In 2023, the global Very Small Aperture Terminals (VSAT) Market was worth around $8.64 billion. It's expected to grow steadily, reaching $10.2 billion in 2024 and projected to hit $29.42 billion by 2032, with an average annual growth rate of 14.2% over this period. North America led the VSAT market in 2023, holding the largest share at 31.25%.

The growth is largely fueled by the proliferation of high-throughput satellite (HTS) systems, integration with 5G networks, and a rising demand in maritime and aviation communications, particularly for military and disaster response applications.

Informational Source:

https://www.fortunebusinessinsights.com/v-sat-market-110136

Key Companies Covered in Very Small Aperture Terminal (VSAT) Market are:

  • Orbit Communications Systems Ltd. (Israel)
  • L3Harris Technologies, Inc. (U.S.)
  • Inmarsat Global Limited (U.K.)
  • GILAT SATELLITE NETWORKS (Israel)
  • Harris CapRock (U.S.)
  • Hughes Network Systems (U.S.)
  • KVH Industries (U.S.)
  • ViaSat (U.S.)
  • ST Engineering iDirect, Inc.  (U.S.)
  • Cambium Networks (U.S.)

Key Drivers of Growth

  1. Connectivity Needs in Remote and Isolated Areas: VSAT technology is crucial in extending connectivity to remote and underserved regions, facilitating not only internet access but also critical services for disaster recovery and emergency response. This demand is particularly evident in sectors like healthcare, oil and gas, and military operations where constant and reliable communication is essential.

  2. Advances in Frequency Bands and High Throughput Satellites (HTS): The VSAT market is experiencing a shift towards using more efficient frequency bands such as Ka-band, which offers higher data rates compared to the traditional Ku- and C-bands. Additionally, high throughput satellites are being increasingly deployed to handle greater data demands in sectors like maritime and aviation

  3. Expansion of 5G and IoT Integration: The integration of 5G technology with VSAT systems is expected to enhance connectivity solutions, allowing VSAT systems to support a wider range of devices and applications, including those in IoT and machine-to-machine (M2M) communications. This expansion has applications in various industries, from smart agriculture to asset tracking, further accelerating the demand for VSAT

Market Segmentation

The VSAT market is segmented by several criteria:

  • Type: This includes standard VSAT systems and ultra-small aperture terminals (USAT).
  • Solution: Solutions are divided into equipment, support services, and connectivity services, catering to varied needs in different industries.
  • Platform: Land-based, maritime, and airborne VSAT systems each serve unique applications—maritime VSAT, for instance, is crucial for ships requiring continuous connectivity during voyages.
  • Frequency Band: The primary frequencies used include Ka-band, Ku-band, and X-band, each with specific benefits depending on the application, such as broader coverage or faster data rates.

Competitive Landscape

Key players in the VSAT market include Hughes Network Systems, Gilat Satellite Networks, Comtech Telecommunications, and L3Harris Technologies, among others. These companies are investing in new technologies to enhance the performance, reliability, and data throughput of VSAT systems, as well as exploring hybrid satellite and terrestrial connectivity solutions to offer seamless services across various sectors

 

Trends and Future Prospects

The demand for VSAT services is expected to grow as more companies adopt satellite-as-a-service (SaaS) models and seek integrated cybersecurity features to protect data transmissions. As satellite technology advances, VSAT is positioned to be a backbone in communication strategies for industries relying on remote connectivity, such as energy, military, and media.

Overall, the VSAT market is set to remain essential for global connectivity infrastructure, driven by the rapid evolution of satellite technology, increased demand across multiple sectors, and advancements in bandwidth capacity.