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Cellular Modem Market Outlook- 2030
Cellular modems are the types of modems that are used to modulate analogue signal, such as phone signals, and send them via cellular networks. With smart phones and other similar devices, the modulated signal is used for phone or data transmission. A cellular modem connects to the internet network via either a Subscriber Identity Module (SIM) card or, in many cases, an ethernet connection. These devices can be installed on the walls or within the building, or they can be connected directly to laptops or PCs. A common 4G wireless modem may deliver speeds of up to 5 and 12 megabits per second. Any modem can be used to connect to one or more devices. The majority of homes are being turned into smart homes, which rely on the internet for a variety of tasks. The introduction of smart TVs and smart speakers such as Amazon Echo and Google Home enhanced the cellular modem market.
The global cellular modem market is segmented on the basis of type, network type, form type, application, industry vertical, and region. Based on type, the market is divided into built-in cell phones, portable cellular cards, and cellular routers. In terms of network type, the market is categorized into GSM, GPRS, 3G, 4G, CDMA, and others. On the basis of form type, the market is divided into internal/embedded and external. On the basis of application, the market is divided into commercial, industrial, and others. In terms of industry vertical, the market is divided into manufacturing, transportation, retail, energy, and utility industry. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global cellular modem industry include Digi International Inc, Intercel Pty Ltd, InHand Networks, Jinan USR IOT Technology Limited, Red Lion Controls Inc., Moxa Inc., Robustel, Wlink Technology, CalAmp, Campbell Scientific Inc. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global cellular modem market.
COVID-19 Impact Analysis
COVID-19 has resulted in a worldwide health concern. Lockdowns, quarantines, border closures, and the halted economic activity were all enacted as a result of the rapid surge in spread of the virus. This resulted in supply chain interruptions, which harmed the supply of raw materials to several countries. Lockdowns, quarantine procedures, border closures, and other restrictions have caused several inconveniences.
The electronics and semiconductor manufacturing industries have been harmed by disruptions in raw material supply, temporary shutdown of manufacturing units, inadequate finance, and weak consumer demand. Thus, this has resulted in weak demand for cellular modem market share. The COVID-19 pandemic has altered our society in nearly every way, including education. One of the most significant advantages of online education is the ease with which students may access their learning platforms whenever they need it, for which availability of Wi-fi is required.
Top Impacting Factors
The growth in demand for OTT services such as video-on-demand, digital TV, digital radio, and live-event broadcast, has a significant impact on the capacity required to deliver popular content, resulting in new business opportunities for the cellular modem market. Despite the fact that network speeds have improved, mobile internet connections usually provide slower data rates than other kinds of broadband internet, often falling below 1 Mbps which can be a restraining factor in the cellular modem market.
New Product Launches to Flourish the Market
Qualcomm, an American manufacturer of semiconductors and software, launched its third-generation X60 5G modem on February 2021, which generates less heat and helps improve electricity efficiency. Also, on December 2020, Apple Inc. announced that it has begun developing its own cellular modem for future iPhones, which is expected to provide lucrative cellular modem market opportunity.
Netgear Inc., a multinational computer networking company based in California, announced the Orbi 4G LTE Tri-band Wi-Fi router at CES 2020 in Las Vegas on Jan 2020, which not only delivers connection via the tri-band AC2200 mesh Wi-Fi system, but also via 4G LTE. It has a SIM card slot that works with all major 4G LTE service providers, ensuring continual access even in regions where wired broadband is unavailable.
Surge in Usage in Industrial Sectors and Transportation Sector
Cellular modems in industrial sectors are used to enable secure connection and communication over a cellular network and have a ruggedized casing and internal components made to withstand extreme temperatures, damp, and dirt. Digi international Inc., a global provider of Iot (Internet of Things) wireless devices, provides various cellular modems such as Digi IX14 4G LTE Router, Digi WR31.
All outside applications, including genuine industrial applications like mining, oil and gas, and agriculture, as well as digital signs and smart city applications like street lighting, meters, and waste water management, rely on industrial routers for communication. Likewise in transportation sector, cellular routers are installed in buses, trains, trucks, and other automobiles to offer a data connection for an increasing number of transit-related applications, such as fare collecting, passenger counts, telematics, digital signage, GPS, and consumer Wi-Fi.
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Questions Answered in the Cellular Modem Market Research Report
Key Market Segments
Key Market Players