The wireless data radio modem market is expected to be worth USD 724.1 million by 2023, at a CAGR of 4.03% between 2018 and 2023. The growth of the wireless data radio modem market is driven by the growing demand for radio modems in agricultural drones and surveys, dominance of radio modems in SCADA and telemetry applications, and low operational costs and more power-efficiency of private radio networks using radio modems. Moreover, increase in the number of exemptions for the use of UAV drones in the commercial applications is one of the major opportunities for the growth of the market.
General-purpose wireless data radio modems are expected to hold a larger size of wireless data radio modem market in North America between 2018 and 2023. North America ranks first in terms of the deployment of various intelligent transportation systems (ITS), such as advanced transportation management systems, advanced traveler information systems, ITS-enabled pricing systems, and commercial vehicle operations. The US is the major country driving the growth of the market in this region.
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The UAV drone wireless data radio modem market for long range is expected to grow at a higher CAGR during the forecast period. The long-range radio data modem for 910 MHz/2.4 GHz is designed with the unmatched radio frequency (RF) performance and for extremely robust long-range frequency hopping. It is the most robust and cost-effective means of the industry for providing embedded long-range data communications between industrial serial communication devices.
Among the major APAC countries, the wireless radio data modem market in India is expected to exhibit highest CAGR between 2018 and 2023. The manufacturing sector contributes ~15% to the overall GDP of India. The Indian Government intends to increase this contribution further by adopting advanced industrial automation technologies and improved infrastructure. The “Make in India” initiative has already encouraged several major corporations to invest in the Indian manufacturing sector, which helps drive the wireless data radio modem market in the country.
