Global Satellite Modem Industry Expected to Reach $710 Million by 2026

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DUBLIN, January 14, 2022–(BUSINESS WIRE)–The “Global Satellite Modem Market with Impact Analysis of COVID-19 by Application (Mobile and Backhaul, Offshore Communication, Tracking and Surveillance), End-User Industry (Telecom, Marine, military), channel type, Data Throughput, Technology and Geography – Forecast to 2026 report” has been added to from ResearchAndMarkets.com offer.

The global satellite modem market is estimated to grow from USD 403 million in 2021 to USD 710 million by 2026; it is expected to grow at a CAGR of 12% from 2021 to 2026.

A few key factors driving the growth of this market are growing need for enriched broadband data communication, increase in the number of High Throughput Satellites (HTS) and growing demand for satellite communication in the Internet of Things (IoT).

MCPC Modem Satellite Modem Market Expected to Grow at Higher CAGR from 2021 to 2026

The MCPC modem satellite modem market is expected to grow at a higher CAGR from 2021 to 2026. The growth of this segment is attributed to the unparalleled channel efficiency offered by these modems, which is the essential requirement for high traffic applications data, such as mobile communications, Internet and broadband services. MCPC satellite modems can be integrated into IP networks to provide a seamless connection for voice, video and data traffic. Broadband Internet services for corporate networks are possible using MCPC modem technology due to its high data rate capability over satellite technology.

Military & Defense Satellite Modem Market Expected to Grow at Second Highest CAGR from 2021 to 2026

Military & Defense Satellite Modem Market is expected to grow at Second Highest CAGR from 2021 to 2026. Satellite communication is used for multiple applications such as situational awareness, intelligence gathering and patrol border in military and defense operations. The amount of data, voice and video exchanged between headquarters and remote sites has increased dramatically over the past five to ten years. Satellite modems with high data rates are used for such communication. Additionally, satellite modems offer high-speed satellite communications for mobile, stationary, point-to-point, or point-to-multipoint missions. Satellite modems also play a vital role in ensuring secure and reliable communication for military and defense operations.

North America will account for the largest satellite modem market size during the forecast period

North America is estimated to account for the largest satellite modem market size during the forecast period. The key factors driving the growth of the North America satellite modem market are the demand for maritime applications based on satellite communication, the need for high-speed networks, the increased adoption of connected vessels and the presence of players industry keys, including Comtech EF Data Corporation (US), Datum Systems (US) and ORBCOMM INC. (United States). In addition, increasing demand from the US military and US government subsidies for broadband internet service in rural areas of the US is expected to boost the demand for satellite modems in the region.

Market dynamics

Drivers

  • Growing need for enriched high-speed data communication

  • Increase in the number of high throughput satellites (HTS)

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

Constraints

Opportunities

Challenges

Companies cited

  • Amplus Communication Pte. ltd.

  • Aselsan AS

  • AYECKA Communication Systems, Ltd.

  • Bentek Systems

  • BSNL

  • Comtech Telecommunications Corp.

  • Reference systems

  • ENENSYS Technologies

  • Flightcell International Ltd.

  • Gilat Satellite Networks Ltd.

  • Hughes Network Systems

  • Defense and Security Solutions Kratos, Inc.

  • MetOcean Telematics

  • NAL Research Society

  • ND SATCOM

  • NOVELSAT

  • ORBCOMM Inc.

  • SatixFi

  • S&T Engineering

  • Swarm Technologies, Inc.

  • Tanzania Telecommunications Corporation (TTCL Corporation)

  • Teledyne Technologies

  • CECI Technologies

  • TXMission Inc.

  • Viasat, Inc.

  • WORK Microwave GmbH

For more information about this report visit https://www.researchandmarkets.com/r/ndy1dt

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220114005324/en/

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