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Very Small Aperture Terminal (VSAT) Market Share

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

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Very Small Aperture Terminal Market Share

Major industry players operating in VSAT market encompass

L3Harris
Cobham
Hughes Network System
KVH Industries
Honeywell
Thales Group
General Dynamics
Orbit Communication System
Inmarsat
Singtel
Viasat
Gilet Satellite networks
X2NSat
ST Engineering

Collaboration between global and regional companies to gain market penetration at regional level and local distribution support in operations is among the primary strategic initiatives practiced within the market. For instance, in 2019, Hughes Communications India Ltd (HCIL) announced combining of VSAT satellite operations with Bharti Airtel Services.

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.