The global VSAT market was valued around $5 billion in 2015 and is expected to surpass $7 billion by 2020, says Technavio.
Technavio has announced its latest market research report on VSAT to its machine to machine and connected devices portfolio. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global VSAT market during the forecast period 2016-2020. Some of the top vendors listed in this industry analysis include Gilat Satellite Networks, Harris CapRock, Hughes Network Systems, Inmarsat, KVH Industries, ViaSat, and VT iDirect.
“One of the trends gaining popularity in this market is increased use of satellite services for cross-vertical applications such as telemedicine. The technological advancements and the demand for better health facilities calls for the need of telemedicine. To improve a patient’s health status, telemedicine helps by exchanging information from one site to another via electronic communications. This technology has helped doctors to reach out to the distant patients by giving them best solutions,” says Abhishek Sharma, a lead analyst at Technavio for research on machine to machine and connected devices.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Increased demand for technologically advanced satellite imagery
There is an increased demand for digital satellite aerial imagery in various areas such as among planners, developers, and engineers for real-estate management, land calculations, road planning, and small-scale mapping for most land applications. Aerial images provide information on the impact of hazard occurences, in a way supporting recovery agencies and professional response, governments, and communities. Furthermore, it helps urban developers to assess land suitability and land capabilty by providing detail information regarding a particular project site. Besides this, Aerial Imagery provides valuable information and data for various organizations such as defense, mining, agriculture, oil and natural gas, and meteorology. With enhanced technology, the demand for clear images captured by EO satellites has increased among end users, and can be used for forestry, farming, and weather forecasting. The increased use of images in defense, R&D, and science domains has made vendors focus on R&D to develop advanced equipment, including superior lenses along with advanced remote sensing technologies and high resolution cameras.
Government initiatives for effective communication services
A lot of emphasis is given to the penetration of internet and voice based services by governments worldwide. These governments have made it compulsory for cellular operators to integrate the universal service obligation, which allows them to gain out of the low cost and faster rollout of VSAT services, facilitating rural customers to use VSAT communications. These services are not applicable to places with poor infrastructure, due to which the government organizations are adopting VSAT services to provide communication in remote areas. A lot of projects such as e-governance are implemented by the government to provide internet acess to different educational institutes in remote areas using VSAT. Apart from this, it is also used efficiently for providing best health facility such as telemedicine which ensures better diagnosis for the patients.
Remote sensing and GIS in disaster management
In disaster management effective tools like remote sensing and GIS are very effective. Remotely sensed satellite-based aerial data can be used to evaluate the severity and impact of damage due to the natural disasters such as earthquakes, landslides, floods, fires, tsunamis, volcanic eruptions, and cyclones, whereas GIS can be used during the prevention stage to manage huge amount of data essential for vulnerability and hazard assessment. Besides, GIS along with global positioning system prove to be helpful in search and rescue operations in the affected areas. With the increase in such unavoidable disasters, aerial satellite imagery provides pertinent and timely data to GIS in disaster management. Apart from these public health organizations are increasingly adopting satellite-based broadband communication which facilitates quick and better diagnosis of the patients.
Increased adoption of smart vessels in maritime sector
The surge in the number of ships crossing the oceans has led to an increase in maritime traffic, over the decades. The primary reason for this rising traffic is the world trade as the emerging economies like China and India transport goods in heavy amount to distant countries through waterways. According to International Maritime Organisation regulations, it is obligatory that all vessels should be installed with an automatic identification system (AIS) unit to monitor the shipping traffic to avoid collision and increase safety aspects. This traffic is leading to high risk of collisions and wrecks causing high economic costs. To avoid this, AIS with the help of satellite communication, is trying to increase safety and improve operational costs. Besides this, the implementation of big data and analytical tools can improve the quality of data gathered from several vessels to maintain predictive maintenance.
Some of the other prominent vendors identified in this report are Cambium Networks, Comtech Telecommunications, Emerging Markets Communications (EMC), Gigasat, GomSpace, Imtech Marine, Mitsubishi Electric, ND Satcom, Newtec, Norsat International, OmniAccess, Polarsat, SageNet, SkyCasters, SpaceQuest, SpeedCast, Tatanet Services, Telespazi, and Vizada.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, key financials, etc. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global VSAT Market 2016-2020‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Maritime VSAT Market 2015-2019
- Global Enterprise VSAT Market 2015-2019
- Global Satellite Ground Station Equipment Market 2016-2020
- Global Satellite Broadband Communication in Public Safety Market 2016-2020
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