VSAT (Very Small Aperture Terminal) Market Report: Trends, Forecast and Competitive Analysis to 2030

VSAT (Very Small Aperture Terminal) Trends and Forecast

The future of the global VSAT (very small aperture terminal) market looks promising with opportunities in the broadband/data network, voice communications, private network service, and broadcast markets. The global VSAT (very small aperture terminal) market is expected to reach an estimated $2.3 billion by 2030 with a CAGR of 16.5% from 2024 to 2030. The major drivers for this market are increasing demand of broadband connections for the internet, growing adoption of VSAT technology for crew welfare in oil & gas industry, and rising need for secure communication in the maritime industry.

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VSAT (Very Small Aperture Terminal) by Segment

The study includes a forecast for the global VSAT (very small aperture terminal) by type, solution, end use industry, applicaton, and region.

VSAT (Very Small Aperture Terminal) Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Standard VSAT
• USAT

VSAT (Very Small Aperture Terminal) Market by Solution [Shipment Analysis by Value from 2018 to 2030]:

• Equipment
• Support Services
• Connectivity Services

VSAT (Very Small Aperture Terminal) Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Broadband/Data networks
• Voice Communications
• Private Network Services
• Broadcast
• Others

VSAT (Very Small Aperture Terminal) Market by Applicaton [Shipment Analysis by Value from 2018 to 2030]:

• Healthcare
• Energy & Power
• Education
• BFSI
• Media & Entertainment
• Retail
• Transportation & Logistics
• Telecommunications
• Maritime

VSAT (Very Small Aperture Terminal) Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of VSAT (Very Small Aperture Terminal) Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies VSAT (very small aperture terminal) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the VSAT (very small aperture terminal) companies profiled in this report include-

• Orbit Communication Systems
• L3Harris Technologies
• Inmarsat Global Limited
• Viasat
• Gilat Satellite Networks

VSAT (Very Small Aperture Terminal) Market Insights

Lucintel forecasts that standard VSAT will remain the largest segment over the forecast period.

Within this market, broadband/data networks will remain the largest segment.

APAC is expected to witness highest growth over the forecast period.

Features of the Global VSAT (Very Small Aperture Terminal) Market

Market Size Estimates: VSAT (very small aperture terminal) market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: VSAT (very small aperture terminal) market by various segments, such as by type, solution, end use industry, applicaton and region in terms of($B).

Regional Analysis: VSAT (very small aperture terminal) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, solutions, end use industries, applicatons, and region.s for the VSAT (very small aperture terminal) market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the VSAT (very small aperture terminal) market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the VSAT (very small aperture terminal) market size?

Answer: The global VSAT (very small aperture terminal) market is expected to reach an estimated $2.3 billion by 2030.

Q.2. What is the growth forecast for VSAT (very small aperture terminal) market?

Answer: The global VSAT (very small aperture terminal) market is expected to grow with a CAGR of 16.5% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the VSAT (very small aperture terminal) market?

Answer: The major drivers for this market are increasing adoption of VSAT technology for crew welfare in oil & gas industry, growing need for VSAT systems in maritime industry, and rising demand of bradband data connections from government to business sector is also driving the growth of this market.increasing demand of broadband connections for the internet, growing adoption of VSAT technology for crew welfare in oil & gas industry, and rising need for secure communication in the maritime industry.

Q.4. What are the major segments for VSAT (very small aperture terminal) market?

Answer: The future of the VSAT (very small aperture terminal) market looks promising with opportunities in the broadband/data network, voice communications, private network service, and broadcast markets.

Q.5. Who are the key VSAT (very small aperture terminal) market companies?

Answer: Some of the key VSAT (very small aperture terminal) companies are as follows:

• Orbit Communication Systems
• L3Harris Technologies
• Inmarsat Global Limited
• Viasat
• Gilat Satellite Networks

Q.6. Which VSAT (very small aperture terminal) market segment will be the largest in future?

Answer: Lucintel forecasts that standard VSAT will remain the largest segment over the forecast period.

Q.7. In VSAT (very small aperture terminal) market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the VSAT (very small aperture terminal) market by type (standard VSAT and USAT), solution (equipment, support services, and connectivity services), end use industry (broadband/data networks, voice communications, private network services, broadcast, and others), applicaton (healthcare, energy & power, education, BFSI, media & entertainment, retail, transportation & logistics, telecommunications, and maritime), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?