Very Small Aperture Terminal (VSAT) Market Size, Share & Trends Analysis Report By Solution, By Platform, By Frequency, By Network Architecture, By Design, By Application, By Vertical, By Region, And Segment Forecasts, 2024 - 2030

Very Small Aperture Terminal (VSAT) Market Size, Share & Trends Analysis Report By Solution, By Platform, By Frequency, By Network Architecture, By Design, By Application, By Vertical, By Region, And Segment Forecasts, 2024 - 2030

VSAT Market Size & Trends

The global very small aperture terminal (VSAT) market size was estimated at USD 2.88 billion in 2023 and is expected to grow at a CAGR of 10.1% from 2024 to 2030. VSAT is a satellite communication (SATCOM) technology using small dish antennas to transmit and receive data through satellite networks. The demand for very small aperture terminal is surging across various industries due to its ability to offer reliable, high-speed communication services to connect remote locations. Moreover, the growing demand for high-throughput satellite services and mobile VSAT solutions is expected to fuel market growth.

The convergence of IoT and M2M communication is anticipated to be a key driver propelling the growth of the very small aperture terminal market. The VSAT system is renowned for its robustness in satellite communication systems. It is crucial as organizations increasingly rely on IoT for automation and real-time data processing, thus stimulating market growth.

The growing demand for stable satellite communication solutions supports the market expansion. Companies heavily depend on VSAT to ensure dependable connectivity, particularly in underserved and rural areas. This ensures productivity and facilitates informed decision-making processes. Such widespread necessity is anticipated to fuel a gradual rise in the VSAT market.

In addition, the growing demand for VSAT systems at remote locations, such as oil and gas rigs, to transfer data and communicate from offshore locations is expected to support the market's growth. For instance, in January 2022, Nelco Ltd. secured a contract worth USD 400 million from Oil and Natural Gas Corporation (ONGC) to provide satellite communication services at offshore locations. The project involves supplying, commissioning, and maintaining ONGC's dedicated VSAT-based network.

However, one of the primary barriers to entry into the very small aperture terminal market is the high initial investment. Deploying VSAT infrastructure may financially burden numerous firms, particularly smaller entities. This financial constraint hampers potential expansion efforts and dampens market adoption rates. Furthermore, regulatory issues represent another significant obstacle in the market landscape. Diverse locations may enforce distinct regulations, thereby complicating the deployment and operation of VSAT systems. The intricate nature of navigating these legal frameworks often entails substantial costs and time investments, leading several organizations to opt against investing in VSAT technology.

Global Very Small Aperture Terminal (VSAT) Market Report Segmentation

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global very small aperture terminal (VSAT) market report based on solution, platform, frequency, network architecture, design, application, vertical, and region:

• Solution Outlook (Revenue, USD Million, 2018 - 2030)
• Equipment
• Fixed
• Portable
• Support Services
• Connectivity Services
• Platform Outlook (Revenue, USD Million, 2018 - 2030)
• Land VSAT
• Maritime VSAT
• Airborne VSAT
• Frequency Outlook (Revenue, USD Million, 2018 - 2030)
• Ku-Band
• Ka-Band
• C-Band
• S-Band
• Others
• Network Architecture Outlook (Revenue, USD Million, 2018 - 2030)
• Star Topology
• Mesh Topology
• Hybrid Topology
• Point-to-Point Links
• Design Outlook (Revenue, USD Million, 2018 - 2030)
• Rugged VSAT
• Non-Rugged VSAT
• Application Outlook (Revenue, USD Million, 2018 - 2030)
• Data Transfer
• Voice Communications
• Private Network
• Broadcasting
• Others
• Vertical Outlook (Revenue, USD Million, 2018 - 2030)
• Healthcare
• Energy & Power
• Defense
• Telecommunications
• Aviation
• Others
• Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Latin America
• Brazil
• Middle East & Africa
• Kingdom of Saudi Arabia (KSA)
• UAE
• South Africa

Please note The report will be delivered in 2-3 business days upon order notification.