The wireless data radio modem market is expected to be worth USD 724.1 Million by 2023 from USD 594.4 Million in 2018, at a CAGR of 4.03% during the forecast period. Growing demand for radio modems in agricultural drones and surveys, and dominance of radio modems in SCADA and telemetry applications are the major factors driving the growth of the wireless data radio modem market. Increase in the number of exemptions for the use of UAV drones in the commercial applications is the major opportunity for the growth of this market.
The wireless data radio modem market is highly competitive with a large number of global and local market players. The product launches and developments strategies have been one of the most prominent strategies followed by the key industry players in the recent years. Moreover, partnerships, collaborations, and agreement are the other major growth strategies followed by the companies in the wireless data radio modem market. The key players implementing these strategies are Intuicom (US), SATEL OY (Finland), Motorola Solutions (US), Schneider Electric (France), Digi International (US), Pacific Crest (US), Advantech B+B SmartWorx (US), FreeWave Technologies (US), Cohda Wireless (Australia), Campbell Scientific (US), Harris Corporation (US), Pro4 Wireless (Sweden), SIMREX Corporation (US), Wood & Douglas (UK), GE Grid Solutions (US), JAVAD GNSS (US), ABB (Switzerland), Harxon Corporation (China), Adeunis (France), ATIM Radiocommunications (France), Encom Wireless (Canada), Microhard Systems (Canada), and Arada Systems (US).
Top 2 players in the wireless data radio modem market:
SATEL focuses on the development of narrow-band radio frequency communication systems. The company manufactures, designs, and markets radio modems and radio modules for the mission-critical wireless data transmission. For example, the SATEL radio technology guarantees secure, reliable, and independent data connectivity for monitoring and controlling the condition of the SCADA utility system, such as in electricity distribution, automatic meter reading, and waterworks. SATELLAR XT 5RC, SATEL-LP8, and SATELLINE-3AS NMS are some of SATEL products used in SCADA application. Its radio technology devices such as SATELLINE-M3-TR4, SATEL Compact-Proof, and SATELLINE-4Pro are also used in GNSS RTK, remote measurement, and control and interrogation applications; these applications include land surveying, precision farming, machine control, and harbor logistics. It has strong expertise in the radio communication technology market. Its major focus is on expanding its product line by launching technologically upgraded products. For instance, in August 2017, SATEL launched new SATEL Compact-4BT radio modem for demanding field conditions.
Schneider Electric mainly focuses on investing in the development of new or innovative products. For instance, the company increased its R&D expenditures by 5% in 2016 and 5.4% in 2015. Schneider Electric has been actively undertaking the acquisition of technologies and businesses. In 2014, the company acquired Invensys, a multinational engineering and information technology company. In 2013, the company acquired Electroshield to develop smart grid and energy-efficient resources in the oil and gas, and mining industries; in 2010, it acquired SCADA Group whose subsidiary, Trio Datacom Pty Ltd., is prominently active in designing and manufacturing of data radio communication equipment. With its diversified and balanced exposure across the globe, the company aims to expand its business in new economies through mergers and acquisitions.
Wireless Data Radio Modem Market by Product (General-Purpose Data Modem (Application: SCADA & Telemetry, Precision Farming), UAV Drone Data Modem (Application: Precision Farming, Transportation)), Operating Range, and Geography - Global Forecast to 2023
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