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With the advent of LPWAN and the rollout of 5G networks, cellular modems are becoming essential components in wireless sensor networks and IoT deployments. The increasing demand for telemedicine and remote healthcare services, as well as the proliferation of IoT devices, are also driving the growth of the cellular modem market. This market is segmented by product type (embedded and portable cellular modems), by industry, and by region, including North America, Europe, APAC, South America, and the Middle East and Africa. This report also analyzes key competitors in the cellular modem market, such as Belkin, Moxa, and Qualcomm.
Technavio’s in-depth industry report offers historical data as well as a comprehensive market forecast. It analyzes the current state of the cellular modem market and provides detailed predictions on its performance over the coming years. It examines key factors such as market drivers, challenges, and key emerging trends, as well as the global competitive landscape. Also included is a breakdown of the types of products available on the market, along with their market shares and future prospects.
Market report highlights
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Market report insights
- Precise evaluation of the market’s size, including historical data and a forecast of market performance from 2024 to 2028
- Qualitative and quantitative analysis of the current market scenario and future prospects, allowing clients to make informed business decisions
- In-depth analysis of the drivers and challenges that will impact the growth of the market between 2024 and 2028
- Predictions about upcoming trends and changes in consumer behavior
- A thorough industry analysis of the competitive landscape and detailed information on key companies in the market, including factors such as market positioning and product offerings
- Region-by-region analysis of market growth and opportunities across North America, Europe, APAC, South America, and the Middle East and Africa
Market segmentation
The cellular modem market is segmented according to product type, industry, and region. Technavio’s industry report provides actionable market insights on each segment, including market share and growth forecasts. The energy and utility sector is a leading market for cellular modems, as traditional infrastructure is transformed into new smart systems. Cellular modems allow for services such as real-time data transmission and remote monitoring and control.
Product Type Segmentation
- Embedded cellular modems
- Portable cellular modems
Industry Segmentation
- Manufacturing
- Transportation
- Energy and Utility
- Others
Regional analysis
Different parts of the world will have different demands, supply chain logistics, legal nuances, and other factors to take into consideration when entering a new market. Technavio’s cellular modem market research helps facilitate strategic business decisions by providing a historical and focused look at regional markets, including market trends, drivers, and challenges as well as predictions for regional market sizes and growth.
Geographical Segmentation:
- North America
- Segmentation by product
- Segmentation by industry
- Europe
- Segmentation by product
- Segmentation by industry
- APAC
- Segmentation by product
- Segmentation by industry
- South America
- Segmentation by product
- Segmentation by industry
- The Middle East and Africa
- Segmentation by product
- Segmentation by industry
Competitive landscape
This report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies in order to help clients improve their market positions. It also provides a detailed analysis of the upcoming cellular modem market trends and challenges and how they will influence market growth, designed to help companies create effective strategies to make the most of the global market.
Companies leading the global cellular modem market include:
- Belkin
- D-Link Corporation
- Digi International Inc.
- InHand Networks
- Moxa Inc.
- Qualcomm Technologies, Inc.
Market Dynamics
In order to make informed business decisions and strategies, it’s important to be informed of the many factors impacting the market. What is driving growth in the market and how does that influence new product releases? What challenges are increasing risk for a specific course of action or in a specific market? What will the key trends be over the next several years and what is the best way to take advantage of them? The answers to these questions help companies to evaluate business approaches and develop growth strategies.
Advancements in wireless technologies such as LTE, Narrowband IoT (NB-IoT), and Cat-M are expanding the capabilities of cellular modems, enabling seamless connectivity for a wide range of applications. Standardization efforts and technology integration initiatives are addressing interoperability issues, ensuring compatibility with existing and emerging networks.
Smart city projects, particularly in rural areas, are driving the adoption of cellular modems for applications such as smart metering and environmental monitoring. Online education and telemedicine are also driving demand for reliable connectivity in remote areas where wired broadband connections are limited.
The transition to 5G cellular modems promises to revolutionize industries such as healthcare, agriculture, and emergency response systems. With data speeds of up to 5Gbps and support for mmWave bands, 5G cellular modems enable high-speed connectivity for IoT-enabled medical equipment, connected cars, and industrial applications.
Technological advancements in semiconductor technology are leading to the development of energy-efficient and compact modems that are ideal for mobile broadband services and IoT deployments. MediaTek's M80 5G Modem, for example, supports 5G sub-6GHz and mmWave bands, offering high-speed connectivity for automotive applications and telematics.
The cellular modem market is also benefiting from the digital transformation trend, with the proliferation of IoT devices and the increasing adoption of Category M (Cat-M) modems for low-power IoT applications. Healthcare providers are leveraging cellular modems for virtual consultations, wearable health trackers, and IoT-enabled medical equipment such as glucose monitors and blood pressure monitors.
Faq
What are the key applications of cellular modems?
Cellular modems are used in various applications including mobile computing (laptops and tablets), industrial automation, smart meters, remote monitoring and control systems (IoT devices), digital signage, point-of-sale (POS) systems, and backup internet connections for businesses and homes.
What factors drive the growth of the Cellular Modem Market?
Growth drivers include the increasing adoption of IoT devices across industries, advancements in cellular network technologies (such as 5G), rising demand for mobile broadband connectivity, expansion of smart city initiatives, and the need for reliable and secure communication solutions.
What are the challenges facing the Cellular Modem Market?
Challenges include managing the complexity of integrating cellular modems into diverse IoT applications, ensuring compatibility with different cellular networks and frequency bands globally, addressing security concerns related to data transmission over cellular networks, and managing power consumption for battery-operated devices.
What are the emerging trends in the Cellular Modem Market?
Emerging trends include the integration of AI (Artificial Intelligence) and machine learning into cellular modems for predictive maintenance and optimization, the development of modular and customizable modem solutions to meet specific IoT application requirements, and the evolution towards 5G-enabled cellular modems for enhanced speed and connectivity.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on North America: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
4 Historic Market Size
- 4.1 Dietary supplements market in North America 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on dietary supplements market in north America 2018 - 2022 ($ billion)
- 4.2 Distribution Channel Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)
- 4.3 Product Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 28: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Distribution Channel
- 6.1 Market segments
- Exhibit 29: Chart on Distribution Channel - Market share 2023-2028 (%)
- Exhibit 30: Data Table on Distribution Channel - Market share 2023-2028 (%)
- 6.2 Comparison by Distribution Channel
- Exhibit 31: Chart on Comparison by Distribution Channel
- Exhibit 32: Data Table on Comparison by Distribution Channel
- 6.3 Offline - Market size and forecast 2023-2028
- Exhibit 33: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
- Exhibit 34: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Chart on Offline - Year-over-year growth 2023-2028 (%)
- Exhibit 36: Data Table on Offline - Year-over-year growth 2023-2028 (%)
- 6.4 Online - Market size and forecast 2023-2028
- Exhibit 37: Chart on Online - Market size and forecast 2023-2028 ($ billion)
- Exhibit 38: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Chart on Online - Year-over-year growth 2023-2028 (%)
- Exhibit 40: Data Table on Online - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Distribution Channel
- Exhibit 41: Market opportunity by Distribution Channel ($ billion)
- Exhibit 42: Data Table on Market opportunity by Distribution Channel ($ billion)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 43: Chart on Product - Market share 2023-2028 (%)
- Exhibit 44: Data Table on Product - Market share 2023-2028 (%)
- 7.2 Comparison by Product
- Exhibit 45: Chart on Comparison by Product
- Exhibit 46: Data Table on Comparison by Product
- 7.7 Others - Market size and forecast 2023-2028
- Exhibit 63: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 64: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 65: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.8 Market opportunity by Product
- Exhibit 67: Market opportunity by Product ($ billion)
- Exhibit 68: Data Table on Market opportunity by Product ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 70: Chart on Market share by geography - 2023-2028 (%)
- Exhibit 71: Data Table on Market share by geography - 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 72: Chart on Geographic comparison
- Exhibit 73: Data Table on Geographic comparison
- 9.6 Market opportunity by geography
- Exhibit 74: Market opportunity by geography ($ billion)
- Exhibit 75: Data Table on Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 76: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 77: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 78: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 79: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 80: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 81: Matrix on vendor position and classification
- 13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 82: Inclusions checklist
- Exhibit 83: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 84: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 85: Research methodology
- Exhibit 86: Validation techniques employed for market sizing
- Exhibit 87: Information sources
- 13.5 List of abbreviations
- Exhibit 88: List of abbreviations