TMCnet News
Global VSAT Market Insights 2020-2025 and COVID-19's Impact on the IndustryDUBLIN, July 23, 2020 /PRNewswire/ -- The "VSAT (Very Small Aperture Terminal) Market by Network Architecture, Vertical, Frequency, Solution (Equipment, Support Services, Connectivity), Platform (Land, Maritime, Airborne), End-Use (Broadband, Voice, Broadcast), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The global VSAT market is projected to grow from USD 9.5 billion in 2020 to USD 13.7 billion by 2025, at a CAGR of 7.5% during the forecast period. Increased demand for VSAT in the maritime industry, and demand for VSAT on-the-move solutions for various platforms are the major factors driving the VSAT Market. Rugged VSAT: The fastest-growing segment of the VSAT market, by design Rugged VSAT is the fastest-growing segment of the VSAT market, by design. The growth of this segment can be attributed due to increased use at remote locations and high-risk environments such as maritime, aviation, energy & power, and defense sectors. There is a need for the VSAT system to be protected externally from shock hazards from the extreme environmental and remote conditions. Gilat Satellite Networks (Israel), L3 Harris Technologies (US), Viasat Inc (US), Inmarsat Global Limited (UK), and Orbit Communication System (Israel) are some of the providers of rugged VSAT systems. Maritime VSAT: The fastest-growing platform segment of the VSAT market, by platform Maritime VSAT is the fastest-growing segment of the VSAT market. The growth of this segment can be attributed due to demand for commerce on board, and higher data rates in commercial ships have driven the maritime VSAT market. Commercial ship operations include operational safety data such as emergency information, data related to video monitoring using IP-based CCTV systems, and telemetry data. Hughes Network System, Cobham, KVH Industries, Intelsat, and Orbit Communication System are major providers of VSAT systems for commercial ships. Asia Pacific: The fastest-growing region in the VSAT market. Asia Pacific is projected to be the highest CAGR rate for the VSAT market during the forecast period. The growth of this region is attributed to the demand for advanced VSAT systems in the maritime industry is driving the market. In August 2018, Singtel and KVH, a global satellite and maritime communications provider, announced a partnership to provide broadband satellite service with KVH's mini-VSAT Broadband satellite connectivity to shipping companies across the Asia Pacific region. This satellite service is designed to facilitate the use of digital solutions in the maritime industry to improve operational efficiency, crew welfare and onboard safety significantly. Research Coverage The study covers the VSAT market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on solution, platform, vertical, end-use, design, type, frequency, network architecture, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them. Market Dynamics
Restraints
Opportunities
Challenges
Companies Profiled
For more information about this report visit https://www.researchandmarkets.com/r/11nvp2 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets View original content:http://www.prnewswire.com/news-releases/global-vsat-market-insights-2020-2025-and-covid-19s-impact-on-the-industry-301098782.html SOURCE Research and Markets |