Satellite Modem Market by Application, Type, and Geography - Forecast and Analysis 2022-2026

Published: Aug 2022

Pages: 120

SKU: IRTNTR45870

Snapshot

The satellite modem market share is expected to increase by USD 157.73 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.21%.

This satellite modem market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers satellite modem market segmentation by application (communications, IP trucking, and tracking and monitoring), type (MCPC and SCPC), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The satellite modem market report also offers information on several market vendors, including Amplus Communication Pte Ltd., Applied Satellite Technology Ltd., AYECKa Ltd., Baylin Technologies Inc., Comtech Telecommunications Corp., Datum Systems Inc, EchoStar Corp., Gilat Satellite Networks Ltd, Iridium Communications Inc., NovelSat, ORBCOMM Inc., SATCOM Services Corp., SatExpander, Singapore Technologies Engineering Ltd., skyDSL Global GmbH, Teledyne Technologies Inc., THISS Technologies Pte Ltd., Thuraya Telecommunications Co., Viasat Inc., and WORK Microwave GmbH among others.

What will the Satellite Modem Market Size be During the Forecast Period?

Download Report Sample to Unlock the Satellite Modem Market Size for the Forecast Period and Other Important Statistics

Satellite Modem Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing need to enhance offshore communication is notably driving the satellite modem market growth, although factors such as high investments required for satellite internet and connectivity may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the satellite modem industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Satellite Modem Market Driver

The increasing need to enhance offshore communication is one of the key drivers fueling the satellite modem market growth. Offshore teams cannot have the same speed and data connectivity rates that are obtained onshore. They have less information on changing climate conditions and are more focused on following procedures. Further, offshore teams are highly dependent on onshore teams to provide any important news or data regarding climate changes, wind speeds, and other environmental factors. In such cases, satellite communication is important to protect the offshore team from danger. The increasing demand for improved satellite communication is creating a demand for satellite modems to modulate and demodulate signals. Thus, an increase in oil and gas exploration and production (E&P) activities will drive the growth of the market during the forecast period.

Key Satellite Modem Market Trend

High preference for MEO and LEO over GEO satellites is one of the key satellite modem market trends propelling the market growth. One of the major reasons for the growth of LEO and MEO satellites is the increasing interest in GPS. It has become an integral part of the satellite communications network. It also provides drivers with information regarding the best routes and directions. Numerous MEO satellites are launched into space to provide GPS. With the rise in the demand for GPS connectivity, the need for more MEO satellites will increase. This, in turn, will create a demand for numerous satellite modems to be installed across base stations for efficient signal transmission.

Key Satellite Modem Market Challenge

High investments required for satellite internet and connectivity is one of the factors limiting the satellite modem market growth. Satellite internet is a type of Internet service where a connection is established via a satellite dish and modem. It is expensive compared with other network connection technologies. The monthly rent for this service is comparable to DSL and cable packages. However, installation and equipment costs are very high. Consumers that want a satellite internet connection have to spend heavily on a satellite modem, satellite dish, and satellite router. Users also need to pay professional service charges for satellite dish installation, which increases the overall cost of satellite internet connections. Such associated high costs will limit the market growth in the forecasted period.

This satellite modem market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global satellite modem market as a part of the global communications equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the satellite modem market during the forecast period.

Who are the Major Satellite Modem Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the satellite modem market encompasses successful business strategies deployed by the key vendors. The satellite modem market is fragmented and the vendors are deploying growth strategies such as portfolio, quality, and reliability to compete in the market.

Product Insights and News

Baylin Technologies Inc. - Through the unified segment, the company offers wireless communication solutions through its subsidiaries Galtronics Corporation, Advantech Wireless Technologies Inc., and Alga Microwave.
Baylin Technologies Inc. - The company offers satellite modems namely AMT 83L through its subsidiary Advantech Wireless.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The satellite modem market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Satellite Modem Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the satellite modem market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Satellite Modem Market?

For more insights on the market share of various regions Request PDF Sample now!

39% of the market’s growth will originate from North America during the forecast period. The US is the key market for the satellite modem market in North America. Market growth in this region will be faster than the growth of the market in Europe.

The need for satellite communication by oil and gas companies will facilitate the satellite modem market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The regional market witnessed a slow growth in 2020, owing to the outbreak of the COVID-19 pandemic. However, the strict lockdown due to increasing COVID-19 cases has increased the adoption of the internet for online education, virtual private network (VPN) access, and accessing essential government and medical information in 2020. This, in turn, will propel the market growth during the forecast period.

What are the Revenue-generating Application Segments in the Satellite Modem Market?

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The satellite modem market share growth in the communications segment will be significant during the forecast period. The demand for satellite connectivity is increasing in the communications segment. It is gaining traction in the mobile industry primarily because of the deployment of 4G and increasing investments in 5G. Satellite backhaul is a critical component of the wireless terrestrial infrastructure and will continue to be vital for 5G as well. Moreover, the growth of the segment is driven by the growing penetration of 3G or 4G and increasing investments in the commercialization of 5G. This, in turn, is expected to boost the market growth as well.

This report provides an accurate prediction of the contribution of all the segments to the growth of the satellite modem market size and actionable market insights on post COVID-19 impact on each segment.

Satellite Modem Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 7.21%
Market growth 2022-2026	$ 157.73 million
Market structure	Fragmented
YoY growth (%)	6.61
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	North America at 39%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Amplus Communication Pte Ltd., Applied Satellite Technology Ltd., AYECKa Ltd., Baylin Technologies Inc., Comtech Telecommunications Corp., Datum Systems Inc, EchoStar Corp., Gilat Satellite Networks Ltd, Iridium Communications Inc., NovelSat, ORBCOMM Inc., SATCOM Services Corp., SatExpander, Singapore Technologies Engineering Ltd., skyDSL Global GmbH, Teledyne Technologies Inc., THISS Technologies Pte Ltd., Thuraya Telecommunications Co., Viasat Inc., and WORK Microwave GmbH
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact, and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Satellite Modem Market Report?

CAGR of the market during the forecast period 2022-2026
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 Middle East and Africa
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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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments
- Exhibit 25: Chart on Application - Market share 2021-2026 (%)
- Exhibit 26: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application
- Exhibit 27: Chart on Comparison by Application
- Exhibit 28: Data Table on Comparison by Application

5.3 Communications - Market size and forecast 2021-2026
- Exhibit 29: Chart on Communications - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Data Table on Communications - Market size and forecast 2021-2026 ($ million)
- Exhibit 31: Chart on Communications - Year-over-year growth 2021-2026 (%)
- Exhibit 32: Data Table on Communications - Year-over-year growth 2021-2026 (%)

5.4 IP trucking - Market size and forecast 2021-2026
- Exhibit 33: Chart on IP trucking - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Data Table on IP trucking - Market size and forecast 2021-2026 ($ million)
- Exhibit 35: Chart on IP trucking - Year-over-year growth 2021-2026 (%)
- Exhibit 36: Data Table on IP trucking - Year-over-year growth 2021-2026 (%)

5.5 Tracking and monitoring - Market size and forecast 2021-2026
- Exhibit 37: Chart on Tracking and monitoring - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Data Table on Tracking and monitoring - Market size and forecast 2021-2026 ($ million)
- Exhibit 39: Chart on Tracking and monitoring - Year-over-year growth 2021-2026 (%)
- Exhibit 40: Data Table on Tracking and monitoring - Year-over-year growth 2021-2026 (%)

5.6 Market opportunity by Application
- Exhibit 41: Market opportunity by Application ($ million)

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 42: Chart on Type - Market share 2021-2026 (%)
- Exhibit 43: Data Table on Type - Market share 2021-2026 (%)

6.2 Comparison by Type
- Exhibit 44: Chart on Comparison by Type
- Exhibit 45: Data Table on Comparison by Type

6.3 MCPC - Market size and forecast 2021-2026
- Exhibit 46: Chart on MCPC - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on MCPC - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on MCPC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on MCPC - Year-over-year growth 2021-2026 (%)

6.4 SCPC - Market size and forecast 2021-2026
- Exhibit 50: Chart on SCPC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on SCPC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on SCPC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on SCPC - Year-over-year growth 2021-2026 (%)

6.5 Market opportunity by Type
- Exhibit 54: Market opportunity by Type ($ million)

7 Customer Landscape

7.1 Customer landscape overview
- Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation
- Exhibit 56: Chart on Market share by geography 2021-2026 (%)
- Exhibit 57: Data Table on Market share by geography 2021-2026 (%)

8.2 Geographic comparison
- Exhibit 58: Chart on Geographic comparison
- Exhibit 59: Data Table on Geographic comparison

8.3 North America - Market size and forecast 2021-2026
- Exhibit 60: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 61: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 62: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 63: Data Table on North America - Year-over-year growth 2021-2026 (%)

8.4 APAC - Market size and forecast 2021-2026
- Exhibit 64: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 65: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 66: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 67: Data Table on APAC - Year-over-year growth 2021-2026 (%)

8.5 Europe - Market size and forecast 2021-2026
- Exhibit 68: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 69: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 70: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 71: Data Table on Europe - Year-over-year growth 2021-2026 (%)

8.6 South America - Market size and forecast 2021-2026
- Exhibit 72: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 73: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 74: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 75: Data Table on South America - Year-over-year growth 2021-2026 (%)

8.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

8.8 US - Market size and forecast 2021-2026
- Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)

8.9 China - Market size and forecast 2021-2026
- Exhibit 84: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 85: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 86: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 87: Data Table on China - Year-over-year growth 2021-2026 (%)

8.10 Germany - Market size and forecast 2021-2026
- Exhibit 88: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 89: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 90: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 91: Data Table on Germany - Year-over-year growth 2021-2026 (%)

8.11 Japan - Market size and forecast 2021-2026
- Exhibit 92: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 93: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 94: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 95: Data Table on Japan - Year-over-year growth 2021-2026 (%)

8.12 UK - Market size and forecast 2021-2026
- Exhibit 96: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 97: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 98: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 99: Data Table on UK - Year-over-year growth 2021-2026 (%)

8.13 Market opportunity by geography
- Exhibit 100: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges
- Exhibit 101: Impact of drivers and challenges in 2021 and 2026

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape
- Exhibit 102: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption
- Exhibit 103: Overview on factors of disruption

10.4 Industry risks
- Exhibit 104: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
- Exhibit 105: Vendors covered

11.2 Market positioning of vendors
- Exhibit 106: Matrix on vendor position and classification

11.3 Baylin Technologies Inc.
- Exhibit 107: Baylin Technologies Inc. - Overview
- Exhibit 108: Baylin Technologies Inc. - Product / Service
- Exhibit 109: Baylin Technologies Inc. - Key offerings

11.4 Comtech Telecommunications Corp.
- Exhibit 110: Comtech Telecommunications Corp. - Overview
- Exhibit 111: Comtech Telecommunications Corp. - Business segments
- Exhibit 112: Comtech Telecommunications Corp. - Key offerings
- Exhibit 113: Comtech Telecommunications Corp. - Segment focus

11.5 Datum Systems Inc
- Exhibit 114: Datum Systems Inc - Overview
- Exhibit 115: Datum Systems Inc - Product / Service
- Exhibit 116: Datum Systems Inc - Key offerings

11.6 EchoStar Corp.
- Exhibit 117: EchoStar Corp. - Overview
- Exhibit 118: EchoStar Corp. - Business segments
- Exhibit 119: EchoStar Corp. - Key news
- Exhibit 120: EchoStar Corp. - Key offerings
- Exhibit 121: EchoStar Corp. - Segment focus

11.7 Gilat Satellite Networks Ltd
- Exhibit 122: Gilat Satellite Networks Ltd - Overview
- Exhibit 123: Gilat Satellite Networks Ltd - Business segments
- Exhibit 124: Gilat Satellite Networks Ltd - Key offerings
- Exhibit 125: Gilat Satellite Networks Ltd - Segment focus

11.8 Iridium Communications Inc.
- Exhibit 126: Iridium Communications Inc. - Overview
- Exhibit 127: Iridium Communications Inc. - Product / Service
- Exhibit 128: Iridium Communications Inc. - Key news
- Exhibit 129: Iridium Communications Inc. - Key offerings

11.9 NovelSat
- Exhibit 130: NovelSat - Overview
- Exhibit 131: NovelSat - Product / Service
- Exhibit 132: NovelSat - Key offerings

11.10 ORBCOMM Inc.
- Exhibit 133: ORBCOMM Inc. - Overview
- Exhibit 134: ORBCOMM Inc. - Product / Service
- Exhibit 135: ORBCOMM Inc. - Key offerings

11.11 Teledyne Technologies Inc.
- Exhibit 136: Teledyne Technologies Inc. - Overview
- Exhibit 137: Teledyne Technologies Inc. - Business segments
- Exhibit 138: Teledyne Technologies Inc. - Key news
- Exhibit 139: Teledyne Technologies Inc. - Key offerings
- Exhibit 140: Teledyne Technologies Inc. - Segment focus

11.12 Viasat Inc.
- Exhibit 141: Viasat Inc. - Overview
- Exhibit 142: Viasat Inc. - Business segments
- Exhibit 143: Viasat Inc. - Key news
- Exhibit 144: Viasat Inc. - Key offerings
- Exhibit 145: Viasat Inc. - Segment focus

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist
- Exhibit 146: Inclusions checklist
- Exhibit 147: Exclusions checklist

12.3 Currency conversion rates for US$
- Exhibit 148: Currency conversion rates for US$

12.4 Research methodology
- Exhibit 149: Research methodology
- Exhibit 150: Validation techniques employed for market sizing
- Exhibit 151: Information sources

12.5 List of abbreviations
- Exhibit 152: List of abbreviations

Methodology

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.

INFORMATION 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

DATA 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

REPORT 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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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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