US 5G Modem Market

Market Overview:

The US 5G modem market size reached US$ 32 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 255 Billion by 2032, exhibiting a growth rate (CAGR) of 26.10% during 2024-2032. The growing demand for high-speed internet connection, proliferation of Internet of Things (IoT), expansion of 5G infrastructure rapid technological advancements and continuous investment in research and development (R&D) initiatives represent some of the key factors driving the market.

A fifth-generation (5G) modem is a specialized electronic component that allows devices to connect to 5G wireless networks, offering speed, low latency, and enhanced capacity compared to its predecessors. It incorporates technologies such as beamforming, multiple-input multiple-output (MIMO), and carrier aggregation to facilitate high-speed data transfer. The various applications of 5G modems are vast and encompass consumer electronics like smartphones and laptops, autonomous vehicles, industrial Internet of Things (IIoT), and mission-critical services, such as healthcare and emergency response systems. The advantages of using a 5G modem include increased data speeds that make streaming and downloading quicker, reduced lag time for real-time applications, and the ability to connect more devices simultaneously. These modems also offer better security protocols, thereby improving data integrity and protecting against unauthorized access. A 5G modem is a linchpin for leveraging the full potential of 5G technology, offering both operational flexibility and performance gains.

US 5G Modem Market Trends:

The rapid expansion of 5G infrastructure in the country, enhancing the need for compatible modems, is one of the factors driving the market growth. Additionally, the growing demand for high-speed internet in remote working setups is creating a positive outlook for the market growth. Besides this, the proliferation of IoT devices that require seamless connectivity particularly evident in sectors, such as smart homes, industrial automation, and wearable technology, where the demand for reliable, fast internet connections is essential for optimal functionality and user experience is fueling the market growth. Moreover, the increasing prevalence of high-quality streaming and gaming services requiring fast network connectivity is also strengthening the market growth. Apart from this, rapid technological advancements in the automotive industry, particularly in autonomous vehicles, necessitate high-speed, low latency is positively impacting the market growth. In addition to this, the increasing federal incentives and regulations promoting 5G adoption to accelerate infrastructure development and create a conducive environment for businesses and consumers to transition to 5G technology more readily is supporting the market growth. In addition to this, the growing dependence of the healthcare sector on telemedicine and remote monitoring solutions, owing to the increasing need for real-time data transmission in medical consultations and critical care, is positively impacting the market growth. Furthermore, the rising demand for enhanced security protocols in financial and confidential transactions, making 5G modems highly desirable, is favoring the market growth. Moreover, the continuous investment in research and development (R&D) to improve modem functionality, including power efficiency and heat reduction, is providing remunerative growth opportunities for the market.

US 5G Modem Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the US 5G modem market report, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on modem type, mode, download speed, and application.

Modem Type Insights:

• Internal/Integrated
• External
   

The report has provided a detailed breakup and analysis of the market based on the modem type. This includes internal/integrated and external.

Mode Insights:

• Single-Mode
• Multimode
   

The report has provided a detailed breakup and analysis of the market based on the mode. This includes single-mode and multimode.

 Download Speed Insights:

• Up to 5 Gbps 
• Up to 6 Gbps
• More Than 6 Gbps
   

The report has provided a detailed breakup and analysis of the market based on the download speed. This includes up to 5 Gbps, up to 6 Gbps, and more than 6 Gbps.

Application Insights:

• Mobile and Tablets
• Wearable
• Automotive
• Virtual Reality
• Others
   

A detailed breakup and analysis of the market based on the application has also been provided in the report. This includes mobile and tablets, wearable, automotive, virtual reality, and others.

Regional Insights:

• Northeast
• Midwest
• South
• West
   

The report has also provided a comprehensive analysis of all the major regional markets, which include the Northeast, Midwest, South, and West.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

US 5G Modem Market Report Scope:

Key Questions Answered in This Report:

• How has the US 5G modem market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the US 5G modem market?
• What is the breakup of the US 5G modem market on the basis of modem type?
• What is the breakup of the US 5G modem market on the basis of mode?
• What is the breakup of the US 5G modem market on the basis of download speed?
• What is the breakup of the US 5G modem market on the basis of application?
• What are the various stages in the value chain of the US 5G modem market?
• What are the key driving factors and challenges in the US 5G modem?
• What is the structure of the US 5G modem market and who are the key players?
• What is the degree of competition in the US 5G modem market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the US 5G modem market from 2018-2032
• The research study provides the latest information on the market drivers, challenges, and opportunities in the US 5G modem market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the US 5G modem industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.