Satellite modem offers superior channel efficiency which is highly required by industries facing high-data traffic such as mobile communication and internet and broadband services.
Satellite modems are extensively used for tracking and monitoring purposes in industries like military and defense, mobile communication, transportation, logistics, and so on.
In transportation industries, satellite modem helps to track important information such as real-time location, fuel consumption, and speed of the vehicles. It helps in receiving and sending critical data between two entities.
This report studies the current and future aspects of the satellite modem market.
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KEY PREMIUM INDUSTRY INSIGHTS
- The global satellite modem market is growing at a rapid pace during the forecasted period because of continuous innovation by manufacturers in satellite modem technology. There is rise in demand for speed data communication and satellite communication in various verticals, which is promoting the market growth worldwide.
- Satellite modem offers various benefits such as efficient data tracking and management, effective coverage, and secure communication due to encryption technology which is contributing towards the market growth. In some industries such as defense, aerospace, and marine, efficient data communication in the form of video, audio and text is important for decision making. This feature is boosting the market growth further.
The global satellite modem market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor for the satellite modem market.
The region is dominant during the forecasted period because of rise in demand for satellite modem in defense and aerospace industries. The growth of telecom industry in the region is favoring the progress of the satellite modem market.
Next in line is the Asia Pacific market which is witnessing a rapid market growth due to the rise in telecommunication industry and satellite communication network. In addition, the increase in number of mobile phone users and satellite-based backhaul is driving the market growth in this region.
KEY MARKET PLAYERS
Key players in the satellite modem market include:
- ORBCOMM INC.
- ViaSat Inc.
- Gilat Satellite Networks Ltd.
- Comtech EF Data Corporation
- Newtec Cy N.V.
- Datum Systems
- Teledyne Paradise Datacom
- Hughes Network Systems, LLC
- Advantech Wireless
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