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Report Scope & Overview:

Satellite Modem Market Size was valued at USD 452 million in 2022, and is expected to reach USD 1105 million by 2030, and grow at a CAGR of 11.8% over the forecast period 2023-2030.

Satellite modem or satmodem is an advanced communication solution designed to establish data transfer using satellite communication as a transmitter. The main function of a satellite modem is to convert input bitstream input into a radio signal and vice versa. In addition, satellite internet modem is intended to use satellites that are designed to provide communication links between various points around the world. however, the opportunity for the satellite modem market is largely driven by the growing trend of digital digitalization in the Internet of Things Solutions during forecasting.

Satellite Modem Market Revenue Analysis

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MARKET DYNAMICS:

KEY DRIVERS:

  • Growing need for satellite communication in the Internet of Things (IoT).

  • Growing demand for enhanced high-speed data connection.

RESTRAINTS:

  • Uncertainty in the regulatory framework governing satellite communication protocols and standards

OPPORTUNITIES:

  • 5G commercialization.

  • Satellite networks are being proposed for construction to give internet connectivity in remote places.

CHALLENGES: 

Based on Channel Type, the satellite modem market is segmented into MCPC modem and SCPC modem. The MCPC channel satellite module market is expected to grow at a high CAGR from 2023 to 2030. The growth of this category is due to the incomparable channel performance provided by these modems, which is a key requirement for high-performance data traffic applications, such as mobile communications, the Internet, and broadband services. MCPC satellite modules can be integrated with IP networks to provide seamless voice, video, and data traffic. Broadband internet services for business networks are possible with MCPC modem technology due to its high data rate over satellite technology.

Based on the Technology, the satellite modem market is segmented into Satcom Automatic Identification System (AIS), VSAT, Satcom-on-the-Move, Satellite Telemetry and Satcom-on-the-Pause. SOTM modem is expected to grow at a high CAGR during the forecasting. Satcom on-the-move (SOTM) terminals are increasingly being used in military and commercial systems. For military purposes, these terminals are primarily used for intelligent communication. SOTM terminals are used for broadband communications by sea ships, trains, planes, land vehicles, and other vehicles. However, in commercial systems, these terminals are mainly used for broadband internet services.

Based on Data Rate, the satellite modem market is segmented into Entry Level, Mid- Range and High Speed. Satellite modem data speed are expected to hold the largest share in the market from 2023 to 2030. This is due to the growing demand for high data and high-bandwidth applications such as mobile & backhaul and offshore connections. Satellite service providers enable internet, mobile, and data networks over long distances. To meet the high demand for data while managing operating costs, high speed data satellite modules are required. In addition, the growing demand from the commercial and military sectors for mobile communications at high data rates is advancing the market for high data satellite modems.

Based on End-User Industry, the satellite modem market is segmented into Energy & Utilities, Mining, Marine, Transportation & Logistics, Telecommunications, Military & Defense, Oil & Gas and Others.

The satellite modem transportation and logistics market are expected to grow at a very high CAGR at the time of forecasting. In transportation and logistics, there is an ongoing need to transfer real-time data, including vehicle location, traffic congestion, video and audio, temperature between rotting vehicles, and emergency notices. To transmit and receive such data, high-speed data satellite modes, which can establish a communication channel between the vehicle and the monitoring center, are used. Satellite modems also increase the accuracy and speed of the Global Positioning System (GPS).

IMPACT OF COVID-19:

The outbreak and spread of COVID-19 have affected the satellite modem market. Many industry experts believe the epidemic will subside by the end of the second quarter of FY2021. Considering the input from various industry experts from different phases of the satellite modem value chain including OEMs, suppliers, end users, and distributors and post-consultation and financing of various companies to the 2020 satellite ecosystem 2020, it. it is estimated that the market size of satellite modem has seen a decrease of 4-5% from 2019 to 2020. In some countries such as the US and the UK, the second wave of COVID-19 has affected the performance of satellite module companies due to the closure of manufacturing facilities. A few companies have experienced delays in potential order awards and order delays for US military customers. In the satellite modem market, COVID-19 has had a significant impact on the maritime and aviation industries.

MARKET SEGMENTS:

BY CHANNEL TYPE

  • MCPC Modem

  • SCPC Modem

BY TECHNOLOGY

BY DATA RATE

  • Entry Level

  • Mid Range

  • High Speed

BY APPLICATION

  • Mobile & Backhaul

  • IP Trunking

  • Tracking & Monitoring

  • In-flight Connectivity

  • Offshore Communication

  • Enterprise & Broadband

  • Media & Broadcast

  • Others

BY END-USER INDUSTRY

  • Energy & Utilities

  • Mining

  • Marine

  • Transportation & Logistics

  • Telecommunications

  • Military & Defense

  • Oil & Gas

  • Others

Satellite Modem Market Segmentation Analysis

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REGIONAL ANALYSIS:

The satellite modem market in APAC is expected to grow at a very high CAGR from 2023 to 2030. This market will be driven by a growing demand for metals such as steel for complex industrial use. China, Japan, South Korea, and India are expected to operate the satellite modem market at APAC. China remains the largest market for satellite modems and is expected to remain dominant during the forecast period. Investments in increasing glass production and government support for steel production are set to provide greater opportunities for the APAC satellite module market.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The key players in the satellite modem market are Gilat Satellite Networks, Hughes Network Systems, ORBCOMM, Novelsat, Comtech Telecommunications, Datum System, ST Engineering, Teledyne Technologies, Viasat, Work Microwave & Other Players.

Hughes Network Systems-Company Financial Analysis

Satellite Modem Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 452 Mn
Market Size by 2030 US$ 1105 Mn
CAGR CAGR of 11.8% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Channel Type (MCPC Modem, SCPC Modem)
• By Technology (Satcom Automatic Identification System (AIS), VSAT, Satcom-On-The-Move, Satellite Telemetry, Satcom-On-The-Pause)
• By Data Rate (Entry Level, Mid-Range, High Speed)
• By Application (Mobile & Backhaul, IP Trunking, Tracking & Monitoring, In-Flight Connectivity, Offshore Communication, Enterprise & Broadband, Media & Broadcast, Others)
• By End User Industry (Energy & Utilities, Mining, Marine, Transportation & Logistics, Telecommunications, Military & Defense, Oil & Gas, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Gilat Satellite Networks, Hughes Network Systems, ORBCOMM, Novelsat, Comtech Telecommunications, Datum System, ST Engineering, Teledyne Technologies, Viasat, and Work Microwave.
Key Drivers • Growing need for satellite communication in the Internet of Things (IoT).
• Growing demand for enhanced high-speed data connection.
Restraints • Uncertainty in the regulatory framework governing satellite communication protocols and standards.

Frequently Asked Questions

The Satellite Modem Market Size was valued at USD 452 million in 2022.

Growing need for satellite communication in the Internet of Things (IoT), and Growing demand for enhanced high-speed data connection.

The key players in the satellite modem market are Gilat Satellite Networks, Hughes Network Systems, ORBCOMM, Novelsat, Comtech Telecommunications, Datum System, ST Engineering, Teledyne Technologies, Viasat, and Work Microwave.

Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

  

8. Satellite Modem Segmentation, by channel type

8.1Introduction

8.2 MCPC Modem

8.3 SCPC Modem

9. Satellite Modem Segmentation, by technology

9.1 Introduction

9.2 Satcom Automatic Identification System (AIS)

9.3 VSAT

9.4 Satcom-on-the-Move

9.5 Satellite Telemetry

9.6 Satcom-on-the-Pause

10. Satellite Modem Segmentation, by data rate

10.1 Introduction

10.2 Entry Level

10.3 Mid Range

10.4 High Speed

11. Satellite Modem Segmentation, by application

11.1 Introduction

11.2 Mobile & Backhaul

11.3 IP Trunking

11.4 Tracking & Monitoring

11.5 In-flight Connectivity

11.6 Offshore Communication

11.7 Enterprise & Broadband

11.8 Media & Broadcast

11.9 Others

12. Satellite Modem Segmentation, by end user industry

12.1 Introduction

12.2 Energy & Utilities

12.3 Mining

12.4 Marine

12.5 Transportation & Logistics

12.6 Telecommunications

12.7 Military & Defense

12.8 Oil & Gas

12.9 Others

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

14.Company Profiles

14.1 Teledyne Technologies

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Gilat Satellite Networks

14.3 Hughes Network Systems

14.4 ORBCOMM

14.5 Novelsat

14.6 Comtech Telecommunications

14.7 Datum System

14.8 ST Engineering

14.9 Viasat,

14.10 Work Microwave

14.11 Others

15.Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share analysis

15.3 Recent Developments

16.Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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