Global Satellite Modem Market Size By End-User, By Data Range, By Channel Type, By Application, By Geographic Scope And Forecast

Satellite Modem Market Size And Forecast

Satellite Modem Market size was valued at USD 457.04 Million in 2024 and is projected to reach USD 702.52 Million by 2031, growing at a CAGR of 6.09 % during the forecast period 2024-2031.

A rise in the need for enriched data communication and increasing demand for solutions that can help in vehicle tracking, asset monitoring, & fleet management is expected to drive the Satellite Modem Market over the predicted years. The Global Satellite Modem Market report provides a holistic evaluation of the market. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market.

Global Satellite Modem Market Definition

A satellite modem is an electronic device used to transmit and receive signals from a satellite transponder. These transponders receive signals over a range of uplink frequencies sent from ground stations. It is used for data transfers using a communication satellite as a relay. It is primarily used to transform an input bitstream to a radio signal and vice versa. These modems provide seamless communication, thereby benefiting various businesses. Based on the end-user, the market is classified into Transportation & Logistics, Oil & Gas, Energy & Utilities, Marine, Military & Defense, Mining, and Telecommunication.

Global Satellite Modem Market Overview

A rise in the need for enriched data communication and increasing demand for solutions that can help in vehicle tracking, asset monitoring, & fleet management is expected to drive the Satellite Modem Market over the predicted years. Also, continuous innovation by satellite modem manufacturers to ensure the growth of the Satellite Modem Market expects a boost to the market in the coming years.

Additionally, the growing demand for satellite communication from various verticals and rising demand for satellite communication in the internet of things, and the conjunction of satellite & mobile technologies are anticipated to fuel the market during the forecasted period. There are certain restraints and challenges faced which can hinder the market growth. Factors such as the lack of international regulations on common protocols and communication standards for satellite modems are likely to act as market restraints.

Global Satellite Modem Market Segmentation Analysis

The Global Satellite Modem Market is segmented on the basis of End-User, Data Range, Channel Type, Application, And Geography.

Satellite Modem Market, By End-User

• Transportation & Logistics
• Oil & Gas
• Energy & Utilities
• Marine
• Military & Defense
• Mining
• Telecommunication

Based on End-User, The market is bifurcated into Transportation & Logistics, Oil & Gas, Energy & Utilities, Marine, Military & Defense, Mining, and Telecommunication. The Military & Defense segment is expected to hold the largest market share as reliable, secure, and uninterrupted communication is crucial irrespective of the location and weather conditions in the military & defense industry.

Satellite Modem Market, By Data Range

• Entry-Level Data Rate Modems
• Mid-Range Data Rate Modems
• High-Speed Data Rate Modems

Based on Data Range, The market is bifurcated into Entry-Level Data Rate Modems, Mid-Range Data Rate Modems, and High-Speed Data Rate Modems. High-Speed Data Rate Modems are predicted to hold the most significant CAGR in the forecasted period due to the rising need for high-speed communication in applications such as mobile & backhaul and offshore communication, among others.

Satellite Modem Market, By Channel Type

• Single Channel Per Carrier Modems
• Multiple Channel Per Carrier Modems

Based on Data Range, The market is bifurcated into Entry-Level Data Rate Modems, Mid-Range Data Rate Modems, and High-Speed Data Rate Modems. High-Speed Data Rate Modems are predicted to hold the most significant CAGR in the forecasted period due to the rising need for high-speed communication in applications such as mobile & backhaul and offshore communication, among others.

Satellite Modem Market, By Channel Type

• Single Channel Per Carrier Modems
• Multiple Channel Per Carrier Modems

Based on Channel Type, The market is bifurcated into Single Channel Per Carrier Modems and Multiple Channel Per Carrier Modems. The Multiple Channel Per Carrier Modems segment is likely to hold the largest market share as it offers unparalleled channel efficiency, which is the core requirement of high-data-traffic industries such as mobile communication, and internet & broadband services.

Satellite Modem Market, By Application

• Offshore Communication
• Tracking & Monitoring
• Mobile & Backhaul
• IP Trunking
• Others

Based on Application, The market is bifurcated into Offshore Communication, Tracking & Monitoring, Mobile & Backhaul, IP Trunking, and Others. The tracking & Monitoring segment is anticipated to have the highest CAGR in the forecasted period as tracking and monitoring play a crucial role in industries such as transportation & logistics, marine, and military & defense to manage and track critical information such as real-time location, fuel consumption, and speed of the vehicles.

Satellite Modem Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on Geography, The Global Satellite Modem Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by North America owing to an upsurge in the demand for satellite modems from major industries such as oil & gas, marine, and military & defense, where voice, video, and data communication is critical for efficient decision-making.

Key Players

The "Global Satellite Modem Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are Gilat Satellite Networks Ltd., Novelsat, Newtec Cy N.V., Comtech EF Data Corporation, WORK Microwave GmbH, ORBCOMM INC., Datum Systems, ViaSat Inc., Advantech Wireless, Teledyne Paradise Datacom, Amplus Communication Pte Ltd, Ayecka Communication Systems, Ltd. and Hughes Network Systems, LLC. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Partnerships, Collaborations and Agreements
• May of 2021. Gilat signs a strategic agreement with a large government corporation in Asia Pacific worth tens of millions of dollars. The equipment and multi-year managed-services contract include enterprise connectivity, with significant room for expansion to other applications.
• On November 16, 2020, Viasat Inc. and Infostellar Inc., a Japanese GSaaS start-up, announced the signing of a Real-Time Earth (RTE) agreement. Viasat will serve as a market channel lead for Infostellar services in the United States, while Infostellar will serve as a Japanese market channel lead for Viasat's expanding RTE network, and Viasat will become a preferred supplier.
• Mergers and Acquisitions
• July 2021. ORBCOMM Inc. announced that it has agreed to be acquired by GI Partners, a leading US-based investor in data infrastructure businesses, in an all-cash transaction valued at approximately $1.1 billion, including net debt.
• January 2021. Amita Technologies and Advantech have joined forces to create a smart energy storage system. To create a smart energy storage system, Amita Technologies and Advantech combined their respective strengths in battery hardware manufacturing and IoT open cloud software development. This collaboratively constructed system provides green energy management and conservation to the global manufacturing industry.
• Product Launches and Product Expansions
• June 2021. Kymeta Expands Government and Military Network Offerings Through Strategic Partnership with Comtech.
• March 2021. Advantech Introduces Flex I/O Expansion Kits for System Functionality Enhancement.