Satellite Modem Market Size
Satellite Modem Market size was over USD 490 million in 2023 and is expected to grow at a CAGR of more than 9.5% during 2024 & 2032.
A satellite modem is a device used to transmit and receive data over satellite communication networks. It modulates digital data into radio signals for transmission to satellites and demodulates received signals back into digital data. Satellite modems facilitate various applications including internet access, telecommunication, remote sensing, and broadcasting, enabling communication in remote or inaccessible areas without traditional wired infrastructure.
The increasing adoption of satellite networks for use in military & defense applications is a significant market growth driver. With defense organizations everywhere increasingly using satellite communication to provide secure and reliable data transfer, more demand is created for sophisticated satellite modems that are capable of complying with high security and performance standards. These modems enable encrypted communication, real-time situational awareness, and command & control functions, resulting in the development of specialized, high-performance solutions for military requirements.
For example, Comtech received a USD 48.6 million Army contract for a new satellite communications modem that combines multiple networks. This modem will be used to replace the current standard modem utilized for transmitting and receiving SATCOM signals in Army land systems, as well as in those of the Navy and Air Force, according to company and Army reports.
| 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 (Enter Corporate Email ID’ for a Free Sample Report): https://www.marketinsightsresearch.com/request/download/6/99/Satellite-Modem-Market |
Report Attribute Details
Base Year 2023
Satellite Modem Market Size in 2023 USD 490 Million
Forecast Period 2024 – 2032
Forecast Period 2024 – 2032 CAGR 9.5%
2024 – 2032 Value Projection USD 1.1 Billion
Historical Data for 2018 – 2023
No. of Pages 250
Tables, Charts & Figures 365
Segments covered channel type, data rate, application, end-use industry, and region
Growth Drivers
Growing demand for high-speed internet connectivity in remote locations
Rising adoption of satellite communication for maritime and aviation applications
Growing satellite-based broadcasting and media services
Growing deployment of satellite networks for military & defense uses
Increased adoption of satellite modems by energy & utility industries for remote monitoring and control
Pitfalls & Challenges
Reliance on atmospheric conditions
Technological obsolescence
Satellite Modem Market Trends
Market trends worth observing are the increasing adoption of High Throughput Satellites (HTS) to address the increased demand for bandwidth-hungry applications like video streaming and data transfer. The other trend is the use of new features like Adaptive Coding and Modulation (ACM) and enhanced Forward Error Correction (FEC) techniques to enhance signal reliability & efficiency. In addition, there is a trend for smaller & lighter modem designs to support new applications on the Internet of Things (IoT) and mobile satellite communications.
For example, in June 2023, Qualcomm introduced new satellite IoT solutions to offer continuous remote monitoring and asset tracking. The company introduced two modem chipsets with satellite capabilitythe Qualcomm 212S Modem and the Qualcomm 9205S Modem. The modem chipsets drive off-grid industrial applications that need independent Non-terrestrial Network (NTN) connectivity or hybrid connectivity with terrestrial networks and enable IoT businesses, developers, ODMs, and OEMs to tap into real-time information and insights to run business projects.
In addition, the market is witnessing growth in demand for satellite modems with in-built cybersecurity capabilities to cater to increasing data security and privacy concerns. Overall, these trends are a steady progression in satellite modem technology to address the growing need for high-speed, reliable, and secure satellite communication solutions across industries & applications.
Satellite Modem Market Analysis
Discover more about the dominant segments influencing this market
On the basis of end-use industry, the market is divided into energy & utilities, government, marine, media & entertainment, military & defense, mining, oil & gas, telecommunications, transportation & logistics, and others. The military & defense segment held the market share of more than 25% in 2023.
Satellite modem Market Share
Viasat, Inc. and Comtech Telecommunications Corp. possess a prominent share of more than 30% in the market. Viasat, Inc. is a leading international communications corporation that supplies internet and network connectivity services using satellite technology to consumer, business, and government end-users. It supplies numerous varieties of satellite modems and allied equipment with appropriate customization to different applications, ranging from broadband access to the Internet, airborne connections, defense communications, etc. With its rich experience and innovative technologies, Viasat is instrumental in determining the satellite communication trend and propelling modem market growth.
Key players, including Hughes Network Systems, Viasat, Inc., Gilat Satellite Networks Ltd., and Comtech Telecommunications Corp., are always taking strategic steps, including geographical expansion, acquisitions, mergers, collaborations, partnerships, and product or service launches, to capture market shares.
| Buy this Premium Research Report to explore detailed market trends – https://www.marketinsightsresearch.com/report/buy_now/6/99/Satellite-Modem-Market |
Satellite modem Market Companies
Major players operating in the satellite modem industry are
- Amplus Communication
- AYECKA Ltd.
- Comtech Telecommunications Corp.
- Datum Systems
- Gilat Satellite Networks Ltd.
- Hughes Network Systems
- ND SATCOM
- NOVELSAT
- ORBCOMM Inc.
- SatixFy
- ST Engineering
- Teledyne Technologies
- Viasat, Inc.
- WORK Microwave GmbH
