VSAT (Very Small Aperture Terminal) Market by Type (Fixed VSAT and Portable Terminal), Component (Hardware and Software), Application (Broadcast, Voice Communications, and Broadband/Data Networks), Verticals (IT & Telecom, Maritime, Aviation, Media & Entertainment, Education, Government & Defense, and Others), Fit Type (Line Fit and Retrofit), Platform (Airborne, Maritime, and Land): Global Market Size Estimates and Forecast (2019–2030)

Code: BMIRE00025916 | Pages: 100 | Industry: Aerospace and Defense | Date: Sep 2022 | Type: Global

The market is expected to cross US$ 4.57 billion in 2022 and is projected to hit US$ 12.98 billion by 2030, recording a CAGR of 12.9% during the forecast period.

The Growing Demand for High-Speed Internet and Broadcast Services is Boosting the Adoption of VSAT System and Thereby Catalyzing the Market Growth.

The growing demand for high-speed internet is boosting the adoption of VSAT network solutions is one of the major factors propelling the market growth. Moreover, the advantages such as easy deployment and reduction in structural issues during data transmissions for internet networks across remote locations is generating new market opportunities for market vendors for the deployment of VSAT network systems.

The maritime segment is expected to witness highest growth during the forecast period. This is owing to the rise in awareness for remote control technologies in the maritime industry. The maritime operators are demanding for higher data rate consistency that has been augmenting the demand for small network terminals. Moreover, the vendors are also focusing on developing innovative solutions such as compact designed VSAT solutions to cater to growing market demands and remain competitive in the market. For instance, in August 2021, OneWeb launched its new and smallest user terminal that offers high-speed internet connectivity to businesses, governments and communities across remote locations as well as can be used across the globe. Such instances are propelling the pushing the adoption of VSAT solutions.

Within the report, the market is segmented into type, component, application, verticals, end user, and geography. By type, the market is segmented into fixed VSAT and portable VSAT. By component, the market is segmented into hardware and software. Based on application, the market is segmented into broadcast, voice communications, and broadband/data networks. Based on verticals, the market is segmented into IT & telecom, maritime, aviation, media & entertainment, education, government & defense, and others. Based on fit type, the market is bifurcated into line fit and retrofit. Based on platform, the market is segmented into airborne, maritime, and land. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

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Land-based Deployment to Provide Future Opportunities for Market Vendors during the Forecast Period.

Several VSAT market players are focusing on the development of compact solution for land-based deployment for various applications such as satellite ground stations. The deployment of cloud-based ground stations is one of the major trends supporting the adoption of new VSAT technologies across different industry verticals. Moreover, the land segment is also likely to register second highest growth CAGR during the forecast period. This is owing to rising deployment of cloud-based broadcast technologies across different regions. For instance, in August 2022, TVU Networks announced the demonstration of its first cloud-native broadcast systems for 4K and 5G live video broadcasting. Such instances are likely to generate tremendous growth opportunities for market vendors during the forecast period.

Rising Demand from Military Remote Communications is Another Major Factor Accelerating the VSAT Market Growth.

The growing adoption of remote communication technologies across armed forces is one of the major factors expected to catalyze the market growth during the forecast period. The rising adoption of tactical communication technologies for military operations is another factor supporting the adoption of VSAT in military applications. For instance, in August 2020, the US Army awarded an additional contract worth US$ 20 million to Comtech Telecommunications to supply VSAT systems for mobile satellite equipment. Further, several companies are collaboratively working to deliver solutions of many armed forces. For instance, in November 2019, two satellite companies called NIC4 and Get SAT collaborated develop Very Small Aperture Terminal (VSAT) satellite-communications solutions for the US Special Operations Forces deployed in Europe. Additionally, the growing military expenditure for the adoption of remote communication technologies among the armed forces. Such factors are likely to propel the demand for VSAT solutions across the military sector during the forecast period.

Recent Strategic Developments in VSAT market

The VSAT market has undergone several significant developments, and a few of these have been mentioned below:

  • In January 2020, the US Special Operations Command (USSOCOM) awarded a contract worth US$ 100 million to L3Harris Technologies for very small aperture terminals (VSATs) upgrade. The contract includes the overhauling of around 550 units of L3Harris Hawkeye III Lite VSATs upgrade.
  • In April 2019, Cobham announced the launch of its new VSAT antenna Sea Tel 2400, which is a 2.4 m multiband connectivity platform that supports C-band, Ku-band, or Ka-band network operating in any orbit.
  • In February 2019, the Iraq Ministry of Defence’s (MOD) awarded a five-year contract to US-based NIC4 for very small aperture terminal (VSAT) Phase One programme. 

The VSAT market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Cobham Plc, General Dynamics Corporation, Honeywell International Inc., L3Harris Technologies Corporation, Northstar International Inc., Orbit Communication Systems Ltd., Singtel, Thales Group, Viasat Inc., and VSATPLUS are among the prominent players operating in the market.

Target audience for the report:

  • Commercial VSAT system manufacturers
  • Military VSAT system manufacturers
  • Communication technology manufacturers
  • Broadcasting technology manufacturers
  • Software providers
  • Telecom, broadcasting, and other related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Fixed VSAT
    • Portable VSAT
  • Component
    • Hardware
    • Software
  • Application
    • Broadcast
    • Voice Communications
    • Broadband/Data Networks
    • Others
  • Verticals
    • IT & Telecom
    • Maritime
    • Aviation
    • Media & Entertainment
    • Education
    • Government & Defense
    • Others
  • Fit Type
    • Line Fit
    • Retrofit
  • Platform
    • Airborne
    • Maritime
    • Land
  • Region
    • North America
      • US
      • Canada
      • Mexico
    • Europe
    • Asia Pacific (APAC)
    • Middle East & Africa
    • South America
  • Companies profiled
    • Cobham Limited
    • General Dynamics Corporation
    • Honeywell International Inc.
    • L3Harris Technologies Corporation
    • Viasat Inc.
  • Cobham Limited
  • General Dynamics Corporation
  • Honeywell International Inc.
  • L3Harris Technologies Corporation
  • Viasat Inc.
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