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Viasat, Inc. and Comtech Telecommunications Corp. holds a significant share of over 30% in the market. Viasat, Inc. is a global communications company that provides satellite-based internet and networking services to residential, commercial, and government customers. The company offers a wide range of satellite modems and related equipment tailored for various applications, including broadband internet access, in-flight connectivity, military communications, and more. With its extensive experience and innovative solutions, Viasat plays a significant role in shaping the satellite communication landscape and driving growth in the modem market.
Major players, such as Hughes Network Systems, Viasat, Inc., Gilat Satellite Networks Ltd., and Comtech Telecommunications Corp., are constantly implementing strategic measures, such as geographical expansion, acquisitions, mergers, collaborations, partnerships, and product or service launches, to gain market shares.
Major players operating in the satellite modem industry are:
AYECKA Ltd., Datum Systems, Gilat Satellite Networks Ltd., Hughes Network Systems, ND SATCOM, NOVELSAT, ORBCOMM Inc., SatixFy, ST Engineering, Teledyne Technologies, Viasat, Inc., and WORK Microwave GmbH, are some of the major satellite modem companies worldwide.
North America held a significant share of over 30% in the global market in 2023, due to the investments in space exploration, satellite communication infrastructure, and military applications in the region.
The military & defense segment recorded over 25% share in 2023 due to its increasing importance in military operations such as command & control, intelligence gathering, and situational awareness.
Satellite modem market size crossed USD 490 million in 2023 and is expected to register over 9.5% CAGR from 2024-2032 owing to its applications in variety of industries including internet access, telecommunication, remote sensing, and broadcasting worldwide.