Cellular Modem Market by Type (Embedded Cellular Modem, and Box Portable Cellular Modem), Technology (2G,3G,4G,5G, NB-IoT, and LTE-M), Vertical (Agriculture, Automotive & Transportation, Smart Cities, and Healthcare), Region - Global Forecast to 2028
The cellular modem market is valued at USD 4.8 billion in 2023 and is anticipated to be USD 12.4 billion by 2028, growing at a CAGR of 20.6% from 2023 to 2028. Factors such as Strong preference for e-learning and online education, and Rapid evolution and adoption of advanced wireless technologies are likely to drive market growth during the forecast period. Cellular modems enhance the interactivity of online education. They enable real-time engagement between students and teachers through virtual classrooms, facilitating live discussions, collaborative projects, and interactive learning sessions.
High demand for smart home devices
The surge in smart home device adoption marks a significant shift in how people interact with their living spaces. Smart thermostats, security cameras, and voice assistants have become integral parts of modern homes, offering convenience, security, and energy efficiency. However, the effectiveness of these devices heavily relies on seamless connectivity. Cellular modems play a pivotal role in this context by ensuring constant and reliable internet access for smart home gadgets. Unlike traditional wired connections, cellular modems allow homeowners to control and monitor their smart devices remotely, regardless of their location. This level of accessibility empowers users to adjust their home environment, monitor security cameras, and manage energy usage, all through intuitive smartphone apps. As more consumers recognize the benefits of smart home technology, the demand for cellular modems tailored to these applications continues to rise, ensuring that the connected living experience remains uninterrupted and effortless.
Furthermore, smart home devices' efficiency and ease of use have created a snowball effect, driving further adoption. With the rise of remote work and the growing emphasis on energy conservation, consumers increasingly seek interconnected solutions that enhance their quality of life. Smart thermostats, for instance, allow precise control over heating and cooling systems, optimizing energy usage and reducing utility bills. Security cameras equipped with cellular connectivity offer real-time monitoring, enhancing home security and providing peace of mind to homeowners. Voice assistants, powered by robust internet connections, facilitate seamless integration with other smart devices, enabling voice-controlled automation and making everyday tasks more convenient. As these devices become indispensable in modern households, the demand for reliable and efficient cellular modems grows, ensuring that smart homes function seamlessly, delivering on the promise of a connected, intelligent living environment.
Indispensable need for edge computing in IoT
The emergence of edge computing signifies a paradigm shift in how data is processed and analyzed. Unlike traditional cloud-based processing, where data is sent to centralized servers for analysis, edge computing processes data closer to the source, often right where it is generated. This approach reduces latency significantly, as data does not have to travel back and forth to distant data centers. Instead, it is processed locally, enabling real-time decision-making. This real-time capability is crucial in various industries. For instance, edge computing powered by cellular modems allows machines on the factory floor to analyze data instantaneously in manufacturing. This means manufacturing equipment can identify and rectify issues on the spot, enhancing production efficiency and minimizing downtime. Similarly, wearable devices and medical equipment in healthcare can process patient data at the edge, ensuring timely and accurate responses. By leveraging cellular modems, these devices can transmit this critical information swiftly and reliably, allowing healthcare professionals to make informed decisions promptly.
Moreover, the adoption of edge computing reshapes how businesses handle massive volumes of data generated by IoT devices. These devices, ranging from smart building sensors to industrial plant machinery, generate continuous data streams. By utilizing cellular modems to connect these devices in an edge computing setup, businesses can analyze this data locally, extract actionable insights, and transmit only relevant information to central databases. This not only conserves bandwidth but also optimizes data processing resources. The efficiency gained by processing data at the edge, coupled with the reliable connectivity provided by cellular modems, empowers industries to harness the full potential of IoT applications, ensuring enhanced operational efficiency and improved decision-making capabilities.
“Asia Pacific is the fastest-growing region in the cellular modem market.”
The Asia Pacific cellular modem market is expected to witness highest CAGR during the forecast The Asia Pacific region is a dynamic and rapidly growing market for cellular modems. Several factors drive this growth, including the increasing adoption of connected devices and applications, the expansion of mobile networks, and the growing demand for reliable and secure connectivity in various industries. China is the leader in IoT connection, with over 70% of global mobile IoT connections. The country has established NB-IoT, 4G, and 5G networks and continues to improve network coverage capabilities. By the end of September 2022, China had 1.75 billion mobile IoT connections, supported by a robust network infrastructure of 755,000 NB-IoT base stations, 5.937 million 4G base stations, and more than 2.3 million 5G base stations. The increasing adoption NB-IoT, 4G, and 5G networks drives the growth of the cellular modem market.
The breakup of primaries conducted during the study is depicted below:
The report segments the cellular modem market and forecasts its size, by value and volume, based on region (North America, Europe, Asia Pacific, and RoW), Type (Embedded Cellular Modem and Box Portable Cellular Modem), Technology (2G, 3G, 4G, LTE-M, NB-IoT, and 5G), and Vertical (Agriculture, automotive & transportation, building automation, consumer electronics, energy & utility, healthcare, industrial/manufacturing, retail, smart cities, and others). The report also comprehensively reviews market drivers, restraints, opportunities, and challenges in the cellular modem market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reason to Buy Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall cellular modem market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
High demand for smart home devices
The surge in smart home device adoption marks a significant shift in how people interact with their living spaces. Smart thermostats, security cameras, and voice assistants have become integral parts of modern homes, offering convenience, security, and energy efficiency. However, the effectiveness of these devices heavily relies on seamless connectivity. Cellular modems play a pivotal role in this context by ensuring constant and reliable internet access for smart home gadgets. Unlike traditional wired connections, cellular modems allow homeowners to control and monitor their smart devices remotely, regardless of their location. This level of accessibility empowers users to adjust their home environment, monitor security cameras, and manage energy usage, all through intuitive smartphone apps. As more consumers recognize the benefits of smart home technology, the demand for cellular modems tailored to these applications continues to rise, ensuring that the connected living experience remains uninterrupted and effortless.
Furthermore, smart home devices' efficiency and ease of use have created a snowball effect, driving further adoption. With the rise of remote work and the growing emphasis on energy conservation, consumers increasingly seek interconnected solutions that enhance their quality of life. Smart thermostats, for instance, allow precise control over heating and cooling systems, optimizing energy usage and reducing utility bills. Security cameras equipped with cellular connectivity offer real-time monitoring, enhancing home security and providing peace of mind to homeowners. Voice assistants, powered by robust internet connections, facilitate seamless integration with other smart devices, enabling voice-controlled automation and making everyday tasks more convenient. As these devices become indispensable in modern households, the demand for reliable and efficient cellular modems grows, ensuring that smart homes function seamlessly, delivering on the promise of a connected, intelligent living environment.
Indispensable need for edge computing in IoT
The emergence of edge computing signifies a paradigm shift in how data is processed and analyzed. Unlike traditional cloud-based processing, where data is sent to centralized servers for analysis, edge computing processes data closer to the source, often right where it is generated. This approach reduces latency significantly, as data does not have to travel back and forth to distant data centers. Instead, it is processed locally, enabling real-time decision-making. This real-time capability is crucial in various industries. For instance, edge computing powered by cellular modems allows machines on the factory floor to analyze data instantaneously in manufacturing. This means manufacturing equipment can identify and rectify issues on the spot, enhancing production efficiency and minimizing downtime. Similarly, wearable devices and medical equipment in healthcare can process patient data at the edge, ensuring timely and accurate responses. By leveraging cellular modems, these devices can transmit this critical information swiftly and reliably, allowing healthcare professionals to make informed decisions promptly.
Moreover, the adoption of edge computing reshapes how businesses handle massive volumes of data generated by IoT devices. These devices, ranging from smart building sensors to industrial plant machinery, generate continuous data streams. By utilizing cellular modems to connect these devices in an edge computing setup, businesses can analyze this data locally, extract actionable insights, and transmit only relevant information to central databases. This not only conserves bandwidth but also optimizes data processing resources. The efficiency gained by processing data at the edge, coupled with the reliable connectivity provided by cellular modems, empowers industries to harness the full potential of IoT applications, ensuring enhanced operational efficiency and improved decision-making capabilities.
“Asia Pacific is the fastest-growing region in the cellular modem market.”
The Asia Pacific cellular modem market is expected to witness highest CAGR during the forecast The Asia Pacific region is a dynamic and rapidly growing market for cellular modems. Several factors drive this growth, including the increasing adoption of connected devices and applications, the expansion of mobile networks, and the growing demand for reliable and secure connectivity in various industries. China is the leader in IoT connection, with over 70% of global mobile IoT connections. The country has established NB-IoT, 4G, and 5G networks and continues to improve network coverage capabilities. By the end of September 2022, China had 1.75 billion mobile IoT connections, supported by a robust network infrastructure of 755,000 NB-IoT base stations, 5.937 million 4G base stations, and more than 2.3 million 5G base stations. The increasing adoption NB-IoT, 4G, and 5G networks drives the growth of the cellular modem market.
The breakup of primaries conducted during the study is depicted below:
- By Company Type: Tier 1 – 40 %, Tier 2 – 35%, and Tier 3 –25%
- By Designation: C-Level Executives – 40%, Directors – 35%, and Others – 25%
- By Region: North America– 30%, Europe – 20%, Asia Pacific – 45%, Rest of world– 5%
The report segments the cellular modem market and forecasts its size, by value and volume, based on region (North America, Europe, Asia Pacific, and RoW), Type (Embedded Cellular Modem and Box Portable Cellular Modem), Technology (2G, 3G, 4G, LTE-M, NB-IoT, and 5G), and Vertical (Agriculture, automotive & transportation, building automation, consumer electronics, energy & utility, healthcare, industrial/manufacturing, retail, smart cities, and others). The report also comprehensively reviews market drivers, restraints, opportunities, and challenges in the cellular modem market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reason to Buy Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall cellular modem market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Strong preference for e-learning and online education, and Increased need for advanced connectivity solutions in Industry 4.0 era), restraints (Interoperability issues within cellular networks, and Security and privacy concerns in data-driven environment), opportunities (Growing trend of digital payments in FinTech sector, and Increasing adoption of telemedicine and remote healthcare services), and challenges (Hampered performance in adverse weather conditions, and Limited coverage of cellular networks in remote or rural areas)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the cellular modem market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the cellular modem market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the cellular modem market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Digi International Inc. (US), Sierra Wireless (Canada), Qualcomm Technologies, Inc. (US), and D-Link Corporation. (Taiwan); and Huawei Device Co., Ltd. (China), among others in the cellular modem market
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 CELLULAR MODEM MARKET: SEGMENTATION
1.3.2 YEARS CONSIDERED
1.3.3 REGIONAL SCOPE
1.4 CURRENCY CONSIDERED
TABLE 1 CURRENCY CONVERSION RATES
1.5 UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 2 CELLULAR MODEM MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 List of key interview participants
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUES GENERATED BY COMPANIES FROM SALES OF CELLULAR MODEMS
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP (DEMAND SIDE): DEMAND FOR CELLULAR MODEMS
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to derive market size using bottom-up analysis
FIGURE 6 CELLULAR MODEM MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to derive market size using top-down analysis
FIGURE 7 CELLULAR MODEM MARKET: TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON STUDIED MARKET
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 9 EMBEDDED CELLULAR MODEMS TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
FIGURE 10 4G TECHNOLOGY TO SECURE LARGEST MARKET SHARE IN 2023
FIGURE 11 HEALTHCARE VERTICAL TO EXHIBIT HIGHEST CAGR FROM 2023 TO 2028
FIGURE 12 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN CELLULAR MODEM MARKET
FIGURE 13 ADVANCEMENTS IN WIRELESS TECHNOLOGIES TO FUEL GROWTH OF CELLULAR MODEM MARKET FROM 2023 TO 2028
4.2 CELLULAR MODEM MARKET, BY TECHNOLOGY
FIGURE 14 5G TECHNOLOGY TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
4.3 CELLULAR MODEM MARKET IN ASIA PACIFIC, BY TECHNOLOGY AND COUNTRY
FIGURE 15 4G AND CHINA TO HOLD LARGEST SHARES OF CELLULAR MODEM MARKET IN 2023
4.4 CELLULAR MODEM MARKET, BY COUNTRY
FIGURE 16 CELLULAR MODEM MARKET IN INDIA TO GROW AT HIGHEST CAGR FROM 2023 TO 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 CELLULAR MODEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rapid evolution and adoption of advanced wireless technologies
FIGURE 18 GLOBAL M2M CONNECTIONS, 2019–2023
5.2.1.2 High demand for smart home devices
5.2.1.3 Increased need for advanced connectivity solutions in Industry 4.0 era
5.2.1.4 Indispensable need for edge computing in IoT
5.2.1.5 Strong preference for e-learning and online education
FIGURE 19 CELLULAR MODEM MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 Interoperability issues within cellular networks
5.2.2.2 Security and privacy concerns in data-driven environment
FIGURE 20 CELLULAR MODEM MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Growing trend of digital payments in FinTech sector
5.2.3.2 Government initiatives for digital transformation
5.2.3.3 Increasing adoption of telemedicine and remote healthcare services
5.2.3.4 Integration of cellular technology in fleet management systems
FIGURE 21 CELLULAR MODEM MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Hampered performance in adverse weather conditions
5.2.4.2 Limited coverage of cellular networks in remote or rural areas
FIGURE 22 CELLULAR MODEM MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 23 VALUE CHAIN ANALYSIS: MANUFACTURERS TO CONTRIBUTE MOST TO PRODUCT COST
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 24 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.5 ECOSYSTEM ANALYSIS
FIGURE 25 ECOSYSTEM ANALYSIS
TABLE 2 COMPANIES AND THEIR ROLES IN CELLULAR MODEM ECOSYSTEM
5.6 PORTER’S FIVE FORCES ANALYSIS
TABLE 3 CELLULAR MODEM MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 26 CELLULAR MODEM MARKET: PORTER’S FIVE FORCES ANALYSIS
5.6.1 THREAT OF NEW ENTRANTS
5.6.2 THREAT OF SUBSTITUTES
5.6.3 BARGAINING POWER OF SUPPLIERS
5.6.4 BARGAINING POWER OF BUYERS
5.6.5 INTENSITY OF COMPETITIVE RIVALRY
5.7 CASE STUDY ANALYSIS
TABLE 4 LANTRONIX PROVIDES E210 ROUTERS TO ARGUS SECURE TECHNOLOGIES FOR SECURE DATA TRANSMISSION
TABLE 5 DEGIV HEALTH TERMINALS STRENGTHENS PATIENT PRIVACY WITH DIGI IX20 4G LTE ROUTER
TABLE 6 SIERRA WIRELESS AIRLINK GX450 GATEWAY ENABLES FARM FROM A BOX TO DEVELOP SUSTAINABLE AND REMOTE MONITORING SOLUTIONS
TABLE 7 SIERRA WIRELESS SIMPLIFIES CLEANROBOTICS’ TRASHBOT DEPLOYMENT THROUGH PLUG-AND-PLAY MODEL
TABLE 8 SIERRA WIRELESS SOLUTION ASSISTS QSH TO DEPLOY 15,000 SMART LOCKERS GLOBALLY
5.8 TECHNOLOGY ANALYSIS
5.8.1 MASSIVE MIMO
5.8.2 BEAMFORMING
5.8.3 CARRIER AGGREGATION
5.8.4 LICENSE ASSISTED ACCESS (LAA)
5.9 PRICING ANALYSIS
TABLE 9 AVERAGE SELLING PRICE (ASP) TREND OF CELLULAR MODEMS, BY TYPE, 2019–2022 (USD)
TABLE 10 AVERAGE SELLING PRICE (ASP) TREND OF CELLULAR MODEMS, BY TYPE, 2023–2028 (USD)
5.9.1 AVERAGE SELLING PRICE (ASP) TREND OF CELLULAR MODEMS, BY REGION
FIGURE 27 AVERAGE SELLING PRICE (ASP) TREND OF EMBEDDED CELLULAR MODEMS, BY REGION, 2019–2028 (USD)
FIGURE 28 AVERAGE SELLING PRICE (ASP) TREND OF BOX PORTABLE CELLULAR MODEMS, BY REGION, 2019–2028 (USD)
5.9.2 AVERAGE SELLING PRICE (ASP) TREND OF CELLULAR MODEMS OFFERED BY TOP SIX PLAYERS
FIGURE 29 AVERAGE SELLING PRICE TREND OF CELLULAR MODEMS OFFERED BY TOP SIX PLAYERS
5.10 TRADE ANALYSIS
5.10.1 IMPORT SCENARIO
FIGURE 30 IMPORT DATA FOR HS CODE 8517-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD BILLION)
5.10.2 EXPORT SCENARIO
FIGURE 31 EXPORT DATA FOR HS CODE 8517-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD BILLION)
5.11 PATENT ANALYSIS, 2019–2023
TABLE 11 CELLULAR MODEM MARKET: LIST OF PATENTS, 2019–2023
FIGURE 32 CELLULAR MODEM MARKET: PATENTS GRANTED, 2012–2023
TABLE 12 TOP 20 PATENT OWNERS, 2013–2023
FIGURE 33 CELLULAR MODEM MARKET: TOP 10 PATENT HOLDERS IN CELLULAR MODEM MARKET, 2013–2023
5.12 TARIFF ANALYSIS
5.12.1 TARIFFS
TABLE 13 MFN TARIFF FOR HS CODE 8517-COMPLIANT PRODUCTS EXPORTED BY US
TABLE 14 MFN TARIFF FOR HS CODE 8517-COMPLIANT PRODUCTS EXPORTED BY CHINA
5.13 REGULATORY LANDSCAPE AND STANDARDS
5.13.1 REGULATIONS
5.13.2 STANDARDS
5.13.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14 KEY CONFERENCES AND EVENTS, 2024
TABLE 19 CELLULAR MODEM MARKET: LIST OF CONFERENCES AND EVENTS, 2024
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 34 KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE VERTICALS
TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
5.15.2 BUYING CRITERIA
FIGURE 35 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
TABLE 21 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
6 CELLULAR MODEM MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 36 CELLULAR MODEM MARKET, BY TYPE
FIGURE 37 EMBEDDED CELLULAR MODEMS TO DISPLAY HIGHER CAGR DURING FORECAST PERIOD
TABLE 22 CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 23 CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 24 CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (MILLION UNITS)
TABLE 25 CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (MILLION UNITS)
6.2 EMBEDDED CELLULAR MODEMS
6.2.1 INCREASING INTEGRATION OF CELLULAR CONNECTIVITY IN IOT AND SMART APPLIANCES TO BOOST DEMAND
TABLE 26 USE CASE: AIA'S REMOTE MONITORING SOLUTION ENABLES EFFICIENT AUTOMATION IN OIL AND & INDUSTRY
FIGURE 38 NORTH AMERICA TO DISPLAY HIGHEST CAGR IN EMBEDDED CELLULAR MODEM MARKET DURING FORECAST PERIOD
TABLE 27 EMBEDDED CELLULAR MODEMS: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 28 EMBEDDED CELLULAR MODEMS: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
6.3 BOX PORTABLE CELLULAR MODEMS
6.3.1 INCREASING ADOPTION OF REMOTE WORK AND E-LEARNING PLATFORMS TO ACCELERATE DEMAND
TABLE 29 USE CASE: DIGI INTERNATIONAL PARTNERS WITH AT&T TO CENTRALIZE DEVICE MANAGEMENT AND SUPPORT CONNECTED VEHICLES
FIGURE 39 NORTH AMERICA TO HOLD SIGNIFICANT MARKET SHARE OF BOX PORTABLE CELLULAR MODEM MARKET THROUGHOUT FORECAST PERIOD
TABLE 30 BOX PORTABLE CELLULAR MODEMS: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 31 BOX PORTABLE CELLULAR MODEMS: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
7 CELLULAR MODEM MARKET, BY TECHNOLOGY
7.1 INTRODUCTION
FIGURE 40 CELLULAR MODEM MARKET, BY TECHNOLOGY
FIGURE 41 5G CELLULAR MODEMS TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD
TABLE 32 CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 33 CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
7.2 2G
7.2.1 APPLICATIONS DEMANDING LESS DATA TRANSFERS TO DRIVE DEMAND
TABLE 34 USE CASE: M.O. POWER TRANSMISSION ENHANCES ENERGY SUBSTATION AUTOMATION WITH 2G/3G MODEMS
FIGURE 42 ASIA PACIFIC TO HOLD LARGEST MARKET SHARE FROM 2023 TO 2028
TABLE 35 2G: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 36 2G: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
7.3 3G
7.3.1 SHIFT TOWARD DATA-CENTRIC SERVICES TO BOOST DEMAND
TABLE 37 USE CASE: RUBIN IMPLEMENTS ROBUSTEL’S M1000 XP MODEM TO ENHANCE MAINTENANCE CAPABILITIES
FIGURE 43 ASIA PACIFIC TO COMMAND MARKET SHARE DURING FORECAST PERIOD
TABLE 38 3G: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 39 3G: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
7.4 4G
7.4.1 ENHANCED BANDWIDTH AND SUPERIOR SERVICE QUALITY TO DRIVE MARKET
TABLE 40 USE CASE: DIGI INTERNATIONAL INC. ASSISTS METRO COMPACTOR SERVICE INC. MANAGE WASTE EFFICIENTLY
FIGURE 44 ASIA PACIFIC TO SECURE LARGEST MARKET SHARE FROM 2023 TO 2028
TABLE 41 4G: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 42 4G: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
7.5 5G
7.5.1 UNPARALLELED DATA TRANSMISSION SPEED AND LOW LATENCY FEATURES TO ACCELERATE ADOPTION OF 5G MODEMS
TABLE 43 USE CASE: TRIMET IMPROVES FLEET MANAGEMENT WITH DIGI TX64 TRANSPORTATION ROUTER
FIGURE 45 ASIA PACIFIC TO LEAD MARKET THROUGHOUT FORECAST PERIOD
TABLE 44 5G: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 45 5G: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
7.6 LPWAN
7.6.1 LTE-M
7.6.1.1 Pressing need for reliable and secure data transmission over cellular networks to drive market
TABLE 46 USE CASE: INFINITUM ELECTRIC ENHANCES HVAC APPLICATIONS WITH DIGI XBEE 3 SMART CELLULAR MODEMS
FIGURE 46 NORTH AMERICA TO CAPTURE LARGEST MARKET SHARE IN 2023
TABLE 47 LTE-M: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 48 LTE-M: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
7.6.2 NB-IOT
7.6.2.1 Smart meters and environmental sensors to generate significant demand
TABLE 49 USE CASE: PUPPTECH DEVELOPS PORTABLE AND CONNECTED ENVIRONMENTAL MONITORING SOLUTIONS FOR DOGS WITH DIGI XBEE 3 CELLULAR LTE-M/NB-IOT MODEM
FIGURE 47 ASIA PACIFIC TO SECURE LARGEST MARKET SHARE FROM 2023 TO 2028
TABLE 50 NB-IOT: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 51 NB-IOT: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8 CELLULAR MODEM MARKET, BY VERTICAL
8.1 INTRODUCTION
FIGURE 48 CELLULAR MODEM MARKET, BY VERTICAL
TABLE 52 CELLULAR MODEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 53 CELLULAR MODEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
FIGURE 49 ENERGY & UTILITIES VERTICAL TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD
8.2 AGRICULTURE
8.2.1 GROWING ADOPTION OF SMART AGRICULTURE EQUIPMENT TO CREATE OPPORTUNITIES FOR PLAYERS
FIGURE 50 ASIA PACIFIC TO DOMINATE CELLULAR MODEM MARKET FOR AGRICULTURE APPLICATIONS THROUGHOUT FORECAST PERIOD
TABLE 54 AGRICULTURE: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 55 AGRICULTURE: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.3 AUTOMOTIVE & TRANSPORTATION
8.3.1 NEED FOR REAL-TIME INFORMATION ON TRAFFIC CONDITIONS AND ROAD HAZARDS TO ENSURE SAFER DRIVING TO BOOST ADOPTION
FIGURE 51 EUROPE TO SECURE SIGNIFICANT MARKET SHARE IN CELLULAR MODEM MARKET DURING FORECAST PERIOD
TABLE 56 AUTOMOTIVE & TRANSPORTATION: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 57 AUTOMOTIVE & TRANSPORTATION: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.4 CONSUMER ELECTRONICS
8.4.1 INCREASING DEMAND FOR SMART HOMES TO SUPPORT MARKET GROWTH
FIGURE 52 ASIA PACIFIC TO LEAD CELLULAR MODEM MARKET FOR CONSUMER ELECTRONICS FROM 2023 TO 2028
TABLE 58 CONSUMER ELECTRONICS: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 59 CONSUMER ELECTRONICS: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.5 BUILDING AUTOMATION
8.5.1 GROWING FOCUS ON REDUCING OPERATIONAL COSTS AND ENSURING ENERGY SAVINGS TO FUEL DEMAND
FIGURE 53 NORTH AMERICA TO HOLD LARGEST MARKET SHARE FOR BUILDING AUTOMATION FROM 2O23 TO 2028
TABLE 60 BUILDING AUTOMATION: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 61 BUILDING AUTOMATION: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.6 ENERGY & UTILITIES
8.6.1 PRESSING NEED FOR UNINTERRUPTED COMMUNICATION BETWEEN GRID COMPONENTS TO BOOST DEMAND
FIGURE 54 ASIA PACIFIC TO COMMAND CELLULAR MODEM MARKET FOR ENERGY & UTILITIES THROUGHOUT FORECAST PERIOD
TABLE 62 ENERGY & UTILITIES: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 63 ENERGY & UTILITIES: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.7 HEALTHCARE
8.7.1 INCREASING PREFERENCE FOR TELEMEDICINE SERVICES TO FOSTER MARKET GROWTH
FIGURE 55 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 64 HEALTHCARE: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 65 HEALTHCARE: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.8 INDUSTRIAL/MANUFACTURING
8.8.1 GROWING USE OF MACHINE-TO-MACHINE COMMUNICATION TECHNOLOGY TO FUEL MARKET GROWTH
FIGURE 56 ASIA PACIFIC TO COMMAND MARKET FROM 2023 TO 2028
TABLE 66 INDUSTRIAL/MANUFACTURING: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 67 INDUSTRIAL/MANUFACTURING: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.9 RETAIL
8.9.1 ABILITY TO OFFER QUICK AND RELIABLE PAYMENT PROCESSING TO BOOST DEMAND
FIGURE 57 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR FOR RETAIL DURING FORECAST PERIOD
TABLE 68 RETAIL: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 69 RETAIL: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.10 SMART CITIES
8.10.1 GROWING DEPLOYMENT IN INTELLIGENT TRANSPORTATION SYSTEMS TO BOOST DEMAND
FIGURE 58 ASIA PACIFIC TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
TABLE 70 SMART CITIES: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 71 SMART CITIES: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.11 OTHERS
FIGURE 59 NORTH AMERICA TO DISPLAY HIGHEST CAGR IN CELLULAR MODEM MARKET FOR OTHER VERTICALS DURING FORECAST PERIOD
TABLE 72 OTHERS: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 73 OTHERS: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
9 CELLULAR MODEM MARKET, BY REGION
9.1 INTRODUCTION
FIGURE 60 INDIA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 61 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
TABLE 74 CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 75 CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA: RECESSION IMPACT
FIGURE 62 NORTH AMERICA: CELLULAR MODEM MARKET SNAPSHOT
9.2.2 US
9.2.2.1 Rising adoption of 5G, IoT, robotics, and big data analytics technologies to drive market
9.2.3 CANADA
9.2.3.1 Growing focus on enhancing 5G capabilities to boost demand
9.2.4 MEXICO
9.2.4.1 Vehicle telematics and fleet management applications in automobile industry to contribute to high demand
TABLE 76 NORTH AMERICA: CELLULAR MODEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 77 NORTH AMERICA: CELLULAR MODEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 78 NORTH AMERICA: CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 79 NORTH AMERICA: CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 80 NORTH AMERICA: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 81 NORTH AMERICA: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 82 NORTH AMERICA: CELLULAR MODEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 83 NORTH AMERICA: CELLULAR MODEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
9.3 EUROPE
9.3.1 EUROPE: RECESSION IMPACT
FIGURE 63 EUROPE: CELLULAR MODEM MARKET SNAPSHOT
9.3.2 GERMANY
9.3.2.1 Thriving industrial and automotive sectors to fuel market growth
9.3.3 UK
9.3.3.1 Strong use of smart technologies and connected devices to accelerate demand for cellular modems
9.3.4 FRANCE
9.3.4.1 Increasing government investments in advanced communication technologies to stimulate requirement for cellular modems
9.3.5 ITALY
9.3.5.1 Rising focus on adoption of ultra-fast communication technologies to foster market growth
9.3.6 SPAIN
9.3.6.1 Strategic initiatives and significant investments in digital infrastructure to boost demand
9.3.7 REST OF EUROPE
TABLE 84 EUROPE: CELLULAR MODEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 85 EUROPE: CELLULAR MODEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 86 EUROPE: CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 87 EUROPE: CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 88 EUROPE: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 89 EUROPE: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 90 EUROPE: CELLULAR MODEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 91 EUROPE: CELLULAR MODEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC: RECESSION IMPACT
FIGURE 64 ASIA PACIFIC: CELLULAR MODEM MARKET SNAPSHOT
9.4.2 CHINA
9.4.2.1 Substantial progress by major telecom operators to boost demand
9.4.3 JAPAN
9.4.3.1 Fierce competition among established players to boost demand
9.4.4 INDIA
9.4.4.1 Favorable government policies for development of manufacturing sector to accelerate demand
9.4.5 SOUTH KOREA
9.4.5.1 Growing trend of advanced manufacturing to drive market
9.4.6 REST OF ASIA PACIFIC
TABLE 92 ASIA PACIFIC: CELLULAR MODEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 93 ASIA PACIFIC: CELLULAR MODEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 94 ASIA PACIFIC: CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 95 ASIA PACIFIC: CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 96 ASIA PACIFIC: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 97 ASIA PACIFIC: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 98 ASIA PACIFIC: CELLULAR MODEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 99 ASIA PACIFIC: CELLULAR MODEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
9.5 ROW
9.5.1 ROW: RECESSION IMPACT
9.5.2 SOUTH AMERICA
9.5.2.1 Projected rise in 5G penetration by 2030 to drive market
9.5.3 MIDDLE EAST & AFRICA
9.5.3.1 Focus of major telecommunications companies on expanding 5G networks to create opportunities
TABLE 100 ROW: CELLULAR MODEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 101 ROW: CELLULAR MODEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 102 ROW: CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 103 ROW: CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 104 ROW: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 105 ROW: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 106 ROW: CELLULAR MODEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 107 ROW: CELLULAR MODEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS
TABLE 108 CELLULAR MODEM MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
10.3 REVENUE ANALYSIS, 2018–2022
FIGURE 65 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022
10.4 MARKET SHARE ANALYSIS, 2022
FIGURE 66 CELLULAR MODEM MARKET SHARE ANALYSIS, 2022
TABLE 109 CELLULAR MODEM MARKET SHARE ANALYSIS, 2022
10.5 COMPANY EVALUATION MATRIX, 2022
10.5.1 STARS
10.5.2 EMERGING LEADERS
10.5.3 PERVASIVE PLAYERS
10.5.4 PARTICIPANTS
FIGURE 67 CELLULAR MODEM MARKET: COMPANY EVALUATION MATRIX, 2022
10.6 COMPANY FOOTPRINT
TABLE 110 OVERALL COMPANY FOOTPRINT
TABLE 111 COMPANY FOOTPRINT: TYPE
TABLE 112 COMPANY FOOTPRINT: REGION
10.7 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022
10.7.1 PROGRESSIVE COMPANIES
10.7.2 RESPONSIVE COMPANIES
10.7.3 DYNAMIC COMPANIES
10.7.4 STARTING BLOCKS
FIGURE 68 CELLULAR MODEM MARKET: START-UPS/SMES EVALUATION MATRIX, 2022
10.8 COMPETITIVE BENCHMARKING
TABLE 113 LIST OF KEY START-UPS/SMES
TABLE 114 CELLULAR MODEM MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
10.9 COMPETITIVE SCENARIOS AND TRENDS
10.9.1 PRODUCT LAUNCHES
TABLE 115 CELLULAR MODEM MARKET: PRODUCT LAUNCHES, 2019–2023
10.9.2 DEALS
TABLE 116 CELLULAR MODEM MARKET: DEALS, 2019–2023
10.9.3 OTHERS
TABLE 117 CELLULAR MODEM MARKET: OTHERS, 2019–2023
11 COMPANY PROFILES
11.1 KEY PLAYERS
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
11.1.1 DIGI INTERNATIONAL INC.
TABLE 118 DIGI INTERNATIONAL INC.: COMPANY OVERVIEW
FIGURE 69 DIGI INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 119 DIGI INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 120 DIGI INTERNATIONAL INC.: PRODUCT LAUNCHES
TABLE 121 DIGI INTERNATIONAL INC.: DEALS
TABLE 122 DIGI INTERNATIONAL INC.: OTHERS
11.1.2 SIERRA WIRELESS
TABLE 123 SIERRA WIRELESS: COMPANY OVERVIEW
TABLE 124 SIERRA WIRELESS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 125 SIERRA WIRELESS: PRODUCT LAUNCHES
TABLE 126 SIERRA WIRELESS: DEALS
11.1.3 QUALCOMM TECHNOLOGIES, INC.
TABLE 127 QUALCOMM TECHNOLOGIES, INC.: COMPANY OVERVIEW
FIGURE 70 QUALCOMM TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 128 QUALCOMM TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 129 QUALCOMM TECHNOLOGIES, INC.: PRODUCT LAUNCHES
TABLE 130 QUALCOMM TECHNOLOGIES, INC.: DEALS
11.1.4 D-LINK CORPORATION
TABLE 131 D-LINK CORPORATION: COMPANY OVERVIEW
FIGURE 71 D-LINK CORPORATION: COMPANY SNAPSHOT
TABLE 132 D-LINK CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.1.5 HUAWEI DEVICE CO., LTD.
TABLE 133 HUAWEI DEVICE CO., LTD.: COMPANY OVERVIEW
FIGURE 72 HUAWEI DEVICE CO., LTD.: COMPANY SNAPSHOT
TABLE 134 HUAWEI DEVICE CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 135 HUAWEI DEVICE CO., LTD.: DEALS
11.1.6 TP-LINK CORPORATION LIMITED
TABLE 136 TP-LINK CORPORATION LIMITED: COMPANY OVERVIEW
TABLE 137 TP-LINK CORPORATION LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.1.7 XIAMEN BAIMA TECHNOLOGY CO., LTD.
TABLE 138 XIAMEN BAIMA TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
TABLE 139 XIAMEN BAIMA TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.1.8 NETGEAR
TABLE 140 NETGEAR: COMPANY OVERVIEW
FIGURE 73 NETGEAR: COMPANY SNAPSHOT
TABLE 141 NETGEAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 142 NETGEAR: PRODUCT LAUNCHES
TABLE 143 NETGEAR: DEALS
11.1.9 ADVANTECH CO., LTD.
TABLE 144 ADVANTECH CO., LTD.: COMPANY OVERVIEW
FIGURE 74 ADVANTECH CO., LTD.: COMPANY SNAPSHOT
TABLE 145 ADVANTECH CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 146 ADVANTECH CO., LTD.: DEALS
11.1.10 CISCO SYSTEMS, INC.
TABLE 147 CISCO SYSTEMS, INC.: COMPANY OVERVIEW
FIGURE 75 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
11.1.10.2 Products/Solutions/Services offered
TABLE 148 CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 149 CISCO SYSTEMS, INC.: DEALS
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
11.2 OTHER KEY PLAYERS
11.2.1 MOXA INC.
11.2.2 MULTI-TECH SYSTEMS, INC.
11.2.3 BELKIN
11.2.4 PEPLINK
11.2.5 ROBUSTEL
11.2.6 LANTRONIX, INC.
11.2.7 INHAND NETWORKS
11.2.8 MOTOROLA MOBILITY LLC
11.2.9 BENTEK SYSTEMS
11.2.10 CAMPBELL SCIENTIFIC, INC.
11.2.11 RED LION
11.2.12 SHENZHEN WLINK TECHNOLOGY CO., LTD.
11.2.13 JINAN USR IOT TECHNOLOGY LIMITED
11.2.14 BIVOCOM
11.2.15 AIRGAIN, INC.
12 APPENDIX
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 CUSTOMIZATION OPTIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 CELLULAR MODEM MARKET: SEGMENTATION
1.3.2 YEARS CONSIDERED
1.3.3 REGIONAL SCOPE
1.4 CURRENCY CONSIDERED
TABLE 1 CURRENCY CONVERSION RATES
1.5 UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 2 CELLULAR MODEM MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 List of key interview participants
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUES GENERATED BY COMPANIES FROM SALES OF CELLULAR MODEMS
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP (DEMAND SIDE): DEMAND FOR CELLULAR MODEMS
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to derive market size using bottom-up analysis
FIGURE 6 CELLULAR MODEM MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to derive market size using top-down analysis
FIGURE 7 CELLULAR MODEM MARKET: TOP-DOWN APPROACH
2.3 DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON STUDIED MARKET
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 9 EMBEDDED CELLULAR MODEMS TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
FIGURE 10 4G TECHNOLOGY TO SECURE LARGEST MARKET SHARE IN 2023
FIGURE 11 HEALTHCARE VERTICAL TO EXHIBIT HIGHEST CAGR FROM 2023 TO 2028
FIGURE 12 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN CELLULAR MODEM MARKET
FIGURE 13 ADVANCEMENTS IN WIRELESS TECHNOLOGIES TO FUEL GROWTH OF CELLULAR MODEM MARKET FROM 2023 TO 2028
4.2 CELLULAR MODEM MARKET, BY TECHNOLOGY
FIGURE 14 5G TECHNOLOGY TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
4.3 CELLULAR MODEM MARKET IN ASIA PACIFIC, BY TECHNOLOGY AND COUNTRY
FIGURE 15 4G AND CHINA TO HOLD LARGEST SHARES OF CELLULAR MODEM MARKET IN 2023
4.4 CELLULAR MODEM MARKET, BY COUNTRY
FIGURE 16 CELLULAR MODEM MARKET IN INDIA TO GROW AT HIGHEST CAGR FROM 2023 TO 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 CELLULAR MODEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rapid evolution and adoption of advanced wireless technologies
FIGURE 18 GLOBAL M2M CONNECTIONS, 2019–2023
5.2.1.2 High demand for smart home devices
5.2.1.3 Increased need for advanced connectivity solutions in Industry 4.0 era
5.2.1.4 Indispensable need for edge computing in IoT
5.2.1.5 Strong preference for e-learning and online education
FIGURE 19 CELLULAR MODEM MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 Interoperability issues within cellular networks
5.2.2.2 Security and privacy concerns in data-driven environment
FIGURE 20 CELLULAR MODEM MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Growing trend of digital payments in FinTech sector
5.2.3.2 Government initiatives for digital transformation
5.2.3.3 Increasing adoption of telemedicine and remote healthcare services
5.2.3.4 Integration of cellular technology in fleet management systems
FIGURE 21 CELLULAR MODEM MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Hampered performance in adverse weather conditions
5.2.4.2 Limited coverage of cellular networks in remote or rural areas
FIGURE 22 CELLULAR MODEM MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 23 VALUE CHAIN ANALYSIS: MANUFACTURERS TO CONTRIBUTE MOST TO PRODUCT COST
5.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 24 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.5 ECOSYSTEM ANALYSIS
FIGURE 25 ECOSYSTEM ANALYSIS
TABLE 2 COMPANIES AND THEIR ROLES IN CELLULAR MODEM ECOSYSTEM
5.6 PORTER’S FIVE FORCES ANALYSIS
TABLE 3 CELLULAR MODEM MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 26 CELLULAR MODEM MARKET: PORTER’S FIVE FORCES ANALYSIS
5.6.1 THREAT OF NEW ENTRANTS
5.6.2 THREAT OF SUBSTITUTES
5.6.3 BARGAINING POWER OF SUPPLIERS
5.6.4 BARGAINING POWER OF BUYERS
5.6.5 INTENSITY OF COMPETITIVE RIVALRY
5.7 CASE STUDY ANALYSIS
TABLE 4 LANTRONIX PROVIDES E210 ROUTERS TO ARGUS SECURE TECHNOLOGIES FOR SECURE DATA TRANSMISSION
TABLE 5 DEGIV HEALTH TERMINALS STRENGTHENS PATIENT PRIVACY WITH DIGI IX20 4G LTE ROUTER
TABLE 6 SIERRA WIRELESS AIRLINK GX450 GATEWAY ENABLES FARM FROM A BOX TO DEVELOP SUSTAINABLE AND REMOTE MONITORING SOLUTIONS
TABLE 7 SIERRA WIRELESS SIMPLIFIES CLEANROBOTICS’ TRASHBOT DEPLOYMENT THROUGH PLUG-AND-PLAY MODEL
TABLE 8 SIERRA WIRELESS SOLUTION ASSISTS QSH TO DEPLOY 15,000 SMART LOCKERS GLOBALLY
5.8 TECHNOLOGY ANALYSIS
5.8.1 MASSIVE MIMO
5.8.2 BEAMFORMING
5.8.3 CARRIER AGGREGATION
5.8.4 LICENSE ASSISTED ACCESS (LAA)
5.9 PRICING ANALYSIS
TABLE 9 AVERAGE SELLING PRICE (ASP) TREND OF CELLULAR MODEMS, BY TYPE, 2019–2022 (USD)
TABLE 10 AVERAGE SELLING PRICE (ASP) TREND OF CELLULAR MODEMS, BY TYPE, 2023–2028 (USD)
5.9.1 AVERAGE SELLING PRICE (ASP) TREND OF CELLULAR MODEMS, BY REGION
FIGURE 27 AVERAGE SELLING PRICE (ASP) TREND OF EMBEDDED CELLULAR MODEMS, BY REGION, 2019–2028 (USD)
FIGURE 28 AVERAGE SELLING PRICE (ASP) TREND OF BOX PORTABLE CELLULAR MODEMS, BY REGION, 2019–2028 (USD)
5.9.2 AVERAGE SELLING PRICE (ASP) TREND OF CELLULAR MODEMS OFFERED BY TOP SIX PLAYERS
FIGURE 29 AVERAGE SELLING PRICE TREND OF CELLULAR MODEMS OFFERED BY TOP SIX PLAYERS
5.10 TRADE ANALYSIS
5.10.1 IMPORT SCENARIO
FIGURE 30 IMPORT DATA FOR HS CODE 8517-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD BILLION)
5.10.2 EXPORT SCENARIO
FIGURE 31 EXPORT DATA FOR HS CODE 8517-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD BILLION)
5.11 PATENT ANALYSIS, 2019–2023
TABLE 11 CELLULAR MODEM MARKET: LIST OF PATENTS, 2019–2023
FIGURE 32 CELLULAR MODEM MARKET: PATENTS GRANTED, 2012–2023
TABLE 12 TOP 20 PATENT OWNERS, 2013–2023
FIGURE 33 CELLULAR MODEM MARKET: TOP 10 PATENT HOLDERS IN CELLULAR MODEM MARKET, 2013–2023
5.12 TARIFF ANALYSIS
5.12.1 TARIFFS
TABLE 13 MFN TARIFF FOR HS CODE 8517-COMPLIANT PRODUCTS EXPORTED BY US
TABLE 14 MFN TARIFF FOR HS CODE 8517-COMPLIANT PRODUCTS EXPORTED BY CHINA
5.13 REGULATORY LANDSCAPE AND STANDARDS
5.13.1 REGULATIONS
5.13.2 STANDARDS
5.13.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14 KEY CONFERENCES AND EVENTS, 2024
TABLE 19 CELLULAR MODEM MARKET: LIST OF CONFERENCES AND EVENTS, 2024
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 34 KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE VERTICALS
TABLE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
5.15.2 BUYING CRITERIA
FIGURE 35 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
TABLE 21 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
6 CELLULAR MODEM MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 36 CELLULAR MODEM MARKET, BY TYPE
FIGURE 37 EMBEDDED CELLULAR MODEMS TO DISPLAY HIGHER CAGR DURING FORECAST PERIOD
TABLE 22 CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 23 CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 24 CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (MILLION UNITS)
TABLE 25 CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (MILLION UNITS)
6.2 EMBEDDED CELLULAR MODEMS
6.2.1 INCREASING INTEGRATION OF CELLULAR CONNECTIVITY IN IOT AND SMART APPLIANCES TO BOOST DEMAND
TABLE 26 USE CASE: AIA'S REMOTE MONITORING SOLUTION ENABLES EFFICIENT AUTOMATION IN OIL AND & INDUSTRY
FIGURE 38 NORTH AMERICA TO DISPLAY HIGHEST CAGR IN EMBEDDED CELLULAR MODEM MARKET DURING FORECAST PERIOD
TABLE 27 EMBEDDED CELLULAR MODEMS: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 28 EMBEDDED CELLULAR MODEMS: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
6.3 BOX PORTABLE CELLULAR MODEMS
6.3.1 INCREASING ADOPTION OF REMOTE WORK AND E-LEARNING PLATFORMS TO ACCELERATE DEMAND
TABLE 29 USE CASE: DIGI INTERNATIONAL PARTNERS WITH AT&T TO CENTRALIZE DEVICE MANAGEMENT AND SUPPORT CONNECTED VEHICLES
FIGURE 39 NORTH AMERICA TO HOLD SIGNIFICANT MARKET SHARE OF BOX PORTABLE CELLULAR MODEM MARKET THROUGHOUT FORECAST PERIOD
TABLE 30 BOX PORTABLE CELLULAR MODEMS: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 31 BOX PORTABLE CELLULAR MODEMS: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
7 CELLULAR MODEM MARKET, BY TECHNOLOGY
7.1 INTRODUCTION
FIGURE 40 CELLULAR MODEM MARKET, BY TECHNOLOGY
FIGURE 41 5G CELLULAR MODEMS TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD
TABLE 32 CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 33 CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
7.2 2G
7.2.1 APPLICATIONS DEMANDING LESS DATA TRANSFERS TO DRIVE DEMAND
TABLE 34 USE CASE: M.O. POWER TRANSMISSION ENHANCES ENERGY SUBSTATION AUTOMATION WITH 2G/3G MODEMS
FIGURE 42 ASIA PACIFIC TO HOLD LARGEST MARKET SHARE FROM 2023 TO 2028
TABLE 35 2G: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 36 2G: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
7.3 3G
7.3.1 SHIFT TOWARD DATA-CENTRIC SERVICES TO BOOST DEMAND
TABLE 37 USE CASE: RUBIN IMPLEMENTS ROBUSTEL’S M1000 XP MODEM TO ENHANCE MAINTENANCE CAPABILITIES
FIGURE 43 ASIA PACIFIC TO COMMAND MARKET SHARE DURING FORECAST PERIOD
TABLE 38 3G: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 39 3G: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
7.4 4G
7.4.1 ENHANCED BANDWIDTH AND SUPERIOR SERVICE QUALITY TO DRIVE MARKET
TABLE 40 USE CASE: DIGI INTERNATIONAL INC. ASSISTS METRO COMPACTOR SERVICE INC. MANAGE WASTE EFFICIENTLY
FIGURE 44 ASIA PACIFIC TO SECURE LARGEST MARKET SHARE FROM 2023 TO 2028
TABLE 41 4G: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 42 4G: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
7.5 5G
7.5.1 UNPARALLELED DATA TRANSMISSION SPEED AND LOW LATENCY FEATURES TO ACCELERATE ADOPTION OF 5G MODEMS
TABLE 43 USE CASE: TRIMET IMPROVES FLEET MANAGEMENT WITH DIGI TX64 TRANSPORTATION ROUTER
FIGURE 45 ASIA PACIFIC TO LEAD MARKET THROUGHOUT FORECAST PERIOD
TABLE 44 5G: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 45 5G: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
7.6 LPWAN
7.6.1 LTE-M
7.6.1.1 Pressing need for reliable and secure data transmission over cellular networks to drive market
TABLE 46 USE CASE: INFINITUM ELECTRIC ENHANCES HVAC APPLICATIONS WITH DIGI XBEE 3 SMART CELLULAR MODEMS
FIGURE 46 NORTH AMERICA TO CAPTURE LARGEST MARKET SHARE IN 2023
TABLE 47 LTE-M: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 48 LTE-M: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
7.6.2 NB-IOT
7.6.2.1 Smart meters and environmental sensors to generate significant demand
TABLE 49 USE CASE: PUPPTECH DEVELOPS PORTABLE AND CONNECTED ENVIRONMENTAL MONITORING SOLUTIONS FOR DOGS WITH DIGI XBEE 3 CELLULAR LTE-M/NB-IOT MODEM
FIGURE 47 ASIA PACIFIC TO SECURE LARGEST MARKET SHARE FROM 2023 TO 2028
TABLE 50 NB-IOT: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 51 NB-IOT: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8 CELLULAR MODEM MARKET, BY VERTICAL
8.1 INTRODUCTION
FIGURE 48 CELLULAR MODEM MARKET, BY VERTICAL
TABLE 52 CELLULAR MODEM MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 53 CELLULAR MODEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
FIGURE 49 ENERGY & UTILITIES VERTICAL TO SECURE LARGEST MARKET SHARE DURING FORECAST PERIOD
8.2 AGRICULTURE
8.2.1 GROWING ADOPTION OF SMART AGRICULTURE EQUIPMENT TO CREATE OPPORTUNITIES FOR PLAYERS
FIGURE 50 ASIA PACIFIC TO DOMINATE CELLULAR MODEM MARKET FOR AGRICULTURE APPLICATIONS THROUGHOUT FORECAST PERIOD
TABLE 54 AGRICULTURE: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 55 AGRICULTURE: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.3 AUTOMOTIVE & TRANSPORTATION
8.3.1 NEED FOR REAL-TIME INFORMATION ON TRAFFIC CONDITIONS AND ROAD HAZARDS TO ENSURE SAFER DRIVING TO BOOST ADOPTION
FIGURE 51 EUROPE TO SECURE SIGNIFICANT MARKET SHARE IN CELLULAR MODEM MARKET DURING FORECAST PERIOD
TABLE 56 AUTOMOTIVE & TRANSPORTATION: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 57 AUTOMOTIVE & TRANSPORTATION: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.4 CONSUMER ELECTRONICS
8.4.1 INCREASING DEMAND FOR SMART HOMES TO SUPPORT MARKET GROWTH
FIGURE 52 ASIA PACIFIC TO LEAD CELLULAR MODEM MARKET FOR CONSUMER ELECTRONICS FROM 2023 TO 2028
TABLE 58 CONSUMER ELECTRONICS: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 59 CONSUMER ELECTRONICS: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.5 BUILDING AUTOMATION
8.5.1 GROWING FOCUS ON REDUCING OPERATIONAL COSTS AND ENSURING ENERGY SAVINGS TO FUEL DEMAND
FIGURE 53 NORTH AMERICA TO HOLD LARGEST MARKET SHARE FOR BUILDING AUTOMATION FROM 2O23 TO 2028
TABLE 60 BUILDING AUTOMATION: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 61 BUILDING AUTOMATION: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.6 ENERGY & UTILITIES
8.6.1 PRESSING NEED FOR UNINTERRUPTED COMMUNICATION BETWEEN GRID COMPONENTS TO BOOST DEMAND
FIGURE 54 ASIA PACIFIC TO COMMAND CELLULAR MODEM MARKET FOR ENERGY & UTILITIES THROUGHOUT FORECAST PERIOD
TABLE 62 ENERGY & UTILITIES: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 63 ENERGY & UTILITIES: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.7 HEALTHCARE
8.7.1 INCREASING PREFERENCE FOR TELEMEDICINE SERVICES TO FOSTER MARKET GROWTH
FIGURE 55 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 64 HEALTHCARE: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 65 HEALTHCARE: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.8 INDUSTRIAL/MANUFACTURING
8.8.1 GROWING USE OF MACHINE-TO-MACHINE COMMUNICATION TECHNOLOGY TO FUEL MARKET GROWTH
FIGURE 56 ASIA PACIFIC TO COMMAND MARKET FROM 2023 TO 2028
TABLE 66 INDUSTRIAL/MANUFACTURING: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 67 INDUSTRIAL/MANUFACTURING: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.9 RETAIL
8.9.1 ABILITY TO OFFER QUICK AND RELIABLE PAYMENT PROCESSING TO BOOST DEMAND
FIGURE 57 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR FOR RETAIL DURING FORECAST PERIOD
TABLE 68 RETAIL: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 69 RETAIL: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.10 SMART CITIES
8.10.1 GROWING DEPLOYMENT IN INTELLIGENT TRANSPORTATION SYSTEMS TO BOOST DEMAND
FIGURE 58 ASIA PACIFIC TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
TABLE 70 SMART CITIES: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 71 SMART CITIES: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
8.11 OTHERS
FIGURE 59 NORTH AMERICA TO DISPLAY HIGHEST CAGR IN CELLULAR MODEM MARKET FOR OTHER VERTICALS DURING FORECAST PERIOD
TABLE 72 OTHERS: CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 73 OTHERS: CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
9 CELLULAR MODEM MARKET, BY REGION
9.1 INTRODUCTION
FIGURE 60 INDIA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 61 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
TABLE 74 CELLULAR MODEM MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 75 CELLULAR MODEM MARKET, BY REGION, 2023–2028 (USD MILLION)
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA: RECESSION IMPACT
FIGURE 62 NORTH AMERICA: CELLULAR MODEM MARKET SNAPSHOT
9.2.2 US
9.2.2.1 Rising adoption of 5G, IoT, robotics, and big data analytics technologies to drive market
9.2.3 CANADA
9.2.3.1 Growing focus on enhancing 5G capabilities to boost demand
9.2.4 MEXICO
9.2.4.1 Vehicle telematics and fleet management applications in automobile industry to contribute to high demand
TABLE 76 NORTH AMERICA: CELLULAR MODEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 77 NORTH AMERICA: CELLULAR MODEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 78 NORTH AMERICA: CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 79 NORTH AMERICA: CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 80 NORTH AMERICA: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 81 NORTH AMERICA: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 82 NORTH AMERICA: CELLULAR MODEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 83 NORTH AMERICA: CELLULAR MODEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
9.3 EUROPE
9.3.1 EUROPE: RECESSION IMPACT
FIGURE 63 EUROPE: CELLULAR MODEM MARKET SNAPSHOT
9.3.2 GERMANY
9.3.2.1 Thriving industrial and automotive sectors to fuel market growth
9.3.3 UK
9.3.3.1 Strong use of smart technologies and connected devices to accelerate demand for cellular modems
9.3.4 FRANCE
9.3.4.1 Increasing government investments in advanced communication technologies to stimulate requirement for cellular modems
9.3.5 ITALY
9.3.5.1 Rising focus on adoption of ultra-fast communication technologies to foster market growth
9.3.6 SPAIN
9.3.6.1 Strategic initiatives and significant investments in digital infrastructure to boost demand
9.3.7 REST OF EUROPE
TABLE 84 EUROPE: CELLULAR MODEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 85 EUROPE: CELLULAR MODEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 86 EUROPE: CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 87 EUROPE: CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 88 EUROPE: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 89 EUROPE: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 90 EUROPE: CELLULAR MODEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 91 EUROPE: CELLULAR MODEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC: RECESSION IMPACT
FIGURE 64 ASIA PACIFIC: CELLULAR MODEM MARKET SNAPSHOT
9.4.2 CHINA
9.4.2.1 Substantial progress by major telecom operators to boost demand
9.4.3 JAPAN
9.4.3.1 Fierce competition among established players to boost demand
9.4.4 INDIA
9.4.4.1 Favorable government policies for development of manufacturing sector to accelerate demand
9.4.5 SOUTH KOREA
9.4.5.1 Growing trend of advanced manufacturing to drive market
9.4.6 REST OF ASIA PACIFIC
TABLE 92 ASIA PACIFIC: CELLULAR MODEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 93 ASIA PACIFIC: CELLULAR MODEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 94 ASIA PACIFIC: CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 95 ASIA PACIFIC: CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 96 ASIA PACIFIC: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 97 ASIA PACIFIC: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 98 ASIA PACIFIC: CELLULAR MODEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 99 ASIA PACIFIC: CELLULAR MODEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
9.5 ROW
9.5.1 ROW: RECESSION IMPACT
9.5.2 SOUTH AMERICA
9.5.2.1 Projected rise in 5G penetration by 2030 to drive market
9.5.3 MIDDLE EAST & AFRICA
9.5.3.1 Focus of major telecommunications companies on expanding 5G networks to create opportunities
TABLE 100 ROW: CELLULAR MODEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 101 ROW: CELLULAR MODEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 102 ROW: CELLULAR MODEM MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 103 ROW: CELLULAR MODEM MARKET, BY TYPE, 2023–2028 (USD MILLION)
TABLE 104 ROW: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 105 ROW: CELLULAR MODEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 106 ROW: CELLULAR MODEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
TABLE 107 ROW: CELLULAR MODEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS
TABLE 108 CELLULAR MODEM MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
10.3 REVENUE ANALYSIS, 2018–2022
FIGURE 65 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022
10.4 MARKET SHARE ANALYSIS, 2022
FIGURE 66 CELLULAR MODEM MARKET SHARE ANALYSIS, 2022
TABLE 109 CELLULAR MODEM MARKET SHARE ANALYSIS, 2022
10.5 COMPANY EVALUATION MATRIX, 2022
10.5.1 STARS
10.5.2 EMERGING LEADERS
10.5.3 PERVASIVE PLAYERS
10.5.4 PARTICIPANTS
FIGURE 67 CELLULAR MODEM MARKET: COMPANY EVALUATION MATRIX, 2022
10.6 COMPANY FOOTPRINT
TABLE 110 OVERALL COMPANY FOOTPRINT
TABLE 111 COMPANY FOOTPRINT: TYPE
TABLE 112 COMPANY FOOTPRINT: REGION
10.7 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022
10.7.1 PROGRESSIVE COMPANIES
10.7.2 RESPONSIVE COMPANIES
10.7.3 DYNAMIC COMPANIES
10.7.4 STARTING BLOCKS
FIGURE 68 CELLULAR MODEM MARKET: START-UPS/SMES EVALUATION MATRIX, 2022
10.8 COMPETITIVE BENCHMARKING
TABLE 113 LIST OF KEY START-UPS/SMES
TABLE 114 CELLULAR MODEM MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
10.9 COMPETITIVE SCENARIOS AND TRENDS
10.9.1 PRODUCT LAUNCHES
TABLE 115 CELLULAR MODEM MARKET: PRODUCT LAUNCHES, 2019–2023
10.9.2 DEALS
TABLE 116 CELLULAR MODEM MARKET: DEALS, 2019–2023
10.9.3 OTHERS
TABLE 117 CELLULAR MODEM MARKET: OTHERS, 2019–2023
11 COMPANY PROFILES
11.1 KEY PLAYERS
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
11.1.1 DIGI INTERNATIONAL INC.
TABLE 118 DIGI INTERNATIONAL INC.: COMPANY OVERVIEW
FIGURE 69 DIGI INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 119 DIGI INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 120 DIGI INTERNATIONAL INC.: PRODUCT LAUNCHES
TABLE 121 DIGI INTERNATIONAL INC.: DEALS
TABLE 122 DIGI INTERNATIONAL INC.: OTHERS
11.1.2 SIERRA WIRELESS
TABLE 123 SIERRA WIRELESS: COMPANY OVERVIEW
TABLE 124 SIERRA WIRELESS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 125 SIERRA WIRELESS: PRODUCT LAUNCHES
TABLE 126 SIERRA WIRELESS: DEALS
11.1.3 QUALCOMM TECHNOLOGIES, INC.
TABLE 127 QUALCOMM TECHNOLOGIES, INC.: COMPANY OVERVIEW
FIGURE 70 QUALCOMM TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 128 QUALCOMM TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 129 QUALCOMM TECHNOLOGIES, INC.: PRODUCT LAUNCHES
TABLE 130 QUALCOMM TECHNOLOGIES, INC.: DEALS
11.1.4 D-LINK CORPORATION
TABLE 131 D-LINK CORPORATION: COMPANY OVERVIEW
FIGURE 71 D-LINK CORPORATION: COMPANY SNAPSHOT
TABLE 132 D-LINK CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.1.5 HUAWEI DEVICE CO., LTD.
TABLE 133 HUAWEI DEVICE CO., LTD.: COMPANY OVERVIEW
FIGURE 72 HUAWEI DEVICE CO., LTD.: COMPANY SNAPSHOT
TABLE 134 HUAWEI DEVICE CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 135 HUAWEI DEVICE CO., LTD.: DEALS
11.1.6 TP-LINK CORPORATION LIMITED
TABLE 136 TP-LINK CORPORATION LIMITED: COMPANY OVERVIEW
TABLE 137 TP-LINK CORPORATION LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.1.7 XIAMEN BAIMA TECHNOLOGY CO., LTD.
TABLE 138 XIAMEN BAIMA TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
TABLE 139 XIAMEN BAIMA TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
11.1.8 NETGEAR
TABLE 140 NETGEAR: COMPANY OVERVIEW
FIGURE 73 NETGEAR: COMPANY SNAPSHOT
TABLE 141 NETGEAR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 142 NETGEAR: PRODUCT LAUNCHES
TABLE 143 NETGEAR: DEALS
11.1.9 ADVANTECH CO., LTD.
TABLE 144 ADVANTECH CO., LTD.: COMPANY OVERVIEW
FIGURE 74 ADVANTECH CO., LTD.: COMPANY SNAPSHOT
TABLE 145 ADVANTECH CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 146 ADVANTECH CO., LTD.: DEALS
11.1.10 CISCO SYSTEMS, INC.
TABLE 147 CISCO SYSTEMS, INC.: COMPANY OVERVIEW
FIGURE 75 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
11.1.10.2 Products/Solutions/Services offered
TABLE 148 CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 149 CISCO SYSTEMS, INC.: DEALS
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
11.2 OTHER KEY PLAYERS
11.2.1 MOXA INC.
11.2.2 MULTI-TECH SYSTEMS, INC.
11.2.3 BELKIN
11.2.4 PEPLINK
11.2.5 ROBUSTEL
11.2.6 LANTRONIX, INC.
11.2.7 INHAND NETWORKS
11.2.8 MOTOROLA MOBILITY LLC
11.2.9 BENTEK SYSTEMS
11.2.10 CAMPBELL SCIENTIFIC, INC.
11.2.11 RED LION
11.2.12 SHENZHEN WLINK TECHNOLOGY CO., LTD.
11.2.13 JINAN USR IOT TECHNOLOGY LIMITED
11.2.14 BIVOCOM
11.2.15 AIRGAIN, INC.
12 APPENDIX
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 CUSTOMIZATION OPTIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
