Cellular Modem Market Size, Share and Growth

Cellular Modem Market by Type (Embedded Cellular Modem, and Box Portable Cellular Modem), Technology (2G,3G,4G,5G, NB-IoT, and LTE-M), Vertical (Agriculture, Automotive & Transportation, Smart Cities, and Healthcare), Region - Global Forecast to 2028

Report Code: SE 8860 Nov, 2023, by marketsandmarkets.com

Updated on : October 22, 2024

Cellular Modem Market Size & Growth

The cellular modem market size is projected to grow from USD 4.8 billion in 2023 and is anticipated to be USD 12.4 billion by 2028, growing at a CAGR of 20.6% from 2023 to 2028.

Rapid evolution and adoption of advanced wireless technologies, and increased need for advanced connectivity solutions in Industry 4.0 era drives market growth during the forecast period. Factors such as growing trend of digital payments in FinTech sector, and increasing adoption of telemedicine and remote healthcare services provide market growth opportunities for the market.

Cellular Modem Market

Cellular Modem Market

Cellular Modem Market Forecast to 2028

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Cellular Modem Market Trends:

Driver: Rapid evolution and adoption of advanced wireless technologies

Wireless technologies have significantly impacted the growth of IoT (Internet of Things) devices. These devices rely on diverse wireless technologies, each offering unique benefits and applications. The increasing adoption of low-power wide-area networks (LPWAN), 5G, wireless sensor networks, and Internet Protocol version 6 (IPv6) is expected to drive the demand for IoT devices, necessitating various wireless technologies in the next couple of years.

With the rising volume of data exchange among numerous connected devices, there is a growing need for increased capacity, higher data rates, and enhanced connectivity. This has made 5G wireless networks a pivotal driver for IoT. 5G technology supports low-latency use cases at the network edge, enabling Communication Service Providers (CSPs) and enterprises to connect mobile and IoT devices, data centers, and both public and private cloud platforms. The evolution from Long-Term Evolution (LTE) to 5G is set to accelerate to meet the requirements of emerging IoT applications, which can be categorized as massive machine-type communication and mission-critical applications. According to the Ericsson Mobility report from June 2023, broadband IoT connections are projected to represent nearly 60% of cellular IoT connections by the end of 2028. This includes the deployment of Narrowband IoT (NB-IoT) networks by 125 service providers and the launch of Category M (Cat-M) by 56 service providers, with 40 deploying both technologies. Key cellular IoT connectivity modes include 2G, 3G, 4G, and 5G services. The report also highlights the introduction of critical IoT within 5G networks, utilizing advanced time-critical communication capabilities offered by 5G New Radio (NR).

The rapid evolution and adoption of advanced wireless technologies, particularly the widespread deployment of 5G networks and emerging IoT connectivity standards like NB-IoT and Cat-M, are poised to fuel significant growth in the cellular modem market. With 5G supporting low-latency applications and enabling seamless connectivity for a vast array of devices, including those in the IoT ecosystem, there is an increasing demand for cellular modems capable of harnessing these capabilities. These modems serve as the essential interface between devices and the high-speed, low-latency 5G networks, ensuring reliable and fast wireless connectivity. As more industries integrate IoT devices, smart technologies, and connected solutions into their operations, the need for cellular modems that can leverage the power of 5G and other advanced wireless standards becomes paramount. This growing demand is expected to drive innovation and investment in cellular modem technologies, propelling the market forward in the coming years.

Restraint: Interoperability issues within cellular networks

Interoperability issues within cellular networks present a significant challenge in technology integration. Different cellular networks, like 4G or 5G, often operate on varying frequencies and protocols, even within the same generation. This diversity can lead to compatibility problems, especially when devices from different manufacturers need to communicate or when attempting to integrate older technologies with newer ones. For instance, a device designed for 4G might not seamlessly interact with a network optimized for 5G, causing disruptions in data transmission or, in worst-case scenarios, rendering the device non-functional.

Addressing these interoperability issues requires meticulous planning and a deep understanding of the nuances of each cellular technology. Manufacturers and developers must invest in research and development to create cellular modems that can seamlessly bridge the gap between different networks. Standardization efforts play a crucial role here, ensuring that devices adhere to universally accepted protocols. Additionally, ongoing collaborations between cellular network providers and device manufacturers are essential to streamline compatibility between various generations of cellular technologies. Overcoming these interoperability hurdles is vital for the widespread adoption of cellular modems, especially in applications that rely on diverse networks, such as the Internet of Things (IoT) and smart cities, where different devices need to communicate seamlessly for efficient operations.

Opportunity: Increasing adoption of telemedicine and remote healthcare services

The increasing adoption of telemedicine and remote healthcare services has revolutionized the healthcare industry, offering patients access to medical consultations and monitoring without needing physical visits to healthcare facilities. One of the critical enablers of this transformative shift is robust cellular connectivity facilitated by cellular modems. These modems ensure that remote patient monitoring devices, such as wearable health trackers and IoT-enabled medical equipment, can seamlessly transmit real-time health data to healthcare providers. This continuous flow of information allows healthcare professionals to monitor patients' vital signs, track medication adherence, and detect potential health issues remotely. Virtual consultations, enabled by cellular modems, facilitate secure video calls between patients and doctors, ensuring timely medical advice and reducing the burden on physical healthcare facilities.

Furthermore, cellular connectivity plays a pivotal role in data exchange between medical devices and centralized healthcare systems. In real-time, medical devices embedded with cellular modems, such as glucose, blood pressure, and cardiac monitors, can securely transmit patient data to electronic health records (EHR) systems. This real-time data exchange enhances healthcare providers' ability to make informed decisions, personalize treatment plans, and respond promptly to emergencies. With the global demand for telehealth solutions rising, cellular modems are integral in ensuring reliable, secure, and high-speed connectivity, thereby creating significant growth opportunities in the cellular market, particularly within the healthcare sector.

Challenge: Limited coverage of cellular networks in remote or rural areas

The limited coverage of cellular networks in remote or rural areas presents a considerable challenge for businesses and organizations deploying IoT devices. In these areas, where the population density is low, and the geographical terrain might be challenging, cellular network infrastructure deployment becomes economically unfeasible for telecommunication companies. Consequently, businesses operating in agriculture, environmental monitoring, or energy production, which often require IoT devices for data collection and analysis, face significant hurdles. Without reliable cellular connectivity, these IoT devices cannot transmit data, making monitoring equipment, collecting vital environmental data, or executing automated processes difficult. This limitation impedes the adoption of advanced technologies in these sectors, hindering efficiency improvements and data-driven decision-making in remote or underserved regions.

Moreover, limited coverage adversely affects essential services in remote areas, such as emergency response systems and public safety networks. During emergencies or natural disasters, when communication is crucial for coordinating rescue efforts and providing aid, the absence of cellular coverage severely hampers response capabilities. This situation not only endangers lives but also exacerbates the challenges faced by first responders. Businesses and organizations seeking to deploy IoT solutions in such areas must explore alternative connectivity options, such as satellite-based or Low Power Wide Area Network (LPWAN) technologies, to ensure uninterrupted communication and data transmission even in regions lacking reliable cellular network coverage.

Cellular Modem Market Ecosystem

The cellular modem market share is consolidated. It is marked by the presence of a few tier-1 companies, such as Digi International Inc. (US), Sierra Wireless (Canada), Qualcomm Technologies, Inc. (US), D-Link Corporation (Taiwan); and Huawei Device Co., Ltd. (China). These companies have created a competitive ecosystem by investing in research and development activities to launch highly efficient and reliable cellular modems.

Cellular Modem Market by Ecosystem

Cellular Modem Market Segmentation

Box portable cellular modem segment to hold the second largest share of market during the forecast period

The box portable cellular modem market is experiencing significant growth driven by several key factors. Firstly, the increasing demand for high-speed and reliable internet connectivity across various applications and industries fuels the adoption of box portable cellular modems. These modems provide a convenient solution for businesses and consumers seeking robust internet connectivity without complex installations or extensive wiring. The growing trend of remote work, online education, and telemedicine services has amplified the need for efficient and stable Internet connections. Box portable cellular modems offer a plug-and-play solution, making them particularly attractive for temporary setups, remote locations, and businesses looking for quick and easy internet access solutions.

5G cellular modem segment to display highest CAGR during forecast period

The latest advancement in cellular technology, 5G, introduced a new era of connectivity characterized by ultra-fast data rates, low latency, and massive device connectivity. 5G cellular modems are at the forefront of this revolution, enabling groundbreaking applications such as augmented reality, autonomous vehicles, and IoT devices on an unprecedented scale. These modems harness the power of fifth-generation networks, facilitating rapid and stable data transmission even in densely populated areas. 5G cellular modems are instrumental in realizing the full potential of the Internet of Things and other cutting-edge technologies.

Energy & Utilities segment to hold the largest share of market between 2023 and 2028.

Cellular modems play a critical role in the energy and utilities sector, transforming traditional infrastructure into smart and efficient systems. These modems provide reliable and secure communication solutions, enabling real-time data transmission, remote monitoring, and control in various aspects of the energy and utilities industry.  One of the key applications of cellular modems in this sector is smart metering. Smart meters equipped with cellular modems to collect and transmit real-time energy consumption data from households and businesses. This data is then used for accurate billing, demand forecasting, and load management. Cellular modems ensure continuous communication between smart meters and utility servers, improving operational efficiency and customer service, even in remote or challenging environments.

Cellular Modem Industry Regional Analysis

Asia Pacific to grow at the fastest CAGR during the forecast period.

During the forecast period, Asia Pacific is expected to grow at the highest rate in the global cellular modem market share. A number of significant factors are driving the considerable expansion of the market in the Asia Pacific region. The need for cellular modems is rising in this region due to rapid urbanization and increasing internet penetration, especially in places with limited access to wired broadband connections. The demand for smooth and dependable internet connectivity is driving the adoption of cellular modems due to the expansion of smartphones and loT devices and government initiatives supporting digitalization and smart city projects. Businesses and individuals are being encouraged to invest in cutting-edge cellular modem solutions by the ongoing rollout of 4G and 5G networks in several Asian nations, which are improving network capabilities and providing faster data speeds.

Cellular Modem Market by Region

Cellular Modem Market by Region

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Top Cellular Modem Companies - Key Market Players

The cellular modem companies is dominated by globally established players such as

  • 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).

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Scope of the Report

Report Metric

Details

Estimated Value

USD 4.8 billion

Expected Value 

USD 12.4 billion

Growth Rate

CAGR of 20.6%

Market size available for years

2019–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million/Billion) and Volume (Million)

Segments Covered

By Type, By Technology, By Vertical, and By Region

Region covered

North America, Europe, Asia Pacific, and the Rest of the World

Companies covered

The key players in the cellular modem market are 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); and Airgain, Inc.(US)

Cellular Modem Market Highlights

The study categorizes the cellular modem market-based type, technology, vertical, and region.

Segment

Subsegment

By Type

  • Embedded Cellular Modem
  • Box Portable Cellular Modem

By Technology

  • 2G
  • 3G
  • 4G
  • 5G
  • NB-IoT
  • LTE-M

By Vertical

  • Agriculture
  • Automotive & Transportation
  • Building Automation
  • Consumer Electronics
  • Energy & Utilities
  • Healthcare
  • Industrial/Manufacturing
  • Retail
  • Smart Cities
  • Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Middle East & Africa
    • South America

Recent Developments

  • In March 2023, Digi International Inc. (US) expanded its Digi XBee 3 Global Cellular product family by launching Digi XBee 3 Cellular LTE Cat 1 and Digi XBee 3 Cellular LTE-M/NB-IoT smart modems. These compact and pre-certified modems offer secure and programmable cellular connectivity for IoT devices and gateways, reducing development costs and time. They support LTE Cat 1, LTE-M, and NB-IoT networks with 2G/3G fallback.
  • In February 2023, Qualcomm Technologies (US) introduced the Snapdragon X35 5G Modem-RF System. It bridges the gap between high-speed mobile broadband devices and low-bandwidth NB-IoT devices, enabling smaller, more cost-efficient, and longer battery-life devices. The Snapdragon X35 offers a streamlined architecture with superior power and thermal efficiency, allowing for a small form factor design tailored to compact devices.
  • In November 2022, Qualcomm Technologies (US)  and Siemens Smart Infrastructure (Switzerland) collaborated to develop new smart building automation systems using 5G private networks. They implemented Qualcomm's Snapdragon X55 5G Modem-RF System to create a more efficient, secure, and cost-effective system.

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INTRODUCTION
22
RESEARCH METHODOLOGY
27
EXECUTIVE SUMMARY
40
PREMIUM INSIGHTS
44
MARKET OVERVIEW
46
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Rapid evolution and adoption of advanced wireless technologies
    - High demand for smart home devices
    - Increased need for advanced connectivity solutions in Industry 4.0 era
    - Indispensable need for edge computing in IoT
    - Strong preference for e-learning and online education
    RESTRAINTS
    - Interoperability issues within cellular networks
    - Security and privacy concerns in data-driven environment
    OPPORTUNITIES
    - Growing trend of digital payments in FinTech sector
    - Government initiatives for digital transformation
    - Increasing adoption of telemedicine and remote healthcare services
    - Integration of cellular technology in fleet management systems
    CHALLENGES
    - Hampered performance in adverse weather conditions
    - Limited coverage of cellular networks in remote or rural areas
  • 5.3 VALUE CHAIN ANALYSIS
  • 5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • 5.5 ECOSYSTEM ANALYSIS
  • 5.6 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.7 CASE STUDY ANALYSIS
  • 5.8 TECHNOLOGY ANALYSIS
    MASSIVE MIMO
    BEAMFORMING
    CARRIER AGGREGATION
    LICENSE ASSISTED ACCESS (LAA)
  • 5.9 PRICING ANALYSIS
    AVERAGE SELLING PRICE (ASP) TREND OF CELLULAR MODEMS, BY REGION
    AVERAGE SELLING PRICE (ASP) TREND OF CELLULAR MODEMS OFFERED BY TOP SIX PLAYERS
  • 5.10 TRADE ANALYSIS
    IMPORT SCENARIO
    EXPORT SCENARIO
  • 5.11 PATENT ANALYSIS, 2019–2023
  • 5.12 TARIFF ANALYSIS
    TARIFFS
  • 5.13 REGULATORY LANDSCAPE AND STANDARDS
    REGULATIONS
    STANDARDS
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.14 KEY CONFERENCES AND EVENTS, 2024
  • 5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
CELLULAR MODEM MARKET, BY TYPE
84
  • 6.1 INTRODUCTION
  • 6.2 EMBEDDED CELLULAR MODEMS
    INCREASING INTEGRATION OF CELLULAR CONNECTIVITY IN IOT AND SMART APPLIANCES TO BOOST DEMAND
  • 6.3 BOX PORTABLE CELLULAR MODEMS
    INCREASING ADOPTION OF REMOTE WORK AND E-LEARNING PLATFORMS TO ACCELERATE DEMAND
CELLULAR MODEM MARKET, BY TECHNOLOGY
92
  • 7.1 INTRODUCTION
  • 7.2 2G
    APPLICATIONS DEMANDING LESS DATA TRANSFERS TO DRIVE DEMAND
  • 7.3 3G
    SHIFT TOWARD DATA-CENTRIC SERVICES TO BOOST DEMAND
  • 7.4 4G
    ENHANCED BANDWIDTH AND SUPERIOR SERVICE QUALITY TO DRIVE MARKET
  • 7.5 5G
    UNPARALLELED DATA TRANSMISSION SPEED AND LOW LATENCY FEATURES TO ACCELERATE ADOPTION OF 5G MODEMS
  • 7.6 LPWAN
    LTE-M
    - Pressing need for reliable and secure data transmission over cellular networks to drive market
    NB-IOT
    - Smart meters and environmental sensors to generate significant demand
CELLULAR MODEM MARKET, BY VERTICAL
109
  • 8.1 INTRODUCTION
  • 8.2 AGRICULTURE
    GROWING ADOPTION OF SMART AGRICULTURE EQUIPMENT TO CREATE OPPORTUNITIES FOR PLAYERS
  • 8.3 AUTOMOTIVE & TRANSPORTATION
    NEED FOR REAL-TIME INFORMATION ON TRAFFIC CONDITIONS AND ROAD HAZARDS TO ENSURE SAFER DRIVING TO BOOST ADOPTION
  • 8.4 CONSUMER ELECTRONICS
    INCREASING DEMAND FOR SMART HOMES TO SUPPORT MARKET GROWTH
  • 8.5 BUILDING AUTOMATION
    GROWING FOCUS ON REDUCING OPERATIONAL COSTS AND ENSURING ENERGY SAVINGS TO FUEL DEMAND
  • 8.6 ENERGY & UTILITIES
    PRESSING NEED FOR UNINTERRUPTED COMMUNICATION BETWEEN GRID COMPONENTS TO BOOST DEMAND
  • 8.7 HEALTHCARE
    INCREASING PREFERENCE FOR TELEMEDICINE SERVICES TO FOSTER MARKET GROWTH
  • 8.8 INDUSTRIAL/MANUFACTURING
    GROWING USE OF MACHINE-TO-MACHINE COMMUNICATION TECHNOLOGY TO FUEL MARKET GROWTH
  • 8.9 RETAIL
    ABILITY TO OFFER QUICK AND RELIABLE PAYMENT PROCESSING TO BOOST DEMAND
  • 8.10 SMART CITIES
    GROWING DEPLOYMENT IN INTELLIGENT TRANSPORTATION SYSTEMS TO BOOST DEMAND
  • 8.11 OTHERS
CELLULAR MODEM MARKET, BY REGION
129
  • 9.1 INTRODUCTION
  • 9.2 NORTH AMERICA
    NORTH AMERICA: RECESSION IMPACT
    US
    - Rising adoption of 5G, IoT, robotics, and big data analytics technologies to drive market
    CANADA
    - Growing focus on enhancing 5G capabilities to boost demand
    MEXICO
    - Vehicle telematics and fleet management applications in automobile industry to contribute to high demand
  • 9.3 EUROPE
    EUROPE: RECESSION IMPACT
    GERMANY
    - Thriving industrial and automotive sectors to fuel market growth
    UK
    - Strong use of smart technologies and connected devices to accelerate demand for cellular modems
    FRANCE
    - Increasing government investments in advanced communication technologies to stimulate requirement for cellular modems
    ITALY
    - Rising focus on adoption of ultra-fast communication technologies to foster market growth
    SPAIN
    - Strategic initiatives and significant investments in digital infrastructure to boost demand
    REST OF EUROPE
  • 9.4 ASIA PACIFIC
    ASIA PACIFIC: RECESSION IMPACT
    CHINA
    - Substantial progress by major telecom operators to boost demand
    JAPAN
    - Fierce competition among established players to boost demand
    INDIA
    - Favorable government policies for development of manufacturing sector to accelerate demand
    SOUTH KOREA
    - Growing trend of advanced manufacturing to drive market
    REST OF ASIA PACIFIC
  • 9.5 ROW
    ROW: RECESSION IMPACT
    SOUTH AMERICA
    - Projected rise in 5G penetration by 2030 to drive market
    MIDDLE EAST & AFRICA
    - Focus of major telecommunications companies on expanding 5G networks to create opportunities
COMPETITIVE LANDSCAPE
159
  • 10.1 OVERVIEW
  • 10.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS
  • 10.3 REVENUE ANALYSIS, 2018–2022
  • 10.4 MARKET SHARE ANALYSIS, 2022
  • 10.5 COMPANY EVALUATION MATRIX, 2022
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
  • 10.6 COMPANY FOOTPRINT
  • 10.7 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
  • 10.8 COMPETITIVE BENCHMARKING
  • 10.9 COMPETITIVE SCENARIOS AND TRENDS
    PRODUCT LAUNCHES
    DEALS
    OTHERS
COMPANY PROFILES
182
  • 11.1 KEY PLAYERS
    DIGI INTERNATIONAL INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SIERRA WIRELESS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    QUALCOMM TECHNOLOGIES, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    D-LINK CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    HUAWEI DEVICE CO., LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    TP-LINK CORPORATION LIMITED
    - Business overview
    - Products/Solutions/Services offered
    XIAMEN BAIMA TECHNOLOGY CO., LTD.
    - Business overview
    - Products/Solutions/Services offered
    NETGEAR
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ADVANTECH CO., LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    CISCO SYSTEMS, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 11.2 OTHER KEY PLAYERS
    MOXA INC.
    MULTI-TECH SYSTEMS, INC.
    BELKIN
    PEPLINK
    ROBUSTEL
    LANTRONIX, INC.
    INHAND NETWORKS
    MOTOROLA MOBILITY LLC
    BENTEK SYSTEMS
    CAMPBELL SCIENTIFIC, INC.
    RED LION
    SHENZHEN WLINK TECHNOLOGY CO., LTD.
    JINAN USR IOT TECHNOLOGY LIMITED
    BIVOCOM
    AIRGAIN, INC.
APPENDIX
238
  • 12.1 DISCUSSION GUIDE
  • 12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 12.3 CUSTOMIZATION OPTIONS
  • 12.4 RELATED REPORTS
  • 12.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 CURRENCY CONVERSION RATES
  • TABLE 2 COMPANIES AND THEIR ROLES IN CELLULAR MODEM ECOSYSTEM
  • TABLE 3 CELLULAR MODEM MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 4 LANTRONIX PROVIDES E210 ROUTERS TO ARGUS SECURE TECHNOLOGIES FOR SECURE DATA TRANSMISSION
  • TABLE 5 DEGIV HEALTH TERMINALS STRENGTHENS PATIENT PRIVACY WITH DIGI IX20 4G LTE ROUTER
  • TABLE 6 SIERRA WIRELESS AIRLINK GX450 GATEWAY ENABLES FARM FROM A BOX TO DEVELOP SUSTAINABLE AND REMOTE MONITORING SOLUTIONS
  • TABLE 7 SIERRA WIRELESS SIMPLIFIES CLEANROBOTICS’ TRASHBOT DEPLOYMENT THROUGH PLUG-AND-PLAY MODEL
  • TABLE 8 SIERRA WIRELESS SOLUTION ASSISTS QSH TO DEPLOY 15,000 SMART LOCKERS GLOBALLY
  • TABLE 9 AVERAGE SELLING PRICE (ASP) TREND OF CELLULAR MODEMS, BY TYPE, 2019–2022 (USD)
  • TABLE 10 AVERAGE SELLING PRICE (ASP) TREND OF CELLULAR MODEMS, BY TYPE, 2023–2028 (USD)
  • TABLE 11 CELLULAR MODEM MARKET: LIST OF PATENTS, 2019–2023
  • TABLE 12 TOP 20 PATENT OWNERS, 2013–2023
  • TABLE 13 MFN TARIFF FOR HS CODE 8517-COMPLIANT PRODUCTS EXPORTED BY US
  • TABLE 14 MFN TARIFF FOR HS CODE 8517-COMPLIANT PRODUCTS EXPORTED BY CHINA
  • TABLE 15 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 16 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 17 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 18 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 19 CELLULAR MODEM MARKET: LIST OF CONFERENCES AND EVENTS, 2024
  • TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
  • TABLE 21 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • TABLE 22 CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
  • TABLE 23 CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
  • TABLE 24 CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (MILLION UNITS)
  • TABLE 25 CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (MILLION UNITS)
  • TABLE 26 USE CASE: AIA'S REMOTE MONITORING SOLUTION ENABLES EFFICIENT AUTOMATION IN OIL AND & INDUSTRY
  • TABLE 27 EMBEDDED CELLULAR MODEMS: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 28 EMBEDDED CELLULAR MODEMS: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 29 USE CASE: DIGI INTERNATIONAL PARTNERS WITH AT&T TO CENTRALIZE DEVICE MANAGEMENT AND SUPPORT CONNECTED VEHICLES
  • TABLE 30 BOX PORTABLE CELLULAR MODEMS: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 31 BOX PORTABLE CELLULAR MODEMS: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 32 CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
  • TABLE 33 CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
  • TABLE 34 USE CASE: M.O. POWER TRANSMISSION ENHANCES ENERGY SUBSTATION AUTOMATION WITH 2G/3G MODEMS
  • TABLE 35 2G: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 36 2G: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 37 USE CASE: RUBIN IMPLEMENTS ROBUSTEL’S M1000 XP MODEM TO ENHANCE MAINTENANCE CAPABILITIES
  • TABLE 38 3G: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 39 3G: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 40 USE CASE: DIGI INTERNATIONAL INC. ASSISTS METRO COMPACTOR SERVICE INC. MANAGE WASTE EFFICIENTLY
  • TABLE 41 4G: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 42 4G: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 43 USE CASE: TRIMET IMPROVES FLEET MANAGEMENT WITH DIGI TX64 TRANSPORTATION ROUTER
  • TABLE 44 5G: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 45 5G: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 46 USE CASE: INFINITUM ELECTRIC ENHANCES HVAC APPLICATIONS WITH DIGI XBEE 3 SMART CELLULAR MODEMS
  • TABLE 47 LTE-M: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 48 LTE-M: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 49 USE CASE: PUPPTECH DEVELOPS PORTABLE AND CONNECTED ENVIRONMENTAL MONITORING SOLUTIONS FOR DOGS WITH DIGI XBEE 3 CELLULAR LTE-M/NB-IOT MODEM
  • TABLE 50 NB-IOT: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 51 NB-IOT: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 52 CELLULAR MODEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 53 CELLULAR MODEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  • TABLE 54 AGRICULTURE: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 55 AGRICULTURE: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 56 AUTOMOTIVE & TRANSPORTATION: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 57 AUTOMOTIVE & TRANSPORTATION: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 58 CONSUMER ELECTRONICS: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 59 CONSUMER ELECTRONICS: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 60 BUILDING AUTOMATION: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 61 BUILDING AUTOMATION: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 62 ENERGY & UTILITIES: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 63 ENERGY & UTILITIES: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 64 HEALTHCARE: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 65 HEALTHCARE: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 66 INDUSTRIAL/MANUFACTURING: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 67 INDUSTRIAL/MANUFACTURING: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 68 RETAIL: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 69 RETAIL: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 70 SMART CITIES: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 71 SMART CITIES: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 72 OTHERS: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 73 OTHERS: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 74 CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 75 CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 76 NORTH AMERICA: CELLULAR MODEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 77 NORTH AMERICA: CELLULAR MODEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 78 NORTH AMERICA: CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
  • TABLE 79 NORTH AMERICA: CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
  • TABLE 80 NORTH AMERICA: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
  • TABLE 81 NORTH AMERICA: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
  • TABLE 82 NORTH AMERICA: CELLULAR MODEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
  • TABLE 83 NORTH AMERICA: CELLULAR MODEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  • TABLE 84 EUROPE: CELLULAR MODEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 85 EUROPE: CELLULAR MODEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 86 EUROPE: CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
  • TABLE 87 EUROPE: CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
  • TABLE 88 EUROPE: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
  • TABLE 89 EUROPE: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
  • TABLE 90 EUROPE: CELLULAR MODEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
  • TABLE 91 EUROPE: CELLULAR MODEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  • TABLE 92 ASIA PACIFIC: CELLULAR MODEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 93 ASIA PACIFIC: CELLULAR MODEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 94 ASIA PACIFIC: CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
  • TABLE 95 ASIA PACIFIC: CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
  • TABLE 96 ASIA PACIFIC: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
  • TABLE 97 ASIA PACIFIC: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
  • TABLE 98 ASIA PACIFIC: CELLULAR MODEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
  • TABLE 99 ASIA PACIFIC: CELLULAR MODEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  • TABLE 100 ROW: CELLULAR MODEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 101 ROW: CELLULAR MODEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 102 ROW: CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
  • TABLE 103 ROW: CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
  • TABLE 104 ROW: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
  • TABLE 105 ROW: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
  • TABLE 106 ROW: CELLULAR MODEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
  • TABLE 107 ROW: CELLULAR MODEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
  • TABLE 108 CELLULAR MODEM MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
  • TABLE 109 CELLULAR MODEM MARKET SHARE ANALYSIS, 2022
  • TABLE 110 OVERALL COMPANY FOOTPRINT
  • TABLE 111 COMPANY FOOTPRINT: TYPE
  • TABLE 112 COMPANY FOOTPRINT: REGION
  • TABLE 113 LIST OF KEY START-UPS/SMES
  • TABLE 114 CELLULAR MODEM MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
  • TABLE 115 CELLULAR MODEM MARKET: PRODUCT LAUNCHES, 2019–2023
  • TABLE 116 CELLULAR MODEM MARKET: DEALS, 2019–2023
  • TABLE 117 CELLULAR MODEM MARKET: OTHERS, 2019–2023
  • TABLE 118 DIGI INTERNATIONAL INC.: COMPANY OVERVIEW
  • TABLE 119 DIGI INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 120 DIGI INTERNATIONAL INC.: PRODUCT LAUNCHES
  • TABLE 121 DIGI INTERNATIONAL INC.: DEALS
  • TABLE 122 DIGI INTERNATIONAL INC.: OTHERS
  • TABLE 123 SIERRA WIRELESS: COMPANY OVERVIEW
  • TABLE 124 SIERRA WIRELESS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 125 SIERRA WIRELESS: PRODUCT LAUNCHES
  • TABLE 126 SIERRA WIRELESS: DEALS
  • TABLE 127 QUALCOMM TECHNOLOGIES, INC.: COMPANY OVERVIEW
  • TABLE 128 QUALCOMM TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 129 QUALCOMM TECHNOLOGIES, INC.: PRODUCT LAUNCHES
  • TABLE 130 QUALCOMM TECHNOLOGIES, INC.: DEALS
  • TABLE 131 D-LINK CORPORATION: COMPANY OVERVIEW
  • TABLE 132 D-LINK CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 133 HUAWEI DEVICE CO., LTD.: COMPANY OVERVIEW
  • TABLE 134 HUAWEI DEVICE CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 135 HUAWEI DEVICE CO., LTD.: DEALS
  • TABLE 136 TP-LINK CORPORATION LIMITED: COMPANY OVERVIEW
  • TABLE 137 TP-LINK CORPORATION LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 138 XIAMEN BAIMA TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
  • TABLE 139 XIAMEN BAIMA TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 140 NETGEAR: COMPANY OVERVIEW
  • TABLE 141 NETGEAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 142 NETGEAR: PRODUCT LAUNCHES
  • TABLE 143 NETGEAR: DEALS
  • TABLE 144 ADVANTECH CO., LTD.: COMPANY OVERVIEW
  • TABLE 145 ADVANTECH CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 146 ADVANTECH CO., LTD.: DEALS
  • TABLE 147 CISCO SYSTEMS, INC.: COMPANY OVERVIEW
  • TABLE 148 CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 149 CISCO SYSTEMS, INC.: DEALS
LIST OF FIGURES
 
  • FIGURE 1 CELLULAR MODEM MARKET: SEGMENTATION
  • FIGURE 2 CELLULAR MODEM MARKET: RESEARCH DESIGN
  • FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUES GENERATED BY COMPANIES FROM SALES OF CELLULAR MODEMS
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP (DEMAND SIDE): DEMAND FOR CELLULAR MODEMS
  • FIGURE 6 CELLULAR MODEM MARKET: BOTTOM-UP APPROACH
  • FIGURE 7 CELLULAR MODEM MARKET: TOP-DOWN APPROACH
  • FIGURE 8 DATA TRIANGULATION
  • FIGURE 9 EMBEDDED CELLULAR MODEMS TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 10 4G TECHNOLOGY TO SECURE LARGEST MARKET SHARE IN 2023
  • FIGURE 11 HEALTHCARE VERTICAL TO EXHIBIT HIGHEST CAGR FROM 2023 TO 2028
  • FIGURE 12 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 13 ADVANCEMENTS IN WIRELESS TECHNOLOGIES TO FUEL GROWTH OF CELLULAR MODEM MARKET FROM 2023 TO 2028
  • FIGURE 14 5G TECHNOLOGY TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 15 4G AND CHINA TO HOLD LARGEST SHARES OF CELLULAR MODEM MARKET IN 2023
  • FIGURE 16 CELLULAR MODEM MARKET IN INDIA TO GROW AT HIGHEST CAGR FROM 2023 TO 2028
  • FIGURE 17 CELLULAR MODEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 18 GLOBAL M2M CONNECTIONS, 2019–2023
  • FIGURE 19 CELLULAR MODEM MARKET: IMPACT ANALYSIS OF DRIVERS
  • FIGURE 20 CELLULAR MODEM MARKET: IMPACT ANALYSIS OF RESTRAINTS
  • FIGURE 21 CELLULAR MODEM MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
  • FIGURE 22 CELLULAR MODEM MARKET: IMPACT ANALYSIS OF CHALLENGES
  • FIGURE 23 VALUE CHAIN ANALYSIS: MANUFACTURERS TO CONTRIBUTE MOST TO PRODUCT COST
  • FIGURE 24 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • FIGURE 25 ECOSYSTEM ANALYSIS
  • FIGURE 26 CELLULAR MODEM MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 27 AVERAGE SELLING PRICE (ASP) TREND OF EMBEDDED CELLULAR MODEMS, BY REGION, 2019–2028 (USD)
  • FIGURE 28 AVERAGE SELLING PRICE (ASP) TREND OF BOX PORTABLE CELLULAR MODEMS, BY REGION, 2019–2028 (USD)
  • FIGURE 29 AVERAGE SELLING PRICE TREND OF CELLULAR MODEMS OFFERED BY TOP SIX PLAYERS
  • FIGURE 30 IMPORT DATA FOR HS CODE 8517-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD BILLION)
  • FIGURE 31 EXPORT DATA FOR HS CODE 8517-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD BILLION)
  • FIGURE 32 CELLULAR MODEM MARKET: PATENTS GRANTED, 2012–2023
  • FIGURE 33 CELLULAR MODEM MARKET: TOP 10 PATENT HOLDERS IN CELLULAR MODEM MARKET, 2013–2023
  • FIGURE 34 KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE VERTICALS
  • FIGURE 35 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • FIGURE 36 CELLULAR MODEM MARKET, BY TYPE
  • FIGURE 37 EMBEDDED CELLULAR MODEMS TO DISPLAY HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 38 NORTH AMERICA TO DISPLAY HIGHEST CAGR IN EMBEDDED CELLULAR MODEM MARKET DURING FORECAST PERIOD
  • FIGURE 39 NORTH AMERICA TO HOLD SIGNIFICANT MARKET SHARE OF BOX PORTABLE CELLULAR MODEM MARKET THROUGHOUT FORECAST PERIOD
  • FIGURE 40 CELLULAR MODEM MARKET, BY TECHNOLOGY
  • FIGURE 41 5G CELLULAR MODEMS TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 42 ASIA PACIFIC TO HOLD LARGEST MARKET SHARE FROM 2023 TO 2028
  • FIGURE 43 ASIA PACIFIC TO COMMAND MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 44 ASIA PACIFIC TO SECURE LARGEST MARKET SHARE FROM 2023 TO 2028
  • FIGURE 45 ASIA PACIFIC TO LEAD MARKET THROUGHOUT FORECAST PERIOD
  • FIGURE 46 NORTH AMERICA TO CAPTURE LARGEST MARKET SHARE IN 2023
  • FIGURE 47 ASIA PACIFIC TO SECURE LARGEST MARKET SHARE FROM 2023 TO 2028
  • FIGURE 48 CELLULAR MODEM MARKET, BY VERTICAL
  • FIGURE 49 ENERGY & UTILITIES VERTICAL TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 50 ASIA PACIFIC TO DOMINATE CELLULAR MODEM MARKET FOR AGRICULTURE APPLICATIONS THROUGHOUT FORECAST PERIOD
  • FIGURE 51 EUROPE TO SECURE SIGNIFICANT MARKET SHARE IN CELLULAR MODEM MARKET DURING FORECAST PERIOD
  • FIGURE 52 ASIA PACIFIC TO LEAD CELLULAR MODEM MARKET FOR CONSUMER ELECTRONICS FROM 2023 TO 2028
  • FIGURE 53 NORTH AMERICA TO HOLD LARGEST MARKET SHARE FOR BUILDING AUTOMATION FROM 2O23 TO 2028
  • FIGURE 54 ASIA PACIFIC TO COMMAND CELLULAR MODEM MARKET FOR ENERGY & UTILITIES THROUGHOUT FORECAST PERIOD
  • FIGURE 55 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 56 ASIA PACIFIC TO COMMAND MARKET FROM 2023 TO 2028
  • FIGURE 57 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR FOR RETAIL DURING FORECAST PERIOD
  • FIGURE 58 ASIA PACIFIC TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
  • FIGURE 59 NORTH AMERICA TO DISPLAY HIGHEST CAGR IN CELLULAR MODEM MARKET FOR OTHER VERTICALS DURING FORECAST PERIOD
  • FIGURE 60 INDIA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 61 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
  • FIGURE 62 NORTH AMERICA: CELLULAR MODEM MARKET SNAPSHOT
  • FIGURE 63 EUROPE: CELLULAR MODEM MARKET SNAPSHOT
  • FIGURE 64 ASIA PACIFIC: CELLULAR MODEM MARKET SNAPSHOT
  • FIGURE 65 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022
  • FIGURE 66 CELLULAR MODEM MARKET SHARE ANALYSIS, 2022
  • FIGURE 67 CELLULAR MODEM MARKET: COMPANY EVALUATION MATRIX, 2022
  • FIGURE 68 CELLULAR MODEM MARKET: START-UPS/SMES EVALUATION MATRIX, 2022
  • FIGURE 69 DIGI INTERNATIONAL INC.: COMPANY SNAPSHOT
  • FIGURE 70 QUALCOMM TECHNOLOGIES, INC.: COMPANY SNAPSHOT
  • FIGURE 71 D-LINK CORPORATION: COMPANY SNAPSHOT
  • FIGURE 72 HUAWEI DEVICE CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 73 NETGEAR: COMPANY SNAPSHOT
  • FIGURE 74 ADVANTECH CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 75 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT

The study involved four major activities in estimating the size of the cellular modem market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. Validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the global market size. After that, market breakdown and data triangulation have been used to estimate the market sizes of segments and subsegments.

Secondary Research

Revenues of companies offering cellular modems worldwide have been obtained based on the secondary data accessed through paid and unpaid sources. They have also been derived by analyzing the product portfolios of key companies, rated according to the performance and quality of their products.

In the secondary research process, various secondary sources have been referred to for identifying and collecting information related to this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles by recognized authors; directories; and databases. Secondary research has been mainly carried out to obtain key information about the supply chain of the cellular modem ecosystem, the value chain of the market, the total pool of the key players, market classification, and segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both markets- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information important for this report. Primary sources from the supply side included industry experts such as chief executive officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related executives from various key companies and organizations operating in the cellular modem market. After the complete market engineering (including calculations for the market statistics, market breakdown, data triangulation, market estimation, and market forecasting), extensive primary research was conducted to gather information and verify and validate the critical numbers obtained.

Primary research was also conducted to identify the segmentation, industry trends, key players and to analyze the competitive landscape and key market dynamics such as drivers, restraints, opportunities, challenges, and Porter’s five forces analysis, as well as growth strategies adopted by various key market players. Approximately 45% and 55% of primary interviews were conducted for the demand and supply sides.

Cellular Modem Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the cellular modem market. These methods have also been extensively used to estimate the sizes of various market subsegments. The research methodology used to estimate the market sizes includes the following:

  • Identifying verticals that are either using or are expected to use cellular modem products and solutions.
  • Tracking leading companies and system integrators operating across various verticals.
  • Deriving the size of the cellular modem market through the data sanity method, analyzing revenues of more than 25 key providers through their annual reports and press releases, and summing them up to estimate the overall market size.
  • Carrying out the market trend analysis to obtain the CAGR of the cellular modem market by understanding the penetration rate and analyzing the demand and supply of cellular modem products and solutions in different verticals.
  • Assigning a percentage to the overall revenue or, in a few cases, to segmental revenues of each company to derive their revenues from the sales of cellular modem products and solutions. This percentage for each company has been assigned based on their product portfolios and the range of their cellular modem offerings.
  • Verifying and crosschecking estimates at every level through discussions with the key opinion leaders, including CXOs, directors, and operation managers, and with domain experts at MarketsandMarkets.
  • Studying various paid and unpaid information sources such as annual reports, press releases, white papers, and databases.
  • Tracking companies' ongoing and upcoming cellular modem implementation projects and forecasting the market size based on these developments and other critical parameters.

Market Size Estimation Methodology-Bottom-up Approach

Cellular Modem Market Size, and Bottom-up Approach

Market Size Estimation Methodology-Top-Down Approach

Cellular Modem Market Size, and Top-Down Approachh

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the total market was split into several segments and subsegments. The market breakdown and data triangulation procedures were employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both top-down and bottom-up approaches.

Market Definition

Cellular modems are devices that connect to the internet network through SIM cards or Ethernet cables, extending network capabilities to devices like laptops and desktops. Cellular modems play a crucial role in providing internet connectivity in areas where wired broadband connections are not feasible or available. It relies on 2G, 3G, 4G, 5G, and LPWAN technologies, such as LTE-M and NB-IoT, for the transmission and reception of data. The 3rd Generation Partnership Project (3GPP) maintains the standards for cellular network technology which is responsible for developing the protocols for each next-generation cellular network. These modems have become essential in modern applications, providing reliable connectivity and enabling efficient data management.

Key Stakeholders

  • Semiconductor component manufacturers and distributors
  • Cellular modem and chipset manufacturers
  • Networking component providers
  • Companies providing wired and wireless connectivity services
  • Software platform providers
  • Original equipment manufacturers (OEMs)
  • Research organizations and consulting companies
  • Government bodies such as regulating authorities and policymakers
  • Venture capitalists and private equity firms
  • Associations, organizations, and alliances related to the cellular modem ecosystem
  • End users of cellular modem devices and solutions across various verticals, such as agriculture, automotive & transportation, building automation, consumer electronics, energy & utility, healthcare, industrial/manufacturing, retail, and smart cities.

Research Objectives

  • To define and forecast the cellular modem market based on type, technology, vertical, and region in terms of volume and value
  • To describe and forecast the cellular modem market based on four key regions, namely, North America, Europe, Asia Pacific, and RoW, along with their respective countries
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market size
  • To study the complete value chain of the cellular modem market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the cellular modem ecosystem
  • To strategically profile the key players and comprehensively analyze their market positions in terms of their ranking and core competencies2, and provide a detailed competitive landscape
  • To analyze competitive developments, such as product launches and developments, acquisitions, collaborations, agreements, and partnerships, in the cellular modem market

Available Customizations:

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  • Further breakdown of the market in different regions at the country-level
  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

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Report Code
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