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Global Radio Modem Market - Forecasts from 2021 to 2026

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    Report

  • 119 Pages
  • November 2021
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5510686
The global radio modem market is expected to grow at a compound annual growth rate of 8.48% over the forecast period to reach a market size of US$1,098.596 million in 2026 from US$621.427 million in 2019.



The global radio modem market is expected to attain great significance due to its rising demand in industrial as well as commercial sectors. Cost-effectiveness and increasing demand for wireless connectivity are expected to be the major growth driver of the global radio modem market.

Market Drivers


Cost-effectiveness and low infrastructure requirements are the major key factors that are responsible for the development of the global radio modem industry. The market is foreseen to grow on account of two main factors i.e., low infrastructure cost and privately owned networks. Radio modem devices are anticipated to gain high demand in the future because of advanced technology. Moreover, the wireless nature of these devices could make them more popular in the future.

The rise in demand for private networks for better management and quick communications to take quick and responsive decisions in transportation, construction, or at the time of difficulty is expected to increase the demand for wireless devices in the coming years.

The rising demand for wireless radio modems from industrial and commercial sectors is an essential factor accelerating the market growth, also increased usage of wireless data radio modem in surveillance, aerial photography, search and rescue operations in the law enforcement sector and rising usage of drones for numerous applications in agriculture such as spraying fertilizers, pesticides are the major factors for boosting the market.

North- America is expected to dominate the global radio modem market during the forecasted period due to the high requirement of an effective transportation system owing to the frequent usage of heavy automobiles and four wheelers.

Technological Development


The latest technological developments in this industry are also one of the major factors which are responsible for the market growth in the region. Intuicom, Inc. in September 2020, has developed a wireless solution and announced the release of the 200-PEU, an industrial grade radio that delivers critical wireless data communications in difficult RF environments and over long distances. It combines both dual Ethernet and Serial interfaces to bridge legacy equipment into the networked world of today.
  • LoRa (short for Long Range) a recently developed wireless modulation technique continues to gain attention in the marketplace. It offers a compelling mix of long range, low power consumption, deep indoor coverage, and secure data transmission. LoRa operates in the unlicensed < 1GHz frequency range. It uses spread spectrum technology so that adjacent transmitters are less likely to interfere with each other.

Development of transportation infrastructure


Globally countries are developing their communication infrastructure and are using a range of technologies to manage traffic signals, video cameras, and more. The demand for these connected components is increasing in the market owing to the growing intelligent transportation systems and connected vehicle technology which requires high availability of communication. Department of transportation teams across many countries are upgrading their traffic management infrastructure to ensure smooth traffic flow due to which there will be a high demand for wireless devices which is expected to increase the radio modem market during the forecasted period.

In sept. 2021, Western Systems has recently partnered with Caltrans District 12 to provide 188 Yunex Traffic roadside units (RSUs). Yunex Traffic V2I RSUs will provide wireless communication from roadside infrastructure to vehicle onboard units (OBUs) and to a central traffic command center.

Competitive Insights


The increasing demand for global radio modems has led to the entry of several new players in the global radio modem market. Now, to increase their clientele as well as increase their market share in the upcoming years, many of these market players have taken various strategic actions like partnerships and the development of novel solutions, which is expected to keep the market competitive and constantly evolving. Major market players like Scheider Electric and SATEL among others have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the global radio modem market.

Segmentation:


By Frequency

  • HF
  • UHF
  • VHF

By Communication Channel

  • Point to Point
  • Point to Multi-Point

By Application

  • Vehicle to Infrastructure Communication
  • Traffic Management System
  • Electronic Fee Collection
  • Emergency Management System

By Geography

  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • UK
  • Germany
  • Italy
  • Spain
  • Others
  • Middle East and Africa
  • Israel
  • Saudi Arabia
  • Others
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others
Frequently Asked Questions about the Global Radio Modem Market

What is the estimated value of the Global Radio Modem Market?

The Global Radio Modem Market was estimated to be valued at $621.43 million in 2019.

What is the growth rate of the Global Radio Modem Market?

The growth rate of the Global Radio Modem Market is 8.5%, with an estimated value of $1098.6 million by 2026.

What is the forecasted size of the Global Radio Modem Market?

The Global Radio Modem Market is estimated to be worth $1098.6 million by 2026.

Who are the key companies in the Global Radio Modem Market?

Key companies in the Global Radio Modem Market include Campbell Scientific Inc., Scheider Electric, SATEL, Simrex Corporation, Advantech B+B SmartWorx, Intuicom Inc., Atim Radiocommunications, Cohda Wireless and Arada Systems Inc..

Table of Contents

1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Radio Modem Market Analysis, By Frequency
5.1. Introduction
5.2. HF
5.3. UHF
5.4. VHF
6. Global Radio Modem Market Analysis, By Communication Channel
6.1. Introduction
6.2. Point to Point
6.3. Point to Multi-Point
7. Global Radio Modem Market Analysis, By Application
7.1. Introduction
7.2. Vehicle to Infrastructure Communication
7.3. Traffic Management System
7.4. Electronic Fee Collection
7.5. Emergency Management System
8. Global Radio Modem Market Analysis, By Geography
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. UK
8.4.2. Germany
8.4.3. Italy
8.4.4. Spain
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Israel
8.5.2. Saudi Arabia
8.5.3. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. India
8.6.4. Australia
8.6.5. South Korea
8.6.6. Taiwan
8.6.7. Thailand
8.6.8. Indonesia
8.6.9. Others
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles.
10.1. Campbell Scientific Inc.
10.2. Schneider Electric
10.3. SATEL
10.4. Simrex Corporation
10.5. Advantech co. ltd.
10.6. Intuicom Inc.
10.7. Atim Radiocommunications
10.8. Cohda Wireless
10.9. Harris Company

Companies Mentioned

  • Campbell Scientific Inc.
  • Scheider Electric
  • SATEL
  • Simrex Corporation
  • Advantech B+B SmartWorx
  • Intuicom Inc.
  • Atim Radiocommunications
  • Cohda Wireless
  • Harris Corporation
  • Arada Systems Inc.