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VSAT (Very Small Aperture Terminal) Market Report 2024: Strategies And Recent Developments | Orbit Communication Systems Ltd., L3Harris Technologies Inc.,
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2824The Business Research Company offers in-depth market insights through VSAT (Very Small Aperture Terminal) Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
The main types of VSAT (very small aperture terminal) markets are standard VSAT and, USAT. Standard VSATs are used to transmit and receive data, voice, and video signals. The standard VSAT in the VSAT (very small aperture terminal) market refers to a tiny-sized earth station that transmits signals over a satellite communication network. The various solutions are equipment, support services, and connectivity services. The various platforms are land VSAT, maritime VSAT, and airborne VSAT. The frequencies are Ku-band, Ka-band, X-band, C-band, L-band, S-band, and multi-band. The verticals are healthcare, energy and power, education, BFSI, media and entertainment, retail, transportation and logistics, telecommunications, maritime, and other verticals.
Major Driver - Growth Of Vsat Market Fueled By Increasing Broadband Internet Connections
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.
Competitive Landscape:
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.
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Top Trend - Technological Advancements Drive Vsat Market Growth
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. VSAT (Very Small Aperture Terminal) Market Characteristics
3. VSAT (Very Small Aperture Terminal) Market Trends And Strategies
4. VSAT (Very Small Aperture Terminal) Market - Macro Economic Scenario
5. VSAT (Very Small Aperture Terminal) Market Size And Growth
…..
27. VSAT (Very Small Aperture Terminal) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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