LATAM VSAT Maritime Antenna Market to Grow at a CAGR of 14.2% During the Forecast Period 2020-2025
Posted on Jun 30 2020 4:15 PM "The Increasing Need for Data Communication in the Marine Industry Driving the Growth of LATAM VSAT Maritime Antennas Market. " LATAM VSAT Maritime Antenna Market is anticipated to reach $180 million by 2025 with a CAGR of 14.2% in the Forecast period 2020-2025. Increasing demand from passengers, as well as regulatory pressure on communications and crew welfare are major factors pushing maritime operators to install new generation satellite systems on their vessels. In addition, decreasing prices for capacity and terminals encourage increased VSAT services adoption. In addition, High throughput satellite (HTS) capacity is rising fast and is expected to grow even faster in the forecast period, as new operators enter the market. Hardware, such as receiving antennas and modems, is also evolving rapidly. Smaller, lighter, and more efficient antenna systems are gaining traction as the LATAM VSAT Maritime Antenna industry constantly evolves. More...