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Very Small Aperture Terminal (VSAT) Market Size

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

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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.

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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.

VSAT Market Report Attributes
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:	Rise in usage of cellular devices across the globe Introduction of AI, cloud computing and HetNet Increasing launch of commercial satellites Rising demand of personalized communication network Low ground station infrastructure investment
Pitfalls & Challenges:	Huge initial investment for satellite launch Rising cyber threats

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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.