Satellite Modem Market by Channel Type SCPC MCPC, Data Rate HighSpeed, MidRange, EntryLevel, Application Mobile Backhaul, IP Trunking, Offshore Communication, End User Telecom, Marine, Oil Gas, Geography Global Forecast to 2023 [Report Updated: 06092
Satellite modem market to grow at a CAGR of 6.0% between 2017 and 2023
The satellite modem market is expected to grow from USD 296.4 million in 2017 to 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 highspeed 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.
Offshore communication expected to grow at the highest rate during the forecast period
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, highspeed data rate satellite modems are mainly deployed on offshore platforms.
Satellite modem market in APAC to grow at a high rate between 2017 and 2023
In APAC, the telecommunication and oil gas industries are expected to drive the satellite modem market. Furthermore, with the growth of the LongTerm 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 satellitebased 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: CLevel 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, along with 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.
Research Coverage:
The satellite modem market, by channel type, includes Single Channel Per Carrier SCPC and Multiple Channel Per Carrier MCPC modems.
The satellite modem market, by data rate, covers highspeed data rate, midrange data rate, and entrylevel data rate modems.
The satellite modem market, by application, comprises mobile backhaul, IP trunking, offshore communication, and tracking monitoring.
The satellite modem market, by end user, comprises energy utilities, mining, telecommunication, marine, military defense, transportation logistics, and oil gas.
The geographic analysis has been done with regard to North America, Europe, Asia Pacific APAC, and Rest of the World RoW
Reasons to Buy This Report:
From an insight perspective, this research report has focused on various levels of analysismarket ranking of top players, value chain analysis, company profiles that discuss basic views on the competitive landscape, emerging and highgrowth segments of the satellite modem market, highgrowth regions, and market dynamicssuch as drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Market penetration: Comprehensive information on satellite modems offered by the top players in the satellite modem market
Market development: Comprehensive information about lucrative emerging markets and analysis of the market for satellite modems across regions
Market diversification: Exhaustive information about new products, untapped geographies, and recent developments in the overall satellite modem market
Competitive assessment: Indepth assessment of market ranking, strategies, products, and leading players in the satellite modem market
