VSAT (Very Small Aperture Terminal) Global Market Report 2024

VSAT (Very Small Aperture Terminal) systems are utilized for the transmission and reception of data, voice, and video signals via satellite communication networks. VSAT refers to a satellite communications system that incorporates a compact earth station capable of two-way communication - both transmitting and receiving data - from satellites.

The primary categories in the VSAT market include standard VSATs and USATs. Standard VSATs serve the purpose of transmitting and receiving data, voice, and video signals. In this context, standard VSATs refer to diminutive earth stations transmitting signals across satellite communication networks. The market offers various solutions, including equipment, support services, and connectivity services. Different platforms for VSAT deployment include land VSAT, maritime VSAT, and airborne VSAT. Frequencies used in VSAT systems encompass Ku-band, Ka-band, X-band, C-band, L-band, S-band, and multi-band. The verticals or industries served by VSAT technology include healthcare, energy and power, education, BFSI (Banking, Financial Services, and Insurance), media and entertainment, retail, transportation and logistics, telecommunications, maritime, and other specific verticals

The VSAT (very small aperture terminal) market research report is one of a series of new reports that provides VSAT (very small aperture terminal) market statistics, including VSAT (very small aperture terminal) industry global market size, regional shares, competitors with a VSAT (very small aperture terminal) market share, detailed VSAT (very small aperture terminal) market segments, market trends and opportunities, and any further data you may need to thrive in the VSAT (very small aperture terminal) industry. This VSAT (very small aperture terminal) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 expansion observed in the historical period can be attributed to factors such as the increasing demand for remote connectivity, emergency and disaster response requirements, efforts to provide broadband access in rural and remote areas, communication needs in maritime and aviation sectors, as well as applications in military and defense.

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 anticipated growth in the forecast period can be attributed to the increasing demand for maritime and aviation communication services, initiatives promoting digital inclusion, the emphasis on cybersecurity and data protection, the expansion of L-band and Ka-band technologies, and the continued relevance of emergency response and disaster recovery applications. Major trends expected in the forecast period encompass the utilization of high throughput satellites (HTS), integration with 5G technology, connectivity for the Internet of Things (IoT) and machine-to-machine (M2M) applications, the emergence of satellite-as-a-service (SaaS), and a heightened focus on cybersecurity and data protection.

The growth of broadband connections for the internet is anticipated to drive the expansion of the VSAT (Very Small Aperture Terminal) market. Broadband, a high-capacity transmission technology facilitating the rapid transfer of data, voice, and video over long distances, has seen an increase in usage. VSAT technology, acting as a two-way ground station facilitating the transmission and reception of data from satellites, is instrumental for both narrow and broadband data communication in real-time. This technology is particularly employed by broadband companies for internet services. For instance, Capgemini reported that in 2021, the US had 82% fixed broadband connections, with an expected increase to 86% by 2025. Consequently, the surge in broadband connections is a key driver behind the growth of the VSAT market.

The growing utilization of commercial satellites is set to propel the VSAT (Very Small Aperture Terminal) market further. Commercial satellites, also known as private satellites, serve various commercial purposes, including telecommunications, earth observation, broadcasting, and remote sensing. VSAT technology is commonly employed in commercial satellites to establish efficient two-way communication links between remote sites or users and a central hub or network. The popularity of VSAT systems in the commercial satellite industry stems from their efficiency, scalability, and ability to provide reliable connectivity. As of spring 2022, there were almost 5,500 active satellites in orbit, and projections suggest an additional 58,000 launches by 2030, as reported by the US Government Accountability Office. Additionally, the Satellite Industry Association revealed that US firms manufactured 87% of all commercial satellites procured in 2021. Thus, the increased use of commercial satellites is a significant driver for the VSAT market.

Technological advancement emerges as a prominent trend in the VSAT (Very Small Aperture Terminal) market. Leading companies in the market are introducing cutting-edge technologies such as SkyEdge IV, which operates on software-defined satellites and supports cloud software-defined networks. For instance, Viasat Inc. launched ViaSat-3 Americas in May 2023, a broadband satellite designed to deliver high-speed connectivity in the Americas region. ViaSat-3 satellites offer over 1 Terabit per second (Tbps) of throughput capacity, catering to diverse applications on land, at sea, or in the air. The dynamic flexibility of these satellites enables the relocation and concentration of capacity where it is most needed.

Major companies in the VSAT (Very Small Aperture Terminal) market are actively introducing next-generation VSAT antenna systems to gain a competitive advantage. These advanced satellite communication systems provide high-speed broadband connectivity across various industries, including maritime, aviation, and land-based applications. For example, Cobham SATCOM launched the SAILOR XTR in June 2021, a new maritime VSAT antenna platform that combines modern electronics and mechanics with cutting-edge software. This platform optimizes the management and operation of VSAT antennas, ensuring operational readiness and adaptability to different frequencies and networks.

In November 2021, Viasat acquired Inmarsat in a deal worth $7.3 billion. This strategic acquisition positions the combined entity to offer a unified hybrid space and terrestrial network, meeting the high-bandwidth and high-speed requirements of its customers. Inmarsat, a UK-based satellite telecommunications company, complements Viasat's capabilities in providing comprehensive communication solutions.

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.

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 global VSAT (very small aperture terminal) market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the VSAT (very small aperture terminal) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The VSAT (very small aperture terminal)market consists of sales of VSAT components including outdoor unit and indoor unit. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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