Very Small Aperture Terminal Market In-Depth Study on Size, Cost Structure, Prominent Players and Applications

The global VSAT Market size is projected to grow from USD 9.5 billion in 2020 to USD 13.7 billion by 2025, at a CAGR of 7.5% from 2020 to 2025. The market is driven by various factors, such as the growing demand for VSAT systems from the maritime industry and increasing demand for VSAT on-the-move solutions for various platforms, and commercial services are the major drivers of VSAT market.

Based on platform, maritime VSAT is expected to have the second-largest market share during the forecasted period. The growing demand for commerce onboard and higher data rates in commercial ships has driven the maritime VSAT market. Commercial ship operations include operational safety data such as emergency information, data related to video monitoring using IP-based CCTV systems, and telemetry data. Hughes Network System, Cobham, KVH Industries, Intelsat, and Orbit Communication System are major providers of VSAT systems for commercial ships.

Based on end use, the broadband/data network is estimated to be the largest and fastest-growing segment in the VSAT market. The growth of this segment can be attributed to increased demand for efficient broadband connectivity. In 2019, Telecom operator, Bharti Airtel, and Hughes Communications India Ltd (HCIL) announced to combine VSAT satellite operations with broadband service connectivity.

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The naval and government vessels are used as coastguards and coastal surveillance ships. Thus, connectivity plays an important role in such applications. In March 2020, Orbit Communications Systems was awarded a contract for the delivery of maritime satellite communication (SATCOM) terminals. An undisclosed Asian navy awarded this contract. Hughes Network System (US), Cobham (UK), KVH Industries (US), and Orbit Communication System (Israel) are major providers of VSAT systems for military ships.

Based on frequency, the Ku-band segment of the VSAT market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed due to the increased use of Ku-band VSAT systems in smaller ships for high bandwidth communication. This frequency uses a spot beam configuration to deliver more bandwidth throughout the coverage area. Ka-bands transmit data at a faster rate as compared to Ku-bands.

Based on the region, the North America region of the VSAT market is projected to grow at the highest market share during the forecast period. The growth of this region can be attributed due to the demand for bandwidth and connectivity for government and defense applications. This demand for bandwidth has increased, owing to the growth in the demand for UAS across platforms that are to be used beyond the line of sight (BLOS) operations. This has led to the use of systems operating with higher frequencies, such as Ku-band and Ka-band. Market players are partnering with satellite telecommunication companies to deploy Ku-band satellites with more efficient spot beams to address the increasing demand for bandwidth.

Key manufacturers of VSAT systems are based in North America. These players include Viasat, Inc. (US), L3 Harris Technologies (US), and Honeywell International Inc. (US). These companies have reliable manufacturing facilities as well as strong distribution networks across key regions, such as North America, Europe, and Asia Pacific.

Gilat Satellite Networks (Israel) is the leading player in the VSAT market. It has a strong presence in North America and Latin America, with approximately 72% of its revenue being generated from these regions. The company has a diverse product portfolio. The company designs and manufactures VSAT equipment and provides network management 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. In 2019, Gilat Satellite Networks announced that its subsidiary, Wave Stream, received an order worth USD 6 million from the US Department of Defense (DoD) for its state-of-the-art GaN BUCs. 

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