Market to Aggregate $135.3 Billion in Cumulative Revenues through Decade
CAMBRIDGE, Mass., Dec. 09, 2021 (GLOBE NEWSWIRE) -- NSR’s newly released VSAT and Broadband Satellite Market, 20th Edition (VBSM20) finds HTS, a major market growth factor, moving the segment from 800 Gbps in 2020 demand to 15 Tbps in 2030. The market will hit cumulative revenues of $135.3 Billion over the next decade, with a significant demand in evolving Consumer Broadband and Social Inclusion segment leading opportunities.
“The industry is witnessing growing calls for increased bandwidth as end-users infuse digitization, multiple social inclusion programs add new sites, and demand for Value Added Services such as Cloud or SD-WAN increase,” notes report author Vivek Suresh Prasad.
“These basic components lay the groundwork for a strong VSAT market in the long-term, though near-term challenges do continue to slow market the growth pace, with mixed trends visible across applications and regions,” adds Prasad.
Retail/Hospitality and Banking segments witness challenges in NAM & EU regions due to terrestrial competition and market saturation, while higher demand for upgrades remains in emerging regions. Capacity supply constraints also slow overall growth in the segment as the industry awaits upcoming capacity in LEO and GEO to capture opportunity.
“It will be of utmost importance for service providers to precisely balance pricing and cost, by offering innovative business models and capturing government subsidies,” concluded Prasad. “With a total addressable market of 448 million households, pricing is key to advancing capture rates for Consumer Broadband.”
About the Report
NSR’s VSAT and Broadband Satellite Market, 20th Edition is the longest-running industry analysis of the fixed broadband satellite sector. Offering industry-leading assessment of the changing market dynamics across Enterprise VSAT & Consumer Broadband segments, the report provides a roadmap of near through long term opportunity and challenges. With its segmented view across region, application, and frequency band, VBSM20 enables decision makers to navigate trends, opportunities, and developments across the value chain.
For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit www.nsr.com or call NSR at +1-617-674-7743.
Companies and Organizations Mentioned in NSR’s VBSM20:
19Labs, AfricaOnline, AMN, Apexsat, Arabsat, AT&T, Alaska Communications, Avanti Communications, Bangladesh Communication Satellite Company, Bharat Broadband Nigam Limited (BBNL), BT, BT Plc, Comtech, ColinaNet, Canadian Government, Eutelsat, Gilat, Galaxy Broadband, Global Invacom, Globe, GCI, Hughes, Hispasat, ST Engineering, Intelsat, Inred, Kacific, KDDI, Liquid Telecom, Lintasarta, mgi Global Services Limited, NorthWesTEl, NBN Co., NSSL Global, Nigerian Communications Commission, OneWeb, Oxxo Convenience Stores, OptimERA, Paratus, PSN, PT. Dwi Tunggal Putra, RSCC, Rock Networks, Speedcast, SES, SKY Brasil, SpaceX, Sonali Bank, SSI Canada, Telesat, Telebras, Telespazio, Telefónica, TIM, Talia, TrustComm, UHP, Universal Satcom, Viasat, Visiontec, Vox, Xplorenet and Yahsat.
NSR is the leading global market research and consulting firm focused on the satellite and space sectors, NSR’s global team, unparalleled coverage and anticipation of trends with a high degree of confidence and precision than the competition is the cornerstone of all NSR offerings. First to market coverage and a transparent, dependable approach sets NSR apart as the key provider of critical insight to the satellite and space industries.
Contact us at email@example.com to discuss how we can assist your business.
NSR Marketing Director