The Wireless Data Radio Modem 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.
Ask for PDF Brochure @
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.
Request Free Sample Report:
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).
