Global VSAT Market to Generate Over USD 7 Billion by 2020, According to Technavio

LONDON--()--Technavio analysts forecast the global very small aperture terminal (VSAT) market to grow at a CAGR of 9.52% during the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of the global VSAT market for 2016-2020. To determine the market size, the report has taken into consideration the sales revenue of VSAT terminals, antenna dishes, indoor unit, and outdoor unit (ODU), shipped globally.

The global VSAT market is expected to generate a revenue of more than USD 7 billion by 2020, a significant increase from over USD 4 billion in 2015. The latest developments in the satellite communication sector such as Global Xpress, EpicNG, Iridium NEXT, and OneWeb satellite constellation will add to the growth of the market.

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Technavio analysts highlight the following three factors that are contributing to the growth of the global VSAT market:

  • Increased demand for technologically advanced satellite imagery
  • Government initiatives for effective communication services
  • Remote sensing and GIS in disaster management

Increased demand for technologically advanced satellite imagery

High-resolution digital satellite aerial imagery has gained popularity among planners, developers, and engineers for real-estate management, land calculations, road planning, and small-scale mapping for most land applications. Information from aerial images along with GIS mapping is used for analysis, strategic planning, and evaluation in engineering and urban planning,” says Abhishek Sharma, a lead analyst at Technavio for research on M2M and connected devices.

Also, images provided by satellites offer valuable data and information, which are used by government organizations for sectors such as defense, oil and gas, mining, meteorology, and agriculture. The technology used to capture satellite images has seen a marked improvement over the years. As a result, the expectations of end-users have risen. Therefore, vendors have intensified their R&D efforts to develop advanced equipment, including superior lenses. They are also developing advanced remote sensing technologies and high-resolution cameras to improve the quality of images captured by satellites.

Government initiatives for effective communication services

Governments across the globe are taking initiatives to increase the overall penetration of the internet and voice-based services. Governments of various countries are also mandating cellular operators to incorporate the universal service obligation, which enables them to take advantage of the low cost and faster rollout of VSAT services, thereby empowering rural customers to use VSAT communications.

In certain challenging geographical locations, it becomes difficult for the terrestrial vendors to provide services because of the absence of infrastructure or the high cost involved in developing the infrastructure with rapid break-even time for their investment. Under such circumstances, government organizations are adopting VSAT services to provide communication in remote areas. They have also implemented e-governance projects such as internet access to primary schools and educational institutes in rural areas, community centers, and rural businesses using VSAT technology.

Remote sensing and GIS in disaster management

Remote sensing and GIS are effective tools in disaster management. Several disasters such as earthquakes, landslides, floods, fires, tsunamis, volcanic eruptions, and cyclones create huge property and infrastructure loss. Remotely sensed satellite-based aerial data can be used to assess the severity and impact of damage due to these disasters. GIS can be used in managing the huge amount of data required for vulnerability and hazard assessment during the disaster prevention stage. Also, GIS acts as a tool for planning evacuation routes, designing centers for emergency operations, and for the integration of aerial imagery data with other relevant data in the design of disaster warning systems during the disaster preparation stage.

The increasing adoption of satellite-based broadband communication by public health organizations is an emerging trend in the market. This is being witnessed in most of the developed nations where the number of healthcare service providers is high and advanced services to the customers is the major customer retaining index,” says Abhishek.

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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio analysts forecast the global very small aperture terminal (VSAT) market to grow at a CAGR of 9.52% during the forecast period, according to their latest report.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com