Satellite Modem Market by Channel Type (SCPC Modem and MCPC Modem), Technology (VSAT, Satcom-on-the-move, Satcom-on-the-pause, and Others), Applications (Mobile & Backhaul, IP-trunking, Enterprise & Broadband, Media & Broadcast, and Others), and End User (Telecommunications, Marine, Military & Defense, Transportation & Logistics, Oil & Gas, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
Satellite Modem Market Outlook - 2030
The global satellite modem market was valued at $354.6 million in 2020, and is projected to reach $1033.4 million by 2030, registering a CAGR of 16.5% from 2021 to 2030. Satellite modem or satcom is a satellite communication application designed to receive and transit radio signals from or to a satellite. The rise in use in communication satellite solution across military and defense and telecommunication sector is anticipated to drive the market during the forecast period.
The growth of the global satellite modem market is majorly driven by rise in numbers of high-throughput satellites (HTS) globally paired with growing need for enriched high-speed data communication. Further, growing demand for satellite communication in Internet of Things (IoT) is anticipated to drive the growth of satellite modem However, Ambiguity in regulatory framework pertaining to satellite communication protocols and standards are acting as a prime restraint of the global market. On the contrary, rise in development of satellite network to offer internet across in remote areas is anticipated to provide lucrative opportunities for the satellite modem industry during the forecast period.
The global satellite modem market research is segmented into channel type, technology, applications, and end users. On the basis of channel type, the market is bifurcated into SCPC modem and MCPC modem. By technology, it is divided into VSAT, satcom-on-the-move, satcom-on-the-pause, and others. By application, the market is categorized into mobile & backhaul, IP trunking, enterprise & broadband, media & broadcast, and others. By end user, the market is segmented into telecommunications, marine, military & defense, transportation & logistics, oil & gas, and others. The military & defense segment modem segment subjugated the market, in terms of revenue, in 2020, and is expected to follow the same trend during the forecast period. Region-wise, the satellite modem market trends are analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the market include 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.
Key Market Segments
By Channel Type
SCPC Modem
MCPC Modem
By Technology
VSAT
Satcom-on-the-Move
Satcom-on-the-Pause
Others
By Applications
Mobile & Backhaul
IP Trunking
Enterprise & Broadband
Media & Broadband
Others
By End User
Telecommunications
Marine
Military & Defense
Transportation & Logistics
Oil & Gas
Others
Key Market Players
Comtech Telecommunications Corp.
Datum System
Gilat Satellite Networks Ltd.
Hughes Network Systems
ORBCOMM Inc.
Novelsat
ST Engineering
Teledyne Technologies
Viasat, Inc.
Work Microwave GmbH
List of Company Profiles
Viasat Inc.
ORBCOMM Inc.
Novelsat
Datum System
Hughes Networks Systems
Contech Telecommunications Corp.
ST Engineering
Teledyne Technologies
Gilat Satellite Networks Ltd.
Work Microwave GmbH
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook