Global Satellite Modem Market Expected to Generate a Revenue of $1,004.4 million by 2028, Growing at a CAGR of 14.4% from 2021-2028 [232-Pages] | Research Dive

According to the report, the global satellite modem market is expected to register a revenue of $1,004.4 million by 2028, growing rapidly at a CAGR of 14.4% during the forecast period, 2021-2028.

Dynamics of the Satellite Modem Market

Growing demand for enhanced data transmission and data connectivity is expected to drive the growth of the satellite modem market during the forecast period. In addition, a significant surge in the demand for connected homes, healthcare devices, and connected automobiles is expected to create immense opportunities for the growth of the market during the forecast period. However, unforeseen regulations on satellite communications are expected to impede the growth of the satellite modem market during the forecast period.

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COVID-19 Impact on the Satellite Modem Market

The outbreak of COVID-19 has had an adverse impact on the growth of the global satellite modem market, owing to the occurrence of lockdowns in numerous countries across the globe. Lockdowns affected almost every industry during the pandemic, creating serious disruptions in the supply chain and manufacturing units of various industries. In addition, numerous people across the globe lost their jobs, which considerably declined their expenditure to a bare minimum during the pandemic. But eased lockdown restrictions by the government are expected to recover the growth of the market.

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Segments of the Satellite Modem Market

The report has divided the market into various segments based on channel type, technology, application, end-user, and region.

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Key Players of the Satellite Modem Market

The major players of the market include

These players are working on developing strategies such as product development, merger, and acquisition, partnerships, and collaborations to sustain the market growth. – Grab the Full Report here -$2999 (Read-Only)

For instance, in January 2020, Comtech Telecommunications Corp., an innovative company that develops, manufactures, and markets systems, services, and products for advanced communications solutions acquired Gilat Satellite Networks Ltd., an Israel-based public company that manufactures and sells VSAT satellite ground stations and related equipment, in order to strengthen Comtech's position in the global satellite modem market.

The report also summarizes many important aspects including the financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.

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About Research Dive

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and a strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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