According to a new report, published by KBV research, The Global 5G Modems Market size is expected to reach $10.5 billion by 2031, rising at a market growth of 28.9% CAGR during the forecast period.
The Multimode segment is anticipating a CAGR of 29.6% during (2024 - 2031). Multimode 5G modems support wireless technologies, including 5G NR (New Radio), LTE (Long-Term Evolution), and legacy 3G and 2G networks. This capability enables seamless connectivity and interoperability across diverse network generations, ensuring uninterrupted communication, coverage, and mobility for users in various geographical regions and network environments.
The Internal/Integrated segment is leading the Global 5G Modems Market by Modem Type in 2023, thereby, achieving a market value of $8.7 billion by 2031. Internal/integrated 5G modems offer a compact and space-efficient solution compared to external modem modules. In devices where space is limited, such as smartphones, tablets, and IoT devices, integrating the modem directly onto the mainboard saves valuable real estate, enabling manufacturers to design sleeker, more compact devices with enhanced form factors.
The Automotive segment is registering a CAGR of 28.6% during (2024 - 2031). The automotive industry increasingly integrates advanced connectivity solutions into vehicles to enable a wide range of connected car services and features. 5G technology offers high-speed, low-latency connectivity, enabling real-time data exchange, over-the-air updates, and remote diagnostics in connected vehicles. 5G modems are the backbone of connected car solutions, facilitating seamless integration with vehicle systems, cloud platforms, and external services.
Full Report: https://www.kbvresearch.com/5g-modems-market/
The Asia Pacific region dominated the Global 5G Modems Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3.9 billion by 2031. The North America region is exhibiting a CAGR of 27.9% during (2024 - 2031). Additionally, The Europe region would experience a CAGR of 28.4% during (2024 - 2031).
By Mode
By Modem Type
By Application
By Geography
Unique Offerings 
