Published Date: 30-Sep-2022
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According to a new report, published by KBV research, The Global Satellite Modem Market size is expected to reach $952.2 million by 2028, rising at a market growth of 15.5% CAGR during the forecast period.
The SCPC Modem market is generating high revenue in the Global Satellite Modem Market by Channel Type in 2021; thereby, achieving a market value of $607 million by 2028. SCPC refers to the use of a single signal at a specified frequency and bandwidth. This is often used on broadcasting satellites to denote that broadcasters are not combined as sub- carriers onto a single video carrier, but rather share a transponder separately.
The Mobile & Backhaul market would witness a CAGR of 15.7% during (2022 - 2028). Mobile backhaul relates to the transport system that connects the mobile network's core network and RAN (Radio Access Network). The recent advent of tiny cells has spawned the notion of fronthaul, a transport network connecting the macrocell to the small cells.
The Satcom-on-the-move market is leading the Global Satellite Modem Market by Technology in 2021; thereby, achieving a market value of $398.3 million by 2028. It is because they are becoming increasingly prevalent in commercial and military applications. These terminals are utilized primarily for strategic communication in military applications. SOTM terminals are utilized for broadband communication by ships, trains, aircraft, and other modes of transportation.
The Telecommunications market is exhibiting a CAGR of 17.1% during (2022 - 2028). Thus, modems enable conventional telecommunications mediums to allow a wide range of data communication, such as e-mail transmission between personal computers, facsimile transmission between fax machines, and the uploading of audio-video files from a World Wide Web server to a personal computer.
The North America market dominated the Global Satellite Modem Market by Region in 2021; thereby, achieving a market value of $362.8 million by 2028. The Europe market is experiencing a CAGR of 15% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 16% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/satellite-modem-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Comtech Telecommunications Corp., Datum System, Gilat Satelite Networks Ltd., Hughes Network Systems, LLC (EchoStar Corporation), Orbcomm, Inc. (GI Partners), NOVELSAT, ST Engineering iDirect, Inc. (Vision Technologies Electronics, Inc.), Teledyne Technologies, Inc., Viasat, Inc. and WORK Microwave GmbH.
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