The Very Small Aperture Terminal [VAST] Market Size was valued at USD 11.52 billion in 2022 and is expected to reach USD 21.17 billion by 2030 and grow at a CAGR of 7.9% over the forecast period 2023-2030.
Very small Aperture terminal communication terminals are used to transmit and receive text, video, and audio text using Broadband Internet services. Terminals are 1.2 to 2.4 meters wide. They use geostationary satellites in the Ka, Ku, and C bands. There are two types of channels involved in this process which include a fixed station and a moving station. The VSAT network consists of a large channel called the harp and other sites located in remote locations connected to the geostationary satellite. These networks help to detect broadband wireless connections in uninstalled and remote areas that are not covered by wireless networks. There are three types of VSAT transfers that include demand for multiple access points, multi-time distribution , multiple channels per network company / one channel per network company. The VSAT terminal also provides additional services such as data transfer, local area network services and internet access.
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Growing demand for advanced satellite imagery, rising popularity of high-resolution digital satellite aerial imagery among engineers, developers, and city planners to use the imagery for strategic planning, analysis, and evaluation, increasing adoption of VSAT due to technological advancements and the introduction of remote-sensing technology and image-enhancement equipment are expected to drive the market over the forecast years. The Global Very Small Aperture Terminal Market report offers a comprehensive analysis of the market. The report provides a comprehensive analysis of the market's key segments, trends, drivers, restraints, competitive landscape, and factors.
MARKET DYNAMICS
KEY DRIVERS
In the maritime industry, there is a greater demand for VSAT systems.
VSAT-equipped ships can provide high-speed broadband connections for business activities like ERP and video conferencing, as well as personal communication like email, video calling, and streaming.
RESTRAINTS
Connectivity issues at sea
While catering to marine applications, maritime platforms face unstable connections, a lack of coverage, lapses in service, and long delays.
OPPORTUNITIES
The number of LEO-HTS constellations is growing.
Telecom operators will be able to access previously unavailable networks and expand their reach to remote areas thanks to new low Earth orbit constellations. with flexible 4G and 5G technologies and high bandwidth
CHALLENGES
In the last few years, there has been an increase in cyber security breaches all over the world.
The growing use of smart shipping jeopardizes the integrity and dependability of monitoring systems.
THE IMPACT OF COVID-19
The VSAT market includes major players Gilat Satellite Networks, L3 Harris Technologies, Viasat Inc, Inmarsat Global Limited, and Orbit Communication System. These players have spread their business to various countries including North America, Europe, Asia Pacific, the Middle East, Africa and South America. COVID-19 has had an impact on their businesses. Industry experts believe that COVID-19 could affect VSAT production and services by 7-10% worldwide by 2020.
The rapid spread of COVID-19 in Europe, the US and Asia Pacific has led to a sharp decline in demand for VSATs worldwide, with a corresponding decrease in the revenue of various VSAT providers, service providers in all markets due to late delivery, production closures. , fewer workers in production facilities, and limited availability of equipment. As industry experts, the global VSAT demand is expected to fully recover by 2022.
In light of the Item, the market is bifurcated into Fixed Station and Portable Station. The accessibility of remote broadband network because of the use of the two stations will use the market. In light of the Application, the market is bifurcated into the Common and Military. Military applications are anticipated to hold the main CAGR in the projected period because of the utilization of high-goal satellite symbolism in essential preparation, examination, and assessment in military activities. Rough VSAT is the quickest developing portion of the VSAT market, by plan. The development of this fragment can be credited because of expanded use at distant areas and high-risk conditions, for example, oceanic, aeronautics, energy and power, and safeguard areas. There is a requirement for the VSAT framework to be safeguarded remotely from shock perils from outrageous natural and remote circumstances. Sea VSAT is the quickest developing portion of the VSAT market. The development of this portion can be credited because of interest for business ready, and higher information rates in business ships have driven the oceanic VSAT market. Business transport tasks incorporate functional security information, for example, crisis data, information connected with video checking utilizing IP-based CCTV frameworks, and telemetry information. Hughes Organization Framework, Cobham, KVH Enterprises, Intelsat, and Circle Correspondence Framework are significant suppliers of VSAT frameworks for business ships. A cross breed geography is the quickest developing fragment of the VSAT market, by Organization design. The development of this section can be credited because of its high information dependability and high resistance capacity. This geography's most significant benefit is consolidating the qualities of various geographies. For example, network geography has amazing information unwavering quality, and star geography has high resilience capacity, and both these two capacities work at the same time in half breed geography
By Design
Rugged VSAT
Non-rugged VSAT
By Product
Fixed Station
Mobile Station
By Application
Civil
Military
By Solution
Equipment
Support Services
Connectivity Services
By Platform
Land VSAT
Maritime VSAT
Airborne VSAT
By End-Use
Broadband / Data Networks
Voice Communications
Private Network Services
Broadcast
Others
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REGIONAL ANALYSIS
The Global Very small aperture terminal (VSAT) market is divided into four regions: North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region will hold the largest market share due to the need for satellite broadband communication to obtain accurate and timely information for disaster management in this disaster-prone region. VSAT is also used to manage and analyse risky activities such as mining.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Viasat Inc, Inmarsat Global Limited, Orbit Communication System, Gilat Satellite Networks, L3 Harris Technologies, Gigasat, GomSpace, Imtech Marine, Mitsubishi Electric, ND Satcom, Newtec, and other players.
Viasat Inc-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 11.52 Billion |
| Market Size by 2030 | US$ 21.17 Billion |
| CAGR | CAGR of 7.9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Design (Rugged VSAT, Non-rugged VSAT) • By Product (Fixed Station, Mobile Station) • By Application (Civil, Military) • By Solution (Equipment, Support Services, Connectivity Services) • By Platform (Land VSAT, Maritime VSAT, Airborne VSAT) • By End-Use (Broadband / Data Networks, Voice Communications, Private Network Services, Broadcast, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Viasat Inc, Inmarsat Global Limited, and Orbit Communication System, Gilat Satellite Networks, L3 Harris Technologies, Gigasat, GomSpace, Imtech Marine, Mitsubishi Electric, ND Satcom, Newtec, and other players. |
| DRIVERS | • In the maritime industry, there is a greater demand for VSAT systems. • VSAT-equipped ships can provide high-speed broadband connections for business activities like ERP and video conferencing, as well as personal communication like email, video calling, and streaming. |
| RESTRAINTS | • Connectivity issues at sea • While catering to marine applications, maritime platforms face unstable connections, a lack of coverage, lapses in service, and long delays. |
Manufacturers/Service providers, Consultants, Association, Research institutes, private and universities libraries, Suppliers, and Distributors of the product.
While catering to marine applications, maritime platforms face unstable connections, a lack of coverage, lapses in service, and long delays.
The Asia Pacific region will hold the largest market share among other region due to high need.
During the projection period, the maritime VSAT segment is predicted to have the second biggest market share.
According to SNS insiders, the global market size was USD 10.68 billion in 2021 and is expected to reach USD 18.18 billion by 2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Very Small Aperture Terminal Market Segmentation, by Design
8.1 Rugged VSAT
8.2 Non-rugged VSAT
9. Very Small Aperture Terminal Market Segmentation, by Product
9.1 Fixed Station
9.2 Mobile Station
10. Very Small Aperture Terminal Market Segmentation, by Application
10.1 Civil
10.2 Military
11. Very Small Aperture Terminal Market Segmentation, by Solution
11.1 Equipment
11.2 Support Services
11.3 Connectivity Services
12. Very Small Aperture Terminal Market Segmentation, by Platform
12.1 Land VSAT
12.2 Maritime VSAT
12.3 Airborne VSAT
13. Very Small Aperture Terminal Market Segmentation, by End-Use
13.1 Broadband / Data Networks
13.2 Voice Communications
13.3 Private Network Services
13.4 Broadcast
13.5 Others
14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 USA
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Germany
14.3.2 UK
14.3.3 France
14.3.4 Italy
14.3.5 Spain
14.3.6 The Netherlands
14.3.7 Rest of Europe
14.4 Asia-Pacific
14.4.1 Japan
14.4.2 South Korea
14.4.3 China
14.4.4 India
14.4.5 Australia
14.4.6 Rest of Asia-Pacific
14.5 The Middle East & Africa
14.5.1 Israel
14.5.2 UAE
14.5.3 South Africa
14.5.4 Rest
14.6 Latin America
14.6.1 Brazil
14.6.2 Argentina
14.6.3 Rest of Latin America
15. Company Profiles
15.1 Viasat Inc
15.1.1 Financial
15.1.2 Products/ Services Offered
15.1.3 SWOT Analysis
15.1.4 The SNS view
15.2 Inmarsat Global Limited
15.3 Orbit Communication System
15.4 Gilat Satellite Networks
15.5 L3 Harris Technologies
15.6 Gigasat, GomSpace
15.7 Imtech Marine
15.8 Mitsubishi Electric
15.9 ND Satcom
15.10 Newtec
16. Competitive Landscape
16.1 Competitive Benchmark
16.2 Market Share Analysis
16.3 Recent Developments
17. Conclusion
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