|
(Wireless-NewsWire.Com, September 12, 2017 ) The report "Satellite Modem Market by Channel Type (SCPC & MCPC), Data Rate (High-Speed, Mid-Range, Entry-Level), Application (Mobile & Backhaul, IP Trunking, Offshore Communication), End User (Telecom, Marine, Oil & Gas), & Geography - Global Forecast to 2023", The satellite modem market is expected to grow from USD 296.4 Million in 2017 to USD 420.4 Million by 2023, at a CAGR of 6.0% between 2017 and 2023. The major factors driving the growth of the satellite modem market include continuous innovation by satellite modem manufacturers to ensure the growth of the market, rising need for enriched high-speed data communication, and growing demand for satellite communication from various verticals.
Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=261298987
Browse 64 Market Data Tables and 46 Figures spread through 163 Pages and in-depth TOC on "Satellite Modem Market - Global Forecast to 2023"
http://www.marketsandmarkets.com/Market-Reports/satellite-modem-market-261298987.html
Early buyers will receive 10% customization on this report.
The Multiple Channel Per Carrier (MCPC) modem held the largest size of the satellite modem market in 2016
The larger market share of MCPC modems is attributed to their unparalleled channel efficiency, which is the core requirement of high-data-traffic industries such as mobile communication and internet & broadband services. MCPC satellite modems support internet and IP applications for its multimedia applications. Considering the advantages of MCPC satellite modems, this market is expected to register higher growth during the forecast period.
Mid-range data rate modem market to grow at a high rate between 2017 and 2023
Mid-range data rate modems are expected to find widespread use, especially among telecom and mobile operators. All these sectors such as telecommunication and mobile networks are growing as connectivity is becoming a critical need. Apart from the telecom industry, mid-range data rate satellite modems are also used in enterprises, and the broadcast and news industry, among others. Thus, owing to the rising adoption rate in all these fields, this market is expected to grow at the highest CAGR between 2017 and 2023.
North America to hold the largest share of the satellite modem market in 2016
In North America, the US, Canada, and Mexico are major oil producers, and oil & gas companies in this region are continuously increasing their exploration activities. As the operations of oil & gas industries are often conducted in remote locations, there is a growing demand for satellite communication to make critical decisions based on data, voice, and video communications. Satellite communication provides continuous connectivity and delivers very high performance, and is, therefore, essential for the oil & gas industry. Thus, the satellite modem market has a good opportunity to achieve growth in different applications (such as tracking & monitoring and offshore communication) in various North American industries.
Some of the key players in the satellite modem market are ORBCOMM INC. (US), ViaSat Inc. (US), Gilat Satellite Networks Ltd. (Israel), NovelSat (Israel), Comtech EF Data Corporation. (US), Newtec Cy N.V. (Belgium), Datum Systems Inc. (US), Teledyne Paradise Datacom (UK), Advantech Wireless (Canada), and WORK Microwave GmbH (Germany).
Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=261298987
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr.Rohan
MarketsandMarkets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Website: http://www.marketsandmarkets.com/
MarketsandMarkets
Mr. Rohan
1-888-600-6441
sales@marketsandmarkets.com
Source: EmailWire.Com 
|
