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Very Small Aperture Terminal (VSAT) Market Analysis

  • Report ID: GMI4802
  • Published Date: Aug 2020
  • Report Format: PDF

Very Small Aperture Terminal Market Analysis

The North America P, L, S segment is projected to observe a growth rate of around 8% through 2026 owing to increasing number of fixed network and cellular communications. For instance, in April 2020, The Federal Communication Commission (FCC) announced the rise of 20% to 35% on fixed networks and 10% to 20% in cellular network post pandemic as compared to previous situations. The rise is backed up by increasing number of operational cell phones within the region.

 

MEA VSAT Market

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The MEA VSAT Time Division Multiple Access (TDMA) will register growth rate of more than 3% during 2020-2026. Government stabilization and investments done by major industry players towards establishment of comprehensive communication network for general purpose will serve as the primary market driving factors. A range of applications such as voice communication and data transfer supported by TDMA allows the segment to gain maximum market share.

 

LATAM Very Small Aperture Terminal Market

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The Latin America VSAT market size from data transfer application segment will cross USD 250 million by 2026 led by the increasing initiatives taken by regional government to digitize economies. These initiatives have resulted in long term collaboration between market players, establishing healthy business environment.

 

Similar efforts have been taken by various government and private players across the globe to cater the rising demand of data transfer at much faster rates, providing market opportunities at global level.

 

Europe VSAT Market

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The European point to point VSAT market revenue is likely to surpass USD 950 million by 2026, growing at more than 7% CAGR between 2020 and 2026. Presence of major industry players within the region and innovative solutions provided by range of service providers is assisting market competitiveness.

 

Very Small Aperture Terminal (VSAT) Market

The land-based VSAT market valuation was over USD 7 billion in 2019 and is poised to expand at a CAGR of around 8% during the forecast timeframe. The rising demand for telecommunication, live broadcasting services, and private networks by corporates will generate high market share. Major industry players operating in the market are providing open architecture customizable VSAT solutions, increasing their scope of application and making them more user friendly.

 

VSAT Market Regional Insights

Asia Pacific VSAT market held more than 20% revenue share in 2019 and is expected to achieve more than 10% gains till 2026. Government initiatives to aid manufacturing facilities in major countries including India and China and economical, skilled labor will be the major factors attracting global industry players. Increasing marine transportation and development of new oceanic trade routes from India and China to rest of the world will positively impact the logistics of VSAT.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of VSAT valued at USD 10 billion in 2019, may record 8% CAGR through 2026, driven by high frequency trading and rising demand for data management.

The market may exhibit massive gains in Asia Pacific, that accounted for 20% of global VSAT industry share in 2019 and may register 10% CAGR through 2026. The growth can be credited to the rising number of government initiatives and expanding manufacturing sector.

The land-based VSAT market size was worth USD 7 billion in 2019 and may grow at 8% CAGR through 2026, propelled by the surging demand for live broadcasting services, private networks by corporates, and telecommunication.

Europe point to point VSAT segment may surpass USD 950 million by 2026, with a targeted CAGR of 7%, owing to innovative solutions given by service providers and presence of major industry players.

LATAM VSAT industry size from data transfer application segment may hit USD 250 million by 2026, owing to rising number of initiatives undertaken by the regional governments to digitize these economies.

The MEA VSAT Time Division Multiple Access (TDMA) industry size will depict 3% CAGR through 2026, propelled by investments by major players to establish comprehensive communication networks.

The North America P, L, S VSAT industry size may depict 8% CAGR through 2026, driven by rising number of fixed networks and cellular communications.

VSAT Market Scope

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 17
  • Tables & Figures: 401
  • Countries covered: 22
  • Pages: 250
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