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The Very Small Aperture Terminal (VSAT) Market size is estimated to grow at a CAGR of 15.79% between 2022 and 2027. The market size is forecast to increase by USD 8.57 billion. The growth of the market depends on several factors, including the increased use of satellite services for cross-vertical applications, the growing use of remote sensing and GIS in disaster management, and the rising government initiatives for effective communication services. Very small aperture terminals are communication terminals that transmit and receive text, audio, and video data using satellite broadband Internet services. These terminals operate using geostationary satellites on Ku, Ka, and C bands.
This very small aperture terminal market report extensively covers market segmentation by solution (services and products), platform (land VSAT, maritime VSAT, and airborne VSAT), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Increased use of satellite services for cross-vertical applications is driving growth in a small aperture terminal market. To enable communications in areas of use such as public safety operations, extremely small aperture terminals play an important role. With the changing technology in the global information technology sector and growing demand for world-class health facilities, the demand for telemedicine is increasing. Telemedicine is the exchange of health care information between sites via electronic communications so as to check a patient's state of health.
Moreover, Ka-band offers more available spectrum than other broadband technology, which leads to high capacity, thus allowing it to serve many simultaneous users more effectively and efficiently. Most of the small aperture terminal antenna manufacturers are manufacturing Ka-band antennas, in view of the benefits offered by Ka-band. The increased use of satellite services for cross-vertical applications will drive the growth of the global very small aperture terminal market during the forecast period.
The cloud-based big data services are a key trend in a small aperture terminal market. Satellites are producing a large volume of data in the form of imageries, which is difficult to analyze. This has created the need for data analytics as it can provide meaning and structure to large volumes of unstructured data. The growth of the need to analyze satellite data has been realized by markets that operate globally in very low aperture terminal markets, who intend to enter into a sector known as analytics space.
Moreover, the oil and gas, construction, and agriculture industries are the major commercial application areas where aerial photography is extensively used. In order to automatically perform and analyze raw aerial images, big data cloud services provide reliable and accurate data. Field scouting mobile apps and cloud solutions, along with on-demand aerial imaging services, can modify the landscape of crop scouting significantly and aid farmers in increasing crop yield. These factors will drive the growth of the global Very Small Aperture Terminal (VSAT) Market during the forecast period.
The high installation cost of very small aperture terminal equipment is a major challenge in a small aperture terminal market. In order to allow communication in use areas such as public safety, very small aperture terminals play an essential role. With the changing technology in the global information technology sector and growing demand for world-class health facilities, the demand for telemedicine is increasing. Telemedicine is the transmission of medical information by means of computer communications to monitor patients' health status from one place to another.
However, the prices of Ka-band antennas, which are used in very small aperture terminals and mobile terminals for land, airborne, and maritime applications, are declining sharply. As a result, enterprises will be more likely to use Kaband for communications purposes. Thus, the increased use of satellite services for cross-vertical applications; will drive the growth of the global very small aperture terminal market during the forecast period.
The market share growth by the services segment will be significant during the forecast period. Using satellite broadband services, hospitals, and clinics can maintain direct two-way communications and data exchange with victims during emergency situations. In the field of health care, satellite broadband services have been increasingly used.
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The services segment showed a gradual increase in the market share of USD 3.37 billion in 2017 and continued to grow by 2021. Satellite broadband services can also be helpful for organizations involved in civil protection and humanitarian activities. In order to analyze and manage factors that contribute to the development of disasters, they support government agencies. These services enable end-users to analyze risks and plan and implement preventive measures.
Based on the platform, the land VSAT segment held the largest share of the global Very Small Aperture Terminal (VSAT) Market in 2022. Increasing use of very aperture terminal systems in land-based platforms to provide effective connectivity is projected to lead to the growth of this segment during the forecast period. These terminals provide high-speed broadband solutions and connectivity on land and land-based platforms. Land very small aperture terminals (VSAT) are further divided into fixed, portable/manpacks, and mobile. Unexploded ordinance and hidden tunnels are also detected by these terminals. Such applications drive the demand for land VSAT, thereby spurring the growth of the global very small aperture terminal market during the forecast period.
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APAC is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Most countries in APAC require satellite broadband communication to provide timely and accurate disaster management as it is a disaster-prone region. A very small aperture terminal helps develop extensive geographic information system (GIS) data, which is used to analyze and manage various hazardous activities, such as mining. Relevant information on terrorism activities is also provided through the use of very small-aperture terminals.
The APAC region, where very few aperture terminals are needed in order to guarantee efficient security, is identified as a future area for global trade and tourism. The deployment of very small aperture terminals in countries such as India, China, Pakistan, and Sri Lanka is increasing because these countries are highly vulnerable to terrorist attacks and cross-border terrorism. The need to thwart terrorist attacks and tackle natural disasters in this region will thereby increase the demand for very small aperture terminals during the forecast period.
In 2020, most operations of various space centers in the region were negatively affected by the outbreak of COVID-19. However, the lockdowns were lifted in several countries in the first half of 2021 due to the extensive COVID-19 vaccination programs conducted in the region. Therefore, the regional terminal market for very small apertures witnessed growth in 2021 when restrictions on closures were lifted. Furthermore, with the containment of the pandemic in 2022, investments by major players in novel technology developments are expected to accelerate, thus driving the growth of the Very Small Aperture Terminal (VSAT) Market in APAC during the forecast period.
The Very Small Aperture Terminal Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Very Small Aperture Terminal Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The very small aperture terminal market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Very Small Aperture Terminal Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.79% |
Market growth 2023-2027 |
USD 8.57 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
15.35 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 32% |
Key countries |
US, China, Japan, Germany, and the UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
America Movil SAB de CV, Atos SE, CITIC Ltd., Cobham Ltd., Comtech, EchoStar Corp., Gilat Satellite Networks Ltd., Inmarsat Global Ltd., KVH Industries Inc., L3Harris Technologies Inc., Marlink SAS, ND SatCom GmbH, Nisshinbo Holdings Inc., Orbit Communications Systems Ltd., Singapore Technologies Engineering Ltd., Singapore Telecommunications Ltd., Telefonica SA, Thales Group, Viasat Inc., and Vizocom |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Solution
7 Market Segmentation by Platform
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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