Satellite Modem Market - 39% of Growth to Originate from North America|Evolving Opportunities with Baylin Technologies Inc. & Comtech Telecommunications Corp | Technavio

NEW YORK, April 11, 2022 /PRNewswire/ -- The "Satellite Modem Market - Competitive Analysis, Trends, Drivers, Challenges & Five Force Analysis" report has been added to Technavio's offering. The satellite modem market is estimated to grow by USD 139.96 million from 2019 to  2024, growing at a CAGR of 7%. North America was the largest satellite modem market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising demand from end-users such as aerospace and defense firms and oil and gas companies will significantly drive satellite modem market growth in this region over the forecast period.39% of the market's growth will originate from North America during the forecast period. The US is the key market for satellite modems in North America. Market growth in this region will be slower than the growth of the market in APAC, MEA, and South America.

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Market Dynamics
Factors such as the increasing need to enhance offshore communication will drive the growth of the satellite modem market. However, the high investments required for satellite Internet and connectivity will impede the growth of the market.  The satellite modem market analysis report also provides information on the upcoming trends that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

Company Profiles
The satellite modem market is fragmented and the report includes information on the product launches, sustainability, and prospects of leading vendors including Baylin Technologies Inc., Comtech Telecommunications Corp., EchoStar Corp., Gilat Satellite Networks Ltd., NovelSat, ORBCOMM Inc., Singapore Technologies Engineering Ltd., Teledyne Technologies Inc., Viasat Inc., and WORK Microwave GmbH.

Few companies with key offerings

• Baylin Technologies Inc. -  The company offers wireless communication solutions through its subsidiaries Galtronics Corporation, Advantech Wireless Technologies Inc., and Alga Microwave.
• Comtech Telecommunications Corp. - The company offers CDM-425 Advanced Satellite Modem, CDM-625A Advanced Satellite Modem, CDM-625A-EN Advanced Satellite Modem, and CDMER-625A Advanced Satellite Modem.
• EchoStar Corp. -  This company offers satellite services on a full-time and/or occasional-use basis to U.S. government service providers, internet service providers, broadcast news organizations, content providers, and private enterprise customers.
• Gilat Satellite Networks Ltd. - The company offers M GLT1000 and Taurus IFC modem.
• NovelSat - The company offers NovelSat NS300X IP Satellite Modem.
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Competitive Analysis
The competitive scenario provided in the satellite modem market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.

Segmentation Analysis

• By Type, the market is classified as MCPC and SCPC.
• By Application, the market is classified as communications, IP trunking, and tracking and monitoring.
• By Geography, the market is classified as North America, APAC, Europe, South America, and MEA.

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Related Reports

• The satellite communication market in the defense sector is expected to increase by USD 2.56 billion from 2021 to 2026 at a CAGR of 6.81%. Download a free sample now!
• The wireless connectivity market share is expected to increase by USD 53.01 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 14.10%. Download a free sample now!

Table of Content

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five force summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Communications - Market size and forecast 2019-2024
• IP trunking - Market size and forecast 2019-2024
• Tracking and monitoring - Market size and forecast 2019-2024
• Market opportunity by Application

Market Segmentation by Type

• Market segments
• Comparison by Type
• MCPC - Market size and forecast 2019-2024
• SCPC - Market size and forecast 2019-2024
• Market opportunity by Type

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends
• High preference for MEO and LEO over GEO satellites
• Increasing need to integrate satellite communication in autonomous cars
• Evolution of frequency bands

Vendor Landscape

• Competitive scenario
• Vendor landscape
• Landscape disruption
• Industry risks

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Baylin Technologies Inc.
• Comtech Telecommunications Corp.
• EchoStar Corp.
• Gilat Satellite Networks Ltd.
• NovelSat
• ORBCOMM Inc.
• Singapore Technologies Engineering Ltd.
• Teledyne Technologies Inc.
• Viasat Inc.
• WORK Microwave GmbH

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.

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