Global Satellite Modem Market to Reach 380 Million US$ by 2025, Increasing at a CAGR of 6.1%

Pune India - January 16, 2019 /MarketersMedia/ —

In terms of end users, the market for military & defense is expected to grow at the highest rate during the forecast period. In the military & defense industry, reliable, secure, and uninterrupted communication is crucial irrespective of the location and weather condition. For this, satellite connectivity with the help of modems is the ideal solution. Furthermore, satellite modems also help in providing secure communication by following the encryption technology, which would make modem perfectly suitable for military & defense purposes.

The US is at the forefront of adopting and installing the satellite communication network for all these industries. The satellite modem market in APAC is likely to grow at a high rate between 2018 and 2023. The increasing telecom connectivity within the region drives the demand for mobile and backhaul, and satellite-based backhaul. Also, with the growing Long-Term Evolution (LTE) technology in Asian countries and the growth of broadband services in rural areas, there would be a strong demand for satellite services in the region not only for coverage but also for acquiring new customers. Thus, the growth of satellite-based backhauling and 4G rollout offers a major opportunity for the satellite modem market in APAC.

The Satellite Modem market was valued at 240 Million US$ in 2018 and is projected to reach 380 Million US$ by 2025, at a CAGR of 6.1% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Satellite Modem.

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Key companies profiled in this report are Orbcomm, Viasat, Gilat Satellite Networks, Novelsat, Comtech Ef Data, Newtec, Datum Systems, Teledyne Paradise Datacom, Hughes Network Systems, Advantech Wireless, Work Microwave, Ayecka Communication Systems, Amplus Communication and more. Each of this company is profiled in the terms of company basic details, revenue, gross margin, product description, recent developments, etc.

Objectives of Global Satellite Modem Market report are:
• To analyze global Satellite Modem market status and forecast, involving production, revenue, consumption, historical and forecast data
• To analyse the key Satellite Modem companies and to get details of their production, revenue, market share, and recent development
• To get in depth knowledge by segmentation of data into regions, types, manufacturers and applications
• To identify the global and key regions market potential, advantage, opportunities, challenges, restraints and risks.
• To identify the factors influencing the market like trends, drivers in global and regional aspects
• To present the competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

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Satellite Modem Market is categorized on the basis of following product types:
(Each product type is covered in the terms of growth rate, production, revenue, price, forecast, etc)
By Channel Type
• Single Channel Per Carrier (SCPC) Modems
• Multiple Channel Per Carrier (MCPC) Modems

By Data Rate
• High-Speed Data Rate Modems
• Mid-Range Data Rate Modems
• Entry-Level Data Rate Modems

Satellite Modem Market is studied for the following applications:
(Each application is covered in the terms of market size growth rate, regional consumption analysis, market share, consumption forecast, etc.)
• Energy & Utilities
• Mining
• Telecommunication
• Marine
• Military & Defense
• Transportation & Logistics
• Oil & Gas
• Other

Satellite Modem Market: Production Segmentation by Regions covered for followings:
• United States
• Europe
• China
• Japan
• Other Regions

Satellite Modem Market: Consumption Segmentation by Regions covered for followings:
• North America (United States, Canada, Mexico)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam)
• Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
• Central & South America (Brazil, Rest of South America)
• Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Rest of Middle East & Africa)

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Release ID: 470980