Enterprise VSAT Systems Market Size, Share & Industry | 2031
Enterprise VSAT Systems Market Size, Share & Industry | 2031
Segments - Enterprise VSAT Systems Market by Types (Shared Bandwidth VSAT Systems and Dedicated Bandwidth VSAT Systems), Components (Hardware, Services, Modems, Antennas, and Others), Organization Size (SMEs and Large Enterprises), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
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| Report ID :ICT-SE-4588
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| 198 Pages
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Report Description
Enterprise VSAT Systems Market Outlook 2031:
The enterprise VSAT systems market size was valued at USD 4.60 Billion in 2022 and is projected to reach USD 6.84 Billion by 2031, expanding at a CAGR of 4.5% during the forecast period 2023 - 2031. The growth of the market is attributed to the increased adoption of VSAT Systems is the maritime industry.
A satellite communications technology called VSAT (Very Small Aperture Terminal) is used by both personal and corporate customers. An interface box with a transceiver is required for a VSAT end user to connect their computer to an external antenna. The transceiver sends or receives a signal to an aerial satellite transponder.
An earth station computer serves as the system's hub and transmits and receives signals to and from the satellite. Data, audio, and video signals are handled via VSAT. Compared to terrestrial options, VSAT has a several benefits. Hardware and software components both make up this system. They are employed by a number of sectors, including those in information technology (IT), telecommunications, retail & consumer goods, media & entertainment, energy & utilities, and education.
Another aspect that contributes to the expansion is the fact that it is utilized in video conferencing and ERP for business-related purposes as well as email, streaming, and video messaging for personal connections.
Global enterprise VSAT market has also been affected by the ongoing COVID-19 pandemic. The Covid-19 pandemic affected the demand of enterprise VSAT systems market.
Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Enterprise VSAT Systems Market Trends, Drivers, Restraints, and Opportunities
- Growing installation of enterprise VSAT systems on ships, which offer quick internet connectivity for both personal and professional use, is projected to drive the market.
- Enterprise VSAT is used in surveillance software to aid the armed services in maritime operations that demand for portable, lightweight, and compact equipment, this is estimated to fuel the market.
- Coverage and capacity limitations and connectivity challenges at sea are estimated to impede the market growth during the forecast period.
- High initial expenses and scheduled costs for terminal tools are expected to hinder the market growth.
- Growing number of LEO-HTS constellations are expected to create lucrative opportunities for the market players.
- R&D investment and technological advancement in VSAT systems is anticipated to create immense opportunities for the market growth.
Scope of the Enterprise VSAT Systems Market Report
The report on the global enterprise VSAT systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Enterprise VSAT Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023 – 2031 |
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Segmentation |
Types (Shared Bandwidth VSAT Systems and Dedicated Bandwidth VSAT Systems), Components (Hardware, Services, Modems, Antennas, and Others), Organization Size (SMEs and Large Enterprises) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Vizocom; Viasat, Inc.; Ultra Electronics; Telefónica, S.A.; ST Engineering iDirect, Inc.; Skycasters, LLC; SageNet LLC; Orion Satellite Systems; OmniAccess; Newtec; Nelco; ND SatCom; Link Communications Systems; KVH Industries, Inc.; Hughes Network Systems, LLC; GILAT SATELLITE NETWORKS; Embratel; Comtech Telecommunications Corp.; Cambium Networks, Ltd.; and Airtel India |
Enterprise VSAT Systems Market Segment Insights
The dedicated bandwidth VSAT systems segment is projected to expand at a high CAGR during the forecast period
Based on types, the market is segregated into shared bandwidth VSAT systems and dedicated bandwidth VSAT systems. The dedicated bandwidth VSAT systems segment is projected to expand at a high CAGR during the forecast period. One of the most reliable C-band and Ku-band VSAT services available in the current market context are dedicated bandwidth VSAT systems.
The shared bandwidth VSAT systems segment is estimated to grow at a rapid pace during the forecast period. Growth of the segment is attributed to cooperation with government organizations & agencies and development of space infrastructure. These systems are perfect for medium-sized organizations, large enterprises, and even SMEs that require dependable high-speed and high-throughput Internet connections.
The services segment is anticipated to hold a major market share during the forecast period
On the basis of components, the market is fragmented into hardware, services, modems, antennas, and others. The services segment is anticipated to hold a major market share during the forecast period because direct two-way communication and data sharing are made possible by satellite broadband networks in clinics and hospitals, as well as the deployment of these technologies by security and intelligence organizations to improve their data collection methods, enabling them to precisely understand information.
The hardware segment is estimated to expand at a substantial CAGR during the forecast period. Enterprise VSAT development and operation costs are decreased through improvements in manufacturing and assembly methods. This has led to the development of satellite communication technology in several nations around the world, thus creating market opportunities.
The large enterprises segment is projected to expand at a rapid pace during the forecast period
In terms of organization size, the market is bifurcated into SMEs and large enterprises. The large enterprises segment is projected to expand at a rapid pace during the forecast period. Growth of the segment is attributed to variety of purposes, including drive-away TV broadcast systems, data security and integrity, and private intranet services, all of which are contributing to the segment growth.
This has led to the development of satellite communication technology in several nations, thus creating market opportunities. When data and transactional information are safe, it helps organizations adhere to best practices in the financial sector and corporate standards like PCI-DSS.
North America is anticipated to dominate the market
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period due to the widespread use of satellite services for a variety of purposes, including monitoring volcanoes, identifying vegetation, identifying historical sites, and emergency management during storms and hurricanes in the area.
Expanding mobile broadband use, technical advancements, and rising adoption in the aerospace and defense industries are other factors boosting the enterprise VSAT market in this area.
Segments
The global enterprise VSAT systems market has been segmented on the basis of
Types
- Shared Bandwidth VSAT Systems
- Dedicated Bandwidth VSAT Systems
Components
- Hardware
- Services
- Modems
- Antennas
- Others
Organization Size
- SMEs
- Large Enterprises
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Vizocom
- Viasat, Inc.
- Ultra Electronics
- Telefónica, S.A.
- ST Engineering iDirect, Inc.
- Skycasters, LLC
- SageNet LLC
- Orion Satellite Systems
- OmniAccess
- Newtec
- Nelco
- ND SatCom
- Link Communications Systems
- KVH Industries, Inc.
- Hughes Network Systems, LLC
- GILAT SATELLITE NETWORKS
- Embratel
- Comtech Telecommunications Corp.
- Cambium Networks, Ltd.
- Airtel India
Competitive Landscape
Key players competing in the enterprise VSAT systems market include Vizocom; Viasat, Inc.; Ultra Electronics; Telefónica, S.A.; ST Engineering iDirect, Inc.; Skycasters, LLC; SageNet LLC; Orion Satellite Systems; OmniAccess; Newtec; Nelco; ND SatCom; Link Communications Systems; KVH Industries, Inc.; Hughes Network Systems, LLC; GILAT SATELLITE NETWORKS; Embratel; Comtech Telecommunications Corp.; Cambium Networks, Ltd.; and Airtel India.
Some of these players are using several market strategies such as capacity expansion, mergers, acquisitions, partnerships, and collaborations to enhance their market shares. For instance,
- In February 2022, the strategic cooperation between SES and Gilat Satellite Networks Ltd., a global leader in satellite networking technology, solutions, and services, has been extended.
- June 2020, the availability of Capricorn PLUS, its flagship VSAT, has been announced by Gilat Satellite Networks Ltd., a world leader in satellite services, solutions, and networking technology.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Enterprise VSAT Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Enterprise VSAT Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Enterprise VSAT Systems Market - Supply Chain
4.5. Global Enterprise VSAT Systems Market Forecast
4.5.1. Enterprise VSAT Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Enterprise VSAT Systems Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Enterprise VSAT Systems Market Absolute $ Opportunity
5. Global Enterprise VSAT Systems Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Enterprise VSAT Systems Market Size and Volume Forecast by Types
5.3.1. Shared Bandwidth VSAT Systems
5.3.2. Dedicated Bandwidth VSAT Systems
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Enterprise VSAT Systems Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Enterprise VSAT Systems Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Enterprise VSAT Systems Demand Share Forecast, 2019-2026
7. North America Enterprise VSAT Systems Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Enterprise VSAT Systems Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Enterprise VSAT Systems Market Size and Volume Forecast by Types
7.4.1. Shared Bandwidth VSAT Systems
7.4.2. Dedicated Bandwidth VSAT Systems
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Enterprise VSAT Systems Demand Share Forecast, 2019-2026
8. Latin America Enterprise VSAT Systems Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Enterprise VSAT Systems Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Enterprise VSAT Systems Market Size and Volume Forecast by Types
8.4.1. Shared Bandwidth VSAT Systems
8.4.2. Dedicated Bandwidth VSAT Systems
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Enterprise VSAT Systems Demand Share Forecast, 2019-2026
9. Europe Enterprise VSAT Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Enterprise VSAT Systems Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Enterprise VSAT Systems Market Size and Volume Forecast by Types
9.4.1. Shared Bandwidth VSAT Systems
9.4.2. Dedicated Bandwidth VSAT Systems
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Enterprise VSAT Systems Demand Share Forecast, 2019-2026
10. Asia Pacific Enterprise VSAT Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Enterprise VSAT Systems Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Enterprise VSAT Systems Market Size and Volume Forecast by Types
10.4.1. Shared Bandwidth VSAT Systems
10.4.2. Dedicated Bandwidth VSAT Systems
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Enterprise VSAT Systems Demand Share Forecast, 2019-2026
11. Middle East & Africa Enterprise VSAT Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Enterprise VSAT Systems Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Enterprise VSAT Systems Market Size and Volume Forecast by Types
11.4.1. Shared Bandwidth VSAT Systems
11.4.2. Dedicated Bandwidth VSAT Systems
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Enterprise VSAT Systems Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Enterprise VSAT Systems Market: Market Share Analysis
12.2. Enterprise VSAT Systems Distributors and Customers
12.3. Enterprise VSAT Systems Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Vizocom
12.4.2. Viasat, Inc.
12.4.3. Ultra Electronics
12.4.4. Telefónica, S.A.
12.4.5. ST Engineering iDirect, Inc.
12.4.6. Skycasters, LLC
12.4.7. SageNet LLC
12.4.8. Orion Satellite Systems
Methodology
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