Home > Semiconductors & Electronics > Telecom and Networking > Communication > Very Small Aperture Terminal (VSAT) Market
Very Small Aperture Terminal (VSAT) Market Size
- Report ID: GMI4802
- Published Date: Aug 2020
- Report Format: PDF
Very Small Aperture Terminal Market Size
VSAT Market size exceeded USD 10 billion in 2019 and is estimated to grow at over 8% CAGR between 2020 and 2026. Increasing requirement of data management and high frequency trading is expected to drive the industry growth.
Significant investment in research and development has allowed market players to provide innovative solutions to their customer to enhance their communication systems. This is among the major strategic initiatives practiced by industry participates. For instance, various innovative companies including Cobham and General Dynamics have recently introduced corrosion resistant VSAT which will increase the overall lifespan of a product, reducing it operational cost.
The VSAT industry will experience a moderate dip in 2020 and then witness accelerated growth rate due to coronavirus (COVID-19) pandemic. Sudden outbreak of virus in early 2020 and imposition of nationwide lockdowns in many countries has created market disruption. Gradual establishment of new ways of remote operations will subsequently increase the market demand post 2020.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| VSAT Market Size in 2019: | 10 Billion (USD) |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 8.21% |
| 2026 Value Projection: | 18 Billion (USD) |
| Historical Data for: | 2015 to 2018 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 401 |
| Segments covered: | Band, Terminal, Application, Network Architecture, Platform and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
VSAT Market Scope
