Modem Market Report 2025 (Global Edition)

Global Modem Market Report 2025 Market Size Split by Product Type Outlook: (DSL Modem, Cable Modem, Others), by Application Outlook: (Household Application, Commercial Application), by Sales Channel O...

Modem Market Report Description

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Imapct of Trumph Tariff on Electronics and Electrical Industry

In 2025, global trade has entered a period of renewed volatility as the U.S., under President Donald Trump, introduced sweeping tariffs known as the Liberation Day Tariffs. Aimed at addressing trade imbalances and foreign supply chain dominance, the tariffs range from 10% on allies like Australia and the UK to 46% on Vietnamese goods and 34% on Chinese imports. A 25% universal tariff on steel, aluminum, and auto parts has further strained global trade ties. The electronics sector is among the hardest hit, particularly due to the escalating U.S.China trade war. Tariffs on Chinese goods now reach up to 145% in sectors like semiconductors and consumer electronics, while China has retaliated with up to 125% duties and restrictions on critical mineral exports. This has disrupted just-in-time supply chains and increased component costs.

Specific tariffs include 25% on semiconductors, 20% on lithium-ion batteries, and 10–15% on consumer electronics like laptops and tablets, leading to higher retail prices and reduced consumer demand. Sub-sectors such as home automation, computer hardware, communication electronics, medical devices, and industrial electronics are all under pressure due to rising input costs and supply chain delays. Companies are revisiting suppliers, shifting sourcing to countries like India, Mexico, and Vietnam, and redesigning products to avoid high-tariff components.

China remains a key player, contributing USD 119 billion in electronics exports to the U.S. in 2023. Even components routed through countries like Malaysia and Vietnam often rely on Chinese subparts, making the ripple effect of tariffs widespread. U.S. electronics firms operating on thin margins are seeing input costs rise 18–25%, with contract manufacturers in alternative regions facing capacity constraints.

Market research is now critical. It helps companies identify new suppliers, analyze cost trends, optimize product design, forecast demand shifts, and track regulatory changes. Tools like supplier mapping, BOM optimization, and scenario planning support strategic responses to ongoing disruptions. Leading firms like Apple and Dell are expanding production outside China, while others invest in digital supply chain tools and redesign products for cost resilience. In this evolving trade environment, firms that leverage research-driven strategies are better positioned to adapt and thrive.

Modem Market Insights Video

Competitive Landscape of the Modem Market

Major companies like Cisco Systems, Netgear, Huawei, TP-Link, and ARRIS dominate the fiercely competitive modem market. In order to satisfy changing customer demands, these businesses prioritize innovation and use cutting-edge technology like 5G and Wi-Fi 6/7. Additionally, there are niche and regional competitors in the industry that serve certain demands. To take advantage of new market opportunities and meet a range of connection needs, competitive strategies include product differentiation, alliances with ISPs, and affordable solutions.

In March 2023, Digi International Inc. (US) introduced the Digi XBee 3 Cellular LTE Cat 1 and Digi XBee 3 Cellular LTE-M/NB-IoT smart modems, expanding its line of Digi XBee 3 Global Cellular products. By providing IoT devices and gateways with secure and configurable cellular connectivity, these small and pre-certified modems save time and expenses on development. They support NB-IoT networks with 2G/3G backup, LTE Cat 1, and LTE-M. (Source:https://www.digi.com/company/press-releases/2023/new-global-cellular-lte-smart-modems) Qualcomm Technologies (US) released the Qualcomm X35 5G Modem-RF System in February 2023. It allows for smaller, more affordable, and longer-lasting devices by bridging the gap between low-bandwidth NB-IoT devices and high-speed mobile broadband devices. With its simplified architecture and exceptional power and thermal efficiency, the Snapdragon X35 enables a small form factor design that is ideal for small devices. (Source: https://www.qualcomm.com/news/releases/2023/02/qualcomm-introduces-the-world-s-first-5g-nr-light-modem-rf-system) In November 2022, Siemens Smart Infrastructure (Switzerland) and Qualcomm Technologies (US) collaborated to create innovative smart building automation technologies that use 5G private networks. To make the system more effective, safe, and economical, they deployed Qualcomm's Snapdragon X55 5G Modem-RF System. (Source: https://www.qualcomm.com/news/releases/2022/11/qualcomm-and-siemens-collaborate-on-5g-smart-building-networks)

Top Companies Market Share in Modem Industry: (In no particular order of Rank)

• Digi International Inc. (US)
• Sierra Wireless (Canada)
• Huawei Device Co.
• Ltd. (China)
• TP-Link Corporation Limited. (China)
• Qualcomm Technologies
• Inc. (US)
• D-Link Corporation (Taiwan)
• Xiamen Baima Technology Co.
• Ltd (China)
• NETGEAR (US)
• Moxa Inc. (Taiwan)
• Multi-Tech Systems
• Inc. (US)
• Advantech Co.
• Ltd. (Taiwan)
• Cisco Systems
• Inc. (US)
• Belkin (US)
• Peplink (US)
• InHand Networks (US)
• Motorola Mobility LLC (US)
• Robustel (China)
• LANTRONIX
• INC. (US)
• Bentek Systems (Canada)
• Campbell Scientific
• Inc.(US)
• Red Lion (US)
• Bivocom (China)
• Airgain
• Inc.(US)
• Shenzhen Wlink Technology Co.
• LTD. (China)
• Jinan USR IOT Technology Limited (China)
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Modem Market

Which Region Dominates the Modem Market in 2024?

According to Cognitive Market Research, North America currently dominates the Modem market, and the region is expected to have significant growth during the projected period. The rising internet penetration and need for cutting-edge connection solutions in North America are expected to propel the market for modems. Reliable, fast modems are now more important than ever due to the growing use of IoT devices, smart homes, and remote work technologies. Additionally, there are prospects for modem upgrades due to the expansion of fibre-optic infrastructure and the rollout of 5G networks throughout the US and Canada. To provide cutting-edge solutions, major regional companies make investments in research and collaborations with ISPs. North America's strong technology ecosystem and early adoption patterns make it a major driver of the expansion of the modem market.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Due to the region's growing internet infrastructure and quick digital transition, the modem industry is expected to increase significantly. Reliable, fast internet connectivity is becoming more and more necessary as the region adopts smart homes, IoT devices, and digital services. Advanced modems are becoming more and more necessary as nations like China, India, and Japan make significant investments in fibre-optic development and 5G networks. Demand in emerging economies is also being driven by the growing number of tech-savvy consumers and organizations looking for seamless connectivity. Asia Pacific is a major driver of the modem market's growth because of its sizable population, increasing urbanization, and widespread embrace of technology.

The current report Scope analyzes Modem Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Modem Market Analysis

<P>According to Cognitive Market Research, the global Modem market size was estimated at USD 6142.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2457.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.4% from 2024 to 2031.</P> <ul><li>According to Cognitive Market Research, the US had a major share in the Modem market with a market size of USD 1938.57 million in 2024 and is projected to grow at a CAGR of 15.2% during the forecast period. In the United States, reliable, fast internet connections are becoming more and more necessary as telecommuting, remote work, and online learning become more popular.\.</li> <li>The Canadian Modem market had a market share of USD 294.84 million in 2024 and is projected to grow at a CAGR of 16.2% during the forecast period. In Canada, the need for reasonably priced and dependable modems is being driven by government programs to improve internet connectivity in rural and remote areas.</li> <li>The Mexico Modem market is projected to witness growth at a CAGR of 15.9% during the forecast period, with a market size of USD 223.59 million in 2024.</li></ul>

Europe Modem Market Analysis

<p>According to Cognitive Market Research, the global Modem market size was estimated at USD 6142.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1842.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031.</P> <ul><li>The United Kingdom Modem market had a market share of USD 309.58 million in 2024 and is projected to grow at a CAGR of 16.5% during the forecast period. The UK's continuous fibre-optic internet rollout is increasing demand for compatible modems with increased dependability and better speeds.</li> <li>The France Modem market is projected to witness growth at a CAGR of 14.9% during the forecast period, with a market size of USD 169.53 million in 2024.</li> <li>According to Cognitive Market Research, the German Modem market size was valued at USD 364.86 million in 2024 and is projected to grow at a CAGR of 15.9% during the forecast period. In Germany, the need for high-speed modems to guarantee smooth operations is increased by the expanding use of digital technology in the manufacturing, healthcare, and educational sectors.</li> <li>The Italy Modem market is projected to witness growth at a CAGR of 15.1% during the forecast period, with a market size of USD 158.48 million in 2024.</li> <li>The Russian Modem market is projected to witness growth at a CAGR of 14.7% during the forecast period, with a market size of USD 285.63 million in 2024.</li> <li>The Spain Modem market is projected to witness growth at a CAGR of 14.8% during the forecast period with a market size of USD 151.11 million in 2024</li> <li>The Luxembourg Modem market is projected to witness growth at a CAGR of 15.8% during the forecast period, with a market size of USD 57.13 million in 2024.</li> <li>The Portugal Modem market is projected to witness growth at a CAGR of 15.5% during the forecast period, with a market size of USD 38.70 million in 2024.</li> <li>The Greece Modem market is projected to witness growth at a CAGR of 16.0% during the forecast period, with a market size of USD 22.11 million in 2024.</li> <li>The Rest of Europe's Modem market is projected to witness growth at a CAGR of 14.4% during the forecast period, with a market size of USD 285.63 million in 2024.</li></ul>

Asia Pacific Modem Market Analysis

<P>According to Cognitive Market Research, the global Modem market size was estimated at USD 6142.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1412.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.2% from 2024 to 2031.</P> <ul><li>According to Cognitive Market Research, the China Modem market size was valued at USD 635.75 million in 2024 and is projected to grow at a CAGR of 18.7% during the forecast period. Modems have surged in China due to China has the largest internet user population in the world, and as its demand for internet services and gadgets like smartphones and Internet of Things devices grows, so does the demand for modems.</li> <li>The Japan Modem market is projected to witness growth at a CAGR of 17.7% during the forecast period, with a market size of USD 194.96 million in 2024.</li> <li>The India Modem market had a market share of USD 169.53 million in 2024 and is projected to grow at a CAGR of 21.0% during the forecast period. In India, the demand for internet access is rising due to the increased usage of digital platforms for online shopping and education, which is driving the need for sophisticated modems.</li> <li>The South Korean Modem market is projected to witness growth at a CAGR of 18.3% during the forecast period, with a market size of USD 141.28 million in 2024.</li> <li>The Australian Modem market is projected to witness growth at a CAGR of 18.9% during the forecast period, with a market size of USD 73.46 million in 2024.</li> <li>The South East Asia Modem market is projected to witness growth at a CAGR of 20.2% during the forecast period, with a market size of USD 97.48 million in 2024.</li> <li>The Rest of Asia Pacific Modem market is projected to witness growth at a CAGR of 19.0% during the forecast period, with a market size of USD 100.31 million in 2024.</li></ul>

South America Modem Market Analysis

<P>According to Cognitive Market Research, the global Modem market size was estimated at USD 6142.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 307.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.6% from 2024 to 2031.</P> <ul><li>According to Cognitive Market Research, the Brazil Modem market size was valued at USD 131.45 million in 2024 and is projected to grow at a CAGR of 17.2% during the forecast period. Modems flourished in Brazil due to modems being in greater demand as a result of the expanding use of IoT technologies in industries like logistics and agriculture, which provide constant data transfer and remote monitoring.</li> <li>Argentina's Modem market had a market share of USD 51.60 million in 2024 and is projected to grow at a CAGR of 17.5% during the forecast period. In Argentina, the growing need for reasonably priced modems is also a result of public initiatives to increase internet connectivity in underserved areas.</li> <li> Colombia's Modem market is projected to witness growth at a CAGR of 16.4% during the forecast period, with a market size of USD 27.33 million in 2024.</li> <li> Peru's Modem market is projected to witness growth at a CAGR of 16.8% during the forecast period, with a market size of USD 25.18 million in 2024.</li> <li> Chile's Modem market is projected to witness growth at a CAGR of 16.9% during the forecast period, with a market size of USD 22.11 million in 2024.</li> <li>The Rest of Latin America's Modem market is projected to witness growth at a CAGR of 15.7% during the forecast period, with a market size of USD 49.45 million in 2024.</li></ul>

Middle East Modem Market Analysis

<P>According to Cognitive Market Research, the global Modem market size was estimated at USD 6142.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 122.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.9% from 2024 to 2031..</P> <ul><li>The GCC Countries Modem market is projected to witness growth at a CAGR of 17.7% during the forecast period, with a market size of USD 52.58 million in 2024. Modem sales flourish in GCC countries due to the need for sophisticated modems is being driven by the GCC countries' heavy investments in smart city initiatives, especially in the UAE and Saudi Arabia, which call for dependable internet infrastructure.</li> <li>The Egypt Modem market is projected to witness growth at a CAGR of 17.2% during the forecast period, with a market size of USD 12.90 million in 2024.</li> <li>The South African Modem market is projected to witness growth at a CAGR of 17.9% during the forecast period, with a market size of USD 19.41 million in 2024. Modem sales flourished in South Africa due to the high-speed, reliable internet connections that are necessary due to the quick growth of e-commerce and digital payment platforms, which increases demand for modems.</li> <li>The Turkey Modem market is projected to witness growth at a CAGR of 16.4% during the forecast period, with a market size of USD 10.57 million in 2024.</li> <li>The Nigeria Modem market is projected to witness growth at a CAGR of 16.0% during the forecast period, with a market size of USD 12.90 million in 2024.</li> <li>The Rest of the MEA Modem market is projected to witness growth at a CAGR of 15.9% during the forecast period, with a market size of USD 14.50 million in 2024.</li></ul>

Modem Market Analysis

How are Segments Performing in the Global Modem Market?

Modem Market Product Type Segment Analysis

According to Cognitive Market Research, DSL modems are likely to dominate the Modem Market over the forecast period. DSL modems commonly provide broadband internet connectivity in homes and small businesses. They provide affordable internet connection without the need for additional infrastructure by sending digital data over existing phone lines. DSL modems are perfect for places without fibre-optic or cable connections since they offer dependable, fast internet access. They are frequently utilized for casual gaming, streaming, and surfing. DSL modems are still in use because they are accessible and reasonably priced, particularly in areas with lower internet penetration or less access to more sophisticated connectivity options.

Cable modems are the fastest-growing segment in the Modem Market. High-speed internet access is made possible by cable modems via coaxial cable networks, which cable TV companies usually provide. These modems facilitate activities like HD streaming, online gaming, and video conferencing by enabling quicker data transmission than DSL modems. Because they can manage larger bandwidth, cable modems are popular in both home and small business settings and are perfect for intensive internet usage. As the need for faster and more dependable internet connections grows, cable modems remain essential for providing dependable, fast broadband connectivity in both urban and suburban regions.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Modem Industry. Request a Free Sample PDF!

Modem Market Application Segment Analysis

According to Cognitive Market Research, the household application segment holds the largest share of the market. Because modems provide dependable internet connectivity for a range of digital activities, household applications are a major driver of the modem market. High-performance modems are necessary to enable smooth communication as smart gadgets like voice assistants, security systems, and entertainment platforms become more and more integrated into homes. Households use modems for remote work, gaming, web streaming, and educational purposes. The proliferation of fibre-optic and 5G networks, along with the increasing demand for high-speed internet, is driving the use of sophisticated modems in homes to provide reliable, fast access for numerous devices and activities at once.

In the Modem Market, commercial applications have been expanding at a rapid pace. Commercial applications are essential in the modem market for companies that need dependable, fast internet access. Modems facilitate a wide range of functions in sectors like healthcare, retail, and finance, such as data transfer, cloud services, and video conferencing. Modern modems are essential to businesses in order to facilitate large-scale networking, improve efficiency, and guarantee smooth communication. The growing need for remote working, e-commerce, and digital transformation solutions has fueled high-performance modem usage in business sectors. Additionally, internet speeds are increasing due to the growth of 5G and fibre-optic networks, which makes sophisticated modems crucial for contemporary company operations.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Modem Sales Channel Outlook: Segment Analysis

Modem Market Sales Channel Segment Analysis

According to Cognitive Market Research, the offline segment holds the largest share of the market. In the modem market, the offline sales channel is quite important, especially through brick-and-mortar stores, electronics merchants, and telecom service providers. In order to evaluate product features, compatibility, and in-store service, customers frequently choose to buy modems in person. For both home and business users, a variety of modem alternatives are available from retailers such as Best Buy, Walmart, and neighbourhood electronics stores. Additionally, telecom service providers offer competitive pricing and convenience by bundling modems with broadband subscriptions. Particularly in areas where individualized customer service is prized or where e-commerce penetration is low, offline sales channels continue to be crucial.

In the Modem Market, the online segment has been expanding at a rapid pace. Because consumers prefer the convenience of buying modems from e-commerce sites like Amazon, eBay, and specialized electronics websites, the modem market is growing more and more due to the online sales channel. Online merchants provide a large range of modems with thorough specs, user reviews, and affordable prices, allowing customers to make well-informed choices. Easy delivery and customer service are also made possible by the growth of digital platforms. Online sales channels are also crucial for reaching a wider worldwide audience and gaining access to specialist modems, such as those that support cutting-edge technologies like 5G and Wi-Fi 6 or are compatible with particular ISPs.

• Online
• Offline

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Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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