Cellular Modems - Global Strategic Business Report

The global market for Cellular Modems was estimated at US$5.6 Billion in 2024 and is projected to reach US$15.0 Billion by 2030, growing at a CAGR of 17.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Cellular Modems market.

Global Cellular Modems Market - Key Trends & Drivers Summarized

How Are Cellular Modems Transforming Connectivity?

Cellular modems have become a crucial component in modern communication systems, enabling seamless internet access across various devices, industries, and geographies. These devices use mobile networks such as 4G LTE and 5G to provide wireless connectivity, eliminating the dependence on fixed broadband solutions. The rapid expansion of IoT (Internet of Things) applications, smart cities, and remote work environments is driving the demand for high-performance cellular modems. With advancements in mobile network infrastructure and the widespread deployment of 5G technology, cellular modems are offering higher speeds, lower latency, and greater reliability. Industries such as transportation, healthcare, and manufacturing are integrating cellular modems into their operations to enhance real-time data communication and automation. As connectivity demands grow, cellular modems are playing a pivotal role in enabling a more interconnected world.

Why Is the Demand for Cellular Modems Increasing?

The increasing adoption of IoT devices and smart technologies is one of the primary drivers of the cellular modem market. From connected vehicles to industrial automation and smart home devices, cellular modems enable uninterrupted data transmission, ensuring seamless connectivity across a range of applications. The growing number of remote and mobile workforces has also fueled demand for high-speed and portable internet solutions, further boosting the market. Additionally, the rollout of 5G networks has significantly enhanced the capabilities of cellular modems, making them a preferred choice for businesses and consumers seeking high-bandwidth, low-latency communication solutions. Governments and enterprises are investing heavily in digital infrastructure, further accelerating the adoption of cellular modems across sectors such as finance, logistics, and agriculture.

Which Regions Are Leading the Cellular Modem Market?

North America leads the cellular modem market, driven by the rapid adoption of advanced communication technologies and the strong presence of network providers. The United States, in particular, is at the forefront of 5G deployment, enabling businesses and consumers to leverage high-speed cellular connectivity. The growing demand for IoT solutions and smart infrastructure is further propelling market growth in the region. Europe is also witnessing significant adoption, with countries like Germany, the UK, and France investing in smart city projects and digital transformation initiatives. Meanwhile, the Asia-Pacific region is experiencing rapid growth due to increasing smartphone penetration, expanding industrial automation, and the rising adoption of connected devices in emerging markets such as China, India, and Japan. With strong government support for digitalization, these regions are expected to drive substantial market expansion in the coming years.

What Are the Key Factors Driving Market Growth?

The growth in the Cellular Modems market is driven by several factors, including the expansion of 5G technology, the proliferation of IoT applications, and the increasing need for reliable, high-speed wireless connectivity. Businesses and consumers are looking for flexible and scalable solutions that provide seamless internet access, making cellular modems an essential component in various industries. Moreover, advancements in modem chipsets, AI-powered network optimization, and cloud-based connectivity solutions are enhancing the performance and efficiency of cellular modems. As industries continue to embrace digital transformation and remote connectivity solutions, the demand for high-performance cellular modems is expected to grow, shaping the future of global communication and network infrastructure.

Scope of Study:

The report analyzes the Cellular Modems market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Type (Embedded Cellular Modems, Box Portable Cellular Modems); Technology (2G Technology, 3G Technology, 4G Technology, 5G Technology, LPWAN Technology)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Embedded Cellular Modems segment, which is expected to reach US$9.5 Billion by 2030 with a CAGR of a 21.6%. The Box Portable Cellular Modems segment is also set to grow at 12.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $1.5 Billion in 2024, and China, forecasted to grow at an impressive 24.9% CAGR to reach $3.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Cellular Modems Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Cellular Modems Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Cellular Modems Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Advantech Co., Ltd., Apple Inc., Belkin International, Inc., Cavli Wireless, Cisco Systems, Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 34 companies featured in this Cellular Modems market report include:

• Advantech Co., Ltd.
• Apple Inc.
• Belkin International, Inc.
• Cavli Wireless
• Cisco Systems, Inc.
• Digi International Inc.
• D-Link Corporation
• Eagle Electronics
• Huawei Device Co., Ltd.
• InHand Networks
• Lantronix, Inc.
• MediaTek Inc.
• Moxa Inc.
• Multi-Tech Systems, Inc.
• NETGEAR
• Peplink
• PUSR (USR IOT)
• Qualcomm Technologies, Inc.
• Robustel
• Sierra Wireless

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.