The wireless
data radio modem market is expected to reach USD 724.1 Million by 2023
from USD 594.4 Million in 2018, at a CAGR of 4.03% during the forecast period.
The growth of this market is fueled 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.
This report covers the wireless data radio modem market segmented on the
basis of product type, operating range, product type-specific application, and
geography. In terms of operating range, the market for long range is expected
to grow at the highest CAGR between 2018 and 2023. The long range (LoRa)
technology is particularly ideal for many applications because of its
long-range capability. Long-range radio modems often provide extended
line-of-sight (LoS) coverage compared to higher frequency communications and
are used when operators require operations over the distance larger than
ultrahigh-frequency (UHF) range.
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Brochure:
General-purpose wireless data radio modem is
expected to hold a larger share of the market during the forecast period. 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.
The UAV drone wireless data radio modem market for precision farming
application is expected to grow at the highest CAGR during the forecast period.
UAVs are a natural progression from macro- to micro-farming and large- to
small-scale farms. Drones equipped with radio modems have a large number of
applications in the agriculture sector, including seeding, spraying, and
livestock farming. Thus, the use of radio modems operating at unlicensed UHF
and VHF bands in unmanned aircraft systems have now become a valuable
agricultural decision-making tool.
APAC is expected to hold the largest share of
the wireless data radio modem market. The rapid increase in industrialization
in the emerging economies such as China and India in this region during the
past several years is a major factor contributing to the growth of the market
in APAC. Also, the growing capital expenditure by the governments of these
developing countries in ITS, smart grid, and mining and geo-exploration is
expected to propel the demand for wide area network (WAN) based on radio modems
during the forecast period.
Some of the restraints for the studied market
are the requirement of high initial investment, and stiff competition from the
alternatives such as Sigfox, LoRa, and NB–IoT.
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The companies that are profiled in the report
are Intuicom (US), 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), Harris Corporation (US), Pro4 Wireless (Sweden),
SIMREX Corporation (US), Wood & Douglas (UK), GE Grid Solutions (US), JAVAD
GNSS (US), ABB (Switzerland), Harxon Corporation (China), Adeunis (France),
ATIM Radiocommunications (France), Encom Wireless (Canada), Microhard Systems
(Canada), and Arada Systems (US).
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
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