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The market is driven by various factors, such as the growing demand for VSAT systems from the maritime industry and increasing demand for VSAT on-the-move solutions for various platforms, and commercial services are the major drivers of VSAT industry.
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VSAT (Very Small Aperture Terminal) Market worth $13.7 billion by 2025
Scope of The Report Research report categorizes the Very Small Aperture Terminal Market based on Network Architecture, Vertical, Frequen cy, Solution, Platform, End-Use & by region. By Solutions • Equipment • Support Services • Connectivity By Platform • Land • Maritime • Airborne By End-Use • Broadband • Voice • Broadcast And More…
Key Segments The global Very Small Aperture Terminal Market size is projected to grow from USD 9.5 billion in 2020 to USD 13.7 billion by 2025, at a CAGR of 7.5% from 2020 to 2025. 1 The market is driven by various factors, such as the growing dema nd for VSAT systems from the maritime industry and increasing de mand for VSAT on-the-move solutions for various platforms, and co mmercial services are the major drivers of VSAT industry. 2 3 Browse 140 market data Tables and 56 Figures spread through 222 Pages and in-depth TOC on "Very Small Aperture Terminal Market - Global Forecast to 2025" Asia Pacific is projected to be the highest CAGR rate for the VSAT market d uring the forecast period. The growth of this region is attributed to the dema nd for advanced VSAT systems in the maritime industry is driving the market 4 5 The rapid spread of COVID-19 in Europe, the US & Asia Pacific has led to a significant drop in demand for VSATs globally, with a corresponding reduc tion in revenues for various VSAT suppliers, service providers across all markets owing to late delivery.
Very Small Aperture Terminal Market Growth Rate 2025 2020 CAGR of 7.5% Market Size of $9.5 Billion Market Size of $13.7 Billion Leading Companies In VSAT Market • L3Harris Technologies Inc (US) ranks second in the VSAT market. It is a key player in the US market, generating approximately 81% of its rev enue from the country. Viasat Inc (US) secures the third position in the VSAT market. The com pany has a strong presence in the US, with approximately 88% of its re venue being generated from the US. •
Key Vendors Vendors Gilat Satellite Networks (Israel) L3 Harris Technologies (US) Viasat Inc (US) Inmarsat Global Limited (UK) • • • • View Report Here - https://www.marketsandmarkets.com/Market-Reports/very-small- aperture-terminal-market-259771130.html
Top Region.. North America • Europe • Asia Pacific • Middle East • Africa • South America • View Report Here - https://www.marketsandmarkets.com/Market-Reports/very-small-aperture-terminal-marke t-259771130.html
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