DUBLIN† Apr 1, 2022 /PRNewswire/ — The report “Satellite Modem Market by Channel Type, Technology, Applications and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030” is added to ResearchAndMarkets.com’s offer.
The global satellite modem market was valued at $354.6 million in 2020, and is expected to $1033.4 million by 2030, with a CAGR of 16.5% between 2021 and 2030.
The increase in the use of communications satellite solutions in the military and defense and telecommunications sectors is expected to drive the market during the forecast period.
The growth of the global satellite modem market is primarily driven by the global increase in the number of high-throughput satellites (HTS) coupled with the growing need for enriched high-speed data communications. Furthermore, the growing demand for satellite communications in Internet of Things (IoT) is expected to drive the growth of satellite modems
However, ambiguity in the regulatory framework regarding protocols and standards for satellite communications is a major barrier to the global market. On the contrary, the increase in the development of satellite networks to provide Internet in remote areas is expected to provide lucrative opportunities for the satellite modem industry during the forecast period.
The modem segment of the military and defense segment has subdued the market in revenue in 2020 and is expected to follow the same trend during the forecast period.
Major players in the market are Viasat Inc., ORBCOMM Inc., Novelsat, Datum System, Hughes Networks Systems, Contech Telecommunications Corp., ST Engineering, Teledyne Technologies, Gilat Satellite Networks Ltd. and Work Microwave GmbH.
Market dynamics
drivers
-
Increasing need for fast data communication
-
Increase in the number of high-throughput satellites (HTSs)
-
High demand for satellite communications in Internet of Things (IoT)
limits
Possibility
COVID-19 impact analysis
-
Impact on market size
-
End-user trends, preferences and budget impact
-
Strategies of Key Players to Address Negative Impact
-
Limited investments for R&D
-
Focus on next-generation products
Scope of the report
By channel type
by technology
-
VSAT
-
Satcom-on-the-Move
-
Satcom-on-the-pause
-
Other
By Applications
-
Mobile & backhaul
-
IP trunking
-
Enterprise & Broadband
-
Media and broadband
-
Other
By end user
protagonists
For more information on this report, please visit https://www.researchandmarkets.com/r/9137t9
Media contact:
Research and markets
Laura Woodsenior manager
press@researchandmarkets.com
For EST business hours, call +1-917-300-0470
For US/CAN Toll Free Call +1-800-526-8630
For GMT office hours, call +353-1-416-8900
US Fax: 646-607-1904
Fax (outside the US): +353-1-481-1716
View original content: https://www.prnewswire.com/news-releases/global-satellite-modem-markets-2021-2022–2030-opportunities-in-the-proposed-development-of-satellite-networks-to -provides-internet-access-in-remote-areas-301515726.html
SOURCE Research and markets
