Global Satellite Modem Market 2022 to 2028: Data Connectivity at High Speeds is Becoming More Important Driving Demand
Dublin, March 03, 2023 (GLOBE NEWSWIRE) -- The "Global Satellite Modem Market Size, Share & Industry Trends Analysis Report by Channel Type, Technology, End-user, Regional Outlook and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The Global Satellite Modem Market size is expected to reach $952.2 million by 2028, rising at a market growth of 15.5% CAGR during the forecast period.
Key Market Players
List of Companies Profiled in the Report:
Comtech Telecommunications Corp.
Gilat Satelite Networks Ltd.
Hughes Network Systems, LLC (EchoStar Corporation)
Orbcomm, Inc. (GI Partners)
ST Engineering iDirect, Inc. (Vision Technologies Electronics, Inc.)
Teledyne Technologies, Inc.
WORK Microwave GmbH
Additionally, satellite antennae and frequency converters are required for the establishment of a satellite link. Data to be communicated are transmitted to modems from data terminal equipment. The intermediate frequency (IF) output of the modem is typically 50-200 MHz; however, the signal is occasionally modulated straight to the L band.
In the majority of instances, the frequency must be transformed with an upconverter before amplification and transmission. Depending on the modulation technique employed, a modulated signal is a sequence of symbols, or forms of data conveyed by a corresponding signal state, such as a bit or a few bits.
Recovering a symbol clock (synchronizing a local symbol clock generator with a distant one) is one of the most essential responsibilities of a demodulator. Similarly, a signal received from a satellite is initially down-converted, followed by demodulation by a modem, and finally handled by data terminal equipment. The LNB is typically supplied with 13 or 18 V DC through the solution providers by the modem.
COVID-19 Impact Analysis
The COVID-19 pandemic has had a substantial influence on the expansion of this sector. During the pandemic, the demand for this market was greatly bolstered by the increase in demand for satellite communication solutions across several industries. In addition, the worldwide telecommunications industry has begun deploying satellite modem solutions, which is anticipated to boost the expansion of the satellite modem market study post-pandemic.
Market Growth Factors
Data Connectivity at High Speeds Is Becoming More Important
Numerous end-user sectors, including those in the maritime, oil and gas, transport, communications, and education, among others, have increased their need for real-time and high-speed communication, which has led to an increase in the demand for sophisticated high-speed satellite modems.
Users are now able to send massive quantities of data effectively due to the satellite modem industry's ongoing advancements. The speed and data connectivity rates that are also available onshore are not available to offshore teams.
Increasing Leo Satellite and Constellation Launches
A lot of businesses in this industry have suggested or are putting into practice plans to create satellite constellations, while CubeSats and other tiny spacecraft are also gaining popularity. The rising popularity of GPS is a key factor in the expansion of LEO and MEO satellites. It is now a crucial component of the satellite communications system.
To supply GPS, a large number of MEO satellites are deployed into orbit. More MEO satellites will be required as the demand for GPS connection rises. For effective signal transmission, this will lead to a necessity for several satellite modems to be placed throughout base stations. The massive launches of the satellites surge the growth of the satellite modem market.
Market Restraining Factors
Satcom Equipment's Susceptibility to Cyberattacks
For the majority of enterprises installing IoT systems and, more recently, 5G networks, which include numerous connected devices across networks, platforms, and devices, security is the most important technical challenge.
IoT growth implies a bad actor might potentially control a vast network of linked devices if just one unencrypted device or the communication between them isn't safeguarded. Every step of the data transmission process must be secured, not only the devices themselves.
The satellite-space industry is now under threat from network hacking and cyberattacks, which is creating an increasing challenge to satellite operators.
Scope of the Study
Market Segments Covered in the Report:
By Channel Type
Mobile & Backhaul
Enterprise & Broadband
Media & Broadcast
By End User
Military & Defense
Oil & Gas
Transportation & Logistics
Rest of North America
Rest of Europe
Rest of Asia Pacific
Rest of LAMEA
For more information about this report visit https://www.researchandmarkets.com/r/swo8ws
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