 42 million 5G subscribers in 2020. With rapid uptake of 5G in the country, the number of people using 5G is projected to reach around 1.3 billion by 2030.
With increasing availability of 5G technology, there is an expected surge in demand for mobile broadband modems. 5G networks are capable of delivering faster speeds and reduced latency when compared to earlier generations of mobile networks, which makes them a perfect fit for use with mobile broadband modems.
Demand for Standalone Cellular USB Modems to Surge by 2032 with High Usage of the Internet
The standalone mobile broadband modem by type is projected to witness significant growth through 2032. It exhibited growth at a CAGR of 12.6% from 2017 to 2021. It is expected to broaden at a CAGR of 9.8% from 2022 to 2032.
A standalone mobile broadband modem is a device that allows users to access the internet over a cellular network. Unlike smartphones or tablets, which have built-in cellular connectivity, standalone mobile broadband modems are dedicated devices. These are designed to provide internet access to other devices such as laptops, desktops, or routers.
Standalone mobile broadband modems usually connect to a cellular network by using a SIM card. These can provide internet access to other devices over Wi-Fi or via a physical connection such as USB or Ethernet.
These modems are typically used by people who need internet access on the go such as travelers or remote workers. These are also used in areas where traditional broadband connections such as digital subscriber line or cable are not available or unreliable.
Standalone mobile broadband modems provide a convenient and reliable way to access the internet on the go. These do not need a traditional fixed-line broadband connection or a smartphone with a data plan.
Businesses to Extensively Utilize Portable Wi-Fi Modems with Growing Remote Working Trend
Based on application, the business segment is expected to witness a prominent growth rate by 2032. It showcased steady growth at a CAGR of 12.1% from 2017 to 2021. It is anticipated to accelerate at a CAGR of 9.6% from 2022 to 2032.
Mobile broadband modems are commonly used in business settings for a variety of purposes, including remote work, backup internet connectivity, and temporary network access. These are a convenient and reliable way for remote workers to access the internet when working away from the office.
They can be especially useful for employees who travel frequently or work from remote locations where fixed-line broadband is not available. Mobile broadband modems can also serve as a backup internet connection in case of an outage or disruption to the primary broadband connection.
By having a mobile broadband modem on hand, businesses can ensure that they have a reliable backup connection to keep critical systems and applications running. A few businesses use mobile broadband modems to remotely monitor and control devices such as security cameras, vending machines, or industrial equipment.
By providing a reliable internet connection, mobile broadband modems can enable real-time monitoring and control of these devices from a central location. These also offer businesses a flexible and reliable way to stay connected to the internet and enable remote work & access to critical systems and applications.
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Key players are investing in improving the speed and reliability of their products to stay ahead of the competition. It includes optimizing network technology, upgrading hardware & software, and improving signal reception.
A few other companies are partnering with local organizations to expand their market reach and offer more value to customers. It includes collaborations with internet service providers, device manufacturers, and software companies to create comprehensive solutions.
A few recent developments in the mobile broadband modem market are:
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | US$ 18.6 billion |
| Projected Market Valuation (2032) | US$ 48.0 billion |
| Value-based CAGR (2022 to 2032) | 9.9% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (US$ billion) |
| Key Regions Covered | North America; Latin America; Europe; South Asia & Pacific; East Asia; and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, Gulf Cooperation Council Countries, Türkiye, and South Africa |
| Key Segments Covered | Type, Application, and Region |
| Key Companies Profiled | D-Link; Netgear; Motorola; TP-LINK; Cisco-Linksys; Belkin; Huawei; Hewlett-Packard; Minim Inc.; Beetel |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is valued at US$ 18.6 billion in 2023.
D-link and Motorola are key market players.
Business segment is likely to remain preferred through 2033.
Players opt for integration of advanced technologies, mergers and collaborations
China, the United States and the United Kingdom dominate the global market.
1. Executive Summary | Mobile Broadband Modem Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ billion) & Volume (Units) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ billion) & Volume (Units) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Type, 2017 to 2021
5.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Type, 2022 to 2032
5.3.1. Standalone
5.3.2. Integrated Router
5.3.3. Smartphones and Tethering
5.4. Y-o-Y Growth Trend Analysis By Type, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Type, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Application, 2017 to 2021
6.3. Current and Future Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Application, 2022 to 2032
6.3.1. Gaming
6.3.2. Business
6.3.3. Personal
6.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ billion) & Volume (Units) Analysis By Region, 2017 to 2021
7.3. Current Market Size Value (US$ billion) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
8.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
8.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
8.2.1. By Country
8.2.1.1. United States
8.2.1.2. Canada
8.2.2. By Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Application
11.4. Key Takeaways
12. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ billion) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ billion) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of Middle East and Africa
12.2.2. By Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. United States
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2021
13.1.2.1. By Type
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2021
13.2.2.1. By Type
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2021
13.3.2.1. By Type
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2021
13.4.2.1. By Type
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2021
13.5.2.1. By Type
13.5.2.2. By Application
13.6. United Kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2021
13.6.2.1. By Type
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2021
13.7.2.1. By Type
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2021
13.8.2.1. By Type
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2021
13.9.2.1. By Type
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2021
13.10.2.1. By Type
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2021
13.11.2.1. By Type
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2021
13.12.2.1. By Type
13.12.2.2. By Application
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2021
13.13.2.1. By Type
13.13.2.2. By Application
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2021
13.14.2.1. By Type
13.14.2.2. By Application
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2021
13.15.2.1. By Type
13.15.2.2. By Application
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2021
13.16.2.1. By Type
13.16.2.2. By Application
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2021
13.17.2.1. By Type
13.17.2.2. By Application
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2021
13.18.2.1. By Type
13.18.2.2. By Application
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2021
13.19.2.1. By Type
13.19.2.2. By Application
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2021
13.20.2.1. By Type
13.20.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Type
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. D-Link
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. Netgear
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Motorola
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. TP-LINK
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Cisco-Linksys
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Belkin
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Huawei
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Hewlett-Packard
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Minim Inc.
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Beetel
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Mobile Broadband Modem Market
