A satellite modem or satmodem is used for data transfers using a communication satellite as a relay. There are a range of satellite modems, from cheap devices for home internet access to expensive multifunctional equipment for industrial use.

Major drivers of the satellite modem market are new and continuous innovations. Rising need for high-speed data communication is also driving the satellite modem market and the main factor impacting this market is demand for satellite communication from various verticals. Satellite communication technology is growing fast and there are new scope of opportunities.

The factor restraining this market is lack of international regulations on common protocols and communication standards for satellite modems. It is vital to have a set of regulations for end users. New opportunities exist in rising demand for satellite communication in internet of things and conjunction of satellite and mobile technologies.

Though this is a growing market, it is unable to meet the demand for high bandwidth application. This technology is used especially in critical situations where industries are required to expand their exploration and production activities further into remote regions.

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The satellite modem market is segmented on the basis of channel type, data rate, application, end user, and by region. There are two channels: single channel per carrier (SCPC) satellite modem and multiple channel per carrier (MCPC) satellite modem.