The Satellite Modem Market is to grow at a CAGR of 6.0% between 2017 and 2023. The Satellite Modem Market is growing and the experts have predicted the future stats of Satellite Modem. Satellite Modem Market report contains the top corporate profiles and strategies with industry analysis and trends.
The complete report 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 is now available on www.rnrmarketresearch.com/satellit…rket-report.html
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.
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.
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.
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Break of primary participants in Satellite Modem Market was as mentioned below:
By Company Type: Tier 1 =15%, Tier 2 =45%, and Tier 3 =40%
By Designation: C-Level Executives=65%, Managers=25%, and Others =10%
By Region: North America =25%, Europe=55%, APAC=15%, and RoW =5%
Major players of Satellite Modem Market Report are:
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.
FAQ’s regarding the Satellite Modem Market Report are:
What is Market Penetration of Satellite Modem?
Comprehensive information on the product portfolios of the top players in the Satellite Modem market
What is Product Development/Innovation of Satellite Modem?
Detailed insights on the upcoming technologies, R&D activities, and product launches in the Satellite Modem market
What is Competitive Assessment of Satellite Modem?
In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the Satellite Modem market
What is Market Development of Satellite Modem?
Comprehensive information about emerging markets. This report analyzes the market for various Satellite Modem products across geographies
What is Market Diversification of Satellite Modem?
Exhaustive information about new products, untapped geographies, recent developments, and investments in the Satellite Modem market
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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.
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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