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Very Small Aperture Terminal Market Trends, Industry | 2031
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Very Small Aperture Terminal Market Trends, Industry | 2031

Segments - VSAT (Very Small Aperture Terminal) Market by Type (Standard VSAT and USAT), Platform (Maritime, Land, and Airborne), End-user (Broadband, Broadcast, Voice, and Others), and Region (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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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-6054 | 4.8 Rating | 58 Reviews | 197 Pages | Format : PDF Excel PPT

Report Description


VSAT (Very Small Aperture Terminal) Market Outlook 2031

The global VSAT (Very Small Aperture Terminal) market size was USD 7.4 Bn in 2022 and is likely to reach USD 29.94 Bn by 2031, expanding at a CAGR of 16.8 % during 2023–2031. Increasing demand for broadcasting and internet connectivity from remote locations is expected to drive the market.

Increasing demand for satellite services and rapid growth in internet usage are expected to drive the VSAT (Very Small Aperture Terminal) market during the forecast period. Remote locations, such as various offshore and onshore places, require internet connectivity to run smooth operations. This significantly affects the market, as the VSAT network offers consistent broadband access, even in locations that do not have wired networks. Furthermore, the growing adoption of wide area networks (WAN) for high-quality media broadcasts and trading is expected to drive the market during the forecast period. For instance,

  • According to the data published on March 2, 2020, software-defined WAN networks are being widely adopted, owing to their efficiency in cloud computing and trading networks.

Very Small Aperture Terminal Market Outlook

VSATs are small earth stations that provide satellite services by receiving and transmitting data. This data is exchanged with the satellite, which is further delivered to the end-user. They usually use 6/4 GHz, 14/11-12 GHz, and 30/20 GHz frequency bandwidths for data transfer. VSATs are majorly used by industries that operate remotely, such as oil & gas, maritime, offshore, onshore, and defense. It helps organizations to operate without relying on any communication network used by the masses. This ensures that the sensitive information transmitted is safe and is received by the desired party. Hence, the major applications of VSATs lie in military communications.

The COVID-19 pandemic hindered the market, due to the sudden halt in end-user industries and their operations. The COVID-19 restrictions were issued worldwide, by various governments. This created huge losses in revenue, for the players in the market. After the COVID-19 restrictions were gradually lifted worldwide, the market gradually stabilized, as businesses resumed their operations.

Impact of Artificial Intelligence (AI) in VSAT (Very Small Aperture Terminal) Market

The use of artificial intelligence is likely to provide substantial propulsion to the VSAT (Very Small Aperture Terminal) market. AI is capable of optimizing the process of huge data transmissions and predicting potential system failure. It helps analyze the patterns of the audio and video data received and sort it before transmitting it to the satellite or earth station. The data sortation is precise, based on the analysis run by algorithm input, which helps establish automation. Rising demand for AI to automate the workflow and to minimize human errors is expected to drive the market in the coming years.

VSAT (Very Small Aperture Terminal) Market Dynamics

Very Small Aperture Terminal Market Dynamics

Major Drivers

Increasing demand from the military and defense sectors drives the market. The defense ministries of various countries are constantly focused on strengthening their military power. They deal with various activities, such as conducting rescue operations from locations affected by natural disasters and remote areas. They also conduct several missions and training drills in the enemy territories.

Existing Restraints

Latency issues of VSAT systems hamper the market. VSAT systems transmit and receive signals from small-sized earth stations. A part of the system located in the geosynchronous orbit is subject to latency issues and takes time to transmit data to the satellite dish, which is likely to hamper the market during the forecast period.

Emerging Opportunities

Studies to improve the quality of real-time VSAT applications are anticipated to create lucrative opportunities for market growth. VSAT is subject to poor latency issues, due to the lag in data transmission. Improving its capacity for high-quality media transmission is expected to create opportunities for live-streaming applications, which is anticipated to provide substantial growth opportunities for the market.

Scope of the VSAT (Very Small Aperture Terminal) Market Report

The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

VSAT (Very Small Aperture Terminal) Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Type (Standard VSAT and USAT), Platform (Maritime, Land, and Airborne), and End-user (Broadband, Broadcast, Voice, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast

Key Players Covered in the Report

Thuraya Telecommunications Company; GILAT SATELLITE NETWORKS.; Marlink Group; Ultra; L3Harris Technologies, Inc.; Norsat International Inc.; Satixfy UK Limited; and X2nSat

VSAT (Very Small Aperture Terminal) Market Segment Insights

Type Segment Analysis

Based on type, the global market is segregated into standard VSAT and USAT (Ultra-small aperture satellite). The standard VSAT segment is projected to expand at a high CAGR during the forecast period, owing to its wide applications in the maritime industry. The maritime industry conducts immense offshore tasks where satellite communication is crucial to ensure workflow efficiency and safety. Standard VSATs play a major role as maritime satellite equipment to provide high-speed reliable connectivity to ships and yachts, which, in turn, drives the segment.

Very Small Aperture Terminal Market Type

Platform Segment Analysis

Based on platform, the VSAT (Very Small Aperture Terminal) market is divided into maritime, land, and airborne. The land segment is projected to hold a major share of the market during the projection period, due to the growing demand for high-speed connectivity and media transfer. The VSAT land platform eliminates structural issues from data transmission. They are used mainly as a replacement for large physical networks considering their small size. VSATs are easier to operate when compared to the local telecommunication networks. The increasing demand for independent communication networks drives the segment.

End-user Segment Analysis

Based on end-user, the VSAT market is segmented into broadband, broadcast, and voice. The broadband segment is expected to hold a key market share during the forecast period, owing to the increasing adoption of the internet for speedy connectivity. Various businesses have started operating from remote or virtual workspaces. After the COVID-19 pandemic, people prefer to opt for distance learning settings for education, which is expected to drive the segment in the coming years. For instance,

  • According to the report published by UNESCO on April 20, 2023, about 826 million students were using virtual education during and post-pandemic period.

Very Small Aperture Terminal Market End User

Regional Outlook

In terms of region, the global VSAT (Very Small Aperture Terminal) market is classified as Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. North America is projected to hold a key share of the market during the forecast period, owing to the increasing demand for internet with fast speeds and broad bandwidth. This is mainly attributed to the high prevalence of crypto transactions in the region.

People using cryptocurrencies, such as Bitcoin, Ethereum, and other digital currencies, require decentralized ledgers to ensure safe trading, which drives the market. Furthermore, the increasing number of businesses opting for VSAT networks to accept crypto payments in restaurants, departmental stores, and other such public places is anticipated to drive the market in the region.

Asia Pacific is expected to dominate the market during the projection period, owing to the increasing onshore and offshore activities of marine as well as oil & gas industries. Developing countries, such as China and India are the key manufacturers and exporters of oil in the region. For instance,

  • According to the data published on August 25, 2023, China exported about 4 million barrels of oil per day, in 2022.

Rapid globalization has consequently increased the demand for telecommunication, virtual workspaces, distance education, and other such virtual settings, which is anticipated to drive the market in Asia Pacific in the coming years.

Very Small Aperture Terminal Market Region

Segments

The VSAT (Very Small Aperture Terminal) market has been segmented based on

Type

  • Standard VSAT
  • USAT

Platform

  • Maritime
  • Land
  • Airborne

End-user

  • Broadband
  • Broadcast
  • Voice
  • Others

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Key players competing in the global VSAT (Very Small Aperture Terminal) market are Thuraya Telecommunications Company; GILAT SATELLITE NETWORKS.; Marlink Group; Ultra; L3Harris Technologies, Inc.; Norsat International Inc.; Satixfy UK Limited; and X2nSat.

These companies adopted development strategies, including mergers, acquisitions, partnerships, collaborations, product launches, and production expansion, to cater to customers worldwide. For instance,

  • On November 22. 2023, Marlink Group added CyberGuard Unified Threat Management (CyberGuard UTM) to its portfolio, a system to enhance the cyber security of the onboard network.

  • On November 21, 2023, Thuraya Telecommunications Company announced its strategic partnership with AnsuR Technologies to distribute its advanced video (media) compression solution.

Very Small Aperture Terminal Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. VSAT (Very Small Aperture Terminal) 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. VSAT (Very Small Aperture Terminal) Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. VSAT (Very Small Aperture Terminal) Market - Supply Chain
  4.5. Global VSAT (Very Small Aperture Terminal) Market Forecast
     4.5.1. VSAT (Very Small Aperture Terminal) Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. VSAT (Very Small Aperture Terminal) Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. VSAT (Very Small Aperture Terminal) Market Absolute $ Opportunity
5. Global VSAT (Very Small Aperture Terminal) 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. VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by Types
     5.3.1. Standard VSAT
     5.3.2. USAT
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global VSAT (Very Small Aperture Terminal) Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by End Users
     6.3.1. Broadband
     6.3.2. Broadcast
     6.3.3. Voice
     6.3.4. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global VSAT (Very Small Aperture Terminal) Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global VSAT (Very Small Aperture Terminal) Demand Share Forecast, 2019-2026
8. North America VSAT (Very Small Aperture Terminal) 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
  8.2. North America VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by Types
     8.4.1. Standard VSAT
     8.4.2. USAT
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by End Users
     8.7.1. Broadband
     8.7.2. Broadcast
     8.7.3. Voice
     8.7.4. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America VSAT (Very Small Aperture Terminal) Demand Share Forecast, 2019-2026
9. Latin America VSAT (Very Small Aperture Terminal) 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. Latin America Average Pricing Analysis
  9.2. Latin America VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by Types
     9.4.1. Standard VSAT
     9.4.2. USAT
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by End Users
     9.7.1. Broadband
     9.7.2. Broadcast
     9.7.3. Voice
     9.7.4. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America VSAT (Very Small Aperture Terminal) Demand Share Forecast, 2019-2026
10. Europe VSAT (Very Small Aperture Terminal) 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. Europe Average Pricing Analysis
  10.2. Europe VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by Types
     10.4.1. Standard VSAT
     10.4.2. USAT
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by End Users
     10.7.1. Broadband
     10.7.2. Broadcast
     10.7.3. Voice
     10.7.4. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe VSAT (Very Small Aperture Terminal) Demand Share Forecast, 2019-2026
11. Asia Pacific VSAT (Very Small Aperture Terminal) 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. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by Types
     11.4.1. Standard VSAT
     11.4.2. USAT
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by End Users
     11.7.1. Broadband
     11.7.2. Broadcast
     11.7.3. Voice
     11.7.4. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific VSAT (Very Small Aperture Terminal) Demand Share Forecast, 2019-2026
12. Middle East & Africa VSAT (Very Small Aperture Terminal) Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by Types
     12.4.1. Standard VSAT
     12.4.2. USAT
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa VSAT (Very Small Aperture Terminal) Market Size and Volume Forecast by End Users
     12.7.1. Broadband
     12.7.2. Broadcast
     12.7.3. Voice
     12.7.4. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa VSAT (Very Small Aperture Terminal) Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global VSAT (Very Small Aperture Terminal) Market: Market Share Analysis
  13.2. VSAT (Very Small Aperture Terminal) Distributors and Customers
  13.3. VSAT (Very Small Aperture Terminal) Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Thuraya Telecommunications Company
     13.4.2. GILAT SATELLITE NETWORKS.
     13.4.3. Marlink Group
     13.4.4. Ultra
     13.4.5. L3Harris Technologies, Inc.
     13.4.6. Norsat International Inc.
     13.4.7. Satixfy UK Limited
     13.4.8. X2nSat

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