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Mobile Broadband Modem Market Forecast: Value Set To Climb From $30.92 Billion To $46.8 Billion
The mobile broadband modem market has experienced rapid growth in recent years. This market is expected to expand from $27.79 billion in 2025 to $30.92 billion in 2026, at a compound annual growth rate (CAGR) of 11.3%. In the past, this growth was primarily driven by the early deployment of 3G networks, increased penetration of laptops and PCs, a growing mobile workforce, rising demand for urban broadband, and limited access to fixed broadband solutions.
The mobile broadband modem market size is anticipated to experience substantial growth over the next few years. It is projected to expand to $46.8 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 10.9%. This expansion during the forecast period can be attributed to the rapid 5g rollout, the increasing number of iot devices, a rising demand for smart transportation solutions, the adoption of edge computing, and the growing digitalization of healthcare. Major developments in the upcoming period include the wider acceptance of portable hotspot devices, an increase in multi-network compatible modems, the expansion of connectivity in rural and remote areas, the growth of subscription-based mobile internet plans, and enhanced security features within mobile modems.
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Mobile Broadband Modem Market Expansion Drivers: What’s Shaping Future Growth?
The rising adoption of Internet of Things (IoT) connected devices is anticipated to drive the expansion of the mobile broadband modem market in the future. Internet of Things (IoT) connected devices define a system of linked gadgets, including smartphones, sensors, wearables, smart home devices, and security cameras, which transmit and share data via the internet autonomously. The demand for Internet of Things (IoT) connected devices is growing because of the requirement for real-time data, as these devices boost efficiency, facilitate remote monitoring, and aid more informed decision-making across various sectors. Mobile broadband modems improve Internet of Things (IoT) devices by delivering dependable and rapid wireless connections, rendering them suitable for remote and portable uses. These modems allow for smooth data transfer and instant communication among devices, thereby enhancing the effectiveness and performance of IoT ecosystems. For example, in September 2024, IoT Analytics, a Germany-based research firm specializing in IoT market insights, reported that the count of connected IoT devices hit 16.6 billion in 2023, marking a 15% rise from 14.4 billion in 2022. Consequently, the expanding deployment of Internet of Things (IoT) connected devices is fueling the expansion of the mobile broadband modem market.
Mobile Broadband Modem Market Segments: Where Is Growth Concentrated?
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 Strategic Trends: What Defines The Next Growth Phase?
Leading companies in the mobile broadband modem market are concentrating on developing sophisticated solutions, such as enhanced carrier aggregation (CA) capabilities, to boost network speeds, improve data flow, and offer users more reliable and efficient connectivity. Enhanced carrier aggregation (CA) support involves combining multiple frequency bands to increase data speeds and network capacity in mobile broadband communication. For instance, in May 2025, MediaTek Inc., a semiconductor company based in Taiwan, introduced the T930 chipset, designed for 5G fixed wireless access (FWA) and mobile Wi-Fi (Mi-Fi) devices. The T930 chipset incorporates advanced carrier aggregation support, offering high integration and remarkable power efficiency. It is compatible with sub-6GHz frequency bands for widespread 5G deployment and provides ultra-fast 5G speeds of up to 10 Gbps.
Mobile Broadband Modem Market Key Participants And Competitive Landscape
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 Analysis And Top Geography
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.
