The supply chain of Satellite Modem market is diverse and with ample future potential, fastest growing emerging markets like India, Brazil, and South Africa are creating a buzz among market players. The revenue growth for market players in these countries are expected to range between 15.7% and 23% annually which is a way above the global average of 16.4%. Moreover, the key opportunities, such as adoption in disaster management, expansion in rural connectivity and integration into iot systems, are anticipated to create revenue pockets.
Leading players such as Gilat Satellite Networks Ltd, Novelsat, Newtec Cy N.V, Datum Systems, Comtech EF Data Corporation, ViaSat Inc, Work Microwave GmbH, Advantech Wireless, Teledyne Paradise Datacom, Hughes Network Systems, LLC, ORBCOMM Inc, Ayecka Communication Systems and Ltd are well placed to compete within the global market and shifting focus & efforts to improve market position in the frontier markets.
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Market Dynamics
Increasing Demand for High-Speed Internet: In today's era of digitalization and the rising requirement for fast communication networks globally is boosting the popularity of satellite modems notably high. The purpose of these modems is to enable data transfer in distant regions to meet the surge in demand, for effective communication setups.
Advanced Satellite Technologies: Advances in technology like high throughput satellites (HTS) along with earth orbit (LEOs) are bringing about changes in the satellite modem market by improving signal quality and speed while increasing capacity demands, for satellite modems are rising especially for military and defense uses.
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