Satellite Modem Market Size, By Channel Type (Single Channel Per Carrier (SCPC) Modem, Multiple Channel Per Carrier (MCPC) Modem), By Date Rate, By Application (Broadcast, Enterprise & Broadband, In-flight Connectivity, IP Trunking, Mobile & Backhaul), By

Satellite Modem Market Size, By Channel Type (Single Channel Per Carrier (SCPC) Modem, Multiple Channel Per Carrier (MCPC) Modem), By Date Rate, By Application (Broadcast, Enterprise & Broadband, In-flight Connectivity, IP Trunking, Mobile & Backhaul), By End-use, Forecast 2024 - 2032

Global Satellite Modem Market will witness over 9.5% CAGR from 2024 to 2032 driven by improvements in satellite infrastructure and capabilities enhancing connectivity and data transmission.

Advancements in satellite technology, including the development of low Earth orbit (LEO) and high throughput satellites (HTS) constellations, significantly enhance data capacity, speed, and coverage. These improvements make satellite communication more efficient and cost-effective, driving demand for advanced satellite modems. In a recent turn of events, Google announced its plan to use the Samsung Modem 5400 for its Pixel 9, 9 Pro, and Fold 2 devices to enable satellite connectivity, in April 2024. The Samsung Modem 5400 is designed to provide faster network speeds and lower power consumption compared to its predecessor. It will also support 3GPP Rel. 17, a 5G non-terrestrial network (NTN) powered by Low Earth Orbit (LEO) satellites.

As connectivity requirements grow, particularly in remote and underserved areas, cutting-edge satellite technology will ensure robust, high-speed communication, thus propelling the satellite modem market forward.

The overall satellite modem industry is classified based on channel type, data rate, application, end-use industry, and region.

The energy and utilities sector will garner a considerable satellite modem market share through 2032 due to the growing demand for reliable remote monitoring and management of infrastructure. Satellite modems provide consistent, high-speed connectivity in remote and harsh environments where conventional networks falter. This enables real-time data transmission for operations, enhancing efficiency and safety. Additionally, as energy projects expand into more isolated areas, the capability of satellite modems to offer uninterrupted communication becomes critical, ushering in their increased adoption.

The satellite modem market size from the single channel per carrier (SCPC) segment will expand significantly from 2024 to 2032. The demand for satellite modems in the single channel per carrier (SCPC) segment is rising due to their efficiency in handling high-bandwidth applications and dedicated communication links. SCPC modems offer superior performance for data-intensive operations, ensuring minimal latency and stable connections. This is particularly valuable for industries requiring uninterrupted and high-quality transmissions, such as broadcasting and critical communications. Additionally, advancements in SCPC technology have made it more cost-effective and reliable, boosting its adoption in scenarios demanding robust and dedicated satellite links.

Asia Pacific satellite modem market will register a prominent CAGR between 2024 and 2032. The demand for satellite modems in the Asia Pacific is growing due to the rapid expansion of telecommunications infrastructure in rural and remote areas. As governments and private enterprises push for enhanced connectivity, satellite modems provide an effective solution for overcoming geographical challenges. Additionally, the region's burgeoning smart city projects and the need for robust disaster management systems drive the adoption of satellite technology. Economic growth and increasing investments in satellite communications further contribute to the rising demand, ensuring seamless and reliable connectivity across diverse and challenging terrains.