The VSAT (Very Small Aperture Terminal) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s VSAT (Very Small Aperture Terminal) Global Market Report 2024, The vsat (very small aperture terminal) market size has grown rapidly in recent years. It will grow from $10.92 billion in 2023 to $12.53 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to remote connectivity needs, emergency and disaster response, rural and remote broadband access, maritime and aviation communication, military and defense applications.
The vsat (very small aperture terminal) market size is expected to see rapid growth in the next few years. It will grow to $20.85 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to increasing maritime and aviation demand, digital inclusion initiatives, cybersecurity and data protection, l-band and ka-band expansion, emergency response and disaster recovery. Major trends in the forecast period include high throughput satellites (hts), 5g integration, iot connectivity and m2m connectivity, satellite-as-a-service (saas),cybersecurity and data protection.
An increase in broadband connections for the internet is expected to propel the growth of the VSAT (Very Small Aperture Terminal) market. Broadband refers to high-capacity transmission technology that transmits data, voice, and video across long distances and at high speeds. A VSAT is a two-way ground station that transmits and receives data from satellites, and this technology is capable of up-linking and down-linking communication signals for both narrow and broadband data to satellites in orbit in real-time. The VSAT technology is used by broadband companies for the internet. For instance, according to Capgemini, a France-based information technology company, in 2021, there are 82% fixed broadband connections in the US, which is expected to increase 86% of customers in 2025 in the US. Therefore, the increase in broadband connections for the internet is driving the growth of the VSAT market.
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The vsat (very small aperture terminal) market covered in this report is segmented –
1) By Type: Standard VSAT, USAT
2) By Solution: Equipment, Support Services, Connectivity Services
3) By Platform: Land VSAT, Maritime VSAT, Airborne VSAT
4) By Frequency: Ku-Band, Ka-Band, X-Band, C-Band, L-Band, S-Band, Multi-Band
5) By Verticals: Healthcare, Energy And Power, Education, BFSI, Media And Entertainment, Retail, Transportation And Logistics, Telecommunications, Maritime, Other Verticals
Technological advancement is a key trend gaining popularity in the VSAT (Very Small Aperture Terminal) market. Major companies operating in the market are introducing new technologies such as SkyEdge IV which work on software-defined satellites and support cloud software-defined networks, to sustain their position in the market. For instance, in May 2023, Viasat Inc., a US-based communications company, launched ViaSat-3 Americas, a broadband satellite designed to provide high-speed broadband connectivity in the Americas region. Whether on land, in the sea, or in the air, the ViaSat-3 family of Ka-band satellites can each supply over 1 Terabit per second (Tbps) of throughput capacity. They also have the dynamic flexibility to relocate and concentrate that capacity where it’s most required.
The vsat (very small aperture terminal) market report table of contents includes:
1. Executive Summary
2. VSAT (Very Small Aperture Terminal) Market Characteristics
3. VSAT (Very Small Aperture Terminal) Market Trends And Strategies
4. VSAT (Very Small Aperture Terminal) Market – Macro Economic Scenario
5. Global VSAT (Very Small Aperture Terminal) Market Size and Growth
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26. South America VSAT (Very Small Aperture Terminal) Market
27. Brazil VSAT (Very Small Aperture Terminal) Market
28. Middle East VSAT (Very Small Aperture Terminal) Market
29. Africa VSAT (Very Small Aperture Terminal) Market
30. VSAT (Very Small Aperture Terminal) Market Competitive Landscape And Company Profiles
Top Major Players:
- Orbit Communication Systems Ltd
- L3Harris Technologies Inc
- Inmarsat Global Limited
- Viasat Inc
- Gilat Satellite Networks Ltd
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