Cellular Modem Market Size is valued at USD 5.64 Billion in 2024 and is predicted to reach USD 32.84 Billion by the year 2034 at a 19.4% CAGR during the forecast period for 2025-2034.
A cellular modem enables electronic devices to access the Internet using cellular networks. This gadget uses the cellular network architecture to transmit data and communicate between the device and the network. These provide dependable and high-speed internet connectivity to various devices and systems, including smartphones, tablets, laptops, IoT devices, industrial machinery, automotive systems, and more. 5G cellular modems are in great demand due to the revolutionary changes in communication brought about by the advent of 5G technology in the past few years. Furthermore, the broad usage of telemedicine and other types of remote healthcare, as well as the increasing number of digital payments in the financial technology sector, are two aspects that present opportunities for the market to expand.
However, the market growth is hampered by the strict regulatory criteria for the safety and health of the cellular modem market and the product's inability to prevent fog in environments with dramatic temperature fluctuations or high cellular modems. Businesses and organizations installing IoT devices face significant difficulty in places with poor cellular network coverage, such as distant or rural areas.
The low population density and potentially difficult topography make it economically impracticable for telecommunication firms to construct cellular network infrastructure in these places. COVID-19 has become a major health issue on a global scale. As the virus spread rapidly, the government instituted lockdowns, quarantines, border restrictions, and the suspension of economic activities. The raw materials supply to multiple countries was negatively impacted as a consequence of the disruptions in the supply chain. Multiple annoyances have resulted from the numerous limitations, including quarantine protocols, border closures, and lockdowns.
The cellular modem market is segmented based on type, technology, and verticality. Based on type, the market is segmented into embedded cellular modems and box portable cellular modems. By technology, the market is segmented into 2G, 3 G,4G,5G, NB-IoT, and LTE-M. By vertical, the market is segmented into agriculture, automotive & transportation, smart cities, and healthcare.
The portable box cellular modem market is expected to hold a major global market share in 2022. Portable cellular modem inboxes are becoming more popular as the need for fast and dependable internet connections grows in many sectors and applications. These modems are a great option when looking for reliable internet connectivity but want to avoid dealing with complicated installations or a lot of wire. The rising popularity of online learning, telemedicine, and remote work has magnified the demand for reliable and fast Internet connections. Because of their plug-and-play feature, box portable cellular modems are ideal for short-term installations, outlying areas, and companies seeking simple ways to go online.
The healthcare industry makes up most of cellular modem usage because cellular modems are most commonly used for telemedicine and RPM. Patients in far-flung areas or those with long-term health issues can monitor their heart rate, blood pressure, and glucose levels using medical equipment with cellular modems. Patients benefit from better outcomes and fewer hospital readmissions since the data is sent to healthcare providers in real-time, especially in countries like the US, Germany, the UK, China, and India.
The North American cellular modem market is expected to record the maximum market revenue share in the near future. It can be attributed to the rapid development of the Internet of Things (IoT) and smart gadgets like smartphones, tablets, and wearables, which are becoming increasingly popular. In addition, Asia Pacific is estimated to grow rapidly in the global cellular modem market because of the proliferation of internet users and the fast growth of urban areas, particularly in areas where wired broadband connections are scarce.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 5.64 Billion |
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Revenue Forecast In 2034 |
USD 32.84 Billion |
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Growth Rate CAGR |
CAGR of 19.4% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type. Technology, Vertical |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Digi International Inc. (US), Sierra Wireless (Canada), Qualcomm Technologies, Inc. (US), D-Link Corporation (Taiwan); Huawei Device Co., Ltd. (China); TP-Link Corporation Limited. (China); Xiamen Technology Baima Co., Ltd (China); NETGEAR (US); Advantech Co., Ltd. (Taiwan); Cisco Systems, Inc. (US); Moxa Inc. (Taiwan); Multi-Tech Systems, Inc. (US); Belkin (US); Peplink (US); Robustel (China); LANTRONIX, INC. (US); InHand Networks (US); Motorola Mobility LLC (US); Bentek Systems (Canada); Campbell Scientific, Inc.(US); Red Lion (US); Shenzhen Wlink Technology Co., LTD. (China); Jinan USR IOT Technology Limited (China); Bivocom (China); Airgain, Inc.(US), CalAmp, Wlink Technology, and Others |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Cellular Modem Market Snapshot
Chapter 4. Global Cellular Modem Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Type Estimates & Trend Analysis
5.1. By Type, & Market Share, 2024 & 2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Type:
5.2.1. Embedded Cellular Modem
5.2.2. Box Portable Cellular Modem
Chapter 6. Market Segmentation 2: By Technology Estimates & Trend Analysis
6.1. By Technology & Market Share, 2024 & 2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Technology:
6.2.1. 2G
6.2.2. 3G
6.2.3. 4G
6.2.4. 5G
6.2.5. LPWAN
6.2.5.1. NB-IoT
6.2.5.2. LTE-M
Chapter 7. Market Segmentation 3: By Vertical Estimates & Trend Analysis
7.1. By Vertical & Market Share, 2024 & 2034
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Vertical:
7.2.1. Agriculture
7.2.2. Automotive & Transportation
7.2.3. Building Automation
7.2.4. Consumer Electronics
7.2.5. Energy & Utilities
7.2.6. Healthcare
7.2.7. Industrial/Manufacturing
7.2.8. Retail
7.2.9. Smart Cities
7.2.10. Others
Chapter 8. Cellular Modem Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Cellular Modem Market revenue (US$ Million) estimates and forecasts By Type, 2021-2034
8.1.2. North America Cellular Modem Market revenue (US$ Million) estimates and forecasts By Technology, 2021-2034
8.1.3. North America Cellular Modem Market revenue (US$ Million) estimates and forecasts By Vertical, 2021-2034
8.1.4. North America Cellular Modem Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
8.2. Europe
8.2.1. Europe Cellular Modem Market revenue (US$ Million) By Type, 2021-2034
8.2.2. Europe Cellular Modem Market revenue (US$ Million) By Technology, 2021-2034
8.2.3. Europe Cellular Modem Market revenue (US$ Million) By Vertical, 2021-2034
8.2.4. Europe Cellular Modem Market revenue (US$ Million) by country, 2021-2034
8.3. Asia Pacific
8.3.1. Asia Pacific Cellular Modem Market revenue (US$ Million) By Type, 2021-2034
8.3.2. Asia Pacific Cellular Modem Market revenue (US$ Million) By Technology, 2021-2034
8.3.3. Asia Pacific Cellular Modem Market revenue (US$ Million) By Vertical, 2021-2034
8.3.4. Asia Pacific Cellular Modem Market revenue (US$ Million) by country, 2021-2034
8.4. Latin America
8.4.1. Latin America Cellular Modem Market revenue (US$ Million) By Type, (US$ Million) 2021-2034
8.4.2. Latin America Cellular Modem Market revenue (US$ Million) By Technology, (US$ Million) 2021-2034
8.4.3. Latin America Cellular Modem Market revenue (US$ Million) By Vertical, (US$ Million) 2021-2034
8.4.4. Latin America Cellular Modem Market revenue (US$ Million) by country, 2021-2034
8.5. Middle East & Africa
8.5.1. Middle East & Africa Cellular Modem Market revenue (US$ Million) By Type, (US$ Million) 2021-2034
8.5.2. Middle East & Africa Cellular Modem Market revenue (US$ Million) By Technology, (US$ Million) 2021-2034
8.5.3. Middle East & Africa Cellular Modem Market revenue (US$ Million) By Vertical (US$ Million) 2021-2034
8.5.4. Middle East & Africa Cellular Modem Market revenue (US$ Million) by country, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Digi International Inc. (US),
9.2.2. Sierra Wireless (Canada),
9.2.3. Qualcomm Technologies, Inc. (US),
9.2.4. D-Link Corporation (Taiwan);
9.2.5. Huawei Device Co., Ltd. (China);
9.2.6. TP-Link Corporation Limited. (China);
9.2.7. Xiamen Baima Technology Co., Ltd (China);
9.2.8. NETGEAR (US);
9.2.9. Advantech Co., Ltd. (Taiwan);
9.2.10. Cisco Systems, Inc. (US);
9.2.11. Moxa Inc. (Taiwan);
9.2.12. Multi-Tech Systems, Inc. (US);
9.2.13. Belkin (US);
9.2.14. Peplink (US);
9.2.15. Robustel (China);
9.2.16. LANTRONIX, INC. (US);
9.2.17. InHand Networks (US);
9.2.18. Motorola Mobility LLC (US);
9.2.19. Bentek Systems (Canada);
9.2.20. Campbell Scientific, Inc.(US);
9.2.21. Red Lion (US);
9.2.22. Shenzhen Wlink Technology Co., LTD. (China);
9.2.23. Jinan USR IOT Technology Limited (China);
9.2.24. Bivocom (China);
9.2.25. Airgain, Inc.(US),
9.2.26. CalAmp,
9.2.27. Wlink Technology
9.2.28. Others
Segmentation of Cellular Modem Market-
Cellular Modem Market By Type-
Cellular Modem Market By Technology-
Cellular Modem Market By Vertical-
Cellular Modem Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
