The satellite modem market is estimated to grow from USD 403 million in 2021 to reach USD 710 million by 2026; it is expected to grow at a CAGR of 12.0% from 2021 to 2026. A few key factors driving the growth of this market are rising need for enriched high-speed data communication, increase in the number of high-throughput satellites (HTS), and growing demand for satellite communication in internet of things (IoT).
Comtech Telecommunications Corp. (US), ST Engineering (Singapore), Teledyne Technologies (US), Gilat Satellite Networks Ltd. (Israel), Viasat, Inc. (US), ORBCOMM Inc. (US), NOVELSAT (Israel), Datum Systems (US), Hughes Network Systems (US), WORK Microwave GmbH (Germany), ND SATCOM (Germany), Amplus Communication (Singapore), AYECKA Ltd (Israel), and SatixFy (Israel) are few major players in satellite modem market. Most of the leading companies have used contracts and partnerships as key strategies to boost their revenues in the satellite modem market.
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Top 2 Market Players:
ST Engineering (Singapore) is a global technology, defense, and engineering group specializing in the aerospace, electronics, land systems, and marine sectors. ST Engineering provides a portfolio of satellite modems under the brands called iDirect and Newtec. These products make it possible for its customers to deliver the best Satcom connectivity experience anywhere in the world. ST Engineering iDirect is the world’s largest TDMA enterprise VSAT manufacturer and focuses mainly on key industries, including broadcast, mobility, and military/government. To grow in the satellite modem market and position itself to take advantage of additional growth opportunities and meet its strategic objectives, the company has adopted a mix of inorganic and organic growth strategies, including contracts, partnerships, acquisitions, and product development. The company maintains its focus on R&D by collaborating with industrial players and academic institutes to stay ahead of the competition.
Comtech Telecommunications Corp. (US) designs, develops, manufactures, and markets products and systems for advanced communications solutions, as well as offers related services. Comtech EF Data Corporation, a subsidiary of Comtech Telecommunications Corp., provides satellite modems to support mission-critical and demanding applications for government, mobile backhaul, premium enterprise, and mobility. The company has established long-standing relationships with thousands of customers worldwide, including leading system and network suppliers in the global satellite (such as Intelsat S.A. and SES S.A.), mobile cellular (such as Verizon Wireless), defense, broadcasting, and aerospace industries, as well as the US federal government (such as the US Army and Navy), US state and local governments, and foreign governments. To grow in the satellite modem market and position itself to take advantage of additional growth opportunities and meet its strategic objectives, the company has adopted a mix of organic and inorganic growth strategies such as product launches, contracts, and acquisitions. The company’s sales strategies include a commitment to providing ongoing customer support for its systems and equipment.
Satellite Modem Market with COVID-19 Impact, by Application (Mobile & Backhaul, Offshore Communication, Tracking & Monitoring), End-User Industry (Telecom, Marine, Military), Channel Type, Data Rate, Technology, & Geography - Global Forecast to 2026
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