The satellite modem market is experiencing strong growth due to the increasing adoption of satellite communication technologies across various sectors. The rise in demand for high-speed data connectivity and the growth of satellite networks, especially in military and defense applications, are major drivers. The market is also influenced by the increasing digitalization, particularly in the Internet of Things (IoT) sector. The use of satellite networks in military and defense applications has led to a heightened demand for sophisticated satellite modems that meet stringent security and performance criteria. The top players in this market include Gilat Satellite Networks, Hughes Network Systems, ORBCOMM, Novelsat, Comtech Telecommunications, Datum System, ST Engineering, Teledyne Technologies, Viasat, and Work Microwave.
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