SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Satellite Modem - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 9; Released: April 2021 Executive Pool: 466 Companies: 46 - Players covered include Advantech Wireless Technologies Inc.; Amplus Communication Pte Ltd.; Ayecka Communication Systems, Ltd.; Comtech EF Data Corporation; Datum Systems, Inc.; Gilat Satellite Networks Ltd.; Hughes Network Systems LLC; Newtec Cy NV; Novelsat; ORBCOMM, Inc.; ViaSat, Inc.; Work Microwave GmbH and Others. Coverage: All major geographies and key segments Segments: Application (Mobile & Backhaul, IP Trunking, Offshore Communication, Tracking & Monitoring, Other Applications); Channel Type (SCPC, MCPC) Geographies: World; United States; Canada; Japan; China; Europe ( France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Satellite Modem Market to Reach $427 Million by 2026Amid the COVID-19 crisis, the global market for Satellite Modem estimated at US$323.3 Million in the year 2020, is projected to reach a revised size of US$427 Million by 2026, growing at a CAGR of 4.6% over the analysis period. SCPC, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$189.3 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the MCPC segment is readjusted to a revised 4.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $101.3 Million in 2021, While China is Forecast to Reach $75.7 Million by 2026The Satellite Modem market in the U.S. is estimated at US$101.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$75.7 Million by the year 2026 trailing a CAGR of 4.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 3.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR. More
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