A satellite modem is a device that allows data to be transferred through a satellite.
Covid-19 Impact & Market Status
In recent years, the globe has witnessed an unprecedented COVID-19 outbreak, which has had a devastating impact on the global community. All industries around the world have been badly impacted, causing major disruptions in manufacturing and supply chains in a variety of businesses.
Furthermore, the global population is affected because many people have lost their employment and their spending capacity has reduced as a result. Almost every sector in the world has experienced a setback in recent years.
The value of the Satellite Modem market is projected to grow to $1,004.4 Million with an estimated CAGR of 14.4% by 2028
.jpg "The Global Satellite Modem Market 2018-2028 (USD Million)")
The aforementioned factors are projected to have an impact on the worldwide satellite modem market revenue over the forecast period. However, when the individual governments begin to loosen the tight laws, the market is expected to rise at a faster rate.
The COVID-19 epidemic has had a severe influence on the global satellite modem business in recent months. Various markets around the world have seen significant losses, and the satellite modem business is no exception.
The emergence of COVID-19 has enhanced the growth of the satellite modem industry significantly, owing to a lack of trained workers, project delays or cancellations, and global partial or complete lockdown.
The military & defence segment will grow at a rapid pace
The Military & Defense category is predicted to have the greatest market share, as dependable, secure, and uninterrupted communication is critical in the military & defence business, regardless of location or weather conditions.
The high-speed data rate modems segment will grow at a rapid pace
Due to the growing requirement for high-speed communication in applications such as offshore communication and mobile and backhaul, the high-speed data rate modems are expected to grow at the fastest rate during the forecast period.
The tracking and monitoring market will expand quickly
Tracking and monitoring are used to manage and track essential information such as fuel consumption, real-time location, and vehicle speed in industries such as maritime, transportation & logistics, and military & defence, and are predicted to increase at the quickest pace throughout the forecasted period.
The North American Market will grow at a rapid pace
North America will dominate the market due to increased demand for satellite modems from key industries such as oil & gas, maritime, and military & defence, where voice, video, and data communication is crucial for quick decision-making.
A satellite modem's job is to transform a radio signal into a bitstream and vice versa.
A satellite modem, sometimes known as a satellite modem, is an improved communication solution that establishes data connections using a communications satellite as a relay.
A satellite modem's primary job is to transform an input bitstream into a radio signal and vice versa. Furthermore, in communication, satellite internet modems are designed to utilize artificial satellites to provide communication links between various sites on the globe.
Moreover, throughout the projected period, the development in the trend of digitalization in the Internet of Things solutions would considerably fuel the satellite modem market opportunity. Satellite Modes allow for connectivity in remote places where cable connections are unavailable.
Military and defense applications for satellite modems are numerous. The growing usage of digital and internet communication is assisting the market's growth.
In order to maintain their competitive position in the industry, satellite modem businesses are working on providing better and more efficient solutions. The market is likely to be driven by rising internet popularity, high-speed data transfer, and global transfer, while high deployment costs are expected to be a major stumbling block.
The satellite modem market is dominated by Teledyne Technologies, ST Engineering, Amplus Communication, ND SATCOM, Gilat Satellite Networks Ltd., ORBCOMM Inc., Comtech Telecommunications Corp., Viasat, Inc., NOVELSAT, Datum Systems, Hughes Network Systems, WORK Microwave GmbH, and AYECKA.
Latest Innovations in the Global Satellite Modem Market: a Snapshot
• ST Engineering iDirect, a subsidiary of ST Engineering, and Intelsat, the world's leading integrated satellite and terrestrial network operator, announced a long-term partnership with a local VSAT service provider in June 2021 to expand the provision of broadband internet services across the Philippines using the iDirect Evolution platform, which includes a satellite modem.
• The CDM-650 Satellite Modem was introduced in March 2021 by Comtech EF Data Corp., a division of Comtech Telecommunications Corp. It is based on the SLM-5650B/C, CDM-625A, and CDM-425 modems from Comtech, which have been implemented and authorized globally for commercial and government applications.
Satellite Modem Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | $1,004.4 Million |
| Growth Rate | CAGR of 14.4 % during 2018-2028 |
| Segment Covered | channel type, technology, application, end-user, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | Datum System, ORBCOMM Inc., Work Microwave GmbH, Hughes Network Systems, Novelsat, Teledyne Technologies, Comtech Telecommunications Corp., Gilat Satellite Networks Ltd., ST Engineering, Viasat, Inc. |
Key Segments of the Global Satellite Modem Market
End-User Overview, (USD Million)
• Energy & Utilities
• Marine
• Transportation & Logistics
• Oil & Gas
• Mining
• Military & Defense
• Telecommunication
Data Range Overview, (USD Million)
• Mid-Range Data Rate Modems
• Entry-Level Data Rate Modems
• High-Speed Data Rate Modems
Channel Type Overview, (USD Million)
• Multiple Channel Per Carrier Modems
• Single Channel Per Carrier Modems
Application Overview, (USD Million)
• Tracking & Monitoring
• Offshore Communication
• IP Trunking
• Mobile & Backhaul
• Others
Regional Overview, (USD Million)
North America
- U.S
- Canada
Europe
- Germany
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
South America
- Mexico
- Brazil
- Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The market value of satellite modem market in 2028 was $1,004.4 Million.
The satellite modem market is growing at a CAGR of 14.4% over the forecast period.
North America dominated the market for satellite modem and accounted for the largest revenue share.
The application of the satellite modem market are Offshore Communication, Tracking & Monitoring, Mobile & Backhaul & others.
The top companies that hold the market share in satellite modem market are Datum System, ORBCOMM Inc., Work Microwave GmbH, Hughes Network Systems, Novelsat, Teledyne Technologies, Comtech Telecommunications Corp., Gilat Satellite Networks Ltd., ST Engineering, Viasat, Inc.