Dublin, Sept. 26, 2024 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
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.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
Companies Featured
- Orbit Communication Systems Ltd
- L3Harris Technologies, Inc.
- Gilat Satellite Networks Ltd.
- AsiaSatellite.co
- Cobham Satcom
- Echostar Corporation
- ODN, Inc.
- Singtel
- Thuraya Telecommunications Company
- Viasat Inc.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 130 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $2.88 Billion |
| Forecasted Market Value (USD) by 2030 | $5.52 Billion |
| Compound Annual Growth Rate | 10.1% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.4. Research Scope and Assumptions
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Introduction/Lineage Outlook
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.1.1. Growing Need for Reliable Satellite Communication in Remote Locations
3.3.1.2. Increasing Demand for High-Throughput Satellite Services
3.3.2. Market Challenge Analysis
3.3.2.1. High Initial Investment Costs
3.3.3. Market Opportunity Analysis
3.3.3.1. The convergence of VSAT with cloud-based technologies
3.4. Very Small Aperture Terminal Market Analysis Tools
3.4.1. Porter's Analysis
3.4.2. PESTEL Analysis
Chapter 4. Very Small Aperture Terminal (VSAT) Market: Solution Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Very Small Aperture Terminal (VSAT) Market: Solution Movement Analysis, 2023 & 2030 (USD Million)
4.3. Equipment
4.3.1. Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.2. Fixed Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.3. Portable Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Support Services
4.5. Connectivity Services
Chapter 5. Very Small Aperture Terminal (VSAT) Market: Platform Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Very Small Aperture Terminal (VSAT) Market: Platform Movement Analysis, 2023 & 2030 (USD Million)
5.3. Land VSAT
5.4. Maritime VSAT
5.5. Airborne VSAT
Chapter 6. Very Small Aperture Terminal Market: Frequency Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Very Small Aperture Terminal (VSAT) Market: Frequency Movement Analysis, 2023 & 2030 (USD Million)
6.3. Ku-Band
6.4. Ka-Band
6.5. C-Band
6.6. S-Band
6.7. Others
Chapter 7. Very Small Aperture Terminal (VSAT) Market: Network Architecture Estimates & Trend Analysis
7.1. Segment Dashboard
7.2. Very Small Aperture Terminal (VSAT) Market: Network Architecture Movement Analysis, 2023 & 2030 (USD Million)
7.3. Star Topology
7.4. Mesh Topology
7.5. Hybrid Topology
7.6. Point-to-Point Links
Chapter 8. Very Small Aperture Terminal (VSAT) Market: Design Estimates & Trend Analysis
8.1. Segment Dashboard
8.2. Very Small Aperture Terminal (VSAT) Market: Design Movement Analysis, 2023 & 2030 (USD Million)
8.3. Rugged VSAT
8.4. Non-Rugged VSAT
Chapter 9. Very Small Aperture Terminal (VSAT) Market: Application Estimates & Trend Analysis
9.1. Segment Dashboard
9.2. Very Small Aperture Terminal (VSAT) Market: Application Movement Analysis, 2023 & 2030 (USD Million)
9.3. Data Transfer
9.4. Voice Communications
9.5. Private Network
9.6. Broadcasting
Chapter 10. Very Small Aperture Terminal (VSAT) Market: Vertical Estimates & Trend Analysis
10.1. Segment Dashboard
10.2. Very Small Aperture Terminal (VSAT) Market: Vertical Movement Analysis, 2023 & 2030 (USD Million)
10.3. Healthcare
10.4. Energy & Power
10.5. Defense
10.6. Telecommunicationsn)
10.7. Aviation
Chapter 11. Very Small Aperture Terminal (VSAT) Market: Regional Estimates & Trend Analysis
11.1. Very Small Aperture Terminal (VSAT) Market Share, By Region, 2023 & 2030 (USD Million)
Chapter 12. Competitive Landscape
12.1. Recent Developments & Impact Analysis by Key Market Participants
12.2. Company Categorization
12.3. Company Market Positioning
12.4. Company Market Share Analysis
12.5. Company Heat Map Analysis
12.6. Strategy Mapping
12.6.1. Expansion
12.6.2. Mergers & Acquisition
12.6.3. Partnerships & Collaborations
12.6.4. New Product Launches
12.6.5. Research And Development
12.7. Company Profiles
12.7.1. Participant's Overview
12.7.2. Financial Performance
12.7.3. Product Benchmarking
12.7.4. Recent Developments
For more information about this report visit https://www.researchandmarkets.com/r/45zsey
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