VSAT (Very Small Aperture Terminal) is a two-way satellite ground station with the dish antenna smaller than 3.8 meters. The growing adoption of VSAT in the oil and gas industry is one of the major factors supporting the growth of the VAST market. The VSAT market is highly competitive with the presence of some of the well-established players operating in the market. Moreover, the increasing demand for autonomous, connected vehicles is creating an opportunist for the company to achieve a strong market position.
MARKET DYNAMICS
Growing demand for VSAT in the maritime industry, low investment and operating costs, and increasing demand for broadband data connections from government and business sectors are some of the significant factors driving the growth of the VSAT market. However, the connectivity issues in the sea might hinder the growth of the VSAT market. Cybersecurity concerns and issues with radio spectrum availability are the significant challenges faced by companies operating in the VSAT market.
MARKET SCOPE
The Global VSAT market Analysis to 2028 is a specialized and in-depth study of the VSAT market with a special focus on the global market trend analysis. The report aims to provide an overview of VSAT market with detailed market segmentation by solution, platform, and application and geography. The global VSAT market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading VSAT market players and offers key trends and opportunities in the VSAT market.
MARKET SEGMENTATION
The global VSAT market is segmented on the basis of solution, platform, and application. Based on solution, the market is segmented as equipment and services. On the basis of platform the market is segmented as land VSAT, maritime VSAT, airborne VSAT. Based on application, the market is segmented as broadband / data networks, voice communications, private network services, broadcast, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global VSAT market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The VSAT market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting VSAT market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the VSAT market in these regions.
MARKET PLAYERS
The reports cover key developments in the VSAT market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from VSAT market are anticipated to lucrative growth opportunities in the future with the rising demand for VSAT market. Below mentioned is the list of few companies engaged in the VSAT market.
The report also includes the profiles of key VSAT market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Atos SE
- Cobham Limited
- General Dynamics Mission Systems, Inc.
- Gilat Satellite Networks
- Hughes Network Systems LLC.
- KVH Industries, Inc.
- L3HARRIS Technologies, Inc.
- Singtel
- Thales Group
- Viasat Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.