CompetitionVSAT is facing accelerating competition from LEO players, manifesting most visibly in Fixed Broadband and Maritime.
Competitive PressureThe stock has been under pressure in recent months due to competitive overhangs, including feared Starlink encroachment, along with VSAT’s own satellite capacity constraints.
Market DynamicsSupply of data applications is set to rise much faster than demand, which is expected to remain above demand for years to come.