| Product Code: ETC5611533 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cape Verde continued to heavily rely on imports of satellite modems, with top exporters being China, Portugal, Senegal, Togo, and Netherlands. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, a negative compound annual growth rate (CAGR) of -4.21% from 2020 to 2024 was recorded. However, there was a positive growth rate of 5.0% from 2023 to 2024, suggesting potential market recovery and increased demand for satellite modems in Cape Verde.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cape Verde Satellite Modem Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Satellite Modem Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Satellite Modem Market - Industry Life Cycle |
3.4 Cape Verde Satellite Modem Market - Porter's Five Forces |
3.5 Cape Verde Satellite Modem Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Cape Verde Satellite Modem Market Revenues & Volume Share, By End User Industry, 2021 & 2031F |
3.7 Cape Verde Satellite Modem Market Revenues & Volume Share, By Channel Type, 2021 & 2031F |
3.8 Cape Verde Satellite Modem Market Revenues & Volume Share, By Data Rate, 2021 & 2031F |
3.9 Cape Verde Satellite Modem Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Cape Verde Satellite Modem Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-speed internet connectivity in remote areas of Cape Verde |
4.2.2 Growing adoption of satellite communication technology for maritime and aviation applications |
4.2.3 Government initiatives to improve connectivity infrastructure in underserved regions |
4.3 Market Restraints |
4.3.1 High initial investment and operational costs associated with satellite modem technology |
4.3.2 Limited availability of skilled professionals for satellite communication setup and maintenance in Cape Verde |
5 Cape Verde Satellite Modem Market Trends |
6 Cape Verde Satellite Modem Market Segmentations |
6.1 Cape Verde Satellite Modem Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Satellite Modem Market Revenues & Volume, By Mobile & Backhaul, 2021-2031F |
6.1.3 Cape Verde Satellite Modem Market Revenues & Volume, By IP Trunking, 2021-2031F |
6.1.4 Cape Verde Satellite Modem Market Revenues & Volume, By Offshore Communication, 2021-2031F |
6.1.5 Cape Verde Satellite Modem Market Revenues & Volume, By Tracking & Monitoring, 2021-2031F |
6.1.6 Cape Verde Satellite Modem Market Revenues & Volume, By Enterprise & Broadband, 2021-2031F |
6.1.7 Cape Verde Satellite Modem Market Revenues & Volume, By In-flight Connectivity, 2021-2031F |
6.2 Cape Verde Satellite Modem Market, By End User Industry |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Satellite Modem Market Revenues & Volume, By Energy & Utilities, 2021-2031F |
6.2.3 Cape Verde Satellite Modem Market Revenues & Volume, By Mining, 2021-2031F |
6.2.4 Cape Verde Satellite Modem Market Revenues & Volume, By Telecommunications, 2021-2031F |
6.2.5 Cape Verde Satellite Modem Market Revenues & Volume, By Marine, 2021-2031F |
6.2.6 Cape Verde Satellite Modem Market Revenues & Volume, By Military & Defense, 2021-2031F |
6.2.7 Cape Verde Satellite Modem Market Revenues & Volume, By Transportation & Logistics, 2021-2031F |
6.3 Cape Verde Satellite Modem Market, By Channel Type |
6.3.1 Overview and Analysis |
6.3.2 Cape Verde Satellite Modem Market Revenues & Volume, By SCPC Modem, 2021-2031F |
6.3.3 Cape Verde Satellite Modem Market Revenues & Volume, By MCPC Modem, 2021-2031F |
6.4 Cape Verde Satellite Modem Market, By Data Rate |
6.4.1 Overview and Analysis |
6.4.2 Cape Verde Satellite Modem Market Revenues & Volume, By High Speed, 2021-2031F |
6.4.3 Cape Verde Satellite Modem Market Revenues & Volume, By Mid Range, 2021-2031F |
6.4.4 Cape Verde Satellite Modem Market Revenues & Volume, By Entry Level, 2021-2031F |
6.5 Cape Verde Satellite Modem Market, By Technology |
6.5.1 Overview and Analysis |
6.5.2 Cape Verde Satellite Modem Market Revenues & Volume, By VSAT, 2021-2031F |
6.5.3 Cape Verde Satellite Modem Market Revenues & Volume, By Satcom-on-the-Move, 2021-2031F |
6.5.4 Cape Verde Satellite Modem Market Revenues & Volume, By Satcom-on-the-Pause, 2021-2031F |
6.5.5 Cape Verde Satellite Modem Market Revenues & Volume, By Satellite Telemetry, 2021-2031F |
6.5.6 Cape Verde Satellite Modem Market Revenues & Volume, By Satcom Automatic Identification System (AIS), 2021-2031F |
7 Cape Verde Satellite Modem Market Import-Export Trade Statistics |
7.1 Cape Verde Satellite Modem Market Export to Major Countries |
7.2 Cape Verde Satellite Modem Market Imports from Major Countries |
8 Cape Verde Satellite Modem Market Key Performance Indicators |
8.1 Average latency in data transmission for satellite modems in Cape Verde |
8.2 Percentage increase in the number of satellite internet service providers operating in Cape Verde |
8.3 Average cost per Mbps of satellite internet services in Cape Verde |
8.4 Number of satellite modem installations in remote areas of Cape Verde |
8.5 Average uptime and reliability of satellite modem connections in Cape Verde |
9 Cape Verde Satellite Modem Market - Opportunity Assessment |
9.1 Cape Verde Satellite Modem Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Cape Verde Satellite Modem Market Opportunity Assessment, By End User Industry, 2021 & 2031F |
9.3 Cape Verde Satellite Modem Market Opportunity Assessment, By Channel Type, 2021 & 2031F |
9.4 Cape Verde Satellite Modem Market Opportunity Assessment, By Data Rate, 2021 & 2031F |
9.5 Cape Verde Satellite Modem Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Cape Verde Satellite Modem Market - Competitive Landscape |
10.1 Cape Verde Satellite Modem Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Satellite Modem Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here