How Has The VSAT (Very Small Aperture Terminal)Market Size Evolved In Recent Years?
The vsat (very small aperture terminal) market has seen considerable growth due to a variety of factors.
• The market for VSAT (very small aperture terminal) has experienced a swift expansion in recent years. The projections suggest an escalation from $12.29 billion in 2024, reaching up to $14.07 billion in 2025, with a compound annual growth rate (CAGR) of 14.5%.
Its surge during the historical period is largely due to the demand for remote connectivity, emergency and disaster management, availability of broadband access in rural and remote regions, communication needs in maritime and aviation sectors, as well as military and defence applications.
What Is The Projected Growth Of The VSAT (Very Small Aperture Terminal) Market?
The vsat (very small aperture terminal) market is expected to maintain its strong growth trajectory in upcoming years.
• The market for VSAT (very small aperture terminal) is predicted to experience rapid expansion in the coming few years. Its growth is projected to reach $22.82 billion by 2029 with a compound annual growth rate (CAGR) of 12.9%.
This projected growth during the forecast period is due to factors such as growing demand in the maritime and aviation sectors, initiatives for digital inclusion, data protection and cybersecurity, expansion of l-band and ka-band, as well as emergency response and disaster recovery. The forecast period will also see key trends such as high throughput satellites (hts), integration of 5G, IoT and m2m connectivity, satellite-as-a-service (SaaS), and strengthened cybersecurity and data protection measures.
What Key Factors and Trends are Driving the Growth of the VSAT (Very Small Aperture Terminal) Market?
The expansion of the VSAT (Very Small Aperture Terminal) market is projected to be fuelled by a rise in broadband connections for internet use. Broadband is a high-capacity data transmission technology that enables the rapid and long-distance transmission of data, voice, and video. A VSAT serves as a two-way ground station that sends and receives data from satellites. It is equipped to up-link and down-link communication signals for both narrow and broadband data to satellites in space instantly. This technology is utilized by broadband firms for internet purposes. For example, data from the Telecom Regulatory Authority of India indicates that by March 2023, India had around 33.94 million wired broadband users, up by 24.45% from around 27.27 million the previous year. Thus, the uptick in broadband connections for internet utilization is spearheading the growth of the VSAT market.
What are the Market Segments in the VSAT (Very Small Aperture Terminal) Market?
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
Subsegments:
1) By Standard VSAT (Very Small Aperture Terminal): Fixed VSAT, Mobile VSAT
2) By USAT (Ultra Small Aperture Terminal): Portable USAT, Fixed USAT
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What Trends are Shaping the VSAT (Very Small Aperture Terminal) Market?
The surge of technological progression is an emerging trend that is becoming increasingly prevalent in the VSAT (Very Small Aperture Terminal) market. Key players in the field are unveiling trailblazing technologies such as SkyEdge IV that operate on software-defined satellites and bolster software-defined networks in the cloud to consolidate their market presence. For instance, Viasat Inc., an American communications company, in May 2023, embarked on the launch of ViaSat-3 Americas. This broadband satellite is crafted to supply high-speed broadband connectivity throughout the Americas. Be it on land, sea, or air, the ViaSat-3 line of Ka-band satellites have the capability to deliver over 1 Terabit per second (Tbps) of throughput capacity. Additionally, they possess the dynamic adaptability to relocate and focus that capacity where it's in the highest demand.
Who Are the Key Players in the VSAT (Very Small Aperture Terminal) Market?
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
• Newtec
• Tatanet
• Polarsat Inc.
• China Aerospace Science and Industry Corporation
• 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.
What are the Regional Insights into the VSAT (Very Small Aperture Terminal) Market?
Asia-Pacific was the largest region in the VSAT (very small aperture terminal) market share in 2024. 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.
