Future of the Mobile Broadband Modem Market: Trends, Innovations, and Key Forecasts Through 2034

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Mobile Broadband Modem Market Size Growth Forecast: What to Expect by 2025?
The market size of mobile broadband modems has swiftly expanded in the past few years. The market is expected to rise from $24.97 billion in 2024 to $27.79 billion in 2025, with a compound annual growth rate (CAGR) of 11.3%. This substantial growth during the historical period is a result of an increasing need for high-speed internet, a surge in smartphone usage, an increase in remote work and online learning, greater adoption of Internet of Things (IoT) gadgets, and the growing availability of 4G and 5G networks.

How Will the Mobile Broadband Modem Market Size Evolve and Grow by 2029?
The market size for mobile broadband modems is anticipated to experience a considerable rise in the forthcoming years, expanding to $42.25 billion in 2029 with an 11.0% compound annual growth rate (CAGR). The expected surge during the forecast period is largely due to the increased rollout of 5G networks, the escalating demand for devices with connectivity, the increasing trend towards smart homes and cities, the wide utilisation of cloud services, and a heightened emphasis on low-power wide-area networks. Key trends to watch in the forecast period encompass developments in 5g modem technology, enhanced carrier aggregation features, improvements in power-efficient modem designs, the incorporation of artificial intelligence (AI) in connectivity management, and the integration of modems with internet of things (IoT) platforms.

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What Drivers Are Propelling the Growth of Mobile Broadband Modem Market Forward?
The growth of the mobile broadband modem market is anticipated to be fuelled by the escalating usage of internet of things (IoT) connected devices. These IoT connected devices are a network of interconnected gadgets, including smartphones, sensors, wearables, smart home appliances, and security cameras, that function and share data over the internet without human input. The demand for these IoT connected devices is rising due to the necessity for real-time data since they enhance productivity, allow for remote monitoring, and facilitate wiser decision-making across different industries. Mobile broadband modems are perfect for remote and mobile applications as they provide credible and rapid wireless connectivity, thereby improving IoT devices. They aid in the smooth transmission of data and real-time interaction between devices, thus boosting the efficiency and operations of IoT systems. As per IoT Analytics, a research firm based in Germany that focuses on IoT market insights, the count of connected IoT devices hit 16.6 billion in 2023, a 15% growth from 14.4 billion in 2022. Thus, the escalating usage of IoT connected devices is propelling the expansion of the mobile broadband modem market.

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Which Emerging Trends Are Transforming the Mobile Broadband Modem Market in 2025?
In an effort to speed up networks, increase data throughput, and provide more consistent and effective connections for users, major firms in the mobile broadband modem market are concentrating on creating cutting-edge solutions such as sophisticated carrier aggregation (CA) support. The latter is a strategy that combines multiple frequency bands to boost data speeds and increase network capacity in mobile broadband communications. For example, in May 2025, Semiconductor company MediaTek Inc., based in Taiwan, introduced the T930 chipset for 5G fixed wireless access (FWA) and mobile Wi-Fi (Mi-Fi) devices. It incorporates a sophisticated CA, achieving excellent integration and excellent power efficiency. The chipset supports sub-6GHz frequency bands, facilitating wide-ranging 5G deployment and reaching impressively fast 5G speeds of up to 10 Gbps.

What Are the Key Segments in the Mobile Broadband Modem Market?
The mobile broadband modem market covered in this report is segmented -

1) By Type: Universal Serial Bus (USB) Modems, Embedded Modems, Wireless Modems, Other Types
2) By Product Type: Fourth Generation (4G) Long-Term Evolution (LTE) Modems, Fifth Generation (5G) New Radio (NR) Modems, Dual-Mode Fourth Generation (4G) Or Fifth Generation (5G) Modems, Other Product Types
3) By Applications: Consumer Electronics, Enterprise Networks, Public Safety, Healthcare, Transportation, Other Applications
4) By Distribution Channel: Online Stores, Offline Stores, Other Distribution Channel
5) By End User: Mobile Network Operators, Cable And Satellite Providers, Wholesale Internet Service Providers, Fixed Internet Service Providers, Other End Users

Subsegments:
1) By USB Modems: Third Generation (3G) Universal Serial Bus (USB) Modems, Fourth Generation (4G) Universal Serial Bus (USB) Modems, Fifth Generation (5G) Universal Serial Bus (USB) Modems, Long-Term Evolution (LTE) Universal Serial Bus (USB) Modems
2) By Embedded Modems: Embedded Third Generation (3G) Modems, Embedded Fourth Generation (4G) Modems, Embedded Fifth Generation (5G) Modems, Embedded Long-Term Evolution (LTE) Modems
3) By Wireless Modems: Wi-Fi Modems, Cellular Wireless Modems, Satellite Wireless Modems, Fixed Wireless Access (FWA) Modems
4) By Other Types: Personal Computer (PC) Card Modems, ExpressCard Modems, Mobile Wi-Fi Hotspots (MiFi Devices), External Wireless Gateway Modems

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Who Are the Key Players Shaping the Mobile Broadband Modem Market's Competitive Landscape?
Major companies operating in the mobile broadband modem market are Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Intel Corporation, Qualcomm Incorporated, Broadcom Inc., MediaTek Inc., Motorola Solutions Inc. (or Motorola Mobility LLC depending on the division), TP-Link Technologies Co. Ltd., Quectel Wireless Solutions Co. Ltd., Netgear Inc., Teltonika Networks UAB, Semtech Corporation, Cradlepoint Inc., Telit Cinterion, Inseego Corp., D-Link Corporation, Multi-Tech Systems Inc., Sequans Communications S.A., Peplink International Ltd., Bivocom Technologies Co. Ltd., Pantech Co. Ltd.

What Geographic Markets Are Powering Growth in the Mobile Broadband Modem Market?
North America was the largest region in the mobile broadband modem market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile broadband modem market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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