LONDON--(BUSINESS WIRE)--The satellite modem market is expected to grow by USD 139.96 million during 2020-2024, expanding at a CAGR of over 7%. The report also throws light on the impact of the COVID-19 pandemic on the market and the new opportunities and challenges market players can expect. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.
- Drivers Semc Japan Modems Router
- Drivers Semc Japan Modems Wireless
- Drivers Semc Japan Modems For Sale
ZTE AL621 4G LTE FDD DC-HSPA USB Modem. ZTE MF826 4G LTE FDD USB Datacard. ZTE MF861 AT&T Velocity USB Stick. Australia-New Zealand Brazil Canada Canada China Mainland France Germany Hong Kong S.A.R. Of China Hong Kong S.A.R. Of China India Italy Japan Middle East and Africa Rest of Asia Pacific Rest of Europe Rest of Latin America and Caribbean Russian Federation South Korea Spain Taiwan Region United Kingdom United States of America.
The report offers a detailed analysis of the impact of the COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios. - Get FREE Sample Report within MINUTES
Satellite Modem Market: Increasing need to enhance offshore communication to drive growth
Drivers Semc Japan Modems Router
Providing offshore cellular communication and the installation of cell towers is a challenging task. Moreover, laying fiber cables and copper cables on the seabed is highly expensive and requires a lot of maintenance. Also, data transfer speeds achieved through offshore cellular networks is low compared to the data connectivity rates in onshore. To overcome such challenges, there is an increase in demand for satellite communication services from offshore teams. This has increased the demand for satellite modems to establish satellite internet and satellite communications. Therefore, the need to enhance offshore communication is expected to drive the growth of the global satellite modem market during the forecast period.
Is there any relief during this COVID pandemic? Click to know
As per Technavio, the rising demand for Internet connectivity in rural areas will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Satellite Modem Market: Rising demand for internet connectivity in rural areas
Rural areas have poor infrastructure, which discourages most network service providers to construct cell towers or deploy fiber connectivity services. It also incurs significant maintenance costs for network service providers to operate in such areas. With the rising adoption of smart and mobile devices in rural areas, the demand for internet connectivity has increased significantly among rural households. This has increased the adoption of satellite communication services in places that lack proper infrastructure, which is expected to fuel the demand for satellite modems during the forecast period.
“Rising investment on satellite communication by governments and public safety agencies and the growing need for satellite systems in 5G ecosystem will further boost market growth during the forecast period,” says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports
Related Reports on Information Technology Include:
Global Satellite Ground Station Equipment Market – Global satellite ground station equipment market is segmented by type (NOC equipment, VSAT equipment, antennas, power units, and others) and geography (APAC, Europe, MEA, North America, and South America).Click Here to Get an Exclusive Free Sample Report
Global Quantum Sensors Market – Global quantum sensors market is segmented by product (atomic clocks, PAR quantum sensors, gravity sensors, magnetic sensors, and other sensors), application (military and defense, agriculture, oil and gas, automotive, and other applications), and geography (APAC, Europe, MEA, North America, and South America).Click Here to Get an Exclusive Free Sample Report
Satellite Modem Market: Segmentation Analysis
This market research report segments the satellite modem market by Type (MCPC and SCPC), Geography (North America, APAC, Europe, South America, and MEA), and Application (Communications, IP trunking, and Tracking and monitoring).
The North America region led the satellite modem market in 2020, followed by APAC, Europe, South America, and MEA respectively. During the forecast period, the North America region is expected to register the highest incremental growth due to the increasing investments in new oil and gas E&P activities.
Technavio’s sample reports are free of charge and Gain competitive intelligence about market players. Track key industry trends, opportunities, and threats. Inform your marketing, brand, strategy, and market development. Request a free sample report
Some of the key topics covered in the report include:
Drivers Semc Japan Modems Wireless
Market Challenges
Market Drivers
Market Trends
Vendor Landscape
Drivers Semc Japan Modems For Sale
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.