North American VSAT Market Insight
Despite a decreased military budget and spending, North America is anticipated to continue experiencing strong growth with a CAGR of % over the forecast period.
Most of this new growth can be attributed to increased demand from civilian applications that benefit from satellite’s unique strengths coupled with very small aperture terminal’s (VSAT) continually increasing performance and value.
Certain market verticals (including oil and gas, financial institutions, and point of sale), are all experiencing growth rates beyond the average for satellite VSAT adoption and revenue generation.
Hughes and ViaSat continue to dominate this market due to their combination of high-bandwidth satellite ownership and coverage and best-in-class VSAT equipment and services. This trend is not expected to change throughout the forecast period, although growing and upcoming market verticals will provide new potential for smaller VSAT operators with a more specialized sales approach.
About this report
This research study covers the North American Satellite very small aperture terminal (VSAT) market for all communication services except for video distribution to enterprise users. VSAT is a term that is loosely used to describe any fixed satellite terminal that provides one-way or two-way communications. This research includes market base year and forecasted data, company market share, and vertical market breakouts for oil and gas, financial institutions, and retail.
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