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Cellular Modem Market worth $27.41 billion by 2030, growing at a CAGR of 14.10% - Exclusive Report by 360iResearch
Cellular Modem Market | 360iResearch
The Global Cellular Modem Market to grow from USD 10.88 billion in 2023 to USD 27.41 billion by 2030, at a CAGR of 14.10%.
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A cellular modem is a type of modem that securely connects various devices to a cellular network, enabling data exchange. It is a hardware device that modulates one or more carrier wave signals for encoding digital information for transmission and then, demodulates signals to decode the transmitted information. They can support wide-ranging technology standards, including 3G, 4G, 5G, CDMA, GSM, and many more. Increased demand for smart devices and IoT connectivity has accelerated the need for secular cellular connections, raising the need for modems. However, technical hitches such as poor quality of voice and video communication during high-speed data transfers and security breach issues are dampening the modem adoption. With advancements in technology and robust R&D efforts, market players are expected to address these concerns. The rising adoption of 5G technology is consequently driving the volume of 5G-enabled cellular modems. The developing trends of machine learning, artificial intelligence, smart homes, and autonomous vehicles will further solidify the exponential growth of the cellular modem market in the near future.
In the Americas, the cellular modem market has shown major growth due to increasing telecom infrastructure developments and thickened investment on cellular technological innovations. Major United States companies observe significant production, supplying a large proportion of cellular modems globally. Additionally, the North American 5G revolution has fueled a spike in the modem usage numbers, indicating a future-ready telecom industry. Asia, led by technologically advanced markets of China and South Korea, have notable growth rates in cellular modem usage and production. A surge in the number of smartphone users, particularly in developing regions such as India, Indonesia, and Vietnam, has led to a healthy growth forecast. Europe's cellular modem market shows a stabilized growth with robust infrastructure and stringent regulatory norms. As Europe embarks on its journey towards 5G, an upswing in the demand and usage of modernized cellular modems is anticipated.Middle East & Africa depicts a growing telecom industry with increasing cellular modem usage. However, there is still a fair amount of reliance on modems produced by companies outside the region. The rise in urbanization, and economic development in crucial markets such as UAE and South Africa, have spearheaded the demand in this region. The emergence of local telecommunication companies is a growth factor promising a higher production and usage statistics in the future.
Market Segmentation & Coverage:
This research report categorizes the Cellular Modem Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Box Cellular Modem and Embedded Cellular Modem. The Box Cellular Modem is projected to witness significant market share during forecast period.
Based on Technology, market is studied across 2G, 3G, 4G, 5G, LTE-M, and NB-IoT. The NB-IoT is projected to witness significant market share during forecast period.
Based on Industry Vertical, market is studied across Consumer Electronics, Energy & Utility, Manufacturing, Smart Cities, and Transportation. The Energy & Utility is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.84% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Cellular Modem Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Cellular Modem Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Cellular Modem Market, highlighting leading vendors and their innovative profiles. These include Bausch Datacom NV SA, CalAmp Corp., Campbell Scientific Inc., Cisco Systems, Inc., Connect Tech Inc., Cox Communications, Inc., Digi International Inc., Huawei Technologies Co., Ltd., InHand Networks, Intel Corporation, Intercel Pty Ltd., Jinan USR IOT Technology Limited, Jio Infocomm Ltd., Lenovo Group Limited, Motorola Mobility LLC, Moxa Inc., Multi-Tech Systems, Inc., NETGEAR Inc., Pixsys Electronics, Qualcomm Incorporated, RACOM s.r.o., Raveon Technologies Corp., Red Lion Controls Inc., Robustel, Sercomm corporation, Shenzhen Cudy Technology Co., Ltd., Sierra Wireless, SmileMbb, and Wlink Technology Co., Limited.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Cellular Modem Market, by Type
7. Cellular Modem Market, by Technology
8. Cellular Modem Market, by Industry Vertical
9. Americas Cellular Modem Market
10. Asia-Pacific Cellular Modem Market
11. Europe, Middle East & Africa Cellular Modem Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Cellular Modem Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Cellular Modem Market?
3. What is the competitive strategic window for opportunities in the Cellular Modem Market?
4. What are the technology trends and regulatory frameworks in the Cellular Modem Market?
5. What is the market share of the leading vendors in the Cellular Modem Market?
6. What modes and strategic moves are considered suitable for entering the Cellular Modem Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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