Cellular Modem Market Valued US$ 14.47 Billion and Projected Grow at 12.5% CAGR by 2032

New York, April 01, 2024 (Polaris Market Research) Global Cellular Modem Market size and share is currently valued at USD 5.03 Billion in 2023 and is anticipated to generate an estimated revenue of USD 14.47 Billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 12.5% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032

Cellular is a term that's widely used for mobile networks like 2G, 3G, and 4G. A cellular modem, also known as a wireless modem or mobile broadband modem, is a modem type that allows routers to get wireless internet access via a mobile broadband connection. These modems take away the limitations of LAN connections that need to be wired to remain online. Cellular modems operate by connecting to the internet network using a SIM or an ethernet cable. These devices can be mounted on walls or interiors or can directly be connected to personal computers/laptops.

𝐆𝐞𝐭 𝐅𝐫𝐞𝐞 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/cellular-modem-market/request-for-sample

Cellular modems use network-type technology to connect to a specific type of network, which includes 2G, 3G, 4G, 5G, NB-IoT, and LTE-M. The modems find applications across several verticals, including agriculture, automotive & transportation, building automation, consumer electronics, and retail. With the emergence of Industry 4.0 and the rapid adoption of the Internet of Things (IoT) in several industries, the need for enhanced connectivity has increased. This trend, in turn, is expected to support the cellular modem market demand in the upcoming years.

𝐊𝐞𝐲 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐭𝐚𝐭𝐬 𝐚𝐧𝐝 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• The market for cellular modems was valued at USD 5.03 billion in 2023 and is projected to reach USD 14.47 billion by 2032.

• The market is projected to exhibit a compound annual growth rate (CAGR) of 12.5% during the forecast period of 2024 to 2032.

• By type analysis, the box portable cellular modem segment is projected to witness the highest CAGR due to its ability to provide enhanced internet connectivity.

• By technology analysis, the 5G segment accounted for the largest market share as it has additional features from the earlier versions.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• Advantech Co., Ltd.
• Airgain, Inc.
• Belkin
• Bentek Systems
• Campbell Scientific, Inc.
• Cisco Systems, Inc.
• D-Link Corporation
• Digi International Inc.
• Huawei Device Co., Ltd.
• InHand Networks
• Jinan USR IOT Technology Limited
• LANTRONIX, INC.
• Moxa Inc.
• Motorola Mobility LLC

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/3702/2

𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐲 𝐓𝐲𝐩𝐞

• Embedded Cellular Modem
• Box Portable Cellular Modem

𝐁𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲

• 2G
• 3G
• 4G
• 5G
• NB-IoT
• LTE-M

𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬

𝐎𝐧𝐠𝐨𝐢𝐧𝐠 𝐍𝐞𝐞𝐝 𝐟𝐨𝐫 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐯𝐢𝐭𝐲: The widespread proliferation of smart devices and the internet has opened avenues for various purposes, such as telemedicine. Increased connectivity is needed for these tasks, thereby driving the need for cellular modems.

𝐀𝐝𝐯𝐞𝐧𝐭 𝐨𝐟 𝐍𝐞𝐰 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬: The emergence of new artificial intelligence technologies like machine learning is anticipated to support the cellular modem market growth. The rising adoption of electric vehicles and the growing preference for smart homes and autonomous vehicles have led to an increase in the demand for internet connectivity.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/cellular-modem-market

𝐂𝐞𝐥𝐥𝐮𝐥𝐚𝐫 𝐌𝐨𝐝𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• Box portable segment is anticipated to witness the highest growth in the coming years due to its portability and ease of sharing the internet with multiple devices.

• 5G segment accounted for the largest market share owing to its higher speed compared to 4G network.

• Energy & Utilities segment is projected to experience a larger revenue share due to the adoption of smart meters.

• Asia Pacific is projected to register the fastest growth in the study period owing to the increasing number of internet users in the region.

• The global players include Advantech, Airgain, Inc., Belkin, Bentek Systems, Campbell Scientific, & Cisco Systems.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐏𝐞𝐩𝐩𝐞𝐫 𝐒𝐩𝐫𝐚𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3426139/pepper-spray-market-2024-industry-forecasts-analysis

𝐅𝐨𝐨𝐝 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3426144/food-container-market-size-overview-business-strategies

𝐅𝐫𝐨𝐳𝐞𝐧 𝐃𝐞𝐬𝐬𝐞𝐫𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3426148/frozen-dessert-market-2024-industry-size-growth-revenue

𝐒𝐩𝐞𝐜𝐢𝐚𝐥𝐭𝐲 𝐘𝐞𝐚𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3418685/specialty-yeast-market-anticipates-exponential-growth-to-usd

𝐆𝐫𝐞𝐞𝐧 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.openpr.com/news/3418700/green-hydrogen-market-on-track-to-achieve-usd-95-14-billion

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.