PUBLISHER: 360iResearch | PRODUCT CODE: 1415365
PUBLISHER: 360iResearch | PRODUCT CODE: 1415365
[195 Pages Report] The Cellular Modem Market size was estimated at USD 10.88 billion in 2023 and expected to reach USD 12.33 billion in 2024, at a CAGR 14.10% to reach USD 27.41 billion by 2030.
Global Cellular Modem Market
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 10.88 billion |
Estimated Year [2024] | USD 12.33 billion |
Forecast Year [2030] | USD 27.41 billion |
CAGR (%) | 14.1% |
A cellular modem is a type of modem that securely connects various devices to a cellular network, enabling data exchange. It is a hardware device that modulates one or more carrier wave signals for encoding digital information for transmission and then, demodulates signals to decode the transmitted information. They can support wide-ranging technology standards, including 3G, 4G, 5G, CDMA, GSM, and many more. Increased demand for smart devices and IoT connectivity has accelerated the need for secular cellular connections, raising the need for modems. However, technical hitches such as poor quality of voice and video communication during high-speed data transfers and security breach issues are dampening the modem adoption. With advancements in technology and robust R&D efforts, market players are expected to address these concerns. The rising adoption of 5G technology is consequently driving the volume of 5G-enabled cellular modems. The developing trends of machine learning, artificial intelligence, smart homes, and autonomous vehicles will further solidify the exponential growth of the cellular modem market in the near future.
Regional Insights
In the Americas, the cellular modem market has shown major growth due to increasing telecom infrastructure developments and thickened investment on cellular technological innovations. Major United States companies observe significant production, supplying a large proportion of cellular modems globally. Additionally, the North American 5G revolution has fueled a spike in the modem usage numbers, indicating a future-ready telecom industry. Asia, led by technologically advanced markets of China and South Korea, have notable growth rates in cellular modem usage and production. A surge in the number of smartphone users, particularly in developing regions such as India, Indonesia, and Vietnam, has led to a healthy growth forecast. Europe's cellular modem market shows a stabilized growth with robust infrastructure and stringent regulatory norms. As Europe embarks on its journey towards 5G, an upswing in the demand and usage of modernized cellular modems is anticipated.Middle East & Africa depicts a growing telecom industry with increasing cellular modem usage. However, there is still a fair amount of reliance on modems produced by companies outside the region. The rise in urbanization, and economic development in crucial markets such as UAE and South Africa, have spearheaded the demand in this region. The emergence of local telecommunication companies is a growth factor promising a higher production and usage statistics in the future.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Cellular Modem Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cellular Modem Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Cellular Modem Market, highlighting leading vendors and their innovative profiles. These include Bausch Datacom NV SA, CalAmp Corp., Campbell Scientific Inc., Cisco Systems, Inc., Connect Tech Inc., Cox Communications, Inc., Digi International Inc., Huawei Technologies Co., Ltd., InHand Networks, Intel Corporation, Intercel Pty Ltd., Jinan USR IOT Technology Limited, Jio Infocomm Ltd., Lenovo Group Limited, Motorola Mobility LLC, Moxa Inc., Multi-Tech Systems, Inc., NETGEAR Inc., Pixsys Electronics, Qualcomm Incorporated, RACOM s.r.o., Raveon Technologies Corp., Red Lion Controls Inc., Robustel, Sercomm corporation, Shenzhen Cudy Technology Co., Ltd., Sierra Wireless, SmileMbb, and Wlink Technology Co., Limited.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Cellular Modem Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cellular Modem Market?
3. What are the technology trends and regulatory frameworks in the Cellular Modem Market?
4. What is the market share of the leading vendors in the Cellular Modem Market?
5. Which modes and strategic moves are suitable for entering the Cellular Modem Market?