Cellular Modem Market Analysis

Type (Embedded Modems, USB Modems/Dongles, Wireless Hotspots/Routers, Peripheral Component Interconnect Express [PCIe] Modems)

The embedded modems segment in the cellular modem market is anticipated to hold 30% of the revenue share during the forecast period. One essential part of embedded systems is embedded modems. They provide interaction between gadgets and other networked devices in addition to the internet. They relieve PCB designers of the task of building an embedded cellular modem from start to finish, freeing them up to concentrate on specifics unique to their particular device. In vending machines and kiosks, integrated modems are frequently used. Products and services are dispensed via self-service machines such as vending machines and kiosks. Usually, cash, debit cards, or credit cards are accepted for payment. With the aid of an integrated modem, some vending machines and kiosks may additionally provide internet access. Self-service kiosks and vending machines are proliferating as companies look for methods to offer self-service alternatives. They frequently take the place of conventional customer care agents, saving businesses money on labor expenses. Also, embedded modems are used in security goods and surveillance systems to monitor and safeguard individuals, assets, and property. To gather data, they usually make use of a network of cameras and sensors. After collection, data is sent to a central location for observation.

Technology (2G, 3G, 4G LTE, 5G, NB-IoT)

The 4G LTE segment in the cellular modem market is expected to generate the highest revenue share of about 35% in the coming years. The major element for the growth of this segment is the rising penetration of the internet. Over 4 billion people used the internet as of January 2024, making up about 65 percent of the world's population. Furthermore, the need for quicker and more dependable connections is on the rise due to the increased reliance on bandwidth-intensive applications including online gaming and cloud services, which makes 4G LTE modems the recommended option. Furthermore, 4G networks provide broad coverage across a wide range of locations, including both urban and rural ones. Users can stay connected even in isolated areas without access to wired Internet infrastructure as a result of its coverage.

Our in-depth analysis of the global cellular modem market includes the following segments: