Dublin, Jan. 03, 2025 (GLOBE NEWSWIRE) — The “Radio Modem – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Radio Modem was estimated at US$237.3 Million in 2023 and is projected to reach US$418.1 Million by 2030, growing at a CAGR of 8.4% from 2023 to 2030.
The growth in the radio modem market is driven by increased demand for reliable, long-distance communication solutions, particularly in remote and challenging environments. With industries such as utilities, agriculture, and transportation becoming more data-driven, the need for real-time communication in locations where cellular or wired internet connections are impractical has surged. Radio modems provide a cost-effective solution that enables continuous data flow across vast distances, an essential requirement for the monitoring and automation of infrastructure and equipment. Additionally, the expansion of IoT (Internet of Things) technology has fueled demand for radio modems, as IoT networks often require low-power, wide-area communication options that are well-suited to radio modem capabilities.
Advancements in wireless communication technologies have also contributed to the growing market, with modern radio modems offering improved data transmission speeds, greater reliability, and enhanced security features. Furthermore, regulatory support in many countries for the development of smart infrastructure, smart agriculture, and Industry 4.0 has incentivized companies to adopt radio modem technology. Finally, as more companies aim to reduce operational costs and optimize remote site management, the scalability and low maintenance requirements of radio modems make them an appealing choice. These drivers collectively underscore the importance of radio modems in supporting industry digitization and enhancing connectivity in remote or hard-to-reach locations.
Scope of the Study
The report analyzes the Radio Modem market, presented in terms of market value (US$). The analysis covers the key segments outlined below.
Segments
- Operating Range (Short, Long)
- Application (Vehicle-to-Infrastructure, Traffic Management Systems, Electronic Fee Collection, Vehicle-to-Vehicle, Emergency management Systems, Other Applications)
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Short Operating Range Radio Modem segment, which is expected to reach US$299.1 Million by 2030 with a CAGR of a 8.9%. The Long Operating Range Radio Modem segment is also set to grow at 7.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $62.1 Million in 2023, and China, forecasted to grow at an impressive 12.4% CAGR to reach $105.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Radio Modem Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Radio Modem Market such as Adeunis RF, Arada Systems Inc., Atim Radiocommunications, Autotalks Ltd., B&B Electronics MFG and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 33 companies featured in this Global Radio Modem Market report include:
- Adeunis RF
- Arada Systems Inc.
- Atim Radiocommunications
- Autotalks Ltd.
- B&B Electronics MFG
- Campbell Scientific Inc.
- Cohda Wireless
- Commsignia Ltd.
- Encom Wireless Data Solutions
- Harris Corporation
- Intuicom Inc.
- Kapsch Trafficcom AG
- Motorola Solutions, Inc.
- Pro4 Wireless
- Q-Free ASA
- Satel OY
- Savari Inc.
- Schneider Electric Se
- Simrex Corporation
- Wood & Douglas Limited
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 89 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $237.3 Million |
| Forecasted Market Value (USD) by 2030 | $418.1 Million |
| Compound Annual Growth Rate | 8.4% |
| Regions Covered | Global |
Key Topics Covered:
1. MARKET OVERVIEW
- World Market Trajectories
- Global Economic Update
- Radio Modem – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Growing Demand for Reliable Wireless Communication in Remote Locations Drives Adoption of Radio Modems
- Expansion of Smart City Infrastructure Spurs Need for Radio Modems in Urban Communication Networks
- Increasing Use of Radio Modems in Industrial Automation Enhances Real-Time Data Transfer Capabilities
- Rising Demand for Telemetry and SCADA Systems Propels Growth in Radio Modem Applications for Utilities
- Advancements in Digital Modulation Techniques Improve Efficiency and Range of Radio Modems
- Growth in IoT Deployments Across Agriculture Expands Market for Radio Modems in Precision Farming
- Increasing Demand for Uninterrupted Data Transmission in Emergency and Disaster Management Drives Market Growth
- Rising Adoption of Radio Modems in Oil & Gas Exploration for Remote Monitoring and Control
- Expansion of Military and Defense Applications Boosts Demand for Secure, High-Range Radio Modems
- Development of Low-Power Radio Modems Supports Growth in Battery-Powered and Remote Devices
- Growing Interest in M2M (Machine-to-Machine) Communication Drives Radio Modem Adoption in Industrial IoT
FOCUS ON SELECT PLAYERS
- Adeunis RF
- Arada Systems Inc.
- Atim Radiocommunications
- Autotalks Ltd.
- B&B Electronics MFG
- Campbell Scientific Inc.
- Cohda Wireless
- Commsignia Ltd.
- Encom Wireless Data Solutions
- Harris Corporation
- Intuicom Inc.
- Kapsch Trafficcom AG
- Motorola Solutions, Inc.
- Pro4 Wireless
- Q-Free ASA
- Satel OY
- Savari Inc.
- Schneider Electric Se
- Simrex Corporation
- Wood & Douglas Limited
For more information about this report visit https://www.researchandmarkets.com/r/36uyef
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
