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Wireless Data Radio Modem Market worth $1.40 billion by 2030, growing at a CAGR of 4.88% - Exclusive Report by 360iResearch

03-08-2024 11:32 AM CET | IT, New Media & Software

Press release from: 360iResearch

Wireless Data Radio Modem Market | 360iResearch

Wireless Data Radio Modem Market | 360iResearch

The "Wireless Data Radio Modem Market by Product (General-Purpose Data Modem, UAV Drone Data Modem), Operating Range (Long Range, Short Range), Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Wireless Data Radio Modem Market to grow from USD 1.00 billion in 2023 to USD 1.40 billion by 2030, at a CAGR of 4.88%.

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The wireless data radio modem market encompasses devices that enable the transmission and reception of data through radio waves, serving as a vital component for communication systems. These modems facilitate the exchange of information between two or more points without the need for physical connections. These modems are essential in various industries, including industrial automation, remote monitoring and control, utilities management, transportation systems, and public safety applications. Wireless data radio modems have significantly transformed modern communication infrastructure by providing reliable and secure wireless data communication without needing physical connections such as cables or wires. The increasing focus on industry automation and the growing need for reliable data transmission across industries drives the production and usage of wireless data radio modems. On the contrary, security concerns and the high cost of components hinder market growth. However, improvements in devices and growing investments in smart grids, mining, and geo-exploration activities are expected to proliferate the development and usage of wireless data radio modem in the coming years.

In the Americas region, the United States and Canada are witnessing a growing demand for advanced communication infrastructure and the adoption of wireless data radio modems in sectors such as agriculture, utilities, and transportation is on the rise due to their efficiency and cost-effectiveness. Regulatory authorities such as the Federal Communications Commission (FCC) have implemented stringent standards to ensure product quality and performance. Manufacturers or providers need to adhere to these regulations while capitalizing on opportunities offered by developed markets. Technological innovations such as Long Range (LoRa) technology present significant growth potential for wireless data radio modem vendors in the Americas. The APAC region offers immense potential for growth due to rapid urbanization and increasing industrialization across developing countries such as China, India, and Southeast Asian nations. Governments in this region are focusing on upgrading communication infrastructure to support Industry 4.0 initiatives. To capitalize on opportunities presented by emerging economies in this region, manufacturers are focusing on strategic partnerships with local vendors, product differentiation, and compliance with regional regulations. The EMEA region is witnessing a growing demand for wireless data radio modems driven by initiatives such as smart city development and increased adoption of IoT technologies. European countries are characterized by strict regulatory frameworks to ensure network security and product performance, while the Middle East and African markets offer untapped potential with increasing infrastructure investments.

Market Segmentation & Coverage:

This research report categorizes the Wireless Data Radio Modem Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across General-Purpose Data Modem and UAV Drone Data Modem. The General-Purpose Data Modem commanded largest market share of 75.83% in 2023, followed by UAV Drone Data Modem.

Based on Operating Range, market is studied across Long Range and Short Range. The Long Range commanded largest market share of 42.60% in 2023, followed by Short Range.

Based on Application, market is studied across Agriculture, Manufacturing, Mining & Geo-Exploration, Power & Utilities, Public Safety, and Transportation & Logistics. The Public Safety commanded largest market share of 30.62% in 2023, followed by Transportation & Logistics.

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 Europe, Middle East & Africa commanded largest market share of 38.00% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Wireless Data Radio 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 Wireless Data Radio 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 Wireless Data Radio Modem Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Adeunis, Advantech Co., Ltd., ATIM - SARL, Campbell Scientific, Inc., Chengdu Ebyte Electronic Technology Co.,Ltd., Cisco Systems, Inc., CSignum Limited, Digi International Inc., Dorji Industrial Group Co., Ltd., Encom Wireless, FreeWave Technologies, Inc., General Electric Company, Harxon Corporation by Beijing BDStar Navigation Co.,Ltd., Intuicom, Inc., Javad GNSS Inc., Microhard Systems Inc., Motorola Solutions, Inc., QUALCOMM Incorporated, RACOM s.r.o., Raveon Technologies Corporation, RF Solutions Ltd., Ritron, Inc., Satel Oy by Topcon Corporation, Schneider Electric SE, Simrex Corporation, and Trimble Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Wireless Data Radio Modem Market, by Product
7. Wireless Data Radio Modem Market, by Operating Range
8. Wireless Data Radio Modem Market, by Application
9. Americas Wireless Data Radio Modem Market
10. Asia-Pacific Wireless Data Radio Modem Market
11. Europe, Middle East & Africa Wireless Data Radio 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 Wireless Data Radio Modem Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Wireless Data Radio Modem Market?
3. What is the competitive strategic window for opportunities in the Wireless Data Radio Modem Market?
4. What are the technology trends and regulatory frameworks in the Wireless Data Radio Modem Market?
5. What is the market share of the leading vendors in the Wireless Data Radio Modem Market?
6. What modes and strategic moves are considered suitable for entering the Wireless Data Radio Modem Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

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.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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