BANGALORE, India | 11th August 2020: The major factors that are driving the growth of VSAT market size are growing demand from the maritime industry for VSAT systems and increasing demand for on-the-move VSAT solutions for various platforms, and commercial services are the main drivers of the VSAT business.
The global Very Small Aperture Terminal (VSAT) market size is projected to reach USD 13 Billion by 2026, from USD 7.8 Billion in 2019, at a CAGR of 7.6% during 2021-2026.
The report is an all-inclusive, global Enterprise VSAT market analysis study that takes into account growth drivers, recent trends, innovations, prospects, and competitive landscape. With the aid of Porter’s Five Forces research methodologies, researchers have done detailed analysis of the corporate Business VSAT industry.
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TRENDS INFLUENCING THE VSAT MARKET SIZE
The growing need for the VSAT system in the maritime industry is expected to increase the VSAT market size. For a multitude of reasons, ships must be linked to the rest of the world during long voyages. VSAT-equipped ships will provide high-speed broadband connectivity for business activities such as ERP and video conferencing and personal communication such as email, video messaging, and streaming. In surveillance applications, VSAT systems are often used to secure the coastal areas of a country (where communication servers are placed) and assist defense forces in naval operations involving compact, lightweight, and portable equipment.
The exponentially growing number of LEO-HTS constellations results in creative technologies that can support telecommunications operators. With new constellations in low Earth orbit ( LEO), telecommunication companies will be granted opportunities to enter previously inaccessible networks and extend their coverage to remote areas. This feature is expected to fuel the growth of the VSAT market size.
Maritime networks face problems such as unreliable links, lack of coverage, lapses in operation, and long delays when catering to marine applications. These factors can potentially hinder the growth of the VSAT market size during the forecast period.
VSAT MARKET SHARE ANALYSIS
The rapid spread of COVID-19 in Europe, the U.S. & Asia Pacific has resulted in a substantial drop in demand for VSATs worldwide, resulting in a corresponding reduction in revenue for various VSAT manufacturers and service providers. However, the global market for VSAT is expected to recover by 2022 completely.
During the forecast period, Asia Pacific is expected to witness the highest growth rate for the VSAT market. This region’s growth is due to the market driving demand for advanced VSAT systems within the maritime industry.
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The key players covered in this study
- Gilat Satellite Networks
- Hughes Network Systems
- KVH Industries
- VT iDirect
- Cambium Networks
- Comtech Telecommunications
- Emerging Markets Communications
- Imtech Marine
- Mitsubishi Electric
- ND Satcom
Market segment by Type, the product can be split into
- Fixed Station
- Mobile Station
Market segment by Application, split into
Market segment by Regions/Countries, this report covers
- North America
- Southeast Asia
- Central & South America
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SIMILAR REPORTS :
- Enterprise VSAT Market Report
In 2019, the global Enterprise VSAT System market size was USD 1339.8 Million, and it is expected to reach USD 2014.6 Million by the end of 2026.
The three giants of the global enterprise VSAT Satellite Communication System Industry are Hughes, Bharti Airtel, and Gilat Satellite Network.
The three enterprises VSAT Satellite Communication System Production in 2017 represented approximately 149,000 sets, representing approximately 49.46 percent of the global total.
- VSAT Antennas Market Report
The VSAT Antennas Market size can be attributed to the increased use of ESA antennas due to their quick and easy functioning. The antenna is composed of a series of small antennas, each with a separate feed. The beam is steered electronically by monitoring the transmitted and received phase of the radio waves through each of the many radiating elements in the antenna.
This study presents the production, sales, market share, and growth rate of VSAT Antennas for each main enterprise and the breakdown data (output, consumption, revenue, and market share) by area, form, and application.
- SATCOM Equipment Market Report
The global SATCOM Equipment market size is projected to reach USD 2564.9 Million by 2026, from USD 2325.4 Million in 2020.
The SATCOM Equipment Market report includes a country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type and by Application segment in terms of production capacity, price, and revenue for the period 2015-2026.
- Maritime VSAT Market Report
The global Maritime VSAT market size is projected to reach USD 1939.5 Million by 2026, from USD 1736 Million in 2020.
During 2017, the Ku technology segment held the largest market share and will continue to dominate the market for the next few years. One of the major benefits of using Ku-band technology is that complex data, voice, and video signals are easily transmitted.