The global satellite modem market demand is anticipated to rise at a CAGR of 15.4% through 2032. The market revenue is likely to be valued at USD 450 Million in 2022 and exhibit a revenue growth of USD 1,890 Million by 2032.
Technological advancements in the manufacturing of next-generation smartphones, advancements in the infrastructures, and integration of technology with the existing on-premise applications to cloud networks are expected to promote satellite modem market growth. However, the latency issue with satellite modems can delay the tasks of several users, which is likely to hinder the demand for satellite modems.
| Report Attribute | Details |
|---|---|
| Satellite Modem Market Value (2022) | USD 450 Million |
| Satellite Modem Market Anticipated Value (2032) | USD 1,890 Million |
| Satellite Modem Projected Growth Rate (2032) | 15.4% |
Increasing demand for communications development from consumers and richer data transmission is expected to surge the demand for satellite modems. Various manufacturers are designing high-speed satellite modems. This is expected to be 10-30 times faster than traditional dial-up.
Achieving seamless and error-free data and video connection requires satellite modems from MCPC to connect to IP networks. Moreover, the trend of digitization in the Internet of Things (IoT) solutions is growing in popularity. In addition, high-throughput satellites (HTS) are coupled with the increasing demand for high-speed data communication. These are expected to drive the growth of the market globally majorly.
Communication system quality and aiding data security are improved owing to infinite employee mobility, reliable phone service, and a powerful end-to-end unified communications system. These are huge benefits provided by IP-trunking through the adoption of a satellite modem.
There is an increasing requirement from various verticals for high-speed data communication and solutions for vehicle tracking, asset monitoring, and fleet management. This is likely to expand the market size.
High-speed network communication solutions across military, defense, enterprise, and government sectors are expected to promote market growth. In addition, the sales of satellite modems are expected to surge owing to the growing popularity of the internet, digital communication, high-speed data transfer, and global transfer. The satellite modem has widespread usage in the telecommunication industry for a secured high-speed connection. Mobile and telecom operators further deploy satellite modems owing to their efficiency despite uncertain weather conditions.
Network outages along the infrastructure due to terrestrial networks, such as cable or DSL, can be avoided by adopting a satellite modem. A complete satellite network works independently of terrestrial infrastructure and maintains prolonged connectivity. The cost efficiency of satellite modems is favorable during the lack of terrestrial connectivity. Likewise, the deployment and installation of satellite antennas require minimal duration.
The rise in demand for high bandwidth applications is unable to be met by enterprises. This is expected to hinder the sales of satellite modems. Furthermore, ambiguity in the regulatory framework governing satellite communications techniques and standards poses a major challenge for satellite operators.
Small satellite operators unfamiliar with the L, S, C, Ku, and Ka bands associated with satellite internet, face difficulties in manufacturing satellite modems for different countries or regions, incorporated with all the standards and communication protocols. Moreover, national authorities fail to provide a harmonized approach to licensing and frequency authorizations, further curbing the market growth.
The lack of international regulations on communication standards and common protocols for satellite internet is likely to hamper the demand for satellite modems. Additionally, cybersecurity breaches have increased across the globe due to the advent of technology and the implementation of 5G networks. This negatively impacts the market.
Key market players implementing plans to build satellite constellations using smaller satellites present a productive opportunity for the satellite modem market share. Further growth opportunities in the satellite modem market are attributed to the rising demand for connected healthcare devices, home devices, and connected automobiles.
The market is expected to witness significant growth through mobile technologies being paired with satellites, as well as the advent of the Internet of Things (IoT) in satellite communications. Moreover, mergers and acquisitions amongst key players further contribute to market growth.
MCPC's modern technology significantly contributes to the market growth owing to its ability to deliver finer broadband internet services and high data rate capacity. Likewise, SOTM terminals deployed in business applications additionally expand the market size.
North America is the leading satellite modem market, with a significant revenue of 34.3%. This is due to video and voice communications in military applications requiring critical decisions, which is increasing the demand for satellite communication.
Other major industries, such as oil & gas, military & defense, marine, etc., requiring voice, video, and data communication for critical and effective decision-making surge the market growth. In addition to this, the technological developments of major satellite launching enterprises, such as SpaceX and NASA, further contribute to market progress.
The Asia Pacific is expected to showcase significant growth in the satellite modem market. This is on account of developing telecom connectivity, satellite-based backhauling, and 4G rollout in this region.
With the growth of Long-Term Evolution (LTE) technology in various Asian countries, along with the growth of broadband services in rural areas, satellite services to increase customer base are increasing in demand.
High-speed network communication is a growing requirement in every sector. There are a lot of criteria regarding the features of satellite modems that manufacturers have to keep in mind to cater to every consumer need. This includes better streaming services, capabilities for multiple device usage, the ability to withstand extreme weather conditions, etc.
By virtue of technological developments, these attributes can gradually be met. Naturally, start-up companies are implementing existing features of satellite internet with newer innovations to stand out in the market and improve the credibility of satellite modems.
Several start-up companies such as Gravity Internet, Numerisat, GalaxySpace, Swarm Engineers, Orbitare, LeoLabs, Akash Systems, Cesium Astro, etc. are administering various strategies such as 4x high-speed satellite internet, eco-friendly satellite internet, satellite constellation, IoT satellite connectivity, nanosatellites, etc. These will contribute significantly to the satellite modem market growth.
The satellites are deployed in various industries, including agri-tech, maritime, energy, and ground transportation. These industries require faster upload speeds and seamless file sharing and backups. The ability to resist the change in weather patterns is also significantly in demand. Hence, several key players in the satellite modem market share are conducting research and development activities to initiate continuous innovations and meet these requirements.
Key market players of the satellite modem market:
Some of the recent developments in the satellite modem market are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 15.4% from 2022 to 2032 |
| The base year for estimation | 2021 |
| Historical data | 2016 to 2021 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments Covered | Data Rate, Application, End User, and Region. |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia, and New Zealand |
| Country scope | United States of America, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key companies profiled | ORBCOMM INC.; ViaSat Inc.; Gilat Satellite Networks Ltd.; Newtec Cy N.V.; Teledyne Paradise Datacom; Comtech EF Data Corporation; WORK Microwave GmbH; ST Engineering; Teledyne Technologies; NOVELSAT; Hughes Network Systems; ND SATCOM; SatixFy; Ayecka Communication Systems Ltd.; Amplus Communication Pvt. Ltd.; Iridium Communications Inc.; C-DOT; Thuraya Telecommunications Company; VT iDirect Inc; Singapore Technologies Engineering Ltd.; Newtec CY N.V.; Advantech Wireless; Rohde & Schwarz Inradios Gmbh; Satcom Resources; Satexpander; Datum Systems Inc. |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Volume (Units) Forecast by Region, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Data Rate, 2017 to 2032
Table 4: Global Market Volume (Units) Forecast by Data Rate, 2017 to 2032
Table 5: Global Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 6: Global Market Volume (Units) Forecast by Application, 2017 to 2032
Table 7: Global Market Value (US$ Million) Forecast by End User, 2017 to 2032
Table 8: Global Market Volume (Units) Forecast by End User, 2017 to 2032
Table 9: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 10: North America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 11: North America Market Value (US$ Million) Forecast by Data Rate, 2017 to 2032
Table 12: North America Market Volume (Units) Forecast by Data Rate, 2017 to 2032
Table 13: North America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 14: North America Market Volume (Units) Forecast by Application, 2017 to 2032
Table 15: North America Market Value (US$ Million) Forecast by End User, 2017 to 2032
Table 16: North America Market Volume (Units) Forecast by End User, 2017 to 2032
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 18: Latin America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 19: Latin America Market Value (US$ Million) Forecast by Data Rate, 2017 to 2032
Table 20: Latin America Market Volume (Units) Forecast by Data Rate, 2017 to 2032
Table 21: Latin America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 22: Latin America Market Volume (Units) Forecast by Application, 2017 to 2032
Table 23: Latin America Market Value (US$ Million) Forecast by End User, 2017 to 2032
Table 24: Latin America Market Volume (Units) Forecast by End User, 2017 to 2032
Table 25: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 26: Europe Market Volume (Units) Forecast by Country, 2017 to 2032
Table 27: Europe Market Value (US$ Million) Forecast by Data Rate, 2017 to 2032
Table 28: Europe Market Volume (Units) Forecast by Data Rate, 2017 to 2032
Table 29: Europe Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 30: Europe Market Volume (Units) Forecast by Application, 2017 to 2032
Table 31: Europe Market Value (US$ Million) Forecast by End User, 2017 to 2032
Table 32: Europe Market Volume (Units) Forecast by End User, 2017 to 2032
Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2017 to 2032
Table 35: Asia Pacific Market Value (US$ Million) Forecast by Data Rate, 2017 to 2032
Table 36: Asia Pacific Market Volume (Units) Forecast by Data Rate, 2017 to 2032
Table 37: Asia Pacific Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 38: Asia Pacific Market Volume (Units) Forecast by Application, 2017 to 2032
Table 39: Asia Pacific Market Value (US$ Million) Forecast by End User, 2017 to 2032
Table 40: Asia Pacific Market Volume (Units) Forecast by End User, 2017 to 2032
Table 41: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 42: Middle East and Africa Market Volume (Units) Forecast by Country, 2017 to 2032
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Data Rate, 2017 to 2032
Table 44: Middle East and Africa Market Volume (Units) Forecast by Data Rate, 2017 to 2032
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 46: Middle East and Africa Market Volume (Units) Forecast by Application, 2017 to 2032
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by End User, 2017 to 2032
Table 48: Middle East and Africa Market Volume (Units) Forecast by End User, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Data Rate, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Application, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by End User, 2022 to 2032
Figure 4: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 6: Global Market Volume (Units) Analysis by Region, 2017 to 2032
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 9: Global Market Value (US$ Million) Analysis by Data Rate, 2017 to 2032
Figure 10: Global Market Volume (Units) Analysis by Data Rate, 2017 to 2032
Figure 11: Global Market Value Share (%) and BPS Analysis by Data Rate, 2022 to 2032
Figure 12: Global Market Y-o-Y Growth (%) Projections by Data Rate, 2022 to 2032
Figure 13: Global Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 14: Global Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 15: Global Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 16: Global Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 17: Global Market Value (US$ Million) Analysis by End User, 2017 to 2032
Figure 18: Global Market Volume (Units) Analysis by End User, 2017 to 2032
Figure 19: Global Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 20: Global Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 21: Global Market Attractiveness by Data Rate, 2022 to 2032
Figure 22: Global Market Attractiveness by Application, 2022 to 2032
Figure 23: Global Market Attractiveness by End User, 2022 to 2032
Figure 24: Global Market Attractiveness by Region, 2022 to 2032
Figure 25: North America Market Value (US$ Million) by Data Rate, 2022 to 2032
Figure 26: North America Market Value (US$ Million) by Application, 2022 to 2032
Figure 27: North America Market Value (US$ Million) by End User, 2022 to 2032
Figure 28: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 30: North America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 33: North America Market Value (US$ Million) Analysis by Data Rate, 2017 to 2032
Figure 34: North America Market Volume (Units) Analysis by Data Rate, 2017 to 2032
Figure 35: North America Market Value Share (%) and BPS Analysis by Data Rate, 2022 to 2032
Figure 36: North America Market Y-o-Y Growth (%) Projections by Data Rate, 2022 to 2032
Figure 37: North America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 38: North America Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 39: North America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 40: North America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 41: North America Market Value (US$ Million) Analysis by End User, 2017 to 2032
Figure 42: North America Market Volume (Units) Analysis by End User, 2017 to 2032
Figure 43: North America Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 44: North America Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 45: North America Market Attractiveness by Data Rate, 2022 to 2032
Figure 46: North America Market Attractiveness by Application, 2022 to 2032
Figure 47: North America Market Attractiveness by End User, 2022 to 2032
Figure 48: North America Market Attractiveness by Country, 2022 to 2032
Figure 49: Latin America Market Value (US$ Million) by Data Rate, 2022 to 2032
Figure 50: Latin America Market Value (US$ Million) by Application, 2022 to 2032
Figure 51: Latin America Market Value (US$ Million) by End User, 2022 to 2032
Figure 52: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 54: Latin America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 57: Latin America Market Value (US$ Million) Analysis by Data Rate, 2017 to 2032
Figure 58: Latin America Market Volume (Units) Analysis by Data Rate, 2017 to 2032
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Data Rate, 2022 to 2032
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Data Rate, 2022 to 2032
Figure 61: Latin America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 62: Latin America Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 65: Latin America Market Value (US$ Million) Analysis by End User, 2017 to 2032
Figure 66: Latin America Market Volume (Units) Analysis by End User, 2017 to 2032
Figure 67: Latin America Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 69: Latin America Market Attractiveness by Data Rate, 2022 to 2032
Figure 70: Latin America Market Attractiveness by Application, 2022 to 2032
Figure 71: Latin America Market Attractiveness by End User, 2022 to 2032
Figure 72: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 73: Europe Market Value (US$ Million) by Data Rate, 2022 to 2032
Figure 74: Europe Market Value (US$ Million) by Application, 2022 to 2032
Figure 75: Europe Market Value (US$ Million) by End User, 2022 to 2032
Figure 76: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 78: Europe Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 81: Europe Market Value (US$ Million) Analysis by Data Rate, 2017 to 2032
Figure 82: Europe Market Volume (Units) Analysis by Data Rate, 2017 to 2032
Figure 83: Europe Market Value Share (%) and BPS Analysis by Data Rate, 2022 to 2032
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Data Rate, 2022 to 2032
Figure 85: Europe Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 86: Europe Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 87: Europe Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 89: Europe Market Value (US$ Million) Analysis by End User, 2017 to 2032
Figure 90: Europe Market Volume (Units) Analysis by End User, 2017 to 2032
Figure 91: Europe Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 92: Europe Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 93: Europe Market Attractiveness by Data Rate, 2022 to 2032
Figure 94: Europe Market Attractiveness by Application, 2022 to 2032
Figure 95: Europe Market Attractiveness by End User, 2022 to 2032
Figure 96: Europe Market Attractiveness by Country, 2022 to 2032
Figure 97: Asia Pacific Market Value (US$ Million) by Data Rate, 2022 to 2032
Figure 98: Asia Pacific Market Value (US$ Million) by Application, 2022 to 2032
Figure 99: Asia Pacific Market Value (US$ Million) by End User, 2022 to 2032
Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Data Rate, 2017 to 2032
Figure 106: Asia Pacific Market Volume (Units) Analysis by Data Rate, 2017 to 2032
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Data Rate, 2022 to 2032
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Data Rate, 2022 to 2032
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 110: Asia Pacific Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 113: Asia Pacific Market Value (US$ Million) Analysis by End User, 2017 to 2032
Figure 114: Asia Pacific Market Volume (Units) Analysis by End User, 2017 to 2032
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 117: Asia Pacific Market Attractiveness by Data Rate, 2022 to 2032
Figure 118: Asia Pacific Market Attractiveness by Application, 2022 to 2032
Figure 119: Asia Pacific Market Attractiveness by End User, 2022 to 2032
Figure 120: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 121: Middle East and Africa Market Value (US$ Million) by Data Rate, 2022 to 2032
Figure 122: Middle East and Africa Market Value (US$ Million) by Application, 2022 to 2032
Figure 123: Middle East and Africa Market Value (US$ Million) by End User, 2022 to 2032
Figure 124: Middle East and Africa Market Value (US$ Million) by Country, 2022 to 2032
Figure 125: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 126: Middle East and Africa Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 127: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 128: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 129: Middle East and Africa Market Value (US$ Million) Analysis by Data Rate, 2017 to 2032
Figure 130: Middle East and Africa Market Volume (Units) Analysis by Data Rate, 2017 to 2032
Figure 131: Middle East and Africa Market Value Share (%) and BPS Analysis by Data Rate, 2022 to 2032
Figure 132: Middle East and Africa Market Y-o-Y Growth (%) Projections by Data Rate, 2022 to 2032
Figure 133: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 134: Middle East and Africa Market Volume (Units) Analysis by Application, 2017 to 2032
Figure 135: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 136: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 137: Middle East and Africa Market Value (US$ Million) Analysis by End User, 2017 to 2032
Figure 138: Middle East and Africa Market Volume (Units) Analysis by End User, 2017 to 2032
Figure 139: Middle East and Africa Market Value Share (%) and BPS Analysis by End User, 2022 to 2032
Figure 140: Middle East and Africa Market Y-o-Y Growth (%) Projections by End User, 2022 to 2032
Figure 141: Middle East and Africa Market Attractiveness by Data Rate, 2022 to 2032
Figure 142: Middle East and Africa Market Attractiveness by Application, 2022 to 2032
Figure 143: Middle East and Africa Market Attractiveness by End User, 2022 to 2032
Figure 144: Middle East and Africa Market Attractiveness by Country, 2022 to 2032
The satellite modem market is anticipated to accumulate a CAGR of 15.4% during the forecast period.
An increasing requirement from various verticals for high-speed internet/data communication.
By 2032, the market is likely to grow to a revenue of USD 1,890 Million.
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