Satellite Modem Market Growth and Industry Forecast Report 2017 Oct 2017

The Satellite Modem Market is to grow at a CAGR of 6.0% between 2017 and 2023. The
Satellite Modem Market is growing and the experts have predicted the future stats of Satellite
Modem. Satellite Modem Market report contains the top corporate profiles and strategies with
industry analysis and trends.
The complete report of Satellite Modem Market by Channel Type (SCPC & MCPC), Data Rate
(High-Speed, Mid-Range, Entry-Level), Application (Mobile & Backhaul, IP Trunking, Offshore
Communication), End User (Telecom, Marine, Oil & Gas), & Geography - Global Forecast to
2023 is now available on http://www.rnrmarketresearch.com/satellite-modem-market-by-
channel-type-scpc-mcpc-data-rate-high-speed-mid-range-entry-level-application-mobile-
backhaul-ip-trunking-offshore-communication-end-user-telecom-marine-oil-gas-ge-st-to-
2023-market-report.html
The satellite modem market is expected to grow from USD 296.4 million in 2017to USD 420.4
million by 2023, at a CAGR of 6.0% between 2017 and 2023. The major factors driving the
growth of the satellite modem market include continuous innovation by satellite modem
manufacturers to ensure the growth of the market, rising need for enriched high-speed data
communication, and growing demand for satellite communication from various verticals.
However, the lack of international regulations on common protocols and communication
standards for satellite modems is the major restraining factor for the growth of the satellite
modem market.
Considering the nature of the offshore industry, satellite communications plays a crucial role in
ensuring a high level of operational efficiency at offshore exploration and production facilities.
This is especially critical in situations where companies are required to expand their exploration
and production activities further into remote regions, where satellite networks are often the
only feasible option for delivering reliable communication connectivity. To establish satellite
communication connectivity between remote locations and the head office, high-speed data
rate satellite modems are mainly deployed on offshore platforms.
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Break of primary participants in Satellite Modem Market was as mentioned below:
By Company Type: Tier 1 =15%, Tier 2 =45%, and Tier 3 =40%
By Designation: C-Level Executives=65%, Managers=25%, and Others =10%
By Region: North America =25%, Europe=55%, APAC=15%, and RoW =5%
Major players of Satellite Modem Market Report are: