Global Satellite Modem Market 2020-2024
Technavio has been monitoring the satellite modem market and it is poised to grow by $ 139.96 mn during 2020-2024, progressing at a CAGR of 7% during the forecast period. Our report on satellite modem market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing need to enhance offshore communication and rising spending on satellite communication by governments and public safety agencies. In addition, the increasing need to enhance offshore communication is anticipated to boost the growth of the market as well.
The satellite modem market analysis includes type segment, application segment and geographical landscapes.
Technavio's satellite modem market is segmented as below:
- IP trunking
- Tracking and monitoring
By Geographical Landscapes
- North America
- South America
This study identifies the growing need for satellite systems in 5G ecosystem as one of the prime reasons driving the satellite modem market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the satellite modem market covers the following areas:
- Satellite modem market sizing
- Satellite modem market forecast
- Satellite modem market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading satellite modem market vendors that include Baylin Technologies Inc., Comtech Telecommunications Corp., EchoStar Corp., Gilat Satellite Networks Ltd., NovelSat, ORBCOMM Inc., Singapore Technologies Engineering Ltd., Teledyne Technologies Inc., Viasat Inc., and WORK Microwave GmbH. Also, the satellite modem market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.