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DUBLIN--(BUSINESS WIRE)--Dec 5, 2022--
The "Global VSAT (Very Small Aperture Terminal) Market by Solution (Equipment, Support Services, Connectivity), Platform (Land, Maritime, Airborne), End-use (Broadband, Voice, Broadcast), Network Architecture, Vertical, Frequency, and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global VSAT market is projected to grow from USD 7.5 billion in 2022 to USD 16.4 billion by 2027, at a CAGR of 16.9% from 2022 to 2027
The market is driven by various factors, such as the increased need for VSAT systems in the maritime industry and demand for broadband data connections from government and business sectors for various platforms are the major drivers of VSAT market.
The VSAT market include major players Orbit Communication Systems Ltd. (Israel), L3Harris Technologies Inc. (US), Inmarsat Global Limited (UK), Viasat Inc. (US), and Gilat Satellite Networks Ltd. (Israel).
These players have spread their business across various countries includes North America, Europe, Asia-Pacific, Middle East, Africa and South America.
Based on network architecture, Star Topology is projected to lead the VSAT market
Star topology is projected to lead the VSAT market, by Network architecture. In star topology, each VSAT transmits and receives data only from the hub/teleport, which then interconnects to public infrastructure.
The majority of VSAT networks use star topology for large antenna gain at the hub, which optimizes the use of the satellite space and thus minimizes the size and cost of the VSAT required at the remote site. In many cases, the frequency spectrum is shared between VSATs based on a demand-driven protocol.
The transmission speed of outbound (hub to VSAT) and inbound (VSAT to hub) traffic is often asymmetric for such networks to reduce the data traffic at the hub. It should also be noted that VSATs with different characteristics (antenna diameter and transmission power) may operate in the same network
Based on Design, Rugged VSAT is projected to lead the VSAT market during the forecast period
Rugged VSAT is projected to lead the VSAT market, by design. The growth of this segment can be attributed to increased need for VSAT systems to be used on-field in extreme environmental and remote conditions.
Rugged VSATs protect equipment chassis of platforms and cabinets against lighting and minimize shock hazards. Non-rugged VSATs are used in commercial applications such as ATMs and televisions and are not used in remote areas. L3 ASV (previously ASV Global) is a designer, manufacturer, and operator of high-performance, rugged autonomous marine vehicle systems for military, government, and commercial sectors.
Based on Platform, Maritime VSAT is projected to lead the VSAT market during the forecast period
Maritime VSAT projected to lead the the VSAT market, by platform during the forecast period. The growth of this segment can be attributed due to demand for commerce onboard and higher data rates in commercial ships.
VSAT networks have helped modernize the maritime industry at a significant pace. A new wave of technology and service innovation is set to make VSAT more affordable and easier to install. The maritime VSAT segment includes various platforms such as commercial ships, military ships, and unmanned marine vehicles.
Asia-Pacific is projected to be a high growth potential market for VSAT during the forecast period
Asia-Pacific is projected to have the highest CAGR rate for VSAT market during the forecast period. The growth of this region is attributed to the demand for advanced VSAT systems in maritime industry is driving the market.
In December 2021, KVH Industries, Inc. (US) announced the launch of satellite connectivity services that will allow vessels to use KVH connectivity while operating in Indian territorial waters.
In March 2022, Orbit Communications Systems was awarded a contract for the delivery of maritime satellite communication (SATCOM) terminals. This contract was awarded by an undisclosed Asian navy. Hughes Network System (US), Cobham (UK), KVH Industries (US), and Orbit Communication Systems (Israel) are major providers of VSAT systems for military ships.
Competitive landscape
Orbit Communication Systems Ltd. (Israel), L3Harris Technologies Inc. (US), Inmarsat Global Limited (UK), Viasat Inc. (US), and Gilat Satellite Networks Ltd. (Israel) are some of the leading players operating in the VSAT market report.
Summary Findings
Premium Insights
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Trends/Disruptions Impacting Customer Business
Industry Trends
Technology Trends
Use Case Analysis
Impact of Megatrends
Innovation and Patent Registrations
Company Profiles
Key Players
Other Players
For more information about this report visit https://www.researchandmarkets.com/r/t8wb10
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SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/05/2022 10:36 AM/DISC: 12/05/2022 10:36 AM
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