5G Modems Market Size, Share, Competitive Landscape and Trend Analysis Report
The global 5G modem market reached a value of $845.3 million in 2021 and is expected to grow to $10.8 billion by 2031, with a CAGR of 29.1% from 2022 to 2031.
A modem, short for modulator-demodulator, converts digital data into a format suitable for analog transmission mediums like telephone or radio. It encodes digital information onto carrier wave signals for transmission and decodes received signals back into digital data reliably. Wireless modems can be integrated into devices like smartphones or distributed as USB, serial, or wireless firewall modems. A 5G modem extends 5G network access to buildings, enabling high-speed connectivity without traditional cabling.