The global satellite modem market is estimated to grow from US$ 403 million in 2021 to reach US$ 710 million by 2026; it is expected to grow at a CAGR of 12% from 2021 to 2026 according to Research and Markets.
The satellite modem market for MCPC modem is expected to grow at a higher CAGR from 2021 to 2026. The growth of this segment is attributed to the unparalleled channel efficiency offered by these modems, which is the core requirement of high-data-traffic applications, such as mobile communication, internet, and broadband services.
