The very small aperture terminal (VSAT) market is characterized by its numerous benefits, versatile applications, and key features. VSAT technology offers global connectivity, enabling reliable and high-speed internet access, data transmission, and voice communication in remote and underserved areas. Its compact terminals are easy to deploy and cost-effective, making it suitable for various industries, including banking, agriculture, maritime, and defense. VSAT systems support real-time monitoring, video conferencing, and IoT applications, enhancing operational efficiency. Key features include secure and scalable networks, automatic beam switching for uninterrupted service, and efficient bandwidth allocation. Overall, VSATs play a vital role in bridging the digital divide and facilitating communication in challenging environments.
According to Data Bridge Market Research, the Global Very Small Aperture Terminal (VSAT) Market is expected to reach the value of USD 15,618,213.07 thousand by 2029, at a CAGR of 9.5% during the forecast period of 2022 to 2029.
“Rising demand for secure communication for maritime IoT applications boost the market’s growth”
VSAT technology has emerged as a significant player in the maritime industry, providing vital two-way satellite communications for internet, data, and telephony, particularly in remote and challenging environments. In recent times, there has been a gradual evolution in the maritime IoT landscape, driven by the integration of standard electronic hardware components with various software applications. Satellite-based IoT services offer businesses an affordable means to access data from their assets. Consequently, seafaring vessels and discrete entities within the maritime sector are increasingly adopting digital systems as part of extensive IoT networks. The deployment of IoT devices and sensor systems across fleets and vessels provides a competitive advantage, enabling companies to fully harness the potential of data for more efficient operations and informed decision-making.
What restraints the growth of the global very small aperture terminal (VSAT) market?
“Issues related to reliability of very small aperture terminal (VSAT) network during bad weather restraints the market’s growth”
Space weather disrupts radio communication between Earth and satellites by inducing disturbances in the ionosphere, leading to the reflection, refraction, or absorption of radio waves. This interference poses a challenge for satellite internet services, especially in rural areas, as satellite signals traverse considerable distances through the atmosphere, making them susceptible to severe weather conditions. While wind seldom directly impacts radio signals, it can cause equipment such satellite dishes to waver, vibrate, or even shift. Latency and rain fade are specific factors that impact satellite signal transmission, with rain and atmospheric moisture primarily responsible for degrading the signal, especially at higher Ku and Ka-band frequencies.
Segmentation: Global Very Small Aperture Terminal (VSAT) Market
The global very small aperture terminal (VSAT) market is segmented on the basis of by solution, platform, frequency, network architecture, design, vertical, and end use.
- On the basis of solution, the global very small aperture terminal (VSAT) market is segmented segmented into equipment, support services, connectivity services.
- On the basis of platform, the global very small aperture terminal (VSAT) market is segmented segmented into land VSAT, maritime VSAT, airborne VSAT
- On the basis of frequency, the global very small aperture terminal (VSAT) market is segmented segmented into Ku-band, C-band, Ka-band, X-band.
- On the basis of network architecture, the global very small aperture terminal (VSAT) market is segmented segmented into star topology, mesh topology, hybrid topology, point-to-point links.
- On the basis of design, the global very small aperture terminal (VSAT) market is segmented segmented into rugged VSAT and non-rugged VSAT.
- On the basis of vertical, the global very small aperture terminal (VSAT) market is segmented segmented into telecommunication, maritime, aviation, government and defense, media and entertainment, transportation and logistics, energy and power, mining and construction, manufacturing, BFSI, retail, automotive, transportation and logistics, healthcare, education, agriculture and forestry and others.
- On the basis of end use l, the global very small aperture terminal (VSAT) market is segmented segmented into broadband/data network, voice communication, private network service, broadcast, and others.
Regional Insights: North America dominates the Global Very Small Aperture Terminal (VSAT) Market
North America dominates the very small aperture terminal (VSAT) market due to its swift uptake of satellite communication technology and ongoing efforts in research and development to shrink antenna sizes. Within North America, the United States leads the way, driven by the escalating use of VSAT in government and defense applications.
Asia-Pacific dominates the very small aperture terminal (VSAT) market. China exerts significant influence in the Asia-Pacific region by virtue of being the global leader in the manufacturing of technological goods. With its status as the world's largest manufacturing hub for technology products, China plays a central role in shaping the economic landscape of the Asia-Pacific region.
Europe dominates the very small aperture terminal (VSAT) market. Germany stands as a dominant force in the European region, driven by the increasing need for secure communication in maritime and airborne Internet of Things (IoT) applications. This prominence is a result of the nation's leadership in providing secure communication solutions, solidifying its role as a key player in Europe's evolving IoT landscape.
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Recent Developments
- In June of 2022, Cobham Satcom forged a strategic alliance with Mangata Networks with the primary goal of enhancing satellite tracking systems and bolstering ground infrastructure. As part of this collaborative effort, Cobham Satcom committed to the worldwide deployment of numerous Cobham Satcom 4.0M TRACKER gateway antennas. This cooperative endeavor not only earned acclaim from their respective customer bases but also facilitated an expansion of their market reach.
- In December 2021, Orbit Communications Systems Ltd. completed the acquisition of Euclid Systems Engineering, a firm known for its expertise in crafting intelligent, lightweight positioners, and tracking systems tailored for the defense sector. The rationale behind this strategic move was to fortify the company's capabilities in maritime and airborne SATCOM by leveraging Euclid Systems Engineering's strengths. This pivotal acquisition will not only enable the expansion of Orbit Communications Systems' product offerings but also enhance its worldwide market presence.
The Prominent Key Players Operating in the Global Very Small Aperture Terminal (VSAT) Market Include:
- Singtel (Singapore)
- Vizocom Company (U.S.)
- x2nSat (United States)
- C-COM Satellite Systems Inc (Canada)
- Marlink (Norway)
- Thuraya Telecommunications Company (U.A.E.)
- Speedcast (Australia)
- NSSLGlobal (U.K.)
- ST Engineering (Singapore)
- Atos SE (France)
- Iridium Communications Inc. (U.S.)
- EchoStar Corporation (U.S.)
- Orbit Communications Systems Ltd. (Israel)
- Ultra (U.K.)
- Nisshinbo Holdings Inc. (Japan)
- General Dynamics Corporation (U.S.)
- Honeywell International Inc. (U.S.)
- Cobham Satcom (U.K.)
- Thales (France)
- GILAT SATELLITE NETWORKS (Israel)
- L3Harris Technologies, Inc. (U.S.)
- Viasat, Inc. (U.S.)
- KVH Industries, Inc. (U.S.)
- CPI International Inc. (U.S.)
- Global Invacom (U.K.)
Above are the key players covered in the report, to know about more and exhaustive list of global very small aperture terminal (VSAT) market https://www.databridgemarketresearch.com/contact
Research Methodology: Global Very Small Aperture Terminal (VSAT) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
