Satellite Modem Market Opportunities and Challenges

NORTHBROOK, Ill. - Jan. 6, 2023 - PRLog -- The satellite modem market is projected to reach USD 710 million by 2026; it is expected to grow at a CAGR of 12.0% during the forecast period.

A few key factors driving the growth of this market are rising need for enriched high-speed data communication, increase in the number of high-throughput satellites (HTS), and growing demand for satellite communication in internet of things (IoT).

"The satellite modem market for MCPC satellite modem is expected to grow at a higher CAGR from 2021 to 2026."

The satellite modem market for MCPC channel type is expected to grow at a higher CAGR from 2021 to 2026. The growth of this segment is attributed to the unparalleled channel efficiency offered by these modems, which is the core requirement of high-data-traffic applications, such as mobile communication, internet, and broadband services. MCPC satellite modems can be integrated with IP networks to provide seamless connection for voice, video, and data traffic. Broadband internet services for enterprise networks are possible through MCPC modem technology because of its high data rate capacity over satellite technology.

"High speed data rate satellite modems expected to hold the largest share of the satellite modem market during forecast period."

High speed data rate satellite modems are expected to hold the largest share of the market from 2021 to 2026. This is due to the growing demand for high-data rate and high-bandwidth applications such as mobile & backhaul and offshore communication. Satellite service providers enable internet, cellular, and data network connectivity for remote locations. To keep pace with the high demand for data while controlling operational expenses, high-speed data rate satellite modems are necessary.

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Comtech Telecommunications Corp. (US), ST Engineering (Singapore), Teledyne Technologies (US), Gilat Satellite Networks Ltd. (Israel), Viasat, Inc. (US), ORBCOMM Inc. (US), NOVELSAT (Israel), Datum Systems (US), Hughes Network Systems (US), WORK Microwave GmbH (Germany), ND SATCOM (Germany), Amplus Communication (Singapore), AYECKA Ltd (Israel), and SatixFy (Israel) are few major players in satellite modem market.

News also Covered: https://www.prnewswire.com/news-releases/satellite-modem-market-worth-710-million-by-2026--exclusive-report-by-marketsandmarkets-301408520.html

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