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VSAT Market Overview annual growth rate of 13.74% during growth. Furthermore, new business
that period. models like Wi-Fi Hotspots are pro-
The global VSAT satellite com- These VSAT market assessments liferating, which would open the low-
munication system market is project- are shared by a NSR Report, released est segments of the market. Smallcells
ed to reach US$7.55 billion by 2025, in January 2019, which concluded that will drive 43% of Service Revenues by
expanding at a compounded annual enterprise VSAT alone will contrib- 2027.”
growth rate (CAGR) of 4.4%, accord- ute US$12.3 billion in capacity reve- The growth of the VSAT market is
ing to a new Reportbuyer.com market nues by 2027, driven by key verticals getting more evident in several emerg-
intelligence report. The ever-increas- worldwide. NSR forecasts that VSAT ing economies, particularly in Asia
ing freight trade, which has grown on and broadband satellite markets will Pacific and Latin America, that are
account of increasing volume of goods have cumulative revenues of US$ 159 undertaking initiatives to digitalize
being exported and imported, and the billion in the next decade, with 13.4% their economies to compete with their
emergence of China and India as glob- annual growth in the installed base of developed competitors. An example is
al manufacturing hubs, have resulted consumer sites alone. Mexico Conectado, an initiative un-
in establishment of new trade routes “Satellite Consumer Broadband is dertaken by the government of Mex-
from Asia Pacific to other parts of the just scratching the surface of the op- ico, that aims to digitalize the country
world. These developments are stim- portunity, capturing less than 1% of by providing free internet in public
ulating higher usage for VSATs on the potential addressable market,” spaces such as hospitals, schools,
moving ships and on greater number states Lluc Palerm, NSR senior an- parks, squares and universities. Pega-
of planes, owing to the proliferation alyst. “The VSAT ecosystem is still so Banda Ancha (PBA), a satellite
of budget airlines. underdeveloped in many regions. A company, has deployed over 22,000
The maritime sector has become stronger focus on retail, and newly VSATs since 2004 in collaboration
one of VSAT’s most vibrant market. available capacity, will see accelerated with Mexico’s Ministry of Commu-
Today, ships and their crew stay con-
nected with VSATs, which provide
high-speed Internet access and phone
service, monitoring weather patterns
to cut fuel costs, filing regulatory doc-
uments and ordering supplies from
sea to save time in port and generating
business intelligence through a grow-
ing range of software applications.
Other major customers in the VSAT
market include government agencies
and commercial markets such as oil
and gas companies.
A recent report by Technavio on
Global Maritime VSAT Market says
maritime VSAT revenues are set to
grow by more than 13.7% to 2021.
Technavio’s analysts forecast the glob-
al market will grow at a compounded
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