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#Mobile Broadband Modem Market Size And Revenue Forecast Through 2030
The mobile broadband modem market has seen substantial growth over recent years. Its valuation is anticipated to rise from $27.79 billion in 2025 to $30.92 billion in 2026, achieving a compound annual growth rate (CAGR) of 11.3%. This historical expansion can be linked to the early establishment of 3g networks, increased penetration of laptop and pc devices, a growing mobile workforce, escalating urban demand for broadband, and the restricted availability of fixed broadband services.
The mobile broadband modem market size is anticipated to experience substantial growth in the coming years. Its value is projected to reach $46.8 billion by 2030, at a compound annual growth rate (CAGR) of 10.9%. The expansion during this forecast period is largely driven by the swift 5g rollout, the proliferation of iot devices, increasing demand for smart transportation, the adoption of edge computing, and the growing digitalization of healthcare. Prominent trends for the forecast period include the increasing uptake of portable hotspot devices, the development of multi-network compatible modems, broader reach in rural and remote connectivity, the rise of subscription-based mobile internet plans, and enhanced security features in mobile modems.
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Mobile Broadband Modem Market Industry Drivers: What Is Driving Revenue Growth?
The rising adoption of internet of things (IoT) connected devices is projected to boost the expansion of the mobile broadband modem market in the future. internet of things (IoT) connected devices encompass a network of linked gadgets, including smartphones, sensors, wearables, smart home items, and security cameras, which transmit and share data via the internet autonomously. Demand for internet of things (IoT) connected devices is growing due to the requirement for real-time data, given their capacity to improve efficiency, facilitate remote oversight, and aid more informed decision-making across various sectors. Mobile broadband modems augment internet of things (IoT) devices by delivering dependable and rapid wireless connections, rendering them perfect for applications in remote and mobile settings. These modems facilitate uninterrupted data transfer and real-time interaction among devices, thereby enhancing the operational effectiveness and capabilities of internet of things (IoT) ecosystems. As an example, in September 2024, IoT Analytics, a Germany-based research firm specializing in internet of things (IoT) market insights, reported that connected internet of things (IoT) devices totaled 16.6 billion in 2023, indicating a 15% increase from 14.4 billion in 2022. Consequently, the expanding utilization of internet of things (IoT) connected devices is fueling the expansion of the mobile broadband modem market.
Mobile Broadband Modem Market Segmentation: How Is The Market Structured Across Key Categories?
The mobile broadband modem market covered in this report is segmented –
1) By Form Factor: Universal Serial Bus (USB) Modems, Embedded Modems, Wireless Modems, Other Types
2) By Product Type: Fourth Generation (4G) Long-Term Evolution (LTE) Modems, Fifth Generation (5G) New Radio (NR) Modems, Dual-Mode Fourth Generation (4G) Or Fifth Generation (5G) Modems, Other Product Types
3) By Applications: Consumer Electronics, Enterprise Networks, Public Safety, Healthcare, Transportation, Other Applications
4) By Distribution Channel: Online Stores, Offline Stores, Other Distribution Channel
5) By End User: Mobile Network Operators, Cable And Satellite Providers, Wholesale Internet Service Providers, Fixed Internet Service Providers, Other End Users
Subsegments:
1) By USB Modems: Third Generation (3G) Universal Serial Bus (USB) Modems, Fourth Generation (4G) Universal Serial Bus (USB) Modems, Fifth Generation (5G) Universal Serial Bus (USB) Modems, Long-Term Evolution (LTE) Universal Serial Bus (USB) Modems
2) By Embedded Modems: Embedded Third Generation (3G) Modems, Embedded Fourth Generation (4G) Modems, Embedded Fifth Generation (5G) Modems, Embedded Long-Term Evolution (LTE) Modems
3) By Wireless Modems: Wi-Fi Modems, Cellular Wireless Modems, Satellite Wireless Modems, Fixed Wireless Access (FWA) Modems
4) By Other Types: Personal Computer (PC) Card Modems, ExpressCard Modems, Mobile Wi-Fi Hotspots (MiFi Devices), External Wireless Gateway Modems
Mobile Broadband Modem Market Innovation Trends: Which Developments Are Transforming The Industry?
Leading firms within the mobile broadband modem market are prioritizing the creation of sophisticated solutions, including advanced carrier aggregation (CA) capabilities, aiming to boost network velocities, optimize data transfer rates, and deliver more dependable and efficient connections to users. This advanced carrier aggregation (CA) support involves merging several frequency bands to accelerate data speeds and expand network capacity in mobile broadband communications. An example is MediaTek Inc., a semiconductor company from Taiwan, which introduced its T930 chipset in May 2025. This chipset is tailored for 5G fixed wireless access (FWA) and mobile Wi-Fi (Mi-Fi) devices. The T930 chipset incorporates advanced carrier aggregation support, offering significant integration and exceptional power efficiency. Furthermore, it accommodates sub-6GHz frequency bands for broad 5G deployment and achieves ultra-fast 5G speeds reaching up to 10 Gbps.
Mobile Broadband Modem Market Competitive Landscape And Leading Companies
Major companies operating in the mobile broadband modem market are Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Intel Corporation, Qualcomm Incorporated, Broadcom Inc., MediaTek Inc., Motorola Solutions Inc. (or Motorola Mobility LLC depending on the division), TP-Link Technologies Co. Ltd., Quectel Wireless Solutions Co. Ltd., Netgear Inc., Teltonika Networks UAB, Semtech Corporation, Cradlepoint Inc., Telit Cinterion, Inseego Corp., D-Link Corporation, Multi-Tech Systems Inc., Sequans Communications S.A., Peplink International Ltd., Bivocom Technologies Co. Ltd., Pantech Co. Ltd.
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Mobile Broadband Modem Market Regional Outlook: Where Are The Largest Opportunities Located?
North America was the largest region in the mobile broadband modem market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile broadband modem market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.