VSAT Market Surges with Technological Innovations and High-Speed Internet Demand
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In the forecast period 2025-2029, the market is expected to be propelled by technological advancements, a rising appetite for high-speed internet connectivity, and expanding applications across sectors like telecommunications, maritime, and oil & gas. According to a report by TechSci Research titled " Global Very Small Aperture Terminal (VSAT) Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F," the global VSAT market reached USD 12.28 Billion in 2023 and is forecasted to grow at a CAGR of 7.14% during 2025-2029. The global market for Very Small Aperture Terminals (VSAT) is witnessing notable growth driven by various factors. VSAT technology stands out for its dependable satellite-based communication solutions, particularly valuable in remote and underserved regions. This surge is fueled by escalating demands for high-speed data transfer, internet connectivity, and enterprise networking applications. Moreover, ongoing technological e...