The global VSAT 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. 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 COVID-19 Impact on the Global VSAT Market The VSAT market includes major players Gilat Satellite Networks (Israel), L3 Harris Technologies (US), Viasat Inc (US), Inmarsat Global Limited (UK), and Orbit Communication System (Israel). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and South America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect VSAT production and services by 7–10% globally in 2020. 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 reduction in revenues for various VSAT suppliers, service providers across all markets owing to late delivery, manufacturing shutdown, the limited staff at manufacturing facilities, and limited availability of equipment. As per industry experts, the global VSAT demand is anticipated to recover by 2022 fully. VSAT Market Dynamics Driver: Increased need for VSAT systems in the maritime industry During long voyages, ships need to be connected to the rest of the world for a plethora of reasons, right from enabling crew and passengers to keep in touch with loved ones to accessing weather and port information, among other important updates. Ships equipped with VSAT systems can provide high-speed broadband connections for business activities such as ERP and video conferencing, as well as personal communication such as email, video calling, and streaming. VSAT systems are also used in surveillance applications to protect the coastal areas of a country (where communication servers are placed) and aid defense forces in naval operations that require small, lightweight, and portable equipment. As per Comsys, VSAT data rates in some segments increased from 10 Mbps in 2007 to 100 Mbps in 2013, primarily driven by the streaming video and bandwidth-intensive business applications. As of 2019, about 10,000 ships (mainly tankers and container ships) were equipped with VSAT systems. In 2019, satellite communications specialist Marlink was awarded a contract to expand its Sealink VSAT service to international shipowner Transpetrol. Transpetrol needed data and voice communication services for operations and crew welfare that was addressed by a standardized and cost-effective solution integrating a global Ku-band VSAT system with L-band back-up. Restraint: Issues with connectivity at sea A sound internet system should search for overlapping beams that take advantage of redundancy in satellite coverage. Bandwidth restrictions and coverage have been a major issue with connectivity at sea. Other issues, such as unstable connections, lack of coverage, lapses in service, and long delays are also faced by maritime platforms while catering to marine applications. Functional connectivity can significantly reduce operating costs. Proper connectivity at sea helps to improve fuel consumption with proper GPS connectivity, monitor performance, update real-time weather reports, and fine-tune planning to cater to marine applications. Opportunity: Increasing number of LEO-HTS constellations New developments in LEO-HTS constellations are leading to innovative services that can benefit telecom operators. With new low Earth orbit (LEO) constellations, telecom operators will have opportunities to access previously unavailable networks and expand their reach to remote areas. LEO satellites provide mobile operators with high bandwidth and flexible 4G and 5G technologies. More than 5,000 low earth-orbit (LEO) satellites are due to be launched in the coming years, which is expected to lead to increased bandwidth capacity and reduced operating costs. With more than two terabytes per second of high throughput satellite (HTS) capacity projected over the next 10 years, there are opportunities for shipowners and operators to improve their operational efficiency and crew welfare through enhanced communications. In the cruise and passenger sectors, better customer satisfaction can be gained by improved connectivity for personal devices as well. Full Report @ https://www.marketsandmarkets.com/Market-Reports/very-small-aperture-terminal-market-259771130.html
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