Satellite Modem Market

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MarketsandMarkets Research Private Ltd.
Presents
Satellite Modem Market worth 420.4 Million USD by
2023 with a growing CAGR of 6.0
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The report "Satellite Modem Market by Channel
Type (SCPC MCPC), Data Rate (High-Speed,
Mid-Range, Entry-Level), Application (Mobile
Backhaul, IP Trunking, Offshore Communication),
End User (Telecom, Marine, Oil Gas),
Geography - Global Forecast to 2023", The
satellite modem market is expected to grow from
USD 296.4 Million in 2017 to USD 420.4 Million by
2023, at a CAGR of 6.0 between 2017 and 2023.
The major factors driving the growth of the
satellite modem market include continuous
innovation by satellite modem manufacturers to
ensure the growth of the market, rising need for
enriched high-speed data communication, and
growing demand for satellite communication from
various verticals. Browse gtgt
64 Market data tables 46
figures 163 pages and
in-depth TOC on Satellite Modem Market
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The Multiple Channel Per Carrier (MCPC) modem
held the largest size of the satellite modem
market in 2016 The larger market share of MCPC
modems is attributed to their unparalleled
channel efficiency, which is the core requirement
of high-data-traffic industries such as mobile
communication and internet broadband services.
MCPC satellite modems support internet and IP
applications for its multimedia applications.
Considering the advantages of MCPC satellite
modems, this market is expected to register
higher growth during the forecast
period. Mid-range data rate modem market to grow
at a high rate between 2017 and 2023 Mid-range
data rate modems are expected to find widespread
use, especially among telecom and mobile
operators. All these sectors such as
telecommunication and mobile networks are growing
as connectivity is becoming a critical need.
Apart from the telecom industry, mid-range data
rate satellite modems are also used in
enterprises, and the broadcast and news industry,
among others. Thus, owing to the rising adoption
rate in all these fields, this market is expected
to grow at the highest CAGR between 2017 and
2023.
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North America to hold the largest share of the
satellite modem market in 2016 In North America,
the US, Canada, and Mexico are major oil
producers, and oil gas companies in this region
are continuously increasing their exploration
activities. As the operations of oil gas
industries are often conducted in remote
locations, there is a growing demand for
satellite communication to make critical
decisions based on data, voice, and video
communications. Satellite communication provides
continuous connectivity and delivers very high
performance, and is, therefore, essential for the
oil gas industry. Thus, the satellite modem
market has a good opportunity to achieve growth
in different applications (such as tracking
monitoring and offshore communication) in various
North American industries. Some of the key
players in the satellite modem market are ORBCOMM
INC. (US), ViaSat Inc. (US), Gilat Satellite
Networks Ltd. (Israel), NovelSat (Israel),
Comtech EF Data Corporation. (US), Newtec Cy N.V.
(Belgium), Datum Systems Inc. (US), Teledyne
Paradise Datacom (UK), Advantech Wireless
(Canada), and WORK Microwave GmbH (Germany).
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