According to a new market research report published by Credence Research “Satellite Dish Market (Product Type – Motor-driven, Multi-satellite, Very Small Aperture Terminal (VSAT) and others (DTH, SMARTV, etc.)), (Application- Commercial and Civil, Government and Military)) – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the overall satellite dish market worldwide is set to grow with a CAGR of 3.4% during the forecast period.
The satellite dish market is rising due to steady growth of satellite industry worldwide. According to Satellite Industry Association, the satellite industry market is growing with healthy pace to reach more than US$ 277.4 Bn in 2018. Satellite dish is basically a communication device used to receive and send microwave signals. These satellite dishes are being used for data communication of all kinds. Further, satellite dishes worked as a data communication tool for various devices includes radio, broadband, mobile, remote sensing among others. Wide application of satellite dishes in military, residential, commercial and other sectors are other major growth factors for the market. As a result of all these factors, the satellite dish market is expected to show healthy growth throughout the forecast period.
Based on product, satellite dish market is segmented into motor-driven, multi satellite, very small aperture terminal (VSAT) dishes and others (DTH, SMARTV, etc.). All the segments have diverse functions, different advantages & disadvantages and used for dissimilar purposes. VSAT satellite dish segment was the largest segment accounted for more than 30% of the market share worldwide. VSAT satellite dish is employed for all operations either it is private network operations or consumer network operations. VSAT satellite dish is used for transmitting narrowband or broadband data and used for various purposes such as polling, radio-frequency identification, among others. Therefore, we are expecting the VSAT satellite dish segment to lead the market during the forecast period 2019 to 2027.
Based on the geography, North America has the highest share in satellite dish market, accounted for more than 35% of the revenue worldwide. North America has the highest share owing to huge share of U.S in satellite industry. Asia Pacific will be the fastest growing satellite dish market during the forecast period owing to rising investments in satellite industry and rapid increase in use of satellite antenna. Emerging economies of Asia Pacific such as China and India are the leading countries due to rising disposable income and huge financial budget for satellite industry. As a result, Asia Pacific will be the fastest growing region throughout the forecast period.
Some of the major companies profiled 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 Huaxin Antenna Technology Co., Ltd. among others.
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