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VSAT (Very Small Aperture Terminal) Market Size, Share, Trends, Key Players And Forecast 2023-2032
VSAT (Very Small Aperture Terminal) Market
The Business Research Company's VSAT (Very Small Aperture Terminal) Global Market Report 2023 identifies increase in broadband connections as the major driver for the VSAT (Very Small Aperture Terminal) market's growth in the forecast period. Broadband refers to high-capacity transmission technology that transmits data, voice, and video across long distances and at high speeds. A VSAT is a two-way ground station that transmits and receives data from satellites, and this technology is capable of up-linking and down-linking communication signals for both narrow and broadband data to satellites in orbit in real-time.
The global VSAT (very small aperture terminal) market size grew from $9.37 billion in 2022 to $10.82 billion in 2023 at a compound annual growth rate (CAGR) of 15.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The VSAT (very small aperture terminal) market size is expected to grow to $17.87 billion in 2027 at a CAGR of 13.3%.
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Major competitors in the VSAT (Very Small Aperture Terminal) market are Orbit Communication Systems Ltd., L3 Harris Technologies, Inmarsat Global Limited, Viasat Inc., Gilat Satellite Networks Ltd., Singapore Telecommunications Limited.
A key trend in the VSAT (Very Small Aperture Terminal) market includes technological advancement. Major companies operating in the market are introducing new technologies such as SkyEdge IV which work on software-defined satellites and support cloud software-defined networks, to sustain their position in the market. For instance, in February 2020, Gilat introduced SkyEdge IV, the Next Generation SATCOM satellite communications Ground System. That is equipped with Elastix-TotalNMS which helps in orchestrating network management for a unified network.
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The VSAT (Very Small Aperture Terminal) market is segmented -
• By Type: Standard VSAT, USAT
• By Solution: Equipment, Support Services, Connectivity Services
• By Platform: Land VSAT, Maritime VSAT, Airborne VSAT
• By Frequency: Ku-Band, Ka-Band, X-Band, C-Band, L-Band, S-Band, Multi-Band
• By Verticals: Healthcare, Energy And Power, Education, BFSI, Media And Entertainment, Retail, Transportation And Logistics, Telecommunications, Maritime, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the VSAT (Very Small Aperture Terminal) market.
The Business Research Company's "Global VSAT (Very Small Aperture Terminal) Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The VSAT (Very Small Aperture Terminal) Market Include:
1. Executive Summary
2. VSAT (Very Small Aperture Terminal) Market Characteristics
3. VSAT (Very Small Aperture Terminal) Market Trends And Strategies
4. VSAT (Very Small Aperture Terminal) Market - Macro Economic Scenario
5. VSAT (Very Small Aperture Terminal) Market Size And Growth
………………………………………………………..
26. Africa VSAT (Very Small Aperture Terminal) Market
27. VSAT (Very Small Aperture Terminal) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The VSAT (Very Small Aperture Terminal) Market
29. VSAT (Very Small Aperture Terminal) Market Future Outlook and Potential Analysis
30. Appendix
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