Cellular Modem Market Share

APAC Market Forecast

Asia Pacific cellular modem market is projected to hold 35% of the revenue share by 2037. The growth of the market in this region is set to be influenced by rising investment in smart cities. For instance, compared to the earlier estimate of USD 0.000205 Billion, which included less than half of government funding and the remaining amount coming from internal and external sources as well as other central government schemes, the overall cost of these SCM projects is USD 17.92 Billion in India. Additionally, the middle class population is also growing in this region which is spending on consumer electronics further boosting market growth in this region.

North American Market Analysis

North American cellular modem market is also projected to have notable growth during the forecast period. This growth is set to be influenced by rising demand for wearables. Additionally, the implementation of online education is also growing. New learning platforms and delivery strategies have grown as a result of the upheaval in the education sector brought about by the advent of online learning in this region. Online learning has become more and more popular lately since it is affordable, flexible, and accessible. Therefore, the market growth in North America is estimated to observe growth.