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Satellite modem market forecast of 6% CAGR growth in 2017 made available by top research firm

Satellite modem market forecast of 6% CAGR growth in 2017 made available by top research firm

Satellite Modem Market report is a blend of industry prospects and corporate opportunities from 2017 to 2023. The Satellite Modem Market Research Report of 2017 is a complete guide with detailed information about the key company profiles involved in this industry with market forecast and region-specific insights.

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Satellite Modem Market Report discusses the new and latest trends with industry demands and analyzing the forecast in the particular field with insights. The Satellite Modem Market Report is a brief research study done on the Satellite Modem industry.

The satellite modem market is expected to grow from USD 296.4 million in 2017to USD 420.4 million by 2023, at a CAGR of 6.0% between 2017 and 2023. The major factors driving the growth of the satellite modem market include continuous innovation by satellite modem manufacturers to ensure the growth of the market, rising need for enriched high-speed data communication, and growing demand for satellite communication from various verticals.

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However, the lack of international regulations on common protocols and communication standards for satellite modems is the major restraining factor for the growth of the satellite modem market.

Complete report on Satellite Modem Market spread across 163 pages, profiling 5 companies and supported with 71 tables and 50 figures is now available at www.rnrmarketresearch.com/satellit…rket-report.html

Considering the nature of the offshore industry, satellite communications plays a crucial role in ensuring a high level of operational efficiency at offshore exploration and production facilities. This is especially critical in situations where companies are required to expand their exploration and production activities further into remote regions, where satellite networks are often the only feasible option for delivering reliable communication connectivity.

To establish satellite communication connectivity between remote locations and the head office, high-speed data rate satellite modems are mainly deployed on offshore platforms.

In APAC, the telecommunication and oil & gas industries are expected to drive the satellite modem market. Furthermore, with the growth of the Long-Term Evolution (LTE) technology in Asian countries and the growth of broadband services in rural areas, satellite services would have a high demand in the region not only for coverage but also for the acquisition of new customers.

Hence, the growth of satellite-based backhauling and 4G rollout would create major opportunities for the satellite modem market in APAC.

In the process of determining and verifying the market size for several segments gathered through secondary research, extensive primary interviews have been conducted with key industry people. The breakup of the profile of primary participants has been given below:

By Company Type: Tier 1 – 55%, Tier 2 – 25%, and Tier 3 – 20%

By Designation: C-Level Executives – 35%, Directors – 25%, and Others – 40%

By Region: North Americas – 40%, Europe – 35%, APAC – 15%, and RoW – 10%

The report profiles the top players in the satellite modem market, alongwith providing their respective market ranking. Prominent players such as Newtec Cy N.V.

(Belgium), Comtech EF Data Corporation (US), ViaSat Inc. (US), Datum Systems Inc.  (US), and NovelSat (Israel) have been profiled in this report.

Ask for a Sample copy of Satellite Modem Market by Channel Type (SCPC & MCPC), Data Rate (High-Speed, Mid-Range, Entry-Level), Application (Mobile & Backhaul, IP Trunking, Offshore Communication), End User (Telecom, Marine, Oil & Gas), & Geography - Global Forecast to 2023 at www.rnrmarketresearch.com/contacts…le?rname=1190020

From an insight perspective, this research report has focused on various levels of analysis—market ranking of top players, value chain analysis, company profiles that discuss basic views on the competitive landscape, emerging and high-growth segments of the satellite modem market, high-growth regions, and market dynamics—such as drivers, restraints, challenges, and opportunities.

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