Satellite Modem Market by Channel Type (SCPC and MCPC), Technology (VSAT, Satcom-on-the-move, Satcom-on-the-pause, and Others), Application (Mobile & Backhaul, IP-trunking, Enterprise & Broadband, Media & Broadcast, and Others), End-user (Telecommunications, Marine, Military & Defense, Transportation & Logistics, Oil & Gas, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028

Satellite Modem Market Analysis

The global satellite modem market is anticipated to garner $1,004.4 million in the 2021–2028 timeframe, growing from $348.7 million in 2020, at a healthy CAGR of 14.4%.

Market Synopsis

The satellite modem market is expected to grow due to growing demand for satellite communications in various IoT applications. Additionally, acquisitions and business expansion by key market players are anticipated to boost the market growth.

The satellite modem market expansion is being hindered by ambiguity in the regulatory framework governing satellite communications techniques and standards.

According to the regional analysis of the market, the Asia-Pacific satellite modem market is anticipated to grow at a CAGR of 15.3%, by generating a revenue of $264.6 million during the review period.

Satellite Modem Overview

Modulator and demodulator are abbreviated as modem. A modem is a device that is utilized in almost all wireless and wireline networks. The main function of a modem is to modulate baseband information on an RF carrier and recover the baseband information by demodulating the modulated RF signal. Satellite modem is a type of modem that is used to connect to and access satellite networks. It connects the MUX/EPABX on one side to the RF transceiver on the other. It is mostly used to give voice/data application assistance to remote places through satellite.

Impact Analysis of COVID-19 on the Global Satellite Modem Market

In the recent years the world has experienced an unprecedented situation of COVID-19 outbreak, due to which the world has been impacted very badly. All the industries across the globe have been impacted negatively, this has caused a severe disruption in the manufacturing and supply chain of various industries. Additionally, the population across the globe is affected as many people have lost their jobs and the spending capacity has decreased due to this. In the recent years, almost every industry in the world has suffered a setback. Over the forecast period, the aforementioned factors are likely to weigh on the global satellite modem market revenue. However, as the respective governments begin to loosen the lockdown regulations it is anticipated that the market will grow at better rate.

Rapid Developments Across the Satellite Industry is Projected to Drive the Market Growth

In the recent years, the satellite modem market is likely to be driven by an increase in the demand for richer data transmission and increasing demand for solutions that may assist in vehicle tracking, asset monitoring, and fleet management. In addition, satellite modem key players are working continuously in order to meet the growing demand from the consumers regarding the communications advancements, these factors are anticipated to drive the market growth in the near future.

To know more about global satellite modem market drivers, get in touch with our analysts here.

Uncertain Regulations Regarding Satellite Communications are Anticipated to Restrain the Market Growth

Satellite operators struggle to determine if and to what extent regulations apply to them due to ambiguous legal frameworks. Furthermore, national authorities do not have a unified approach to licensing and frequency authorizations. Small satellite operators may face difficulties with frequency licensing since the frequencies they use—the VHF and UHF bands—are typically new to national authorities when compared to the L, S, C, Ku, and Ka bands. This is a significant challenge for satellite modem makers, as they must incorporate all of these standards and communication protocols when producing modems for various counties or areas.

Rise in Demand for Connected Devices across the Globe to Create Growth Opportunities

The rising demand for the connected healthcare devices, home devices, and connected automobiles is anticipated to create better growth opportunities in the near future. Additionally, the technological advancements towards the developments in the next generation smart phones, advancements in the infrastructures, and integrating the technology with the existing on-premise applications to cloud networks are anticipated to create better growth opportunities in the near future.

To know more about global satellite modem market opportunities, get in touch with our analysts here.

[SATELLITEMODEMGRAPH]

Source: Research Dive Analysis

The MCPC modem sub-segment is anticipated to have the fastest growth rate of 16.2% and generate a revenue of $530.7 million by 2028, growing from $163.3 million in 2020.
The rise of the MCPC modem sub-segment is majorly attributed to the extraordinary channel efficiency provided by these modems, which is a key requirement of high-data-traffic applications such as internet, mobile communication, and broadband services. Satellite modems from MCPC can connect to IP networks for a seamless communication, video, and data connection. MCPC modem technology can deliver broadband internet services for enterprise networks due to its high data rate capacity over satellite technology.

[TECHNOLOGYGRAPH]

Source: Research Dive Analysis

The satcom-on-the move sub-segment is held the largest market value in 2020 accounting for $121.5 million and is anticipated to grow at CAGR of 14.7% during the forecast period.
Military and commercial applications are increasingly relying on satcom on-the-move (SOTM) terminals. These terminals are primarily used for tactical communication in military applications. Maritime boats, trains, airplanes, land vehicles, and other modes of transportation employ SOTM terminals for broadband communication. SOTM terminals are largely employed in business applications for broadband Internet access.

[APPLICATIONGRAPH]

Source: Research Dive Analysis

The IP-trunking sub-segment is anticipated to have the fastest growth rate of 15.2% and generate a revenue of $293.1 million by 2028, growing from $96.9 million in 2020.
The growth is mostly due to the vast range of benefits provided by IP-trunking, such as infinite employee mobility, a reliable phone service, and a powerful end-to-end unified communications system that aids in data security while also improving communication system quality. Furthermore, IP trucking enables users to use the same IP-based network for a variety of data transmissions, including video, voice, and more. Multiple, overlapping networks are no longer required.

[ENDUSERGRAPH]

Source: Research Dive Analysis

The military & defense sub-segment of the global satellite modem market is anticipated to grow at the highest CAGR of 15.1% and reach $269.0 million by 2028, growing from $90.3 million in 2020.
Satellite communication is widely utilized in military and defense activities for a various of purposes, such as information gathering, situational awareness, and border patrol. In the recent years, the volume of data, speech, and video transferred between headquarters and outlying sites has increased drastically. Majorly the satellite modems are deployed for such conditions in military and defense end-user. Satellite modems also provide high-speed satellite communications for missions that are on the go, stationary, point-to-point, or point-to-multipoint. Satellite modems are also essential for military and defense operations to ensure safe and dependable communication which are majorly used in regions where the telecom network is not available such a Siachen in India

Global Satellite Modem Market, Regional Insights:

The satellite modem market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Source: Research Dive Analysis

The Asia-Pacific Satellite Modem Market is Anticipated to Experience the Fastest Growth Rate

Satellite modem market in the Asia-Pacific region is anticipated to grow at the highest CAGR of 15.3% and reach $264.6 million in 2028.
The Asia-Pacific growth is majorly attributed to the growing investments and the number of satellites launches in the developing nations such as China, India, Japan, and South Korea. The key reasons for the huge investments in this region are to cover the remote areas and because of the growing demand for the high speed data connectivity along with the high uninterrupted data services. Additionally, technological advancements taking place in this region is another key driver which is anticipated to boost the growth of Asia-Pacific region in the coming years. Moreover, the high spending on military and defense projects is also anticipated to upsurge the market in the near future.

Competitive Scenario in the Global Satellite Modem Market

Product advancements, innovations, and business expansion are common strategies followed by major market players.

Source: Research Dive Analysis

Some of the leading satellite modem market players are Datum System, ORBCOMM Inc., Gilat Satellite Networks Ltd., ST Engineering, Viasat, Inc., Teledyne Technologies, Comtech Telecommunications Corp., Work Microwave GmbH, Hughes Network Systems, and Novelsat.

Porter’s Five Forces Analysis for the Global Satellite Modem Market:

• Bargaining Power of Suppliers: The number of satellite modem players is moderate. However, there is a growing demand for connected devices and the GEO satellites, thus the bargaining power of suppliers is high. 
  Thus, the bargaining power suppliers is high.
• Bargaining Power of Buyers: Buyers have little bargaining power because establishing satellite modems requires a large capital investment. 
  Thus, the bargaining power of the buyers is low.
• Threat of New Entrants: The companies entering satellite modem market have to deal with high investment cost and adhere to the environmental regulations as well. 
  Thus, the threat of the new entrants is low.
• Threat of Substitutes: The availability of the alternatives for the satellite modem is very low. 
  Thus, the threat of substitutes is low.
• Competitive Rivalry in the Market: The competitive rivalry among industry leaders is extensive mainly because the number of players operating in satellite modem industry are focusing on enhancing the efficiency of the data transfers, business expansion, and product innovations.
  Therefore, competitive rivalry in the market is high.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.Channel type trends
2.3.Technology trends
2.4.Application trends
2.5.End-user trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Source landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview

4.Satellite Modem Market, by Channel Type

4.1.SCPC Modem

4.1.1.Market size and forecast, by region, 2021-2028
4.1.2.Comparative market share analysis, 2021 & 2028

4.2.MCPC Modem

4.2.1.Market size and forecast, by region, 2021-2028
4.2.2.Comparative market share analysis, 2021 & 2028

5.Satellite Modem Market, by Technology

5.1.VSAT

5.1.1.Market size and forecast, by region, 2021-2028
5.1.2.Comparative market share analysis, 2021 & 2028

5.2.Satcom-on-the-Move

5.2.1.Market size and forecast, by region, 2021-2028
5.2.2.Comparative market share analysis, 2021 & 2028

5.3.Satcom-on-the-Pause

5.3.1.Market size and forecast, by region, 2021-2028
5.3.2.Comparative market share analysis, 2021 & 2028

5.4.Others

5.4.1.Market size and forecast, by region, 2021-2028
5.4.2.Comparative market share analysis, 2021 & 2028

6.Satellite Modem Market, by Application

6.1.Mobile & Backhaul

6.1.1.Market size and forecast, by region, 2021-2028
6.1.2.Comparative market share analysis, 2021 & 2028

6.2.IP Trunking

6.2.1.Market size and forecast, by region, 2021-2028
6.2.2.Comparative market share analysis, 2021 & 2028

6.3.Enterprise & Broadband

6.3.1.Market size and forecast, by region, 2021-2028
6.3.2.Comparative market share analysis, 2021 & 2028

6.4.Media & Broadcast

6.4.1.Market size and forecast, by region, 2021-2028
6.4.2.Comparative market share analysis, 2021 & 2028

6.5.Others

6.5.1.Market size and forecast, by region, 2021-2028
6.5.2.Comparative market share analysis, 2021 & 2028

7.Satellite Modem Market, by End-users

7.1.Telecommunications

7.1.1.Market size and forecast, by region, 2021-2028
7.1.2.Comparative market share analysis, 2021 & 2028

7.2.Marine

7.2.1.Market size and forecast, by region, 2021-2028
7.2.2.Comparative market share analysis, 2021 & 2028

7.3.Military & Defence

7.3.1.Market size and forecast, by region, 2021-2028
7.3.2.Comparative market share analysis, 2021 & 2028

7.4.Transportation & Logistics

7.4.1.Market size and forecast, by region, 2021-2028
7.4.2.Comparative market share analysis, 2021 & 2028

7.5.Oil & Gas

7.5.1.Market size and forecast, by region, 2021-2028
7.5.2.Comparative market share analysis, 2021 & 2028

7.6.Others

7.6.1.Market size and forecast, by region, 2021-2028
7.6.2.Comparative market share analysis, 2021 & 2028

8.Satellite Modem Market, by Region

8.1.North America

8.1.1.Market size and forecast, by Channel Type, 2021-2028
8.1.2.Market size and forecast, by Technology, 2021-2028
8.1.3.Market size and forecast, by Application, 2021-2028
8.1.4.Market size and forecast, by End-user, 2021-2028
8.1.5.Market size and forecast, by country, 2021-2028
8.1.6.Comparative market share analysis, 2021 & 2028

8.1.7.U.S.

8.1.7.1.Market size and forecast, by Channel Type, 2021-2028
8.1.7.2.Market size and forecast, by Technology, 2021-2028
8.1.7.3.Market size and forecast, by Application, 2021-2028
8.1.7.4.Market size and forecast, by End-user, 2021-2028
8.1.7.5.Comparative market share analysis, 2021 & 2028

8.1.8.Canada

8.1.8.1.Market size and forecast, by Channel Type, 2021-2028
8.1.8.2.Market size and forecast, by Technology, 2021-2028
8.1.8.3.Market size and forecast, by Application, 2021-2028
8.1.8.4.Market size and forecast, by End-user, 2021-2028
8.1.8.5.Comparative market share analysis, 2021 & 2028

8.1.9.Mexico

8.1.9.1.Market size and forecast, by Channel Type, 2021-2028
8.1.9.2.Market size and forecast, by Technology, 2021-2028
8.1.9.3.Market size and forecast, by Application, 2021-2028
8.1.9.4.Market size and forecast, by End-user, 2021-2028
8.1.9.5.Comparative market share analysis, 2021 & 2028

8.2.Europe

8.2.1.Market size and forecast, by Channel Type, 2021-2028
8.2.2.Market size and forecast, by Technology, 2021-2028
8.2.3.Market size and forecast, by Application, 2021-2028
8.2.4.Market size and forecast, by End-user, 2021-2028
8.2.5.Market size and forecast, by country, 2021-2028
8.2.6.Comparative market share analysis, 2021 & 2028

8.2.7.UK

8.2.7.1.Market size and forecast, by Channel Type, 2021-2028
8.2.7.2.Market size and forecast, by Technology, 2021-2028
8.2.7.3.Market size and forecast, by Application, 2021-2028
8.2.7.4.Market size and forecast, by End-user, 2021-2028
8.2.7.5.Comparative market share analysis, 2021 & 2028

8.2.8.Germany

8.2.8.1.Market size and forecast, by Channel Type, 2021-2028
8.2.8.2.Market size and forecast, by Technology, 2021-2028
8.2.8.3.Market size and forecast, by Application, 2021-2028
8.2.8.4.Market size and forecast, by End-user, 2021-2028
8.2.8.5.Comparative market share analysis, 2021 & 2028

8.2.9.France

8.2.9.1.Market size and forecast, by Channel Type, 2021-2028
8.2.9.2.Market size and forecast, by Technology, 2021-2028
8.2.9.3.Market size and forecast, by Application, 2021-2028
8.2.9.4.Market size and forecast, by End-user, 2021-2028
8.2.9.5.Comparative market share analysis, 2021 & 2028

8.2.10.Spain

8.2.10.1.Market size and forecast, by Channel Type, 2021-2028
8.2.10.2.Market size and forecast, by Technology, 2021-2028
8.2.10.3.Market size and forecast, by Application, 2021-2028
8.2.10.4.Market size and forecast, by End-user, 2021-2028
8.2.10.5.Comparative market share analysis, 2021 & 2028

8.2.11.Italy

8.2.11.1.Market size and forecast, by Channel Type, 2021-2028
8.2.11.2.Market size and forecast, by Technology, 2021-2028
8.2.11.3.Market size and forecast, by Application, 2021-2028
8.2.11.4.Market size and forecast, by End-user, 2021-2028
8.2.11.5.Comparative market share analysis, 2021 & 2028

8.2.12.Rest of Europe

8.2.12.1.Market size and forecast, by Channel Type, 2021-2028
8.2.12.2.Market size and forecast, by Technology, 2021-2028
8.2.12.3.Market size and forecast, by Application, 2021-2028
8.2.12.4.Market size and forecast, by End-user, 2021-2028
8.2.12.5.Comparative market share analysis, 2021 & 2028

8.3.Asia Pacific

8.3.1.Market size and forecast, by Channel Type, 2021-2028
8.3.2.Market size and forecast, by Technology, 2021-2028
8.3.3.Market size and forecast, by Application, 2021-2028
8.3.4.Market size and forecast, by End-user, 2021-2028
8.3.5.Market size and forecast, by country, 2021-2028
8.3.6.Comparative market share analysis, 2021 & 2028

8.3.7.India

8.3.7.1.Market size and forecast, by Channel Type, 2021-2028
8.3.7.2.Market size and forecast, by Technology, 2021-2028
8.3.7.3.Market size and forecast, by Application, 2021-2028
8.3.7.4.Market size and forecast, by End-user, 2021-2028
8.3.7.5.Comparative market share analysis, 2021 & 2028

8.3.8.China

8.3.8.1.Market size and forecast, by Channel Type, 2021-2028
8.3.8.2.Market size and forecast, by Technology, 2021-2028
8.3.8.3.Market size and forecast, by Application, 2021-2028
8.3.8.4.Market size and forecast, by End-user, 2021-2028
8.3.8.5.Comparative market share analysis, 2021 & 2028

8.3.9.Japan

8.3.9.1.Market size and forecast, by Channel Type, 2021-2028
8.3.9.2.Market size and forecast, by Technology, 2021-2028
8.3.9.3.Market size and forecast, by Application, 2021-2028
8.3.9.4.Market size and forecast, by End-user, 2021-2028
8.3.9.5.Comparative market share analysis, 2021 & 2028

8.3.10.South Korea

8.3.10.1.Market size and forecast, by Channel Type, 2021-2028
8.3.10.2.Market size and forecast, by Technology, 2021-2028
8.3.10.3.Market size and forecast, by Application, 2021-2028
8.3.10.4.Market size and forecast, by End-user, 2021-2028
8.3.10.5.Comparative market share analysis, 2021 & 2028

8.3.11.Australia

8.3.11.1.Market size and forecast, by Channel Type, 2021-2028
8.3.11.2.Market size and forecast, by Technology, 2021-2028
8.3.11.3.Market size and forecast, by Application, 2021-2028
8.3.11.4.Market size and forecast, by End-user, 2021-2028
8.3.11.5.Comparative market share analysis, 2021 & 2028

8.3.12.Rest of Asia-Pacific

8.3.12.1.Market size and forecast, by Channel Type, 2021-2028
8.3.12.2.Market size and forecast, by Technology, 2021-2028
8.3.12.3.Market size and forecast, by Application, 2021-2028
8.3.12.4.Market size and forecast, by End-user, 2021-2028
8.3.12.5.Comparative market share analysis, 2021 & 2028

8.4.LAMEA

8.4.1.Market size and forecast, by Channel Type, 2021-2028
8.4.2.Market size and forecast, by Technology, 2021-2028
8.4.3.Market size and forecast, by Application, 2021-2028
8.4.4.Market size and forecast, by End-user, 2021-2028
8.4.5.Market size and forecast, by country, 2021-2028
8.4.6.Comparative market share analysis, 2021 & 2028

8.4.7.Brazil

8.4.7.1.Market size and forecast, by Channel Type, 2021-2028
8.4.7.2.Market size and forecast, by Technology, 2021-2028
8.4.7.3.Market size and forecast, by Application, 2021-2028
8.4.7.4.Market size and forecast, by End-user, 2021-2028
8.4.7.5.Comparative market share analysis, 2021 & 2028

8.4.8.Saudi Arabia

8.4.8.1.Market size and forecast, by Channel Type, 2021-2028
8.4.8.2.Market size and forecast, by Technology, 2021-2028
8.4.8.3.Market size and forecast, by Application, 2021-2028
8.4.8.4.Market size and forecast, by End-user, 2021-2028
8.4.8.5.Comparative market share analysis, 2021 & 2028

8.4.9.South Africa

8.4.9.1.Market size and forecast, by Channel Type, 2021-2028
8.4.9.2.Market size and forecast, by Technology, 2021-2028
8.4.9.3.Market size and forecast, by Application, 2021-2028
8.4.9.4.Market size and forecast, by End-user, 2021-2028
8.4.9.5.Comparative market share analysis, 2021 & 2028

8.4.10.Rest of LAMEA

8.4.10.1.Market size and forecast, by Channel Type, 2021-2028
8.4.10.2.Market size and forecast, by Technology, 2021-2028
8.4.10.3.Market size and forecast, by Application, 2021-2028
8.4.10.4.Market size and forecast, by End-user, 2021-2028
8.4.10.5.Comparative market share analysis, 2021 & 2028

9.Company profiles

9.1.Datum System

9.1.1.Business overview
9.1.2.Financial performance
9.1.3.Product portfolio
9.1.4.Recent strategic moves & developments
9.1.5.SWOT analysis

9.2.ORBCOMM Inc.

9.2.1.Business overview
9.2.2.Financial performance
9.2.3.Product portfolio
9.2.4.Recent strategic moves & developments
9.2.5.SWOT analysis

9.3.Gilat Satellite Networks Ltd.

9.3.1.Business overview
9.3.2.Financial performance
9.3.3.Product portfolio
9.3.4.Recent strategic moves & developments
9.3.5.SWOT analysis

9.4.ST Engineering

9.4.1.Business overview
9.4.2.Financial performance
9.4.3.Product portfolio
9.4.4.Recent strategic moves & developments
9.4.5.SWOT analysis

9.5.Viasat, Inc.

9.5.1.Business overview
9.5.2.Financial performance
9.5.3.Product portfolio
9.5.4.Recent strategic moves & developments
9.5.5.SWOT analysis

9.6.Teledyne Technologies

9.6.1.Business overview
9.6.2.Financial performance
9.6.3.Product portfolio
9.6.4.Recent strategic moves & developments
9.6.5.SWOT analysis

9.7.Comtech Telecommunications Corp.

9.7.1.Business overview
9.7.2.Financial performance
9.7.3.Product portfolio
9.7.4.Recent strategic moves & developments
9.7.5.SWOT analysis

9.8.Work Microwave GmbH

9.8.1.Business overview
9.8.2.Financial performance
9.8.3.Product portfolio
9.8.4.Recent strategic moves & developments
9.8.5.SWOT analysis

9.9.Hughes Network Systems

9.9.1.Business overview
9.9.2.Financial performance
9.9.3.Product portfolio
9.9.4.Recent strategic moves & developments
9.9.5.SWOT analysis

9.10.Novelsat

9.10.1.Business overview
9.10.2.Financial performance
9.10.3.Product portfolio
9.10.4.Recent strategic moves & developments
9.10.5.SWOT analysis

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