Global Cellular Modem Market Size, Growth, and Forecast (2023-2032)

The Cellular Modem Market was worth USD 4.4 billion in 2022 and is set to grow to USD 14.3 billion by 2032, with a CAGR of 12.8%. Learn about the market's growth drivers and opportunities.
The Cellular Modem Market was worth USD 4.4 billion in 2022 and is set to grow to USD 14.3 billion by 2032, with a CAGR of 12.8%. Learn about the market's growth drivers and opportunities.

The global Cellular Modem Market was valued at USD 4.4 billion in 2022 and is expected to reach USD 14.3 billion by 2032, growing at a CAGR of 12.8% from 2023 to 2032. Explore key drivers, trends, and future opportunities in the cellular modem industry.

This report provides an analysis of the latest trends in the industries in each sub-segment between 2020 and 2032 and forecasts revenue growth around the globe, the regional and the country levels. The research covers drivers and restrains of the worldwide Cellular Modem Market. The effect of these drivers and limitations on Cellular Modem Market demand during the forecast period is also discussed. The study also shows worldwide and regional possibilities in the Cellular Modem Market. For this research, we have segmented the Cellular Modem Market report into a type, application/end user and regional segment.

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This study offers a thorough assessment of price trends, government regulatory scenarios, value chain analysis, and major market players that offers an overview of the Cellular Modem Market industry worldwide. In order to help comprehend a competitive landscape on the market, the Porter’s 5 Forces model for Cellular Modem Market is also included. The research includes market attraction assessment, in which different segments are evaluated in accordance with their market size, growth rate and overall appeal.

Cellular Modem Market Segmentation:

Cellular Modem Market By Type

  • Embedded Modems
  • Wireless Hotspot/Routers
  • USB Modems/Dongles
  • Peripheral Component Interconnect Express (PCIe) Modems

Cellular Modem Market By Technology

  • 2G (Second Generation)
  • 3G (Third Generation)
  • 4G LTE (Fourth Generation Long-Term Evolution)
  • 5G (Fifth Generation)
  • NB-IoT

Cellular Modem Market By Application

  • Smartphones
  • Smart Devices
  • Wearables
  • Tablets & Laptops
  • IoT Devices
  • Others

Cellular Modem Market By Vertical

  • Agriculture
  • Building Automation
  • Automotive & Transportation
  • Consumer Electronics
  • Healthcare
  • Energy & Utilities
  • Industrial & Manufacturing
  • Telecommunications
  • Retail
  • Others

The market is studied for regions such as North America (U.S. and Canada), Europe (U.K., Germany, France, Spain, Italy and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific), Latin America (Mexico, Brazil, ,and Rest of Latin America) and Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa).

Cellular Modem Market Players:

Some of the top cellular modem market companies offered in the professional report include Qualcomm Incorporated, Digi International Inc., MediaTek Inc., D-Link Corporation, Intel Corporation, Xiamen Baima Technology Co., Ltd., Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., Fibocom Wireless Inc, and Sierra Wireless, Inc.

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