The VSAT (Very Small Aperture Terminal) Market is expected to register a CAGR of 16.80% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The VSAT (Very Small Aperture Terminal) Market report covers analysis by Solution, Platform, and Application. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report VSAT (Very Small Aperture Terminal) Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
VSAT (Very Small Aperture Terminal) Market Segmentation
Solution- Equipment
- Services
- Land VSAT
- Maritime VSAT
- Airborne VSAT
- Broadband / Data Networks
- Voice Communications
- Private Network Services
- Broadcast
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
VSAT (Very Small Aperture Terminal) Market Growth Drivers- Growing demand for broadband connectivity: The VSAT market is also growing significantly, due to the need for broadband connectivity in remote areas. Here, the mining, oil & gas, and maritime sectors are the key demand generators as remote operations have a heavy reliance on stable channels of communication. The analysis of regional market trends facilitates key players to invest in advanced VSAT solutions in the market as the market size expands. PEST analysis further shows that the government also supports those programs that might provide connectivity to less-reached areas.
- IoT and M2M driving growth: IoT (Internet of Things) and M2M (Machine-to-Machine) communication are a cause of growth in VSAT. IoT and M2M need data to travel consistently in a reliable nature, which VSAT performs even in challenging geographies. Market growth is being driven by growth in reliance on IoT in industries such as logistics, agriculture, and utilities. According to a VSAT (Very Small Aperture Terminal) Market report, growing adoption rates, and competitive analysis indicate that global market players are focusing on VSAT innovations to meet the changing communication needs of IoT ecosystems
- Technological advancements reducing costs: Technological advancements in VSAT systems make it cheaper and more efficient, pushing VSAT (Very Small Aperture Terminal) Market size further. New technologies allow for data transmission with a higher speed and lesser latency; therefore, business that requires high-performance and low-cost communication attracts it. Market trend analysis reflects major companies are investing in research and development to enhance improvements to VSAT technology. From the above market analysis, it also follows that the improvements also raise the scope of application by VSAT and thus enhance the size of the global market.
- Shift towards high-throughput satellites: The market for VSAT is increasingly moving towards HTS because of the increasing requirement for high-speed data transfer in remote areas. Recently, market research has projected that HTS technology provides much higher data capacity and supports industries with huge communication requirements. The SWOT analysis further reflects that the adoption of HTS enhances the competitive position of VSAT vendors since it improves the quality of services. This trend impacts VSAT (Very Small Aperture Terminal) Market dynamics as key players start adopting HTS for more bandwidth-intensive applications
- Integration with 5G networks: The new trend of integration of VSAT systems into 5G networks for smooth global connectivity. VSAT (Very Small Aperture Terminal) Market strategies in the present times by key players mainly focus on integrating 5G-VSAT for data usage in both rural and urban spaces. The overall market dynamics suggest that this is a kind of revolution to be witnessed in the telecommunication world, ensuring faster data transfer and minimal latency. VSAT (Very Small Aperture Terminal) Market forecast: This integration will influence future remote communications and is expected to grow strongly in the market.
- Adoption of SDN in VSAT: This would place business needs for flexibility and dynamism in satellite communications on the forefront, allowing for the adoption of SDN in the VSAT market. This development allows dynamic network realignment in accord with specific demand requirements, therefore enhancing operating efficiency. With SWOT analysis, integrating SDN with the VSAT will enhance market competitiveness as management of the network would become easy. The current market leaders will continue adopting SDN into their strategies in VSAT-based developments to create a platform that is more scalable and efficient, and this shall play a crucial role in the development of favorable dynamics in the market.
- Growth opportunities in Asia-Pacific: This offers a great growth opportunity for the VSAT market since connectivity infrastructure is still minimal in regions such as Africa and Asia-Pacific. Unexploited opportunities exist here for players in the industry. Positive government policies combined with rising demand for internet access will see industry landscape development across these geographies. Such opportunities support VSAT providers who plan to develop infrastructure in these geographies and form a key focus area for further market penetration.
- Energy sector driving North America: The growing energy sector in North America presents a massive opportunity for VSAT, as this space needs remote connectivity. When energy companies are venturing into distant locations, the VSAT (Very Small Aperture Terminal) Market overview reports depict that the VSAT is an efficient form of communication. The competitive growth opportunity projections are expected to improve the possibility of the VSAT industry capturing a more significant VSAT (Very Small Aperture Terminal) Market share. Moreover, this trend is even more promising since the existing VSAT infrastructure makes North America a leading geography concerning the industry's progress.
- High potential in maritime industry: One high growth potential area for VSAT solutions lies in the maritime industry since ships need internet connectivity to perform operations as well as care for crew members. Industry landscape and market share evaluation studies suggest that adoption rates are quite high, thus, leading to VSAT providers offering services in the maritime segment. This market focus on maritime connectivity creates a huge opportunity for VSAT (Very Small Aperture Terminal) Market growth in places that have intense traffic through sea routes.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the VSAT (Very Small Aperture Terminal) Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the VSAT (Very Small Aperture Terminal) Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Key future trends in this market are - Increase in demand for high-definition displays, Growth in consumer electronics, Advancements in nanotechnology
Key companies of this market are - Atos SE, Cobham Limited, General Dynamics Mission Systems Inc, Gilat Satellite Networks, Hughes Network Systems LLC, KVH Industries Inc, L3Harris Technologies Inc, Singtel, Thales Group.
The VSAT (Very Small Aperture Terminal) Market is estimated to witness a CAGR of 16.80% from 2023 to 2031.
The major factors driving the VSAT (Very Small Aperture Terminal) Market are: Rising Demand for Broadband Connectivity in Remote Areas, Increasing Adoption of IoT and M2M Communication, and Advancements in VSAT Technology and Cost-Effectiveness
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1VSAT (Very Small Aperture Terminal) Market - By Solution
1.3.2VSAT (Very Small Aperture Terminal) Market - By Platform
1.3.3VSAT (Very Small Aperture Terminal) Market - By Application
1.3.4VSAT (Very Small Aperture Terminal) Market - By Region
1.3.4.1By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4.VSAT (VERY SMALL APERTURE TERMINAL) MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER™S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.VSAT (VERY SMALL APERTURE TERMINAL) MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.VSAT (VERY SMALL APERTURE TERMINAL) MARKET - GLOBAL MARKET ANALYSIS
6.1.VSAT (VERY SMALL APERTURE TERMINAL) - GLOBAL MARKET OVERVIEW
6.2.VSAT (VERY SMALL APERTURE TERMINAL) - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.VSAT (VERY SMALL APERTURE TERMINAL) MARKET - REVENUE AND FORECASTS TO 2028- SOLUTION
7.1.OVERVIEW
7.2.SOLUTION MARKET FORECASTS AND ANALYSIS
7.3.EQUIPMENT
7.3.1.Overview
7.3.2.Equipment Market Forecast and Analysis
7.3.3.Out-Door Unit (ODU) Market
7.3.3.1.Overview
7.3.3.2.Out-Door Unit (ODU) Market Forecast and Analysis
7.3.4.In-Door Unit (IDU) Market
7.3.4.1.Overview
7.3.4.2.In-Door Unit (IDU) Market Forecast and Analysis
7.3.5.Mounts Market
7.3.5.1.Overview
7.3.5.2.Mounts Market Forecast and Analysis
7.3.6.Antenna Control Unit (ACU) Market
7.3.6.1.Overview
7.3.6.2.Antenna Control Unit (ACU) Market Forecast and Analysis
7.3.7.Others Market
7.3.7.1.Overview
7.3.7.2.Others Market Forecast and Analysis
7.4.SERVICES
7.4.1.Overview
7.4.2.Services Market Forecast and Analysis
8.VSAT (VERY SMALL APERTURE TERMINAL) MARKET - REVENUE AND FORECASTS TO 2028- PLATFORM
8.1.OVERVIEW
8.2.PLATFORM MARKET FORECASTS AND ANALYSIS
8.3.LAND VSAT
8.3.1.Overview
8.3.2.Land VSAT Market Forecast and Analysis
8.4.MARITIME VSAT
8.4.1.Overview
8.4.2.Maritime VSAT Market Forecast and Analysis
8.5.AIRBORNE VSAT
8.5.1.Overview
8.5.2.Airborne VSAT Market Forecast and Analysis
9.VSAT (VERY SMALL APERTURE TERMINAL) MARKET - REVENUE AND FORECASTS TO 2028- APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.BROADBAND / DATA NETWORKS
9.3.1.Overview
9.3.2.Broadband / Data Networks Market Forecast and Analysis
9.4.VOICE COMMUNICATIONS
9.4.1.Overview
9.4.2.Voice Communications Market Forecast and Analysis
9.5.PRIVATE NETWORK SERVICES
9.5.1.Overview
9.5.2.Private Network Services Market Forecast and Analysis
9.6.BROADCAST
9.6.1.Overview
9.6.2.Broadcast Market Forecast and Analysis
9.7.OTHERS
9.7.1.Overview
9.7.2.Others Market Forecast and Analysis
10.VSAT (VERY SMALL APERTURE TERMINAL) MARKET REVENUE AND FORECASTS TO 2028- GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America VSAT (Very Small Aperture Terminal) Market Overview
10.1.2North America VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis
10.1.3North America VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Solution
10.1.4North America VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Platform
10.1.5North America VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Application
10.1.6North America VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Countries
10.1.6.1United States VSAT (Very Small Aperture Terminal) Market
10.1.6.1.1United States VSAT (Very Small Aperture Terminal) Market by Solution
10.1.6.1.2United States VSAT (Very Small Aperture Terminal) Market by Platform
10.1.6.1.3United States VSAT (Very Small Aperture Terminal) Market by Application
10.1.6.2Canada VSAT (Very Small Aperture Terminal) Market
10.1.6.2.1Canada VSAT (Very Small Aperture Terminal) Market by Solution
10.1.6.2.2Canada VSAT (Very Small Aperture Terminal) Market by Platform
10.1.6.2.3Canada VSAT (Very Small Aperture Terminal) Market by Application
10.1.6.3Mexico VSAT (Very Small Aperture Terminal) Market
10.1.6.3.1Mexico VSAT (Very Small Aperture Terminal) Market by Solution
10.1.6.3.2Mexico VSAT (Very Small Aperture Terminal) Market by Platform
10.1.6.3.3Mexico VSAT (Very Small Aperture Terminal) Market by Application
10.2.EUROPE
10.2.1Europe VSAT (Very Small Aperture Terminal) Market Overview
10.2.2Europe VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis
10.2.3Europe VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Solution
10.2.4Europe VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Platform
10.2.5Europe VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Application
10.2.6Europe VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Countries
10.2.6.1Germany VSAT (Very Small Aperture Terminal) Market
10.2.6.1.1Germany VSAT (Very Small Aperture Terminal) Market by Solution
10.2.6.1.2Germany VSAT (Very Small Aperture Terminal) Market by Platform
10.2.6.1.3Germany VSAT (Very Small Aperture Terminal) Market by Application
10.2.6.2France VSAT (Very Small Aperture Terminal) Market
10.2.6.2.1France VSAT (Very Small Aperture Terminal) Market by Solution
10.2.6.2.2France VSAT (Very Small Aperture Terminal) Market by Platform
10.2.6.2.3France VSAT (Very Small Aperture Terminal) Market by Application
10.2.6.3Italy VSAT (Very Small Aperture Terminal) Market
10.2.6.3.1Italy VSAT (Very Small Aperture Terminal) Market by Solution
10.2.6.3.2Italy VSAT (Very Small Aperture Terminal) Market by Platform
10.2.6.3.3Italy VSAT (Very Small Aperture Terminal) Market by Application
10.2.6.4United Kingdom VSAT (Very Small Aperture Terminal) Market
10.2.6.4.1United Kingdom VSAT (Very Small Aperture Terminal) Market by Solution
10.2.6.4.2United Kingdom VSAT (Very Small Aperture Terminal) Market by Platform
10.2.6.4.3United Kingdom VSAT (Very Small Aperture Terminal) Market by Application
10.2.6.5Russia VSAT (Very Small Aperture Terminal) Market
10.2.6.5.1Russia VSAT (Very Small Aperture Terminal) Market by Solution
10.2.6.5.2Russia VSAT (Very Small Aperture Terminal) Market by Platform
10.2.6.5.3Russia VSAT (Very Small Aperture Terminal) Market by Application
10.2.6.6Rest of Europe VSAT (Very Small Aperture Terminal) Market
10.2.6.6.1Rest of Europe VSAT (Very Small Aperture Terminal) Market by Solution
10.2.6.6.2Rest of Europe VSAT (Very Small Aperture Terminal) Market by Platform
10.2.6.6.3Rest of Europe VSAT (Very Small Aperture Terminal) Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific VSAT (Very Small Aperture Terminal) Market Overview
10.3.2Asia-Pacific VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis
10.3.3Asia-Pacific VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Solution
10.3.4Asia-Pacific VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Platform
10.3.5Asia-Pacific VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Countries
10.3.6.1Australia VSAT (Very Small Aperture Terminal) Market
10.3.6.1.1Australia VSAT (Very Small Aperture Terminal) Market by Solution
10.3.6.1.2Australia VSAT (Very Small Aperture Terminal) Market by Platform
10.3.6.1.3Australia VSAT (Very Small Aperture Terminal) Market by Application
10.3.6.2China VSAT (Very Small Aperture Terminal) Market
10.3.6.2.1China VSAT (Very Small Aperture Terminal) Market by Solution
10.3.6.2.2China VSAT (Very Small Aperture Terminal) Market by Platform
10.3.6.2.3China VSAT (Very Small Aperture Terminal) Market by Application
10.3.6.3India VSAT (Very Small Aperture Terminal) Market
10.3.6.3.1India VSAT (Very Small Aperture Terminal) Market by Solution
10.3.6.3.2India VSAT (Very Small Aperture Terminal) Market by Platform
10.3.6.3.3India VSAT (Very Small Aperture Terminal) Market by Application
10.3.6.4Japan VSAT (Very Small Aperture Terminal) Market
10.3.6.4.1Japan VSAT (Very Small Aperture Terminal) Market by Solution
10.3.6.4.2Japan VSAT (Very Small Aperture Terminal) Market by Platform
10.3.6.4.3Japan VSAT (Very Small Aperture Terminal) Market by Application
10.3.6.5South Korea VSAT (Very Small Aperture Terminal) Market
10.3.6.5.1South Korea VSAT (Very Small Aperture Terminal) Market by Solution
10.3.6.5.2South Korea VSAT (Very Small Aperture Terminal) Market by Platform
10.3.6.5.3South Korea VSAT (Very Small Aperture Terminal) Market by Application
10.3.6.6Rest of Asia-Pacific VSAT (Very Small Aperture Terminal) Market
10.3.6.6.1Rest of Asia-Pacific VSAT (Very Small Aperture Terminal) Market by Solution
10.3.6.6.2Rest of Asia-Pacific VSAT (Very Small Aperture Terminal) Market by Platform
10.3.6.6.3Rest of Asia-Pacific VSAT (Very Small Aperture Terminal) Market by Application
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa VSAT (Very Small Aperture Terminal) Market Overview
10.4.2Middle East and Africa VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis
10.4.3Middle East and Africa VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Solution
10.4.4Middle East and Africa VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Platform
10.4.5Middle East and Africa VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Countries
10.4.6.1South Africa VSAT (Very Small Aperture Terminal) Market
10.4.6.1.1South Africa VSAT (Very Small Aperture Terminal) Market by Solution
10.4.6.1.2South Africa VSAT (Very Small Aperture Terminal) Market by Platform
10.4.6.1.3South Africa VSAT (Very Small Aperture Terminal) Market by Application
10.4.6.2Saudi Arabia VSAT (Very Small Aperture Terminal) Market
10.4.6.2.1Saudi Arabia VSAT (Very Small Aperture Terminal) Market by Solution
10.4.6.2.2Saudi Arabia VSAT (Very Small Aperture Terminal) Market by Platform
10.4.6.2.3Saudi Arabia VSAT (Very Small Aperture Terminal) Market by Application
10.4.6.3U.A.E VSAT (Very Small Aperture Terminal) Market
10.4.6.3.1U.A.E VSAT (Very Small Aperture Terminal) Market by Solution
10.4.6.3.2U.A.E VSAT (Very Small Aperture Terminal) Market by Platform
10.4.6.3.3U.A.E VSAT (Very Small Aperture Terminal) Market by Application
10.4.6.4Rest of Middle East and Africa VSAT (Very Small Aperture Terminal) Market
10.4.6.4.1Rest of Middle East and Africa VSAT (Very Small Aperture Terminal) Market by Solution
10.4.6.4.2Rest of Middle East and Africa VSAT (Very Small Aperture Terminal) Market by Platform
10.4.6.4.3Rest of Middle East and Africa VSAT (Very Small Aperture Terminal) Market by Application
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America VSAT (Very Small Aperture Terminal) Market Overview
10.5.2South and Central America VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis
10.5.3South and Central America VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Solution
10.5.4South and Central America VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Platform
10.5.5South and Central America VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Application
10.5.6South and Central America VSAT (Very Small Aperture Terminal) Market Forecasts and Analysis - By Countries
10.5.6.1Brazil VSAT (Very Small Aperture Terminal) Market
10.5.6.1.1Brazil VSAT (Very Small Aperture Terminal) Market by Solution
10.5.6.1.2Brazil VSAT (Very Small Aperture Terminal) Market by Platform
10.5.6.1.3Brazil VSAT (Very Small Aperture Terminal) Market by Application
10.5.6.2Argentina VSAT (Very Small Aperture Terminal) Market
10.5.6.2.1Argentina VSAT (Very Small Aperture Terminal) Market by Solution
10.5.6.2.2Argentina VSAT (Very Small Aperture Terminal) Market by Platform
10.5.6.2.3Argentina VSAT (Very Small Aperture Terminal) Market by Application
10.5.6.3Rest of South and Central America VSAT (Very Small Aperture Terminal) Market
10.5.6.3.1Rest of South and Central America VSAT (Very Small Aperture Terminal) Market by Solution
10.5.6.3.2Rest of South and Central America VSAT (Very Small Aperture Terminal) Market by Platform
10.5.6.3.3Rest of South and Central America VSAT (Very Small Aperture Terminal) Market by Application
11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12.VSAT (VERY SMALL APERTURE TERMINAL) MARKET, KEY COMPANY PROFILES
12.1.ATOS SE
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.COBHAM LIMITED
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.GENERAL DYNAMICS MISSION SYSTEMS, INC.
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.GILAT SATELLITE NETWORKS
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.HUGHES NETWORK SYSTEMS LLC.
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.KVH INDUSTRIES, INC.
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.L3HARRIS TECHNOLOGIES, INC.
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.SINGTEL
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.THALES GROUP
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.VIASAT INC
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
The List of Companies
1. Atos SE
2. Cobham Limited
3. General Dynamics Mission Systems, Inc.
4. Gilat Satellite Networks
5. Hughes Network Systems LLC.
6. KVH Industries, Inc.
7. L3Harris Technologies, Inc.
8. Singtel
9. Thales Group
10. Viasat Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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