VSAT (Very Small Aperture Terminal) Market Forecasts to 2028 – Global Analysis By Solution (Support Services, Equipment), Product (Mobile, Fixed), Application (Broadcast, Broadband), End User (Retail, BFSI) and By Geography
According to Stratistics MRC, the Global VSAT (Very Small Aperture Terminal) Market is accounted for $9.67 billion in 2020 and is expected to reach $19.98 billion by 2028 growing at a CAGR of 9.5% during the forecast period. Increasing adoption of VSAT technology for crew welfare in the oil & gas industry, high need for VSAT systems in the maritime industry, and demand for broadband data connections from government and business sectors are driving the market growth. However, an issue with connectivity at sea is hampering the growth of the market.
Very small aperture terminals are communication terminals used to transmit & receive text, video, and audio text using satellite broadband internet services. VSAT terminals are used for high-frequency trading and data management. A VSAT network consists of the main station called a hub and other sites that are located in remote places which communicate with the geostationary satellite. It is also used in the voice-over-internet protocol (VoIP), POS transactions, and satellite internet. These networks help to get the wireless broadband connectivity in unserved and remote areas that are not covered by wireless networks.
Based on the frequency, the Ku-band segment is going to have lucrative growth during the forecast period owing to the increased use of Ku-band VSAT systems in smaller ships for high bandwidth communication as this frequency uses a spot beam configuration to deliver more bandwidth throughout the coverage area. By geography, Asia Pacific is going to have high growth during the forecast period due to the demand for advanced VSAT systems in the maritime industry, increasing need for satellite broadband communication to get accurate & timely information for disaster management as this is a disaster-prone region, increasing marine transportation and development of new oceanic trade routes from India and China to rest of the world.
Some of the key players profiled in the VSAT (Very Small Aperture Terminal) Market include Hughes Network Systems, Viasat, Inc., ST Engineering iDirect, Orbit Communication Systems, ND SATCOM, Mitsubishi Electric, L3Harris Technologies, KVH Industries, Inc., Inmarsat Global Limited, Comtech Telecommunications Corp., Harris CapRock, Gilat Satellite Networks, Emerging Markets Communications, Cambium Networks, Imtech Marine and GomSpace.
Estimated Market Size in 2020:
USD 9.67 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 19.98 billion
Tables, Graphs & Figures
Type, Design, Solution, Classification, Platform, Terminal, Product, Network Architecture, Frequency, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Ultra Small Aperture Terminal (USAT)
• Standard Very Small Aperture Terminal (VSAT)
• Non-Rugged Very Small Aperture Terminal
• Rugged Very Small Aperture Terminal
• Support Services
• Connectivity Services
• Wireless Network
• Wireline Network
• Maritime VSAT (Very Small Aperture Terminal)
• Land VSAT (Very Small Aperture Terminal)
• Airborne VSAT (Very Small Aperture Terminal)
• Time Division Multiplexing (TDM)
• Single Channel Per Carrier (SCPC)
• Time Division Multiple Access (TDMA)
• Mobile Station
• Fixed Station
Network Architectures Covered:
• Star Topology
• Point-To-Point Links
• Mesh topology
• Hybrid Topology
• Voice Communications
• Private Network Services
• Broadband / Data Networks
End Users Covered:
• Transportation & Logistics
• Media & Entertainment
• Satellite Backhaul
• Oil & Gas Communications
• Mining & Construction
• Banking, Financial Services and Insurance (BFSI)
• Energy & Power
• Agriculture & Forestry
• Government & Defense
• Homeland Security and Emergency Management
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global VSAT (Very Small Aperture Terminal) Market is majorly driven by high need for VSAT systems in the maritime industry, increasing adoption of VSAT technology for crew welfare in the oil & gas industry and demand for broadband data connections from government and business sectors.
The Ku-band segment is growing at a highest CAGR owing to the increasing use of Ku-band VSAT systems in smaller ships for high bandwidth communication as this frequency uses a spot beam configuration to deliver more bandwidth throughout the coverage area.
North America dominated with a significant market share due to the adoption of satellite services for various applications such as inspection of vegetation identification, historical monuments, volcano monitoring and disaster supervision in case of storms and hurricanes in this region.
Asia Pacific market is growing at a highest CAGR owing to the demand for advanced VSAT systems in the maritime industry, expansion of regional connectivity, and increased data quantities.
Key players in VSAT (Very Small Aperture Terminal) Market include Hughes Network Systems, Viasat, Inc., ST Engineering iDirect, Orbit Communication Systems, ND SATCOM, Mitsubishi Electric, L3Harris Technologies, KVH Industries, Inc., Inmarsat Global Limited, Comtech Telecommunications Corp., Harris CapRock, Gilat Satellite Networks, Emerging Markets Communications, Cambium Networks, Imtech Marine and GomSpace.
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