According to
the new market research report "Wireless
Data Radio Modem Market by Product (General-Purpose Data Modem (Application: SCADA &
Telemetry, Precision Farming), UAV Drone Data Modem (Application: Precision
Farming, Transportation)), Operating Range, and Geography - Global Forecast to
2023", this market is expected to grow from USD 594.4
Million in 2018 to USD 724.1 Million by 2023, at a CAGR of 4.03% between 2018
and 2023.
The growth
of the wireless data radio modem market is driven by the growing demand for
radio modems in agricultural drones and surveys, dominance of radio modems in
SCADA and telemetry applications, and low operational costs and more
power-efficiency of private radio networks using radio modems. Moreover,
increase in the number of exemptions for the use of UAV drones in the
commercial applications is the major opportunity for the growth of the market.
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General-purpose
wireless data radio modems expected to hold larger size of wireless data radio
modem market between 2018 and 2023
The long
life cycle of radio modems in the enterprise, due to dedicated spectrum and
longer battery life, is expected to propel the growth of the general-purpose
radio modem market during the forecast period. Moreover, the demand for radio
modems is increasing as these modems require minimal infrastructure for
facilitating communication and ensuring the delivery of data, in the form of
voice and video, in the most cost-effective and reliable manner.
Wireless
data radio modem market for long range to grow at higher CAGR between 2018 and
2023
The
long-range wireless radio data modem for 910 MHz/2.4 GHz is designed with
unmatched radio frequency (RF) performance and for extremely robust long-range
frequency hopping. It is the most robust and cost-effective means of the
industry for providing embedded long-range data communications between
industrial serial communication devices.
Wireless
data radio modem market in APAC to grow at highest CAGR between 2018 and 2023
This report
segments the market into North America, Europe, Asia Pacific (APAC), and Rest
of the World (RoW). The growth of the wireless data radio modem market in APAC
is attributed to the increasing adoption of radio modems with the development
of the transportation infrastructure, and mining and utilities industries in
the region. The major countries in APAC such as India and China have started
recognizing ITS as a crucial tool to solve social, economic, and environmental
problems caused by traffic congestion, air pollution, and increased greenhouse
gas emissions.
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The major
players in the wireless data radio modem market include SATEL OY (Finland),
Motorola Solutions (US), Schneider Electric (France), Digi International (US),
Pacific Crest (US), Advantech B+B SmartWorx (US), FreeWave Technologies (US),
Cohda Wireless (Australia), Campbell Scientific (US), and Harris Corporation
(US).
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