The 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. Increased use of VSAT in maritime industry and increasing demand for broadband and data connections from government and business sectors is driving the growth of the VSAT market
VSAT systems provide satellite-based telecommunication and internet access to companies and individuals, enabling them to control their networks without relying on third-party applications. Government initiatives to expand rural broadband connectivity, such as the BharatNet project of the Government of India, has led to increased deployment of VSAT systems. ATMs installed in far off places are governed using VSAT systems, with antennas installed on the roof of ATMs and receivers installed at the bank premises.
Orbit Communication Systems Ltd. (Israel), L3Harris Technologies Inc. (US), Inmarsat Global Limited (UK), Viasat Inc. (US), and Gilat Satellite Networks Ltd. (Israel) are the leading players operating in the VSAT market. These players have adopted various growth strategies such as contracts, agreements, acquisitions, expansions, new product launches, partnerships & certifications, investments, venture capital funding, new service launches, and research & development (R&D) activities to further expand their presence in the VSAT market.
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Orbit Communication Systems Ltd. is a leading global provider of communications and satellite-tracking maritime and ground-station solutions. Its VSAT services are used in a wide range of applications such as jet fighters, cruise ships, navy vessels, ground vessels, and offshore platforms. The company delivers innovative, cost-effective, and reliable VSAT solutions to space, defense, and aircraft companies. Some of the company’s VSAT products include AirTRx-commercial, MPT-military, and MPT 46WGX.
L3Harris Technologies Inc. (US) is a global leader in providing satellite broadband solutions and services and a leading provider of managed network services and applications. The company operates through three segments: communication systems, space & intelligence systems, and electronic systems. The communication systems segment offers integrated system solutions for the US and international defense and public safety networks. It offers tactical ground and radio, modular aperture quad-band antenna terminal, and night vision technologies as well as services supporting air traffic management and communication to defense, commercial, and expeditionary users
INMARSAT GLOBAL LIMITED is a is the worlds leading provider of global mobile satellite services. It offers an unrivaled portfolio of global VSAT solutions and services across all platforms. The company also provides voice and high-speed data services across geographies. Inmarsat was founded in 1979 by the International Maritime Organization (IMO) to enable ships to stay in constant touch with shore or call for help during an emergency. The company caters to a wide range of customers, which include governments; airlines; broadcast media, oil & gas, construction, and mining industries; and humanitarian aid agencies. The company has a presence in regions such as North America, the Middle East & Africa, Asia Pacific, and Europe.
Viasat Inc. designs and manufactures antenna systems for several platforms. It provides over 100 gateway systems for the most advanced satellite communication networks in the world. Viasat is a market leader in remote sensing antenna systems that process imaging data for applications like Google Maps.
Mobile satellite networking is one of the fastest-growing technologies. This technology is used in VSAT systems for commercial and military aircraft. The company also offers services that include installation, integration, and upgradation of frequency bands such as L-band, S-band, X-band, and Ka-band for VSAT systems globally.
Gilat Satellite Networks Ltd., along with its subsidiaries, provides broadband VSAT network solutions and services across the globe. The company designs and manufactures VSAT equipment and provides network infrastructure and professional services to satellite and telecommunication companies. It also provides services for in-flight connectivity, maritime, land mobility, cellular backhaul, broadband access, enterprise communications, and defense and public safety applications. It develops telecommunication infrastructure using fiber optics and wireless technologies for broadband connectivity. The company sells its products and solutions to communication service providers and operators, mobile network operators, system integrators, and defense & homeland security organizations.
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 - Global Forecast to 2027
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