According to Stratistics MRC, the Global VSAT (Very Small Aperture Terminal) Market is accounted for $9.67 billion in 2020 and is expected to reach $19.98 billion by 2028 growing at a CAGR of 9.5% during the forecast period. Increasing adoption of VSAT technology for crew welfare in the oil & gas industry, high need for VSAT systems in the maritime industry, and demand for broadband data connections from government and business sectors are driving the market growth. However, an issue with connectivity at sea is hampering the growth of the market.
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Based on the frequency, the Ku-band segment is going to have lucrative growth during the forecast period owing to the increased use of Ku-band VSAT systems in smaller ships for high bandwidth communication as this frequency uses a spot beam configuration to deliver more bandwidth throughout the coverage area. By geography, Asia Pacific is going to have high growth during the forecast period due to the demand for advanced VSAT systems in the maritime industry, increasing need for satellite broadband communication to get accurate & timely information for disaster management as this is a disaster-prone region, increasing marine transportation and development of new oceanic trade routes from India and China to rest of the world.
Some of the key players profiled in the VSAT (Very Small Aperture Terminal) Market include Hughes Network Systems, Viasat, Inc., ST Engineering iDirect, Orbit Communication Systems, ND SATCOM, Mitsubishi Electric, L3Harris Technologies, KVH Industries, Inc., Inmarsat Global Limited, Comtech Telecommunications Corp., Harris CapRock, Gilat Satellite Networks, Emerging Markets Communications, Cambium Networks, Imtech Marine and GomSpace.
Types Covered:
• Ultra Small Aperture Terminal (USAT)
• Standard Very Small Aperture Terminal (VSAT)
Designs Covered:
• Non-Rugged Very Small Aperture Terminal
• Rugged Very Small Aperture Terminal
Solutions Covered:
• Support Services
• Equipment
• Connectivity Services
Classifications Covered:
• Wireless Network
• Wireline Network
Platforms Covered:
• Maritime VSAT (Very Small Aperture Terminal)
• Land VSAT (Very Small Aperture Terminal)
• Airborne VSAT (Very Small Aperture Terminal)
Terminals Covered:
• Time Division Multiplexing (TDM)
• Single Channel Per Carrier (SCPC)
• Time Division Multiple Access (TDMA)
Products Covered:
• Mobile Station
• Fixed Station
Network Architectures Covered:
• Star Topology
• Point-To-Point Links
• Mesh topology
• Hybrid Topology
Frequencies Covered:
• X-Band
• S-Band
• L-Band
• Ku-Band
• Ka-Band
• C-Band
Applications Covered:
• Broadcast
• Voice Communications
• Private Network Services
• Broadband / Data Networks
End Users Covered:
• Transportation & Logistics
• Media & Entertainment
• Satellite Backhaul
• Retail
• Oil & Gas Communications
• Mining & Construction
• Telecommunication
• Automotive
• Manufacturing
• Healthcare
• Aviation
• Education
• Civil
• Banking, Financial Services and Insurance (BFSI)
• Energy & Power
• Maritime
• Agriculture & Forestry
• Government & Defense
• Homeland Security and Emergency Management
• Military
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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