According to a new FMI report, the Enterprise VSAT Systems Market would grow at a CAGR of 4.3 percent to reach US$ 7.1 billion by 2032, up from US$ 4.7 billion in 2022. According to this study, the increasing use of VSAT systems in the maritime industry is expected to drive market growth over the forecast period.
Enterprise VSAT Systems are often deployed on ships to provide rapid broadband connectivity for both personal and commercial communications, which is fueling the market growth. VSAT is used in video conferencing and ERP in the industry, as well as streaming, video messaging, and email in personal interactions, which is another driver driving market expansion throughout the study period. Furthermore, Enterprise VSAT is utilized in surveillance applications to assist security forces in marine operations requiring compact, lightweight, and small equipment, as well as to protect coastal areas, which drives the Enterprise VSAT System Market.
Environment of Competition
Alliances, collaborations, and partnerships are among the strategies used by players in the global Enterprise VSAT Systems Market to expand their global presence. Businesses are also extensively spending on R&D to include new features into their products, which will help them improve their position in the global market. Some of the most recent developments among the major players are as follows:
- GILAT SATELLITE NETWORKS
- Comtech Telecommunications Corp.
- Cambium Networks, Ltd.
- Telefónica, S.A.
- Ultra Electronics
- Hughes Network Systems, LLC
- Airtel India