Allied Market Research published an exclusive report, titled, “Satellite Modem Market by Channel Type (SCPC Modem and MCPC Modem), Technology (VSAT, Satcom-on-the-move, Satcom-on-the-pause, and Others), Applications (Mobile & Backhaul, IP-trunking, Enterprise & Broadband, Media & Broadcast, and Others), and End User (Telecommunications, Marine, Military & Defense, Transportation & Logistics, Oil & Gas, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030”.
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The global satellite modem market report summarizes market developments, competitor analysis, and future market and technological predictions. The report also assists the major market players in increasing their market share and maintaining their competitive position in the sector. It does this by highlighting the global satellite modem market from 2022 to 2031.
“The global satellite modem market was valued at $354.6 million in 2020, and is projected to reach $1033.4 million by 2030, registering a CAGR of 16.5% from 2021 to 2030. “
Additionally, it offers a qualitative analysis of a range of factors, such as the strategies employed by significant rivals, implicit possibilities, immediate impact on market size, regulatory framework, and economic influence. Significant investments are also included in the market research, on which stakeholders can base their CAGR and relative satellite modem market
shares.
Research Methodology
The research operandi of the global satellite modem market includes significant primary as well as secondary research. When the primary methodology encompasses widespread discussion with a plethora of valued participants, the secondary research involves a substantial amount of product/service descriptions. Furthermore, several government sites, industry bulletins, and
press releases have also been properly examined to bring forth high-value industry insights.
Key Market Segments
By Channel Type
• SCPC Modem
• MCPC Modem
By Technology
• VSAT
• Satcom-on-the-move
• Satcom-on-the-pause
• Others
By Application
• Mobile & Backhaul
• IP-trunking
• Enterprise & Broadband
• Media & Broadcast
• Others
By End User
• Telecommunications
• Marine
• Military & Defense
• Transportation & Logistics
• Oil & Gas
• Others
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The satellite modem market is evaluated based on its regional penetration, explaining the performance of the industry in each geographicregions covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Some of the Broader Aspects That Our AMR Team Focuses On Are:
- The teams emphasize obtaining relevant insights into various models of competitive advantage
while developing a core environment analysis. - Our professional team of analysts is always striving tounderstand the big picture of any industry, particularly in terms of its
growth stages. - The specialists are also constantly adapting organizations’ value chain analysis procedures to better understand how customer value is
generated.
The report also investigates the global satellite modem market’s competitive landscape. It includes information about the product portfolios, market positioning, business performance, strengths, and market size and share analysis. It includes the strategies used by the frontrunners to grow and expand their presence by entering into agreements and entering new business sectors. Other strategic moves used by key market players involve joint ventures, product launches and mergers and acquisitions. The prominent market players discussed in the global satellite modem market include Viasat Inc., ORBCOMM Inc., Novelsat, Datum System, Hughes Networks Systems, Contech Telecommunications Corp., ST Engineering, Teledyne Technologies, Gilat Satellite Networks Ltd., and Work Microwave GmbH.
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The global satellite modem market report provides a detailed analysis of the industry based on the key parameters including sales analysis, market extent, essential drivers, and probable deals. The market is expected to grow significantly during the forecast period. Moreover, the report focuses on extensive statistics about the drivers, restraints, and opportunities that have a direct impact on the market. The drivers are the underlying factors that motivate consumers to purchase products, resulting in market expansion. The forces that cause the market to lag are known as restraints. The report additionally discusses opportunities to assist players in taking steps toward growth by assessing the potential in untapped regions.
However, ambiguity in regulations framework pertaining to satellite communications protocols and standards is restraining the market growth. On the contrary, proposed development of satellite networks to offer internet access in remote areas is expected to provide lucrative opportunities for the growth of this market during the forecast period.
The outbreak of COVID-19 has significantly boosted the growth of the satellite modem market, owing to lack of skilled workforce availability, delay or cancelation of projects, owing to partial or complete lockdown globally. Considering the inputs of various industry experts globally, the third wave of COIVID-19 pandemic is significantly affecting the growth of satellite modem market across the U.S. and the UK. However, increase in demand for 5G network solution globally is expected to drive the growth of this market during the forecast period.
Top Impacting Factors
Significant factors that impact the growth of the global satellite modem industry include surge in demand for satellite communication in Internet of Things (IoT), increase in need for enriched high-speed data communications, and rise in number of high-throughput satellites. Furthermore, ambiguity in regulatory framework pertaining to satellite communication protocols and standards affects the market growth. In addition, proposed development of satellite networks to provide internet access in remote areas influences the market growth. However, each of these factors is anticipated to have a definite impact on the growth of the global satellite modem market during the forecast period.
Key Benefits for Stakeholders:
- Extensive market research, as well as information on major driving factors, restraining factors, and possible opportunities are provided.
- This research includes a quantitative study of the current trends, market segments, forecasts, and dynamics of the satellite modem market analysis during the forecast period.
- An in-depth analysis of satellite modem market segmentation helps in determining current market opportunities.
- Porter’s five forces study emphasizes the ability of consumers and vendors to strengthen their supplier-buyer network and make profitable business decisions.
- The report analyzes regional and global satellite modem market trends, market segmentation, prominent players, market growth strategies, and application areas.
- Market participants’ positioning promotes comparative analysis and offers a clear knowledge of the market player’s current position.
- The major countries in each region are mapped based on their revenue contribution to the global satellite modem market.
The satellite modem market report is a summary of the operations of various organizations in the sector from various regions. At the same time, the research examines the market size of four major regions: North America, Asia-Pacific, Europe, and LAMEA. The study is an excellent compilation of quantitative and qualitative data emphasizing key industry developments and challenges, as well as the lucrative opportunities available in the sector. These insights provide the necessary guidance to identify driving factors and implement strategies to achieve long-term growth and capitalize on market opportunities.
Key Points Covered by the Report-
- What are the fundamentalskills, core competencies, and key players in the industry we are examining?
- What are the opportunities for marketing strategies that are developing at a usual rate?
- What are the main competitive factors influencing the industry?
- What marketing tactics are suitable for a particular service or product?
- What geographical areas are covered by the satellite modem market report?
- What share of this market would each of the following regions hold during the forecast period: Asia-Pacific, Europe, North America, and LAMEA?
- How has COVID-19 impacted the satellite modem market?
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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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