Dublin, March 16, 2022 (GLOBE NEWSWIRE) -- The "Global Wireless Data Radio Modem Market (2021-2026) by Product Type, Operating Range, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Wireless Data Radio Modem Market was estimated to be USD 663.54 million in 2021 and is expected to reach USD 815.09 million by 2026, growing at a CAGR of 4.2%.
Market Dynamics
Wireless data radio modems are well suited for SCADA and telemetry applications in small and medium process industries due to lower operational costs and greater dependability in line-of-sight wireless connections. The factors such as greater extensibility, reduced cost and time, mobility, ease of installation, and improved efficiency have prompted the demand of the global wireless data radio modem market. The rising demand for industrial automation, transportation, and supportive government programs will also lead to the market's growth. However, factors such as network signals that are subject to a wide variety of interference may obstruct market growth.
Rising adoption in emerging economies is expected to generate untapped opportunities for market participants.
Market Segmentation
- The Global Wireless Data Radio Modem Market is segmented further based on Product Type, Operating Range, and Geography.
- By Product Type, the market is classified into Wireless Data Radio Modem & UAV Drone Data Modem.
- By Operating Range, the market is classified as Short Range and Long Range.
- By Geography, APAC is projected to lead the market.
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Report Highlights:
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 The Surge in Need for Telemetry & Scada Applications
4.1.2 Developing Wireless Technology
4.1.3 Increase in Demand for Radio Modem in Various Industries
4.2 Restraints
4.2.1 Requirement of High Initial Investment
4.2.2 Increased Chance of Jamming
4.3 Opportunities
4.3.1 Increasing Government Spending
4.3.2 Increase in Use of Unmanned Aerial Vehicle Drone
4.4 Challenges
4.4.1 Rising Availability of Substitutes such as LoRa, Sigfox
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Wireless Data Radio Modem Market, By Product Type
6.1 Introduction
6.2 General-Purpose Data Modem
6.2.1 SCADA & Telemetry
6.2.2 Mining & Geo-Exploration
6.2.3 Precision Farming
6.2.4 Transportation
6.2.5 Machine Control
6.2.6 Others
6.3 UAV Drone Data Modem
7 Global Wireless Data Radio Modem Market, By Operating Range
8 Global Wireless Data Radio Modem Market, By Geography
9 Competitive Landscape
10 Company Profiles
- ATIM Radiocommunications
- ABB
- Advantech
- Campbell Scientific
- Cohda Wireless
- Digi International
- Encom Wireless
- Encom Wireless
- FreeWave Technologies
- GE Grid Solutions
- Harxon
- Intuicom
- Javad Gnss
- Microhard Systems
- MotoRola Solutions
- Pacific Crest
- Raveon Technologies
- SATEL
- Schneider Electric
- Simrex
For more information about this report visit https://www.researchandmarkets.com/r/cmz2w
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