Satellite Modems Market Analysis and Global Forecast 2021-2034
Price range: $ 1,390.00 through $ 5,520.00
Satellite Modems Market Research Report: By Technology (VSAT, Satellite Telemetry), By Network Device (Gateway, Satellite IP terminals), By Vertical (Transportation & Logistics, Agriculture, Oil & Gas, Others), and by Region — Forecast till 2034
Page: 113
Satellite Modems Market Overview
The Satellite Modems Market Size is expected to reach USD 1.65 Billion by 2034. The Satellite Modems Market industry size accounted for USD 0.35 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 9.51% from 2021 to 2034. The satellite modems market involves the production and sale of devices that facilitate communication between satellites and ground-based systems. These modems are critical for various applications, including data transmission, voice communication, and internet access, especially in remote or underserved areas. They work by modulating and demodulating signals sent via satellite, ensuring reliable and efficient data transfer. The market is driven by increasing demand for satellite communication services, advancements in technology, and the growing need for connectivity in diverse sectors like aerospace, defense, maritime, and telecommunications. Key factors influencing the market include technological innovations, the expansion of satellite constellations, and government investments in satellite infrastructure.
Global Satellite Modems Market Synopsis
Global Satellite Modems Market Dynamics
The major factors that have impacted the growth of Satellite Modems are as follows:
Drivers:
⮚    Advancements in Satellite Technology
Technological innovations, such as the development of high-throughput satellites (HTS) and low Earth orbit (LEO) satellite constellations, are enhancing satellite communication capabilities. These advancements require advanced satellite modems to efficiently handle increased data speeds and bandwidth.
Restraint:
- High Cost of Satellite Infrastructure
The significant capital investment required for satellite infrastructure, including the launch and maintenance of satellites, can be a major constraint. This high cost impacts the overall affordability and accessibility of satellite modems, especially for smaller organizations or developing regions.
Opportunity:
⮚    Technological Advancements
Innovations in satellite modem technology, such as software-defined radios, multi-band operation, and improved modulation techniques, create opportunities for enhanced performance and functionality. These advancements can lead to more efficient data transmission, higher speeds, and better reliability, driving adoption across various sectors.
Satellite Modems Market Segment Overview
By Technology
Based on the Technology, the market is segmented based on VSAT, Satellite Telemetry. the VSAT (Very Small Aperture Terminal) segment typically dominates due to its widespread use in various industries for reliable, long-distance communication and data transmission. VSAT technology is preferred for applications such as remote connectivity, broadband internet access, and enterprise networks, making it more prominent than satellite telemetry.
By Network Device
Based on the Network Device, the market has been divided into (Gateway, Satellite IP terminals. satellite IP terminals typically dominate due to their widespread use in providing direct satellite connectivity for various applications, including mobile, maritime, and remote communication.
By Verticals
Based on Verticals, the market has been divided into Transportation & Logistics, Agriculture, Oil & Gas, Others. the transportation and logistics vertical often dominates due to its extensive need for reliable, global communication for fleet management, real-time tracking, and operational efficiency in remote locations.
Global Satellite Modems Market Regional Analysis
Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of Satellite Modems, followed by those in Asia-Pacific and Europe.
Satellite Modems North America Market
North America dominates the Satellite Modems market due to several factors. Over the course of the forecast period, the satellite market is anticipated to be led by the Asia-Pacific region. Over the course of the projection period, the expansion of the regional market will be fueled by the increasing use of satellite antennas in the communications, IT, aerospace, and automotive industries. In addition, the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil are among the important nations covered in the market analysis.
Satellite Modems Asia Pacific Market
The Asia-Pacific region has been witnessing remarkable growth in recent years. Over the course of the forecast period, the satellite market in North America is anticipated to have the second-largest market share. The industry is driven throughout the region by major businesses including Lockheed Martin Corporation, Northrop Grumman, L3Harris Technologies, Inc., Boeing, and others, as well as by the United States government’s increased investment in the space sector.
Competitive Landscape
The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as Newtec, Iridium Communications Inc., C-DOT, Thuraya Telecommunications Company, and VT iDirect, Inc. are some of the leading players in the global Satellite Modems Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.
Key Market Players:
- Newtec
- Iridium Communications Inc.
- C-DOT
- Thuraya Telecommunications Company
- VT iDirect, Inc.
- Singapore Technologies Engineering Ltd.
- ViaSat Inc.
- Teledyne Paradise Datacom
- Hughes Network Systems LLC
- Comtech EF Data Corporation
Key development:
In September 2022, Singapore Technologies Engineering Ltd. made a key development by unveiling a new generation of satellite communication solutions, enhancing their capabilities in providing high-speed, reliable connectivity for various applications.
Scope of the Report
Global Satellite Modems Market, by Technology
- VSAT
- Satellite Telemetry
Global Satellite Modems Market, by Network Device
- Gateway
- Satellite IP terminals
Global Satellite Modems Market, by Verticals
- Transportation & Logistics
- Agriculture
- Oil & Gas
- Others
Global Satellite Modems Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Benelux
- Nordic
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Indonesia
- Austalia
- Malaysia
- India
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of Middle East & Africa
| Parameters | Indicators |
|---|---|
| Market Size | 2034: USD 1.65 Billion |
| CAGR (2021-2034) | 9.51% |
| Base year | 2023 |
| Forecast Period | 2021-2034 |
| Historical Data | 2021 (2017 to 2020 On Demand) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Segmentations | Technology, Network Device, Verticals |
| Geographies Covered | North America, Europe, Asia-Pacific, South America, Middle East, Africa. |
| Key Vendors | Newtec, Iridium Communications Inc., C-DOT, Thuraya Telecommunications Company, VT iDirect, Inc., Singapore Technologies Engineering Ltd., ViaSat Inc., Teledyne Paradise Datacom, Hughes Network Systems LLC, Comtech EF Data Corporation |
| Key Market Opportunities | ·      The rise in demand for Direct-To-Home (DTH) television services |
| Key Market Drivers | ·      The continuous growth of video distribution and internet access, as well as a surge in demand for digital television |
REPORT CONTENT BRIEF:
- High-level analysis of the current and future Satellite Modems market trends and opportunities
- Detailed analysis of current market drivers, restraining factors, and opportunities in the future
- Satellite Modems market historical market size for the year 2022, and forecast from 2021 to 2034
- Satellite Modems market share analysis at each product level
- Competitor analysis with detailed insight into its product segment, Government & Defense strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
- To identify and understand the various factors involved in the global Satellite Modems market affected by the pandemic
- To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
Frequently Asked Questions (FAQ)
What are the 10 Years CAGR (2021 to 2034) of the global Satellite Modems market?
The global Satellite Modems market is growing at a CAGR of ~9.51% over the next 10 years
Which region has the highest growth rate in the market of Satellite Modems?
Asia Pacific is expected to register the highest CAGR during 2021-2034
Which region accounted for the largest share of the market of Satellite Modems?
North America holds the largest share in 2023
Major Key Players in the Market of Satellite Modems?
Newtec, Iridium Communications Inc., C-DOT, Thuraya Telecommunications Company, VT iDirect, Inc., Singapore Technologies Engineering Ltd., ViaSat Inc., Teledyne Paradise Datacom, Hughes Network Systems LLC, Comtech EF Data Corporation
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Yes, we offer 16 hours of analyst support to solve the queries
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Table of Content
CHAPTER 1. Executive Summary CHAPTER 2. Scope of the Study 2.1. Market Definition 2.2. Market Scope & Segmentation 2.2.1. Objective of Report CHAPTER 3. Evolve BI Methodology 3.1. Data Collection & Validation Approach 3.2. Market Size Estimation and Forecast CHAPTER 4. Exclusive Analysis 4.1. Market Opportunity Score 4.1.1. Technology Segement – Market Opportunity Score 4.1.2. Network Device Segment – Market Opportunity Score 4.1.3. Verticals Segment – Market Opportunity Score 4.2. Key Market Influencing Indicators CHAPTER 5. Market Insights and Trends 5.1. Value Chain Analysis 5.1.1. Raw Material 5.1.2. Manufacturing Process 5.1.3. Distribution Channel 5.1.4. End User 5.2. Porter’s Five Forces Analysis 5.2.1. Bargaining Power of Buyers 5.2.2. Bargaining Power of Suppliers 5.2.3. Threat of New Entrant 5.2.4. Threat of Substitute 5.2.5. Industry Rivalry 5.3. COVID-19 Impact and Post COVID Scenario on Satellite Modems Market 5.3.1. Impact of COVID-19 5.3.2. Government Support and Industry Revival Policies 5.3.3. Measures Taken by Companies to Mitigate Negative Impact 5.3.4. Post COVID Trend CHAPTER 6. MArket Dynamics 6.1. Introduction 6.2. Drivers 6.2.1. Driver 1 6.2.2. Driver 2 6.2.3. Driver 3 6.3. Restraints 6.3.1. Restraint 1 6.3.2. Restraint 2 6.4. Opportunity 6.4.1. Opportunity 1 CHAPTER 7. Global Satellite Modems Market, By Technology 7.1. Introduction 7.1.1. VSAT 7.1.2. Satellite Telemetry CHAPTER 8. Global Satellite Modems Market, By Network Device 8.1. Introduction 8.1.1. Gateway 8.1.2. Satellite IP terminals CHAPTER 9. Global Satellite Modems Market, By Verticals 9.1. Introduction 9.1.1. Transportation & Logistics 9.1.2. Agriculture 9.1.3. Oil & Gas 9.1.4. Others CHAPTER 10. Global Satellite Modems Market, By Region 10.1. Introduction 10.2. NORTH AMERICA 10.2.1. North America: Market Size and Forecast, By Country, 2021 – 2034 ($ Million) 10.2.2. North America: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.2.3. North America: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.2.4. North America: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.2.5. US 10.2.5.1. US: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.2.5.2. US: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.2.5.3. US: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.2.6. CANADA 10.2.6.1. Canada: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.2.6.2. Canada: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.2.6.3. Canada: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.2.7. MEXICO 10.2.7.1. Mexico: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.2.7.2. Mexico: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.2.7.3. Mexico: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.3. Europe 10.3.1. Europe: Market Size and Forecast, By Country, 2021 – 2034 ($ Million) 10.3.2. Europe: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.3.3. Europe: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.3.4. Europe: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.3.5. U.K. 10.3.5.1. U.K.: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.3.5.2. U.K.: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.3.5.3. U.K.: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.3.6. GERMANY 10.3.6.1. Germany: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.3.6.2. Germany: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.3.6.3. Germany: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.3.7. FRANCE 10.3.7.1. France: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.3.7.2. France: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.3.7.3. France: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.3.8. ITALY 10.3.8.1. Italy: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.3.8.2. Italy: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.3.8.3. Italy: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.3.9. SPAIN 10.3.9.1. Spain: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.3.9.2. Spain: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.3.9.3. Spain: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.3.10. BENELUX 10.3.10.1. BeNeLux: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.3.10.2. BeNeLux: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.3.10.3. BeNeLux: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.3.11. RUSSIA 10.3.11.1. Russia: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.3.11.2. Russia: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.3.11.3. Russia: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.3.12. REST OF EUROPE 10.3.12.1. Rest of Europe: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.3.12.2. Rest of Europe: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.3.12.3. Rest of Europe: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.4. Asia Pacific 10.4.1. Asia Pacific: Market Size and Forecast, By Country, 2021 – 2034 ($ Million) 10.4.2. Asia Pacific: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.4.3. Asia Pacific: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.4.4. Asia Pacific: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.4.5. CHINA 10.4.5.1. China: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.4.5.2. China: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.4.5.3. China: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.4.6. JAPAN 10.4.6.1. Japan: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.4.6.2. Japan: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.4.6.3. Japan: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.4.7. INDIA 10.4.7.1. India: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.4.7.2. India: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.4.7.3. India: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.4.8. SOUTH KOREA 10.4.8.1. South Korea: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.4.8.2. South Korea: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.4.8.3. South Korea: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.4.9. THAILAND 10.4.9.1. Thailand: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.4.9.2. Thailand: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.4.9.3. Thailand: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.4.10. INDONESIA 10.4.10.1. Indonesia: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.4.10.2. Indonesia: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.4.10.3. Indonesia: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.4.11. MALAYSIA 10.4.11.1. Malaysia: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.4.11.2. Malaysia: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.4.11.3. Malaysia: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.4.12. AUSTRALIA 10.4.12.1. Australia: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.4.12.2. Australia: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.4.12.3. Australia: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.4.13. REST FO ASIA PACIFIC 10.4.13.1. Rest fo Asia Pacific: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.4.13.2. Rest fo Asia Pacific: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.4.13.3. Rest fo Asia Pacific: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.5. South America 10.5.1. South America: Market Size and Forecast, By Country, 2021 – 2034 ($ Million) 10.5.2. South America: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.5.3. South America: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.5.4. South America: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.5.5. BRAZIL 10.5.5.1. Brazil: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.5.5.2. Brazil: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.5.5.3. Brazil: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.5.6. ARGENTINA 10.5.6.1. Argentina: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.5.6.2. Argentina: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.5.6.3. Argentina: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.5.7. REST OF SOUTH AMERICA 10.5.7.1. Rest of South America: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.5.7.2. Rest of South America: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.5.7.3. Rest of South America: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.6. Middle East & Africa 10.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2021 – 2034 ($ Million) 10.6.2. Middle East & Africa: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.6.3. Middle East & Africa: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.6.4. Middle East & Africa: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.6.5. SAUDI ARABIA 10.6.5.1. Saudi Arabia: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.6.5.2. Saudi Arabia: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.6.5.3. Saudi Arabia: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.6.6. UAE 10.6.6.1. UAE: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.6.6.2. UAE: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.6.6.3. UAE: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.6.7. EGYPT 10.6.7.1. Egypt: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.6.7.2. Egypt: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.6.7.3. Egypt: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.6.8. SOUTH AFRICA 10.6.8.1. South Africa: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.6.8.2. South Africa: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.6.8.3. South Africa: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) 10.6.9. REST OF MIDDLE EAST & AFRICA 10.6.9.1. Rest of Middle East & Africa: Market Size and Forecast, By Technology, 2021 – 2034 ($ Million) 10.6.9.2. Rest of Middle East & Africa: Market Size and Forecast, By Network Device, 2021 – 2034 ($ Million) 10.6.9.3. Rest of Middle East & Africa: Market Size and Forecast, By Verticals, 2021 – 2034 ($ Million) CHAPTER 12. Competitive Landscape 12.1. Competitior Benchmarking 2021 12.2. Market Share Analysis 12.3. Key Developments Analysis By Top 5 Companies 12.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players CHAPTER 13. Company Profiles 13.1. Newtec 13.1.1. Business Overview 13.1.2. Financial Analysis 13.1.2.1. Business Segment Revenue, 2020, 2021, 2022, $ Million 13.1.2.2. Geographic Revenue Mix, 2022 (% Share) 13.1.3. Product Portfolio 13.1.4. Recent Development and Strategies Adopted 13.1.5. SWOT Analysis 13.2. Iridium Communications Inc. 13.3. C-DOT 13.4. Thuraya Telecommunications Company 13.5. VT iDirect, Inc. 13.6. Singapore Technologies Engineering Ltd. 13.7. ViaSat Inc. 13.8. Teledyne Paradise Datacom 13.9. Hughes Network Systems LLC 13.10. Genie AI Ltd
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