Cellular Modem Market is Projected to Reach US$ 14.47 Billion, Registering a CAGR of 12.5% From 2024 to 2032

𝐓𝐡𝐞 𝐜𝐞𝐥𝐥𝐮𝐥𝐚𝐫 𝐦𝐨𝐝𝐞𝐦 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 5.03 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 2023. 𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐭𝐨 𝐔𝐒𝐃 14.47 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 2032, 𝐞𝐱𝐡𝐢𝐛𝐢𝐭𝐢𝐧𝐠 𝐚 𝐜𝐨𝐦𝐩𝐨𝐮𝐧𝐝 𝐚𝐧𝐧𝐮𝐚𝐥 𝐠𝐫𝐨𝐰𝐭𝐡 𝐫𝐚𝐭𝐞 (𝐂𝐀𝐆𝐑) 𝐨𝐟 12.5% 𝐟𝐫𝐨𝐦 2024 𝐭𝐨 2032.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧:
A cellular modem is a device that allows electronic gadgets to connect to cellular networks for internet browsing. This device acts as a middleman between the cellular and the device network, enabling data transmission and communication through the cellular network infrastructure.

They are used in a variety of applications like tablets, smartphones, industrial machinery, laptops, automotive systems, IoT devices, and more, providing reliable and speedy internet access.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/cellular-modem-market/request-for-sample

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:
• The increased accessibility of smart devices and the internet enabled various applications. Improved connectivity is essential for these tasks, resulting in an increased need for cellular modems.

• The increasing demand for internet connection is being fueled by the rise in popularity of electric cars, as well as the ongoing growth of self-driving cars and smart homes. In the expected period, there will be a significant need for cellular modems as various industries embrace internet access.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
In this extremely competitive market, major rivals constantly innovate and differentiate their products in an effort to take the lead in the market. Here is the list of the leading companies operating in the cellular modem market:
• Advantech Co., Ltd.
• Airgain, Inc.
• Belkin
• Bentek Systems
• Campbell Scientific, Inc.
• Cisco Systems, Inc.
• D-Link Corporation
• Digi International Inc.
• Huawei Device Co., Ltd.
• InHand Networks
• Jinan USR IOT Technology Limited
• LANTRONIX, INC.
• Moxa Inc.
• Motorola Mobility LLC

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
https://www.polarismarketresearch.com/buy/3702/2

𝐂𝐞𝐥𝐥𝐮𝐥𝐚𝐫 𝐌𝐨𝐝𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:
• Box portable segment is anticipated to witness the highest growth in the coming years due to its portability and ease of sharing the internet with multiple devices.

• 5G segment accounted for the largest market share owing to its higher speed compared to 4G network.

• Energy & Utilities segment is projected to experience a larger revenue share due to the adoption of smart meters.

• Asia Pacific is projected to register the fastest growth in the study period owing to the increasing number of internet users in the region.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/cellular-modem-market

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The cellular modem market is mainly segmented based on type, technology, vertical, and region. Based on the type analysis, during the projection period, the box portable segment is projected to grow at a CAGR, mainly driven by its ability to provide internet access without the need for installation or wiring. The main factor driving growth in this sector is the rising need for the Internet in a variety of activities like remote work, e-commerce expansion, and online education.

Furthermore, according to the technology analysis, in 2023, the 5G segment held the largest market share and is projected to sustain its market position throughout the foreseeable future. The advantages of the latest 5G network outweigh those of previous versions with reduced latency, higher capacity, and expanded bandwidth.
• 𝐁𝐲 𝐓𝐲𝐩𝐞
o Embedded Cellular Modem
o Box Portable Cellular Modem

• 𝐁𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲
o 2G
o 3G
o 4G
o 5G
o NB-IoT
o LTE-M

• 𝐁𝐲 𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥
o Agriculture
o Automotive & Transportation
o Building Automation
o Consumer Electronics
o Energy & Utilities
o Healthcare
o Industrial/Manufacturing
o Retail
o Smart Cities
o Others

𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐚𝐥 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
𝐔𝐥𝐭𝐫𝐚𝐬𝐨𝐧𝐢𝐜 𝐀𝐢𝐫 𝐁𝐮𝐛𝐛𝐥𝐞 𝐃𝐞𝐭𝐞𝐜𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/ultrasonic-air-bubble-detectors-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭𝐥𝐞𝐬𝐬 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/contactless-connector-market

𝐂𝐡𝐢𝐩𝐥𝐞𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/chiplets-market

𝐋𝐚𝐬𝐞𝐫 𝐏𝐫𝐨𝐜𝐞𝐬𝐬𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭:
https://www.polarismarketresearch.com/industry-analysis/laser-processing-market

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𝐀𝐛𝐨𝐮𝐭 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠, 𝐈𝐧𝐜:
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