Global Embedded Modem Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Embedded Modem Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

An embedded modem offers quick network access for applications with limited data transmission requirements. Embedded modems contain a data pump, DAA (data access arrangement) and modem code. They may or may not include a controller, Internet protocol stack, and SDRAM. The number of chips depends on the application requirements, including the need for any additional functions. Besides all the functions of ordinary Modem, Embedded Modem has the advantages of small size, convenience and flexibility, and can be embedded in terminal equipment.

Market Overview:


The latest research study on the global Embedded Modem market finds that the global Embedded Modem market reached a value of USD 250.37 million in 2022. It’s expected that the market will achieve USD 386.18 million by 2028, exhibiting a CAGR of 7.49% during the forecast period.

Market Drivers and Impact


The Asian Development Bank released its forecast on December 14th, 2021, saying that the GDP growth rate of Asian emerging market countries will be 5.3% in 2022.
After South Korea, China and a few other markets took the lead in launching 5G services in 2019. In 2020, despite the negative impact of the COVID-19 epidemic on network deployment, 5G commercial services were launched in several markets such as Thailand, Japan, Hong Kong, Taiwan Province, Philippines and Singapore. 5G development promotes the growth of Internet of Things, communication and other fields in Asia. In addition, the global manufacturing industry is shifting to the southeast Asia region, driving automation and industrialization development in this region. On January 1, 2022, the Regional Comprehensive Economic Partnership Agreement (RCEP) came into effect. RCEP, as a modern, comprehensive, high-quality and mutually beneficial free trade agreement, plays a positive role in promoting trade, investment, and overall regional economic growth. New energy vehicles and automotive electronics in Asia will also usher in another development opportunity. In the past decade, Asia has become the largest automobile market in the world, especially in Southeast Asia, which has maintained a relatively high growth rate.
Embedded Modem market is growing with the construction of 5G in Asia, the demand increase of the automobile and IoT market, industrialization, and the development of regional economic cooperation.

Market Challenges and Impact


The main raw materials of embedded modem products are chips, electronic components, PCB and other raw materials. Among the raw materials of Embedded Modem, chips account for a relatively high proportion, and the supply of chips has a great impact on the company's operation. Because of the shutdown of semiconductor and other raw material manufacturers caused by the COVID-19 epidemic, the supply chain is disrupted, and the downstream customers of semiconductors panic stock up, which leads to a longer procurement cycle and higher prices for some materials, especially key chips. The fluctuation of raw material supply and price will directly affect the company's production cost and profit level, and the rising raw material price will inevitably push up the manufacturing cost of products. Therefore, if the company can't effectively reduce costs and increase efficiency, and keep the bargaining power of product prices, there will be the risk of declining gross profit margin and performance.

Region Overview:


From 2022-2027, Asia-Pacific is estimated to witness robust growth prospects.

Company Overview:


Digi International is one of the major players operating in the Embedded Modem market, holding a share of 23.71% in 2022.

Digi International is a leading global provider of IoT connectivity products, services and solutions. Digi International helps customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Founded in 1985, Digi International has helped customers connect over 100 million things and grow.

Thales Group is a French multinational company that designs and builds electrical systems and provides services for the aerospace, defense, transportation and security markets.

Thales is a global technology leader with more than 81,000 employees on five continents. The Group is investing in digital and deep tech innovations - Big Data, artificial intelligence, connectivity, cybersecurity and quantum technology to build a trustworthy future.

Segmentation Overview:


Among different product types, Controller Based Modem segment is anticipated to contribute the largest market share in 2027.

Application Overview:


By application, the Communication Industry segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Embedded Modem market covered in Chapter 3:

Multi-Tech
RapidM
Analog Devices
Briowireless
Thales Group
InHand Networks
NimbeLink
OptConnect
Embedded Planet
Bausch Datacom
Sierra Wireless
Digi International

In Chapter 4 and Chapter 14.2, on the basis of types, the Embedded Modem market from 2018 to 2029 is primarily split into:

Controller Based Modem
Non-Controller Based Modem

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Embedded Modem market from 2018 to 2029 covers:

Automobile Industry
Communication Industry
IoT
Industrial
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)