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.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
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.
Principal Consultant
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.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
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. |
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.
1. Executive Summary | Satellite Modem Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Data Rate 5.1. High-speed Data Rate Modem 5.2. Mid-range Data Rate Modem 5.3. Entry-Level Data Rate Modem 6. Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Mobile & Backhaul 6.2. Offshore Communications 6.3. Tracking and Monitoring 6.4. IP Trunking 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User 7.1. Telecommunication 7.2. Marine 7.3. Military and Defence 7.4. Transportation & Logistics 7.5. Energy & Utilities 7.6. Mining 7.7. Oil & Gas 7.8. Others 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. ORBCOMM INC. 16.2. ViaSat Inc. 16.3. Gilat Satellite Networks Ltd 16.4. SatixFy 16.5. Datum Systems Inc. 16.6. Teledyne Paradise Datacom 16.7. Comtech EF Data Corporation 16.8. Advantech Wireless 16.9. WORK Microwave GmbH 16.10. NovelSat 16.11. ST Engineering 16.12. Hughes Network Systems 16.13. Amplus Communication 17. Assumptions & Acronyms Used 18. Research Methodology
Explore Technology Insights
View Reports
Satellite Modem Market
