Global Satellite Modem Market to reach USD 536.07 million by 2027.Global Satellite Modem Market is valued approximately USD 356.52 million in 2020 and is anticipated to grow with a healthy growth rate of more than 6 % over the forecast period 2021-2027. Satellite modem is a device which used to convert and receive signals from a satellite transponder. For transmission, it modulates digital data encrypted signals from a device into a carrier (transporter) frequency for delivery to an upconverter, amplifier and antenna. Continuous innovations, rising need for high-speed data communication and growing investment in satellite launching has fueled the market growth across the forecast period. The rising demand for satellite communication is due to increase in telecommunication industry for high speed secured connection. For instance, NSIL in India, the government's commercial space arm, plans to invest Rs 10,000 crore over the next five years to own and operate satellites as well as launch rockets. However, lack of international regulations impedes the growth of the market over the forecast period of 2021-2027. Also, the increasing technological advancements, are likely to create new opportunities for the market during the forecast period.

Global Satellite Modem Market is segmented on the basis of geographical region as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the technology advancements and major satellite launching enterprises such as SpaceX and NASA located in this region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increasing investment in satellite launching stations and rise in demand for high-speed data would create profitable growth prospects for the Satellite Modem Market across Asia-Pacific region.

Major market player included in this report are:
ORBCOMM INC.
ViaSat Inc.
Gilat Satellite Networks Ltd.
Novelsat
Comtech EF Data Corporation
Newtec Cy N.V.
Datum Systems
Teledyne Paradise Datacom
Hughes Network Systems, LLC
Advantech Wireless

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Data rate:
High-Speed Data Rate Satellite Modem
Mid-Range Data Rate Satellite Modem
Entry-Level Data Rate Satellite Modem
By Application:
Mobile & Backhaul
IP Trunking
Offshore Communication
Tracking & Monitoring
Others
By End Use:
Energy & Utilities
Mining
Telecommunication
Marine (Sea or Water Transportation)
Military & Defense
Transportation and Logistics (Road Transportation)
Oil & Gas
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Satellite Modem Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors