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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.

 

VSAT Market

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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.

 

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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