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Satellite Modem Market by Type, Application, and Geography - Forecast and Analysis 2020-2024

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR45870
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The satellite modem market size has the potential to grow by USD 139.96 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by type (MCPC and SCPC), application (communications, IP trunking, and tracking and monitoring), and geography (North America, APAC, Europe, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Baylin Technologies Inc., Comtech Telecommunications Corp., EchoStar Corp., Gilat Satellite Networks Ltd., NovelSat, ORBCOMM Inc., Singapore Technologies Engineering Ltd., Teledyne Technologies Inc., Viasat Inc., and WORK Microwave GmbH.

Market Overview

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Market Competitive Analysis

The market is fragmented. The key vendors in the market are focusing on M&A activities to increase their market share. Baylin Technologies Inc., Comtech Telecommunications Corp., and EchoStar Corp. are some of the major market participants. Although the increasing need to enhance offshore communication will offer immense growth opportunities, the high investments required for satellite internet and connectivity will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this satellite modem market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this satellite modem market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

 

  • Baylin Technologies Inc.
  • Comtech Telecommunications Corp.
  • EchoStar Corp.
  • Gilat Satellite Networks Ltd.
  • NovelSat
  • ORBCOMM Inc.
  • Singapore Technologies Engineering Ltd.
  • Teledyne Technologies Inc.
  • Viasat Inc.
  • WORK Microwave GmbH

 

Satellite Modem Market: Segmentation by Geography

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North America was the largest satellite modem market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising demand from end-users such as aerospace and defense firms and oil and gas companies will significantly drive satellite modem market growth in this region over the forecast period.

39% of the market’s growth will originate from North America during the forecast period. The US is the key market for satellite modem in North America. Market growth in this region will be slower than the growth of the market in APAC, MEA, and South America.

Satellite Modem Market: Segmentation by Type

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MCPC is defined as a satellite transmission platform that is used with VSAT systems. Different carrier signals, such as digital audio, video, and other broadcast signals, are multiplexed into a single digital data stream. The single carrier supports multiple communication channels. The use of MCPC contributes to lower transmission costs per channel (channels include data channel and voice channels). 

This report provides an accurate prediction of the contribution of all the segments to the growth of the satellite modem market size.

Satellite Modem Market: Key Drivers and Trends

Technavio’s market research analysts have identified the increasing need to enhance offshore communication as one of the primary factors that will trigger the growth of the satellite modem market size until 2024. To communicate offshore, there is a rising need to deploy effective communication networks for crews and passengers, including fisherman, sailors, and tourists on cruise ships. By using satellite communication, offshore communication can be enhanced. Offshore teams have comparatively fewer data and reduced speed as compared with the onshore team. Offshore teams cannot avail climate changes, wind speeds, and other environmental factors, and therefore they are dependent on the onshore team to provide important news and data. These factors are leading to high demand for satellite communication for the offshore team to protect them from danger. The growing demand for enhanced satellite communications is creating a demand for satellite modems to modulate and demodulate signals. Our market research analysts estimate that the market will grow steadily at a CAGR of over 7% by 2024.

The high preference for MEO and LEO over GEO satellites is one of the key satellite modem market trends. GEO satellites are being installed as they are less costly as compared with LEO and MEO satellites. However, MEO and LEO satellites are gaining more traction due to the increasing interest in GPS. As GPS has become an integral part of the satellite communications network, GPS is installed on ships and cars for navigation and is now available in smartphones. The growing demand for GPS will significantly increase the demand for MEO satellites.

 

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Satellite Modem Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive satellite modem market growth during the next five years
  • Precise estimation of the satellite modem market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the satellite modem industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of satellite modem market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five force summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Communications - Market size and forecast 2019-2024
    • IP trunking - Market size and forecast 2019-2024
    • Tracking and monitoring - Market size and forecast 2019-2024
    • Market opportunity by Application

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • MCPC - Market size and forecast 2019-2024
    • SCPC - Market size and forecast 2019-2024
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2019-2024
      • APAC - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends
      • High preference for MEO and LEO over GEO satellites
      • Increasing need to integrate satellite communication in autonomous cars
      • Evolution of frequency bands

      Vendor Landscape

      • Competitive scenario
      • Vendor landscape
      • Landscape disruption
      • Industry risks

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Baylin Technologies Inc.
      • Comtech Telecommunications Corp.
      • EchoStar Corp.
      • Gilat Satellite Networks Ltd.
      • NovelSat
      • ORBCOMM Inc.
      • Singapore Technologies Engineering Ltd.
      • Teledyne Technologies Inc.
      • Viasat Inc.
      • WORK Microwave GmbH

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

        Research Framework

        Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

        TechnavioINFORMATION SOURCES

        Primary sources

        • Manufacturers and suppliers
        • Channel partners
        • Industry experts
        • Strategic decision makers

        Secondary sources

        • Industry journals and periodicals
        • Government data
        • Financial reports of key industry players
        • Historical data
        • Press releases
        Technavio

        TechnavioDATA ANALYSIS

        Data Synthesis

        • Collation of data
        • Estimation of key figures
        • Analysis of derived insights

        Data Validation

        • Triangulation with data models
        • Reference against proprietary databases
        • Corroboration with industry experts
        Technavio

        TechnavioREPORT WRITING

        Qualitative

        • Market drivers
        • Market challenges
        • Market trends
        • Five forces analysis

        Quantitative

        • Market size and forecast
        • Market segmentation
        • Geographical insights
        • Competitive landscape
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        The satellite modem market growth will increase by $139.96 million during 2019-2024.
        The satellite modem market is expected to grow at a CAGR of 7.21% during 2019-2024.
        Technavio has segmented the satellite modem market by type (MCPC and SCPC) ,application (Communications, IP trunking, and Tracking and monitoring) , and geographic (North America, APAC, Europe, South America, and MEA).
        Baylin Technologies Inc., Comtech Telecommunications Corp., EchoStar Corp., Gilat Satellite Networks Ltd., NovelSat, ORBCOMM Inc., Singapore Technologies Engineering Ltd., Teledyne Technologies Inc., Viasat Inc., WORK Microwave GmbH are a few of the key vendors in the satellite modem market.
        North America will register the highest growth rate of 38.67% among the other regions. Therefore, the satellite modem market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
        The key factors driving the satellite modem market growth are:
        • Increasing need to enhance offshore communication
        The satellite modem market vendors should focus on grabbing business opportunities from the mcpc segment as it accounted for the largest market share in the base year.
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