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3. Cellular Modem Companies - Digi International Inc. (US) and Sierra Wireless (Canada) are the Key Players

The cellular modem market is valued at 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. Factors such as the rapid evolution and adoption of advanced wireless technologies, and high demand for smart home devices are expected to drive market growth during the forecast period. 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.

Cellular Modem companies include:

• 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)

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These companies have employed a variety of growth approaches, such as product launches and development, collaborations, and acquisitions, to compete in the cellular modem market. Partnerships have been the key strategy of players from 2020 to 2022 for expanding their customer base and strengthening their product portfolio.

QUALCOMM TECHNOLOGIES, INC.

Qualcomm is a leading company that develops and sells wireless technologies and products. Its products are used in mobile devices, network equipment, broadband gateway equipment, consumer electronics, and other connected devices. Qualcomm also sells its technologies and products to various industries and applications, such as automotive, computing, Internet of Things (IoT), and networking. Qualcomm has three reportable segments: Qualcomm CDMA Technologies (QCT) Semiconductor, Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI).  Qualcomm possesses a robust portfolio of cutting-edge technologies, including 5G modems, processors, and wireless communication solutions.  One of its key strengths lies in its extensive research and development capabilities. For instance, Qualcomm invested 24.6% of its revenue in research and development in 2023, allowing the company to innovate and drive advancements in the mobile and IoT industries. The company's strategic collaborations with manufacturers and network operators worldwide have cemented its position as a leader in the 5G ecosystem. Further, the player has collaborated with Siemens Smart Infrastructure (Switzerland), Fastweb (Italy), and Bharti Airtel (India) to accelerate 5G adoption.

HUAWEI DEVICE CO., LTD.

Huawei is a leading global information and communications technology (ICT) infrastructure and smart devices provider. It offers a wide range of products, services, and business solutions to telecom carriers, enterprises, and consumers. Huawei is known for its ability to produce high-quality cellular modems at a competitive price. This is partly due to the company's strong vertical integration and ability to leverage its economies of scale. HUAWEI CPE Series and HUAWEI Mobile Wi-Fi Series offer reliable internet access to up to 32 devices. These devices can provide up to 300 Mbps download speed and 100 Mbps upload speed.  Huawei has a global presence, with sales offices and distribution partners in over 170 countries. This gives the company the ability to reach a wide range of customers around the world. Huawei invests heavily in research and development. For instance, in 2022, Huawei invested USD 23.18 billion in research and development. Moreover, Huawei Technologies has partnered with Ethio-Telecom (Ethiopia), the Telecom Sector Skill Council (India), and the African Telecommunications Union (ATU) (Africa) to enhance the communication infrastructure; this will help Huawei Technologies to increase its presence in the 5G technology ultimately boosting its presence in the cellular modem market.

D-LINK CORPORATION.

D-Link provides comprehensive networking and connectivity solutions for service providers, small and medium businesses, enterprises, and consumers. With a focus on innovation, it has expanded its offerings to include cloud applications and management platforms, offering smart home, smart business, and smart industry solutions. Its mobile hotspot offers rapid and reliable cellular connectivity with lightning-fast internet speeds, allowing users to stream music/videos, play online games, and download/upload files on multiple devices from anywhere.  D-Link is present in more than 50 countries globally through its subsidiaries and about 100 sales offices. The company's position as a top supplier of networking and connectivity solutions globally is reinforced by its broad international network, which allows it to reach a wide range of markets and consumers. The company has created a comprehensive supply chain ecosystem that encompasses research and development of hardware and software, production, technical support, and client education and training.

DIGI INTERNATIONAL INC.

Digi offers a wide range of cellular modems to support a variety of applications, from simple serial modems to complex embedded modules. Its modems are available in various form factors and support a wide range of cellular technologies, including LTE, 5G, and NB-IoT. The cellular modems of Digi are designed and built to meet the demanding requirements of industrial applications. They are built to withstand harsh environments and operating conditions, and Digi's industry-leading warranty and support back them. The company focuses on product launches, collaboration, partnerships, and agreements with distributor partners to gain a competitive advantage in the cellular modem market. For instance, Digi International Inc. signed agreements with TOPAS electronic AG (Germany), CLICO (Poland), and TESSCO Technologies, Inc. (US) for the distribution of its products. Digi International Inc. also acquired Ventus Holdings (US) and Ctek, Inc. (US) and partnered with STMicroelectronics (Switzerland). Further, the player has also collaborated with US cellular (US) and UR Group (Germany) and partnered with STMicroelectronics (Switzerland) and Convergia (Canada) to increase its market presence.

SIERRA WIRELESS

Sierra Wireless, a prominent IoT solutions provider, offers a comprehensive suite of integrated IoT solutions that combine edge devices, connectivity services, and cloud platforms. These solutions empower organizations to harness the potential of the connected economy. With a diverse customer base, including OEMs, industrial firms, public safety agencies, and enterprises worldwide, the player delivers fully integrated solutions that reduce complexity, transform data into actionable intelligence, and swiftly bring connected products and services to market. Sierra Wireless has strategically positioned itself as a leader in the IoT ecosystem by focusing on key areas such as 5G and LPWA (Low Power Wide Area) technologies, enabling it to provide future-proof solutions for IoT deployments. The company has embraced strategic partnerships with major telecom carriers, chipset providers, and technology companies, fostering innovation and expanding its market reach. For instance, Sierra Wireless partnered with Orange Wholesale (France), STMicroelectronics (Switzerland), T-Mobile (US), and Amdocs (US) to increase its market presence.a

Related Reports:

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

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Mr. Aashish Mehra
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