A modem is a network device that modulates and demodulates analogue carrier signals (also known as sine waves) to encode and decode digital data for processing. Modems perform both of these tasks at the same time, which is why the term modem is a combination of "modulate" and "demodulate." The most common application for modems is to send and receive digital data between personal computers. This data was previously transmitted over telephone lines using V.92, the final dial-up standard, to an analogue modem, which converted the signal back to a digital format that a computer could read.
The global wave modems market is segmented on the basis of download speed, mode, application and region. Based on download speed, the market is divided into Up to 5 Gbps, up to 6 Gbps, more than 6 Gbps. In terms of mode, the market is categorized into single-mode and multi-mode. On the basis of single-mode, the market is divided into non-standalone and standalone. On the basis of application, the market is divided into healthcare, IT, telecommunication, automotive, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
COVID-19 Impact Analysis
The current COVID-19 pandemic has a negative impact on the wave modem market, with manufacturing activities being temporarily halted across major manufacturing hubs, resulting in a significant production slowdown. People are becoming significantly more isolated as a result of increased restrictions on public meetings and travel. Due to supply chain delays, stock market instability, halting of airlines, business dealing in the InfiniBand business are also feeling the effects of the COVID-19 epidemic.
It has directly impacted production and demand of wave modem causing supply chain and market disruption. As airports are shut down due to lockdown restrictions, the use of wave modem is halted, negatively impacting the wave modem market. Also, as government of different provinces have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall Wave Modems market opportunity globally.
Top Impacting Factors
The wave modem market is expected to be dominated by telecommunications equipment. The increased use of millimeter wave components for 5G backhaul is driving the rapid growth of telecommunications equipment. In addition, millimeter wave components are widely used in both indoor and outdoor telecommunications equipment, including small-cell and macro-cell equipment. Attributed to their widespread use in airports, shopping malls, and other public places for people screening, scanner systems are expected to account for a sizable share of the market.
Due to its use in military and defense applications, the market for radar and satellite communication systems is expected to grow at a rapid pace. While millimeter waves have significant advantages over other radio frequencies, they also have some drawbacks. Millimeter waves, for example, are incapable of bouncing off physical objects. Obstacles such as tree branches and walls can interfere with and absorb the signal, causing it to stop.
Millimeter waves are also more expensive than other commonly used frequencies. This makes the technology almost inaccessible to smaller businesses that lack the necessary funds. Currently, mobile network providers are concentrating their efforts on developing millimeter wave-friendly 5G infrastructure. This includes establishing micro base stations in open space using millimeter wave technology and redesigning the structure of devices that will operate on the 5G network.
New Product Launches to Flourish the Market
In Feb 2021, The M80, MediaTek's first millimeter-wave (mmWave) 5G modem, will be used in phones later this year. The M80 will be the first chip to compete with Qualcomm's Snapdragon 5G modems in the U.S. phones, potentially expanding the use of AT&T and T-fast Mobile's mmWave systems. According to Counterpoint Research, MediaTek is now the world's leading manufacturer of mobile chipsets. However, its market share is primarily concentrated in lower-end phones and is primarily concentrated outside of the United States. The new 5G modem will help MediaTek gain traction with the U.S. carriers.
Surge in Usage in Broadband and Mobile Speeds
Broadband bandwidth is an important enabler of IP traffic. Broadband speed increases lead to increased consumption of high-bandwidth content and application use. the global average broadband speed is expected to more than double, from 62.5 Mbps to >130 Mbps. The deployment and adoption of fiber-to-the-home (FTTH), high-speed DSL, and cable broadband adoption as well as overall broadband penetration all have an impact on the fixed broadband speed forecast.
Japan, South Korea, and Sweden lead in terms of broadband speed, owing to the widespread deployment of FTTH. 5G technology standards are still in the early stages of development. However, 5G has been deployed in some developed countries, including pre-standard 5G technologies that use millimeter wave spectrum for low-latency, high-capacity fixed wireless broadband networks. Millimeter wave frequencies allow for the use of very narrow beamwidth antennas, allowing generated power to be precisely directed to where it is needed while maintaining high-speed capacity. Millimeter waves' unique properties enable near-line-of-sight wireless networks and point-to-multipoint technology, allowing a single transmitter to serve multiple transceivers in different locations.
Key Benefits of the Report
- This study presents the analytical depiction of the wave modems market size along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the wave modems market share.
- The current market is quantitatively analyzed to highlight wave modems market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the Wave Modems industry.
- The report provides a detailed wave modems market analysis based on competitive intensity and how the competition will take shape in coming years
- The current Wave Modems market forecast is quantitatively analyzed to benchmark the financial competency.
Questions Answered in the Wave Modems Market Research Report
- What are the leading market players active in the wave modems market trends?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future would help in taking further strategic steps?
- Upcoming report specific FAQs examples:
- What are wave modems?
- What does wave modems allow organizations to achieve?
- Which technologies combine to make wave modems a critical organizational asset?
- What are the key benefits of the wave modems market report?
- Which niches should companies associated with recent improvements establish a presence in?
- Upcoming report specific FAQs examples:
Wave Modems Market Report Highlights
By Download Speed
Key Market Players
Samsung Group, Intel Corporation, Huawei Technologies Co., Ltd, MediaTek Inc., Spreadtrum Communications (Unisoc), Qualcomm Incorporated