Us IoT Modem Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
IoT Modem Market was valued at USD 5.21 Billion in 2022 and is projected to reach USD 19.57 Billion by 2030, growing at a CAGR of 18.04% from 2024 to 2030.
The US IoT Modem market has seen significant growth over recent years, driven by the increasing demand for connected devices and the expansion of smart home and industrial IoT applications. As the IoT ecosystem continues to evolve, modems play a crucial role in facilitating high-speed, reliable communication between devices. The growing use of smart devices, from home automation systems to industrial equipment, has created a surge in the demand for modems capable of handling massive amounts of data.
IoT modems are designed to ensure stable connectivity, whether in urban environments with dense device networks or in remote areas where traditional broadband may be limited. These modems utilize a range of connectivity technologies, including cellular networks, Wi-Fi, and even satellite communication, to provide versatile solutions for various applications. The rise of 5G technology has also revolutionized the IoT modem market, providing faster speeds, lower latency, and enhanced capacity for IoT networks.
In addition to smart homes, the industrial IoT (IIoT) sector is a major driver of modem demand. Industries such as manufacturing, healthcare, agriculture, and logistics rely heavily on IoT technology for real-time monitoring, asset tracking, and predictive maintenance. The ability to quickly and securely transmit data between devices is crucial for these industries to operate efficiently and maintain a competitive edge. This has pushed modem manufacturers to innovate, focusing on durability, low power consumption, and support for higher data rates.
The market is also seeing advancements in the form of more compact and energy-efficient modems, designed to cater to a wide range of use cases, from small-scale consumer applications to large-scale industrial systems. As IoT applications continue to proliferate, the need for robust and efficient modems will only increase, driving further investments in research and development.
As businesses and consumers increasingly embrace IoT technologies, the US IoT Modem market is poised for continued expansion. The shift towards 5G and the increasing importance of data-driven decision-making across industries are expected to propel market growth even further. With IoT systems becoming a fundamental part of daily life, the demand for high-performance modems that can keep up with these advancements remains critical. The market will likely see continued innovation, with companies focusing on creating more sophisticated modems that support emerging technologies like artificial intelligence (AI) and machine learning (ML) in IoT networks.
Get an In-Depth Research Analysis of the Global IoT Modem Market Size And Forecast [2025-2032]
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Qualcomm
Laird Connectivity
Global Telecom
Webdyn
E-Lins
MediaTek
ThurayaIP
Digi International
Thales Group
Teltonika Networks
MultiTech
Innovelec
OKSA Automation
Hytera
Connected Scada
WM Systems
Jinan USR
Murata
Bivocom
Robustel
Siretta
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global IoT Modem Market
Wired IoT Modems
Wireless IoT Modems
Smart Home Devices
Automotive
Healthcare
Industrial Automation
Agriculture
Smart Cities
Consumer Electronics
Transportation and Logistics
Energy and Utilities
Manufacturing
Telecommunications
Cellular Technology
LPWAN Technology
Satellite Technology
Embedded Modems
External Modems
USB Modems
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global IoT Modem Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global IoT Modem Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global IoT Modem Market, By Type
6. Global IoT Modem Market, By Application
7. Global IoT Modem Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global IoT Modem Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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