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Cellular Modem Market Growth and Restrain Factors Analysis Report
According to the latest research by InsightAce Analytic, the Global Cellular Modem Market Size is valued at USD 4.05 Billion in 2022 and is predicted to reach USD 19.66 Billion by the year 2031 at a 19.33% CAGR during the forecast period for 2023-2031.
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A cellular modem is essential for transmitting analogue signals, such as voice and data, across a cellular network. These modems, widely used in smartphones and similar devices, modulate signals to enable data and audio transmission. Many cellular modems offer Ethernet connectivity, allowing users to access the internet via a wired connection. Additionally, modems can operate using a SIM card (Subscriber Identity Module), which may be integrated into devices or connected externally to a PC or laptop. Typical 4G wireless modems deliver download and upload speeds ranging from 5 to 12 Mbps, and a single modem can support connectivity for multiple devices.
Despite these advancements, cellular network interoperability remains a significant challenge. Even within the same generation of technology, different networks often employ varied protocols and operate on distinct frequencies. This diversity can lead to compatibility issues, particularly when integrating older and newer technologies or ensuring communication between devices from different manufacturers.
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List of Prominent Players in the Cellular Modem Market:
• 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)
• Shenzhen Wlink Technology Co., LTD. (China)
• Jinan USR IOT Technology Limited (China)
• Bivocom (China)
• Airgain, Inc. (US).
• CalAmp,
• Wlink Technology
• Others
Market Dynamics:
Drivers-
The increasing demand for cellular modems is primarily driven by the rapid advancement of wireless technologies and the exponential growth of IoT devices. These devices rely on diverse wireless networks-such as low-power wide-area networks (LPWAN), 5G, wireless sensor networks, and IPv6-to function effectively. As the adoption of these networks expands, so too does the need for reliable cellular modems to support seamless connectivity.
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Challenges:
A major obstacle in the cellular modem market is the strict regulatory environment, combined with a shortage of skilled professionals and the absence of standardized protocols, particularly in emerging markets. These challenges are compounded by the critical dependency on cellular connectivity for industries such as agriculture, environmental monitoring, and energy production, where unreliable connections can disrupt data transmission and automated operations. The COVID-19 pandemic has further strained the market by causing supply chain disruptions, raw material shortages, and operational delays due to lockdowns, quarantines, and border closures.
Regional Trends:
North America is expected to command the largest revenue share in the cellular modem market, fueled by the booming popularity of smart devices-such as smartphones, tablets, and wearables-and rapid IoT adoption. Additionally, Europe holds a significant portion of the market, driven by the rollout of 5G networks and the deployment of new cellular technologies at an accelerating pace.
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.
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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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.JPG
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