Cellular Modem Market More Than Mobile: The Diverse Applications of Cellular Modems

Cellular Modem Market to Record an Exponential CAGR of 19.33% by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Cellular Modem Market - (By Type (Embedded Cellular Modem, Box Portable Cellular Modem), By Technology (2G, 3G, 4G, 5G, LPWAN (NB-IoT, LTE-M)), By Vertical (Agriculture, Automotive & Transportation, Consumer Electronics, Building Automation, Energy & Utilities, Smart Cities, Healthcare, Industrial/Manufacturing, Retail, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Cellular Modem Market is valued at US$ 4.05 Billion in 2022, and it is expected to reach US$ 19.66 Billion by 2031, with a CAGR of 19.33% during the forecast period of 2024-2031.

Cellular modems are devices that enable transmission of analog signals, like phone calls, over cellular networks. Smartphones and similar devices use these modulated signals to transmit data and audio. Many cellular modems offer internet connectivity through an Ethernet port. Another common feature is a SIM card (Subscriber Identity Module) which can be inserted into the modem. Cellular modems can be mounted on walls, floors, or connected directly to laptops or PCs. Standard 4G wireless modems can achieve download and upload speeds of around 5-12 Mbps.

A single modem can connect one or more devices.
The growing use of internet-connected devices and equipment in modern homes is a significant trend. However, a major hurdle to seamless technology integration is cellular network interoperability. Even within the same generation, different cellular networks often utilize distinct protocols and operate on varying frequencies. This diversity can lead to compatibility issues, especially when trying to combine older and newer technologies or when equipment from different manufacturers needs to communicate with each other.

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List of Prominent Players in the Cellular Modem Market:

• Shenzhen Wlink Technology Co., LTD. (China)
• Jinan USR IOT Technology Limited (China)
• Bivocom (China)
• Airgain, Inc. (US).
• CalAmp,
• Wlink Technology
• Digi International Inc. (US)
• Sierra Wireless (Canada)
• Qualcomm Technologies, Inc. (US)
• D-Link Corporation (Taiwan)
• Huawei Device Co., Ltd. (China)
• TP-Link Corporation Limited. (China)
• Xiamen Baima Technology Co., Ltd (China)
• NETGEAR (US)
• Advantech Co., Ltd. (Taiwan)
• Cisco Systems, Inc. (US)
• Moxa Inc. (Taiwan)
• Multi-Tech Systems, Inc. (US)
• Belkin (US)
• Peplink (US)
• Robustel (China)
• LANTRONIX, INC. (US)
• InHand Networks (US)
• Motorola Mobility LLC (US)
• Bentek Systems (Canada)
• Campbell Scientific, Inc. (US)
• Red Lion (US)
• Others

Market Dynamics:

Drivers-
The growing demand for cellular modem market is fueled by the advent of wireless technologies, and the proliferation of IoT devices has been greatly accelerated. Such gadgets depend on a wide variety of wireless technologies, each with its own set of advantages and potential uses. The need for Internet of Things (IoT) devices is anticipated to be driven by the increased usage of low-power wide-area networks (LPWAN), 5G, wireless sensor networks & Internet Protocol version 6 (IPv6) in the next years, which will necessitate other wireless technologies.

Challenges:
The prime challenge is strict regulations, a shortage of competent individuals and a lack of norms and protocol because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the cellular modem market. There are a lot of obstacles for companies that produce energy, collect data from the environment, or work in agriculture, all of which rely on IoT devices.

Monitoring equipment, gathering critical environmental data, or executing automated operations becomes more challenging when these IoT devices cannot communicate data due to unreliable cellular connectivity. COVID-19 has emerged as a serious concern in worldwide public health. The government enacted lockdowns, quarantines, border restrictions, and the suspension of economic operations in response to the rapid spread of the virus.

As the challenges occured in the supply chain, the raw materials supply to numerous countries was adversely affected. Quarantine procedures, border closures, and lockdowns are just a few of the many restrictions that have caused significant inconveniences.

Regional Trends:
The North American cellular modem market is anticipated to register a maximum market share in revenue. It is projected to grow at a high CAGR in the near future because smart devices such as smartphones, tablets, and wearables are booming in popularity, and the IoT is expanding rapidly. Besides, Europe had a considerable share in the market because 5G networks are becoming more popular and new cellular network technologies are being deployed at an increasing rate.

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Recent Developments:

• In October 2023, Airgain, Inc.'s new LumosTM️ 5G Fixed Wireless Access Antenna enhanced the performance of connected devices. Lumos' multiband, directional antenna design and 2x2 and 4x4 MIMO configurations for LTE and 5G might have been the answer for cellular-based devices. This included enterprise routers, indoor fixed wireless access (FWA) devices, customer premises equipment (CPE), and many more.

• In November 2023, Huawei and Sharp inked a new, long-term, global patent cross-licensing agreement covering essential cellular standard patents, including those for 4G and 5G.

Segmentation of Cellular Modem Market-
By Type-
• Embedded Cellular Modem
• Box Portable Cellular Modem
By Technology-
• 2G
• 3G
• 4G
• 5G
• LPWAN
o NB-IoT
o LTE-M
By Vertical-
• Agriculture
• Automotive & Transportation
• Consumer Electronics
• Building Automation
• Energy & Utilities
• Smart Cities
• Healthcare
• Industrial/Manufacturing
• Retail
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.