Very Small Aperture Terminal (VSAT) Market Industry Growth Forecast 2022-2028

According to Precision Business Insights (PBI), the latest report, the very small aperture terminal (VSAT) market is expected to be valued at USD 7,934.4 million in 2022 and is poised to grow at a significant CAGR of 17.3% over 2022-2028. The primary drivers of the expansion of the global very small aperture terminal (VSAT) market include the increasing launch of commercial satellites, increasing usage of cellular devices worldwide, increasing implementation of advanced technology, and increasing investment in the satellite communications sector.

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Land VSAT Segment to Dominate the Very Small Aperture Terminal (VSAT) Market:
Based on the platform, the very small aperture terminal (VSAT) market is segmented into land VSAT, naval VSAT, and airborne VSAT. The land VSAT segment is expected to account for a larger revenue share in the global very small aperture terminal (VSAT) market, with a value share worldwide. The increasing use of VSAT systems on land-based platforms for effective communications is expected to drive the land VSAT segment during the forecast period. Due to the high-speed connectivity and broadband solutions on land and land-based platforms. Irrespective of the communication sector, the land VSAT has various applications in detecting unexploded ordinances and tunnels, trace detection near exterior walls, as well as critical infrastructures and buildings. Hence, this segment will drive the global very small aperture terminal (VSAT) market growth at a significant rate.

Asia Pacific Very Small Aperture Terminal (VSAT) Market:
The Asia Pacific market is expected to increase in the global very small aperture terminal (VSAT) market over the forecast period. The Asia Pacific market is expanding as a result of government initiatives and increasing marine transportation. North America held considerable market share during the estimated period owing to the increasing demand for maritime communications and growing demand for wireless communications in various industries.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global very small aperture terminal (VSAT) market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The very small aperture terminal (VSAT) market is segmented based on solution, platform, frequency, network architecture, application, and geography.
Based on the solution, the market is segmented into the following:
• Equipment
• Services
• Others

Based on the platform, the market is segmented into the following:
• Airborne
• Naval
• Land

Based on the frequency, the market is segmented into the following:
• Ku-band
• Ka-band
• X-band
• C-band
• Others

Based on the network architecture, the market is segmented into the following:
• Star Topology
• Mesh Topology
• Hybrid Topology
• Point-To-Point Links

Based on the application, the market is segmented into the following:
• Transportation & Logistics
• Telecommunications
• Maritime
• Aviation
• Mining & Construction
• Manufacturing
• Automotive
• Government & Defense
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the very small aperture terminal (VSAT) market report are Singtel, Vizocom Company, C-COM Satellite Systems, Marlink, Thuraya Telecommunications Company, x2nSat, Speedcast, NSSLGlobal, Iridium Communications, EchoStar Corporation, Orbit Communications Systems, Cobham Satcom, Thales, L3Harris Technologies, and Viasat.

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This release was published on openPR.