The vsat (very small aperture terminal) global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
VSAT (Very Small Aperture Terminal) Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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.
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Scope Of VSAT (Very Small Aperture Terminal) Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
VSAT (Very Small Aperture Terminal) Market Overview
Market Drivers –
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.
Market Trends –
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 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
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Regional Insights –
Asia-Pacific was the largest region in the VSAT (very small aperture terminal) market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vsat (very small aperture terminal) market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the vsat (very small aperture terminal) market include Orbit Communication Systems Ltd., L3Harris Technologies Inc., Inmarsat Global Limited, Viasat Inc., Gilat Satellite Networks Ltd., Hughes Network Systems LLC, Comtech Telecommunications Corp., ST Engineering iDirect, Bharti Airtel, VT iDirect Inc., Global Eagle Entertainment (EMC), SpeedCast International Limited, Advantech Co. Ltd., Newtec, Tatanet, Polarsat Inc., China Aerospace Science and Industry Corporation, Satellite Systems and Telecommunications Consulting, Satcom Direct Inc., Intelsat General Corporation, SES Government Solutions, Telesat, Eutelsat S.A., KVH Industries Inc., Satcube AB, Sky and Space Global Ltd., Thaicom Public Company Limited, Al Yah Satellite Communications Company P.J.S.C., X2nSat Inc.
Table of Contents
- Executive Summary
- VSAT (Very Small Aperture Terminal) Market Report Structure
- VSAT (Very Small Aperture Terminal) Market Trends And Strategies
- VSAT (Very Small Aperture Terminal) Market – Macro Economic Scenario
- VSAT (Very Small Aperture Terminal) Market Size And Growth
…..
- VSAT (Very Small Aperture Terminal) Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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