BANGALORE, India, Aug. 11, 2020 /PRNewswire/ -- 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.
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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
- Speedcast
- Hughes Network Systems
- Inmarsat
- KVH Industries
- ViaSat
- VT iDirect
- Cambium Networks
- Comtech Telecommunications
- Emerging Markets Communications
- Gigasat
- GomSpace
- Imtech Marine
- Mitsubishi Electric
- ND Satcom
- Newtec
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
- Europe
- China
- Japan
- Southeast Asia
- India
- 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.
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https://reports.valuates.com/market-reports/QYRE-Auto-23F2872/global-enterprise-vsat
- 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.
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https://reports.valuates.com/market-reports/QYRE-Othe-0J286/vsat-antennas
- 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.
View Full Report:
https://reports.valuates.com/market-reports/QYRE-Auto-11Z1512/global-satcom-equipment
- 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.
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https://reports.valuates.com/market-reports/QYRE-Othe-3I290/maritime-vsat
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