VSAT (Very Small Aperture Terminal) market worth $16.4 billion by 2027

0

CHICAGO, July 19, 2022 /PRNewswire/ — VSAT Market (Very Small Aperture Terminal) should go from $7.5 billion in 2022 at $16.4 billion by 2027, at a CAGR of 16.9% from 2022 to 2027 according to a new report from MarketsandMarkets™. The market is driven by various factors, such as the increased use of Ku and Ka band VSATs and the growing need for VSAT systems to enable telemedicine in remote locations are major drivers of the VSAT market.

Download the PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259771130

Browse the in-depth table of contents atVSAT Market (Very Small Aperture Terminal)” 337 – Paintings
60 – Numbers
283 – Pages

VSAT market includes major players Orbit Communication Systems Ltd. (Israel), L3Harris Technologies Inc. (USA), Inmarsat Global Limited (UK), Viasat Inc. (USA) and Gilat Satellite Networks Ltd. (Israel). These players have spread their activities across various countries, including North America, Europe, Asia Pacific, Middle East, Africa and South America. COVID-19 has also impacted their business.

Based on the platform, the terrestrial VSAT segment is expected to dominate the VSAT market share during the forecast period.

Terrestrial VSATs are estimated to have the largest market share by value. The growth of this segment may be the increase in the usage of VSAT system on terrestrial platforms for efficient connectivity, which boosts the terrestrial VSAT segment during the forecast period. VSATs provide high-speed connectivity and broadband solutions on terrestrial and terrestrial platforms. Terrestrial VSAT is further segmented into fixed, portable/manpacks and mobile. Detection, tracking and reporting are some of the basic functions of terrestrial VSAT terminals. These terminals also help detect unexploded ordnance and tunnels. Movement near exterior walls, as well as critical infrastructure and buildings, can also be tracked using a terrestrial VSAT

The broadband/data network segment is estimated to be the largest and fastest growing market

Broadband/data networks are estimated to be the largest and fastest growing segment in the VSAT market. The growth of this segment can be attributed to an increased demand for efficient broadband connectivity. VSAT systems play an important role in broadband data communication services. VSAT provides satellite telecommunications and Internet access to businesses and individuals. VSATs provide control over their networks, otherwise companies must rely on third parties. The most widespread use of VSAT would be the service provided on television sets. Customers pay to have the terminal installed in their homes and subscribe to the network to access it. Strong government broadband initiatives, investments in broadband infrastructure, and advancements in technology are the major factors driving the market. Broadband and data networks are used for: satellite Internet access, digital content distribution, wide area network (WAN) connectivity, video conferencing, distance learning and telephony.

Request sample pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=259771130

The VSAT market in the Asia Pacific is expected to grow at the highest CAGR rate over the forecast period

Asia Pacific is expected to be the highest CAGR rate for the VSAT market during the forecast period. The growth of this region is attributed to the demand for advanced VSAT systems in the maritime industry which is driving the market. The demand for always-on connectivity has grown worldwide in recent years, with requirements for narrowband and broadband applications in remote, underserved and mobile locations accounting for a large portion of the market. The massive growth in satellite capacity has driven prices down significantly, making very small aperture terminals (VSATs) a viable solution for many industries and regions for the first time. In 2021, Orbit Communication Systems Ltd. (Israel) received an order from a major Asian Navy for the OceanTRx 4 and OceanTRx 7 satellite communications systems.

Gilat satellite networks (Israel), L3 Harris Technologies (US), Viasat Inc (US), Inmarsat Global Limited (UK) and Orbit Communication System (Israel) are among the major players operating in the VSAT Market report.

Get 10% free customization on this report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=259771130

Browse the adjacent market: Aerospace and Defense Market Research Reports and Consulting

Related reports:

Satellite Antenna Market by Platform (Land Fixed, Land Mobile, Airborne, Maritime, Space), Antenna Type, Technology (SOTM, SOTP), Component Type (Reflectors, Feedhorns, Feeder Networks, low noise converters), frequency and region (2021 -2026)

Satellite Communications Equipment (SATCOM) Market by Solution (Products and Services), Platform (Portable, Land Mobile, Land Fixed, Airborne, Maritime), Technology (SOTM/COTM, SOTP), Vertical, Connectivity, Frequency and region (2021- 2026)

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats that will impact 70%-80% of global business revenue. Currently serving 7,500 customers worldwide, including 80% of global Fortune 1000 companies as customers. Nearly 75,000 senior executives from eight industries around the world approach MarketsandMarkets™ for their revenue decision issues.

Our 850 full-time analysts and MarketsandMarkets™ SMEs track global high-growth markets by following the “Growth Engagement Model – GEM”. The GEM aims for proactive collaboration with customers to identify new opportunities, identify most important customers, write “Attack, Avoid and Defend” strategies, identify additional sources of revenue for the company and its competitors. MarketsandMarkets™ now offers 1,500 MicroQuadrants (positioning top performers among Leaders, Emerging Companies, Innovators, Strategic Players) each year in high-growth emerging segments. MarketsandMarkets™ is determined to benefit over 10,000 companies this year for their revenue planning and help them bring their innovations/disruptions to market by providing research ahead of the curve.

MarketsandMarkets’ flagship competitive intelligence and market research platform, “Knowledge Store”, connects over 200,000 markets and entire value chains for a deeper understanding of unmet information, as well as market sizing and niche market forecasts.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Office 430
Northbrook, IL 60062
UNITED STATES: +1-888-600-6441
E-mail: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/very-small-aperture-terminal-market.asp
Visit our website: https://www.marketsandmarkets.com/
Content source: https://www.marketsandmarkets.com/PressReleases/very-small-aperture-terminal.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

SOURCE Markets and Markets

Share.

About Author

Comments are closed.