March 28, 2020
Satellite Dish

Satellite Dish Market is expected to register the highest CAGR according to market forecasts

The global market for the satellite dish is projected to grow with a CAGR of 3.4% over the forecast period.

The market for the satellite dish is rising due to the steady growth of the satellite industry worldwide. According to the Satellite Industry Association, the satellite industry market is growing at a healthy pace to reach more than US$ 277.4 billion in 2018. The satellite dish is basically a communication device used for receiving and sending microwave signals. These satellite dish are used for all kinds of data communication. In addition, satellite dish worked as a data communication tool for various devices, including radio, broadband, mobile, and remote sensing, among others. The wide use of satellite dish in the military, residential, commercial and other sectors is another major growth factor for the market. As a result of all these factors, the market for the satellite dish is expected to show healthy growth throughout the forecast period.

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Based on the product, the market for the satellite dish is segmented into motor-driven, multi-satellite, very small aperture terminal (VSAT) dish and others (DTH, SMARTV, etc.). All segments have different functions, different advantages and disadvantages and are used for different purposes. The largest segment of the VSAT Satellite Dish segment accounted for more than 30% of the global market share. VSAT satellite dish is used for all operations of either private network operations or consumer network operations. The VSAT satellite dish is used for the transmission of narrowband or broadband data and is used for various purposes, such as polling, radio frequency identification, among others. We therefore expect the segment of VSAT satellite dish to lead the market during the forecast period 2019 to 2027.

Based on geography, North America has the highest market share of satellite dish, accounting for more than 35% of global revenues. North America has the highest share in the satellite industry due to a large share of the U.S. Asia Pacific will be the fastest growing market for satellite dish during the forecast period due to increasing investments in the satellite industry and a rapid increase in the use of the satellite antenna. Emerging Asia-Pacific economies, such as China and India, are the leading countries due to rising disposable incomes and a huge financial budget for the satellite industry. As a result, Asia Pacific will be the fastest growing region in the forecast period.

Some of the major companies included in the report include Viasat, Inc., Ubiquiti Networks, KVH Industries, SVEC, ThinKom Solutions, Inc., Electronic Controlled Systems, Hughes Network Systems, iDirect, Renqiu Sanwei Communication Equipment Co., Ltd., Wuxi Tianqi Communication Equipment Factory, Gilat Satellite Networks, Kymeta Corporation, Hebei Linuo Communication Equipment Co., Ltd., Shenzhen H.

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