Mobile Broadband Modem Market Report 2026

The mobile broadband modem market size has grown rapidly in recent years. It will grow from $27.79 billion in 2025 to $30.92 billion in 2026 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to early 3g network deployment, rising laptop and pc penetration, increasing mobile workforce, growth of urban broadband demand, limited fixed broadband availability.

The mobile broadband modem market size is expected to see rapid growth in the next few years. It will grow to $46.8 billion in 2030 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to rapid 5g rollout, expansion of iot devices, increasing demand for smart transportation, adoption of edge computing, growing digitalization of healthcare. Major trends in the forecast period include increasing adoption of portable hotspot devices, growth of multi-network compatible modems, expansion in rural and remote connectivity, rise of subscription-based mobile internet plans, enhanced security features in mobile modems.

The growing adoption of Internet of Things (IoT) connected devices is anticipated to drive the expansion of the mobile broadband modem market in the coming years. IoT connected devices include a network of interconnected tools such as smartphones, sensors, wearables, smart home gadgets, and security cameras that communicate and exchange data over the internet without human input. The demand for these devices is on the rise due to the increasing need for real-time data, as they boost operational efficiency, allow for remote monitoring, and support smarter decision-making across various sectors. Mobile broadband modems play a crucial role by offering stable and high-speed wireless connectivity, making them particularly suitable for remote and mobile environments. These modems facilitate seamless data exchange and real-time communication among devices, thereby enhancing the effectiveness and functionality of IoT systems. For example, in September 2024, IoT Analytics, a Germany-based research firm specializing in IoT market analysis, reported that the number of connected IoT devices rose to 16.6 billion in 2023, marking a 15% increase from 14.4 billion in 2022. Thus, the rising usage of IoT connected devices is fueling the growth of the mobile broadband modem market.

Key players in the mobile broadband modem market are concentrating on the development of cutting-edge technologies, such as advanced carrier aggregation (CA), to increase network speeds, boost data throughput, and deliver more reliable and efficient connectivity. Advanced carrier aggregation enables the combination of multiple frequency bands to enhance data speeds and network capacity in mobile broadband networks. For instance, in May 2025, MediaTek Inc., a semiconductor company based in Taiwan, introduced the T930 chipset designed for 5G fixed wireless access (FWA) and mobile Wi-Fi (Mi-Fi) applications. This chipset includes support for advanced carrier aggregation, offering high integration and excellent power efficiency. It supports sub-6GHz frequency bands to enable widespread 5G adoption and provides ultra-fast 5G speeds of up to 10 Gbps.

In January 2023, Semtech Corporation, a US-based company specializing in semiconductors and IoT systems, acquired Sierra Wireless Inc. for $1.2 billion. This acquisition enhances Semtech’s IoT portfolio by incorporating Sierra Wireless’s cellular connectivity solutions. Sierra Wireless Inc., a Canada-based wireless communication company, is known for its expertise in designing and manufacturing mobile broadband modems and IoT connectivity technologies.

Major companies operating in the mobile broadband modem market are Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Intel Corporation, Qualcomm Incorporated, Broadcom Inc., MediaTek Inc., Motorola Solutions Inc. (or Motorola Mobility LLC depending on the division), TP-Link Technologies Co. Ltd., Quectel Wireless Solutions Co. Ltd., Netgear Inc., Teltonika Networks UAB, Semtech Corporation, Cradlepoint Inc., Telit Cinterion, Inseego Corp., D-Link Corporation, Multi-Tech Systems Inc., Sequans Communications S.A., Peplink International Ltd., Bivocom Technologies Co. Ltd., Pantech Co. Ltd.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have influenced the mobile broadband modem market by increasing the cost of imported components such as semiconductors, chipsets, and wireless modules. This has impacted production and pricing strategies, particularly affecting USB and embedded modem segments in regions like asia-pacific and europe, which rely heavily on global supply chains. While tariffs pose cost challenges, they have also encouraged local manufacturing investments and development of more efficient, cost-optimized modem solutions, indirectly benefiting domestic production capabilities.

The mobile broadband modem market research report is one of a series of new reports that provides mobile broadband modem market statistics, including the mobile broadband modem industry global market size, regional shares, competitors with the mobile broadband modem market share, detailed mobile broadband modem market segments, market trends, and opportunities, and any further data you may need to thrive in the mobile broadband modem industry. This mobile broadband modem market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

A mobile broadband modem is a device that connects computers or other gadgets to the internet via cellular networks like 3G, 4G, or 5G. Its main function is to offer wireless internet access while on the move, allowing users to stay connected without depending on fixed broadband connections. It is commonly available as a USB dongle, built-in module, or portable hotspot.

The primary types of mobile broadband modems include USB modems, embedded modems, wireless modems, and others. USB modems are portable devices that connect to a computer or host through a USB port to provide internet access using cellular networks. The product categories include 4G LTE modems, 5G NR modems, dual-mode 4G/5G modems, among others. These modems are used in consumer electronics, enterprise networks, public safety, healthcare, transportation, and more. Distribution channels comprise online stores, offline stores, and other outlets. The key end-users are mobile network operators, cable and satellite providers, wholesale internet service providers, fixed internet service providers, and others.North America was the largest region in the mobile broadband modem market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile broadband modem market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mobile broadband modem market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The mobile broadband modem market consists of sales of satellite mobile broadband modems, portable Wi-Fi hotspot devices (MiFi), router-based modems with SIM card slots, and industrial or enterprise modems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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