Radio Modem Market Size, Share and Growth Analysis
Radio Modem Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, Radio Modem Market was valued at USD xx billion in 2017 and projected to reach USD xx billion by 2022 growing at a CAGR of xx% during the forecast period 2017 to 2022.
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Radio Modem Market Growth Drivers and Restraints:
Profitability and loyalty are the main drivers of the growth of the global radio modem market. Other factors that drive the growth of the global radio modem market are individual and private networks and minimum infrastructure requirements. In addition, an ITS needs wireless communications to improve its system and implement smaller, cheaper and more flexible wireless networks. In addition, the increase in public spending on the implementation of different ITS systems, such as advanced transport management systems, electronic toll systems, etc., could increase the growth of the global radio modem market.
Geographical Analysis of Radio Modem Market:
North America is expected to dominate the global market for radio modems. In North America heavy vehicles and four-wheel vehicles are widely used, resulting in an increasing demand for an efficient transportation system in this region. The Asia-Pacific region is expected to experience rapid growth in the implementation of intelligent transit systems. It is expected that several factors, such as increased income, population growth in metropolitan areas and economic growth, cause variations in transport problems in the global radio modem market.
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Key Players of Radio Modem Market:
The major players of the global radio modem market include B&B Electronics Manufacturing Co., Arada Systems, Inc., Autotalks Ltd., Adeunis RF, Campbell Scientific Inc., and ATIM Radiocommunications. The other prominent players of the global radio modem market are Wood & Douglas Limited, Motorola Solutions, Inc., Satel Oy, Cohda Wireless, Schneider Electric SE, Q Free ASA, and Kapsch TrafficCom AG.
Radio Modem Market Segmentation:
By Type:
- License-free frequency
- UHF
- Wi-Fi
- VHF
By Application:
- Government & Defense
- Transportation
- Electronic and Electricity
- Mining & Oil
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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