10-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “VSAT and Wireless Equipment Market By Offering (Integrated Systems and Standalone Products) and By Application (Army, Navy, and Air Force): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. According to the report, the global VSAT and wireless equipment market is predicted to be valued at approximately USD 3,507 million in 2018 and is expected to reach a value of around USD 9,480 million by 2027, at a CAGR of around 11.96 % between 2019 and 2027.
VSAT & Wireless equipment offer secure and proficient grids while playing a bigger role in the success of military communications systems. The speed, security, and coverage of satellite communications are constantly being upgraded by commercial service providers to incorporate innovative technologies along with fulfilling meet government & military requirements.
Browse the full “VSAT and Wireless Equipment Market By Offering (Integrated Systems and Standalone Products) and By Application (Army, Navy, and Air Force): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” Report at https://www.fnfresearch.com/vsat-and-wireless-equipment-market-by-offering-integrated-114
Furthermore, military & defense activities require flexible, secured, and reliable services for ensuring effective political connectivity, public safety, and law & order. The military & defense sector also needs to reinforce its ability in installing and managing a scalable system that is highly secured and consistent as well as offers access on-demand from any distant place and anytime.
VSAT or Very Small Aperture Terminal, a satellite communication system, is devised to support myriad video, data, and voice applications. A VSAT system encompasses a central hub and may terminals that are further interfaced with computers and many of the peripheral equipment. Moreover, the system covers a large geographical area including both statewide and nationwide areas.
Report Scope
Report Attribute |
Details |
Market Size in 2018 |
USD 3,507 Million |
Projected Market Size in 2027 |
USD 9,480 Million |
CAGR Growth Rate |
11.96 % CAGR |
Base Year |
2017 |
Forecast Years |
2018 – 2027 |
Key Market Players |
C-COM Satellite Systems Inc., Cobham plc, FURUNO ELECTRIC CO., LTD., Over-Sat, New Japan Radio Co., Ltd., and SageNet, Inc. |
Key Segment |
By Offering, By Application, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Flexible & strong communication means to drive business growth by 2027
Advanced satellite communications today are supporting most of the critical communications globally, thereby becoming the adaptable systems aiding the resilient & flexible communication means. This is likely to steer market expansion during the forecast timeline. Moreover, these satellite providers have introduced new technologies supporting the land device aiding the user movement across air, land, and water. The innovative technologies also fulfill the defense requirements. All these aspects will further accelerate the market growth trends over the period from 2019 to 2027.
Apparently, the technological breakthroughs have resulted in the enhancement of transmission capacity and cost reduction of launching satellites for the purpose of commercial and defense applications, thereby creating lucrative growth opportunities for the market. Apart from this, lower end-user device costs have helped the VSAT & wireless equipment gain immense popularity worldwide.
Furthermore, growing military needs like augmentation of broadband capacities with gigabit capacity on satellites will prompt the expansion of the VSAT and Wireless Equipment industry during the period from 2019 to 2027. Nonetheless, the massive costs of the product will deflate business growth during the forecast period.
Integrated systems to dominate the offering segment by 2027
The growth of the segment is due to the system offerings including virtual private network, mobility, video conferencing, fixed telephony, and enterprise services. Apart from this, integrated systems also provide broadcast, unicast, and multicast solutions to its end-users.
Navy segment to lead the application landscape over the forecast timeline
The segmental growth during the period from 2019 to 2027 is owing to a humungous demand for the VSAT and wireless equipment for effectively carrying out naval operations.
Asia Pacific market to register highest CAGR over the forecast period
The market in the Asia Pacific zone is predicted to record the highest growth rate of over 12% during the forecast timespan. The expansion of the industry over the forecast timeline is attributed to the massive demand for VSAT and wireless devices from the defense sector in Indonesia. Moreover, the country is predicted to be the key destination for the market players during the forecast timeframe. The issues like terrorist attacks, piracy, illegal fishing, and drug smuggling have made the country the most attractive defense industry and this will further proliferate the expansion of the industry in the country, thereby contributing notably towards the regional market growth.
Some of the key players in the market include C-COM Satellite Systems Inc., Cobham plc, FURUNO ELECTRIC CO., LTD., Over-Sat, New Japan Radio Co., Ltd., and SageNet, Inc.
This report segments the VSAT and Wireless Equipment market as follows:
VSAT and Wireless Equipment Market: By Offering Segment Analysis
- Integrated Systems
- Standalone Products
VSAT and Wireless Equipment Market: By Application Segment Analysis
VSAT and Wireless Equipment Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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