Satellite Modem Market

Global Satellite Modem Market Size (2023 to 2028)

The global satellite modem market is expected to be worth 404.35 billion USD in 2023. It is expected to grow at a CAGR of 13.2% during the forecast period and reach a value of 751.60 billion USD by 2028.

A satellite modem, sometimes known as a sat modem, is a modem that uses a communications satellite as a relay to establish data transfers. The primary function of a satellite modem is to convert an input bit stream to a radio signal and vice versa. To establish a communication channel, a satellite modem is not the only device required. Satellite antennae and frequency converters are also required for the establishment of a satellite link. The data to be communicated is transferred from data terminal equipment to a modem. The modem's output is normally intermediate frequency (IF) (50-200 MHz), but the signal is also modified directly to the L band. Before amplification and transmission, the frequency must usually be transformed using an upconverter. A modulated signal is a series of symbols or pieces of data, each of which is represented by a signal state, such as a bit or a few bits, depending on the modulation method. One of the most significant duties of a demodulator is to recover a symbol clock (make a local symbol clock generator synchronized with the remote one). Similarly, a satellite signal is first down-converted (using a Low-noise block converter - LNB), then demodulated by a modem, and finally handled by data terminal equipment. 

Market Drivers:

As the increasing need for the best ways and High-Speed data transmission is expected to be the major driving factor for the Global Satellite Modem Market during the Forecast Period. Over the forecast years, the Satellite Modem Market is likely to be driven by an increase in the demand for richer data transmission and increasing demand for solutions that may assist in vehicle tracking, asset monitoring, and fleet management. In addition, satellite modem makers' continual innovation to ensure the market's growth is expected to give the market a boost in the approaching years. Additionally, the market is expected to be fuelled by increased demand for satellite communication from various sectors, as well as a rising need for satellite communication in the Internet of Things and the combination of satellite and mobile technologies throughout the estimated period.

Market Restraints:

Ambiguity in regulatory systems pertaining to satellite communication protocols and standards is expected to be the major restraining factor for the Global Satellite Modem Market during the Forecast Period. Satellite operators struggle to see if and to what extent regulations apply to them because of ambiguous legal frameworks. Furthermore, national authorities don't have a unified approach to licensing and frequency authorizations. Small satellite operators may face difficulties with frequency licensing because the frequencies they use within the VHF and UHF bands are typically new national authorities compared to the L, S, C, Ku, and Ka bands. When developing modems for different counties or areas, satellite modem manufacturers face a significant problem in including all of those standards and communication protocols.

As the Cyber Security risks are rising, the chances of the SATCOM clash are expected to be another major restraining factor for the Global Satellite Modem Market during the Forecast Period. In the last few years, there has been an increase in the number of cybersecurity breaches around the world. Most firms installing IOT systems, and now 5G networks, with various devices connected across networks, platforms, and devices, are most concerned about security. Given the size and reach of satellites, as well as the number of Earth station access points, this is also true. Because of the proliferation of IoT devices, a bad actor can manipulate a single device or a network of connected devices if the connection isn't encrypted or protected. It is necessary to protect not only the devices themselves but also every stage of data transfer.

REPORT COVERAGE:

This research report on the global satellite modem market has been segmented and sub-segmented into the following categories.

Satellite Modem Market - By Channel Type:

• Single Channel per Carrier Modems.
• Multi-Channel per Carriers Modems.

The Multiple Channels per Carrier (MCPC) is expected to have the dominant share in the Global Satellite Modem Market during the Forecast Period. A satellite transmission platform called multiple channels per carrier (MCPC) is utilized with very small aperture terminal (VSAT) systems. Multiplexing digital audio, video, and other broadcast carrier signals into one digital data stream reduces satellite transponder usage and lowers per-channel transmission costs. The exceptional channel efficiency afforded by these modems, which could be a basic necessity of high-data-traffic applications like mobile communication, internet, and broadband services, is credited with the segment's rise. MCPC satellite modems can connect with IP networks to allow a seamless phone, video, and data connection. Due to its high-rate capacity over satellite technology, MCPC modem technology can provide broadband internet services for enterprise networks.

Satellite Modem Market - By Data Range:

• Entry-Level Data Rate Modems.
• Mid-Range Data Rate Modems.
• High-Speed Data Rate Modems.

High-Speed Data Rate Modems are expected to have the dominant share in the Global Satellite Modem Market during the Forecast Period. Broadband communications and home networking necessitate larger data rates, which necessitate faster modems. To manage these higher data speeds, several technologies are being developed. A modem speed of 28.8 kbps was regarded as excellent. As the need for faster speeds grew, DSL modems achieved speeds in the Mbps range. When broadband communications and home networking became widespread, speeds of up to 11 Mbps became attainable because of parallel techniques like OFDM and more complex digital modulation schemes like QAM.

Satellite Modem Market - By Application:

• Offshore Communication.
• Tracking & Monitoring.
• Mobile & Backhaul.
• IP Tracking.

Tracking and monitoring are expected to have a prominent share in the Global Satellite Modem Market during the Forecast Period. Army personnel provide a critical and significant role. There are numerous concerns about the soldiers' safety. It is critical for the army base station to know the position and health status of all soldiers as soon as they reach enemy territory. In our project, we came up with the notion of tracking soldiers as well as providing information on their health state during the conflict, allowing army professionals to prepare war strategies. The base station can figure out where the soldier is by using the location given by the GPS modem.

Satellite Modem Market - By End User:

• Transportation & Logistics.
• Oil & Gas.
• Energy & Utilities.
• Marine.
• Military & Defense.
• Mining.
• Telecommunication.

Transportation and logistics are expected to have a prominent share in the Global Satellite Modem Market During the Forecast Period. There is always a need to send real-time data in transportation and logistics, such as vehicle location, traffic density, video and audio, temperature range of trucks transporting perishables, and emergency notifications. High-speed data rate satellite modems, which can establish a communication connection between the vehicle and the monitoring center, are utilized to transmit and receive such data. The accuracy and speed of the Global Positioning System are also improved by satellite modems (GPS).

Satellite Modem Market - By Region:

•  North America
•   Europe
•  Asia Pacific
•   Latin America 
•  Middle East & Africa

North America is expected to have a prominent share in the Global Satellite Modem Market during the Forecast Period. Because of an increase in demand for satellite modems from important industries such as oil & gas, marine, and military & defense, where voice, video, and data communication are critical for fast decision-making, North America will lead the market.

Asia-Pacific is expected to register the highest CAGR in the Global Satellite Modem Market during the Forecast Period. The increased need for metals such as steel for complicated industrial applications will drive this industry. The satellite modem market in APAC is likely to be led by China, Japan, South Korea, and India. China continues to be the largest satellite modem market, and this trend is expected to continue during the projection period. The satellite modem industry in APAC is expected to benefit greatly from investments in glass manufacturing and government backing for steel production.

KEY MARKET PLAYERS:

Gilat Satellite Networks Ltd., Novelsat, Newtec CY N.V., Comtech EF Data Corporation, WORK Microwave GmbH, ORBCOMM INC., Datum Systems, Via Sat Inc., Advantech Wireless, Teledyne Paradise Datacom

RECENT HAPPENINGS IN THE MARKET:

• Satellite Connectivity is likely to Be Included In the iPhone 14. In the event of an emergency, the iPhone 14 may be able to interact through satellite in areas where mobile internet is unavailable.
• SpaceX is deploying additional Star Link satellites and aiming for a faster launch rate. SpaceX launched 53 more Star Link satellites from Cape Canaveral on Thursday, expanding the company's commercial internet network while ground personnel try to keep the Falcon 9 rocket flights coming at a breakneck pace.