North America Very Small Aperture Terminal (VSAT) Market, By Solution (Equipment, Support Services, Connectivity Services), Platform (Land VSAT, Maritime VSAT, Airborne VSAT), Frequency (Ku-Band, C-Band, Ka-Band, X-Band), Network Architecture (Star Topology, Mesh Topology, Hybrid Topology, Point-To-Point Links), Design (Rugged VSAT and Non-Rugged VSAT), Vertical (Telecommunication, Maritime, Aviation, Government & Defense, Media & Entertainment, Transportation & Logistics, Energy & Power, Mining & Construction, Manufacturing, BFSI, Retail, Automotive, Transportation & Logistics, Healthcare, Education, Agriculture & Forestry and Others), End Use (Broadband/Data Network, Voice Communication, Private Network Service, Broadcast and Others) – Industry Trends and Forecast to 2029.
North America Very Small Aperture Terminal (VSAT) Market Analysis and Size
The massive growth in satellite capacity has resulted in a significant price drop, making very small aperture terminals (VSATs) a viable solution for many industries and regions for the first time. Furthermore, there has been an increased adoption of in VSAT technology in industries such as maritime, oil & gas, aviation among others. These systems also provide the required connectivity between users of medical applications, databases, video, and phones at remote locations, and allow communication with remote and mobile sites.
Data Bridge Market Research analyses that North America very small aperture terminal (VSAT) market is expected to reach the value of USD 5,512,115.09 thousand by 2029, at a CAGR of 9.9% during the forecast period. The very small aperture terminal (VSAT) market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019-2014)
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Quantitative Units
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Revenue in USD Thousand, Pricing in USD
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Segments Covered
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By Solution (Equipment, Support Services, Connectivity Services), Platform (Land VSAT, Maritime VSAT, Airborne VSAT), Frequency (Ku-Band, C-Band, Ka-Band, X-Band), Network Architecture (Star Topology, Mesh Topology, Hybrid Topology, Point-To-Point Links), Design (Rugged VSAT and Non-Rugged VSAT), Vertical (Telecommunication, Maritime, Aviation, Government & Defense, Media & Entertainment, Transportation & Logistics, Energy & Power, Mining & Construction, Manufacturing, BFSI, Retail, Automotive, Transportation & Logistics, Healthcare, Education, Agriculture & Forestry and Others), End Use (Broadband/Data Network, Voice Communication, Private Network Service, Broadcast and Others)
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Countries Covered
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U.S., Canada and Mexico
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Market Players Covered
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Singtel, Vizocom Company, x2nSat, C-COM Satellite Systems Inc, Marlink, Speedcast, NSSLGlobal, ST Engineering, Atos SE 2, Iridium Communications Inc., EchoStar Corporation, Orbit Communications Systems Ltd., Ultra, Nisshinbo Holdings Inc., General Dynamics Corporation, Honeywell International Inc., Cobham Satcom, Thales, GILAT SATELLITE NETWORKS, L3Harris Technologies, Inc., Viasat, Inc., KVH Industries, Inc., CPI International Inc., Global Invacom
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Market Definition
A two-way satellite communication system is referred to as a VSAT, or Very Small Aperture Terminal. This system's dish is typically less than 3.8 meters in diameter. A VSAT system's effectiveness may be negatively impacted by the weather. Also, there are three topologies for VSAT networks that are typically used which are star, mesh, or hybrid. Hence, VSAT systems provide the required connectivity between users of medical applications, databases, video, and phones at remote locations, and allow communication with remote and mobile sites.
North America Very Small Aperture Terminal (VSAT) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Growing demand for secure communication for maritime IoT applications
VSAT technology has become a major deal for the maritime industry. They are used for two-way satellite communications for internet, data and telephony, typically in rural areas and harsh environments. In recent years, there has been a progressive shift in the maritime IoT ecosphere. This ecosphere is served by various standard electronic parts that is the hardware integrated with various software. IoT services via satellite enable businesses to access data from assets in the most affordable way. Therefore, ships at sea are remote, vessels and other discrete entities are adopting digital systems as part of larger IoT networks. Using IoT devices and sensor systems across vessels/fleet helps gain competitive edge, by enabling such technologies companies are able to harness the full potential of data for more effective operations and decision-making.
- Increased adoption of VSAT technology in oil & gas industry
Nowadays, the oil and gas sector is undergoing a huge change due to the various digital innovations. There are multiple demands such as safety, security, exploring new areas for oil and increasing visibility between the rig and headquarters, all while keeping operational costs in check. Therefore, rig operators are constantly being pressured to make faster decisions and run operations more efficiently. Also, the oil & gas industry operates in remote onshore and offshore environments where the use of land-based communications is not practical or reliable. Hence, many companies have started implementing VSAT technology so that rig operators can make quick and more informed decisions, which will lower operating costs, raise productivity and provide safer working conditions for crew regardless of location.
Opportunities
- Increasing strategic partnership and acquisition among various organizations
Coordinating and investing in projects is essential for achieving sustained improvements in the very small aperture terminal (VSAT) sector. Due to which the government and other private organizations are striving through partnerships and acquisitions, thereby accelerating the growth of the industries. This helps to build awareness and profit for the organization and thereby creates scope for a new invention in the industry. Also, through partnerships, the company can invest more in advanced technologies to provide more secure and reliable very small aperture terminal (VSAT) services and solutions. Furthermore, this helps both the companies to get recognized in the competitive market, thereby generating profit to an extent.
Restraints/Challenges
- Rising cyber security concerns and data breaches
Cybercrime/hacking and cybersecurity issues have increased by 600% during the pandemic across all sectors. Flaws in network or software security is a weakness which is exploited by hackers to perform unauthorized actions within a system.
According to the recent report published Maritime Cybersecurity Survey by Safety at Sea and BIMCO, in the 12 months prior to February 2020, 31% of organizations fell victim of cyberattacks which is a 9% increase compared to 2019. According to another report published by Robert Rizika, head of North American operations at Naval Dome, reported that cyberattacks on maritime industry’s operational technology (OT) have increased by 900% from 50% in 2017, to 120% and 310% in the year 2018 and 2019 respectively.
- Issues related to reliability of very small aperture terminal (VSAT) network during bad weather
Space weather interferes with radio communication between the earth and satellites because it can cause ionosphere disturbances that reflect, refract, or absorb radio waves. Given that satellite signals must travel great distances in the air, satellite internet services for rural users may be vulnerable to severe weather. While wind rarely affects radio signals, it can wobble, vibrate, or even displace equipment like satellite dishes. Latency and rain fade are two particular factors that affect satellites' capacity to send signals. Rain and atmospheric moisture are the main causes of rain fade, which can weaken or degrade the satellite signal at higher Ku and Ka-band frequencies.
Post COVID-19 Impact on North America Very Small Aperture Terminal (VSAT) Market
COVID-19 created a negative impact on the very small aperture terminal (VSAT) market due to lockdown regulations and shutdown of manufacturing facilities.
The COVID-19 pandemic has impacted the very small aperture terminal (VSAT) market to an extent in negative manner. However, surge in demand for global maritime distress safety system across the world has helped the market to grow after the pandemic. Also, the growth has been high after the market has opened after COVID-19, and it is expected that there would be considerable growth in the sector owing to increasing proliferation of satellite based communication in military and defense sector.
Solution providers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple research and development activities to improve the technology involved in the very small aperture terminal (VSAT). With this, the companies will bring advanced technologies to the market. In addition, government initiatives for use of automation technology has led to the market's growth
Recent Developments
- In May 2022, ST Engineering partnered with NiAT to deliver critical VSAT connectivity and to meet this insatiable demand for internet access utilizing the ST Engineering iDirect Evolution platform. This has further helped the company expand its business into other sectors, including enterprise, energy and offshore, maritime, cellular backhaul, government, and defense.
- In December 2021, Orbit Communications Systems Ltd. acquired Euclid Systems Engineering, a company specialized in developing smart, lightweight positioners & tracking systems for the defense industries. The motive behind this acquisition was to strengthen the company's maritime and airborne SATCOM capabilities with the help of Euclid Systems Engineering. This development will help the company to expand its product portfolio and global presence in the market.
North America Very Small Aperture Terminal (VSAT) Market Scope
North America very small aperture terminal (VSAT) market is segmented on the basis of by solution, platform, frequency, network architecture, design, vertical and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Solution
- Equipment
- Support Services
- Connectivity Services
On the basis of solution, the North America very small aperture terminal (VSAT) market is segmented into equipment, support services, connectivity services.
Platform
- Land VSAT
- Maritime VSAT
- Airborne VSAT
On the basis of platform, the North America very small aperture terminal (VSAT) market has been segmented into land VSAT, maritime VSAT, airborne VSAT.
Frequency
- Ku-Band
- C-Band
- Ka-Band
- X-Band
On the basis of frequency, the North America very small aperture terminal (VSAT) market has been segmented into Ku-band, C-band, Ka-band and X-band.
Network Architecture
- Star Topology
- Mesh Topology
- Hybrid Topology
- Point-To-Point Links
On the basis of network architecture, the North America very small aperture terminal (VSAT) market has been segmented into star topology, mesh topology, hybrid topology and point-to-point links.
Design
- Rugged VSAT
- Non-Rugged VSAT
On the basis of design, the North America very small aperture terminal (VSAT) market is segmented into rugged VSAT, non-rugged VSAT.
Vertical
- Telecommunication
- Maritime
- Aviation
- Government & Defense
- Media & Entertainment
- Transportation & Logistics
- Energy & Power
- Mining & Construction
- Manufacturing
- BFSI
- Retail
- Automotive
- Transportation & Logistics
- Healthcare
- Education
- Agriculture & Forestry
- Others
On the basis of vertical, the North America very small aperture terminal (VSAT) market is segmented into telecommunication, maritime, aviation, government & defense, media & entertainment, transportation & logistics, energy & power, mining & construction, manufacturing, BFSI, retail, automotive, transportation & logistics, healthcare, education, agriculture & forestry, others.
End Use
- Broadband/Data Network
- Voice Communication
- Private Network Service
- Broadcast
- Others
On the basis of End Use, the North America very small aperture terminal (VSAT) market is segmented into broadband/data network, voice communication, private network service, broadcast, others.
North America Very Small Aperture Terminal (VSAT) Market Regional Analysis/Insights
North America very small aperture terminal (VSAT) market is analysed, and market size insights and trends are provided by country, material type, manufacturing process, and end-use industry, as referenced above.
The countries covered in the North America very small aperture terminal (VSAT) market report are the U.S., Canada, and Mexico in North America.
The U.S. dominates in the North America region owing to rapid adoption of satellite communication technology and increasing research and development activities for reducing antenna size.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Very Small Aperture Terminal (VSAT) Market Share Analysis
North America very small aperture terminal (VSAT) market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the very small aperture terminal (VSAT) market.
Some of the major players operating in the North America very small aperture terminal (VSAT) market are Singtel, Vizocom Company, x2nSat, C-COM Satellite Systems Inc, Marlink, Speedcast, NSSLGlobal, ST Engineering, Atos SE 2, Iridium Communications Inc., EchoStar Corporation, Orbit Communications Systems Ltd., Ultra, Nisshinbo Holdings Inc., General Dynamics Corporation, Honeywell International Inc., Cobham Satcom, Thales, GILAT SATELLITE NETWORKS, L3Harris Technologies, Inc., Viasat, Inc., KVH Industries, Inc., CPI International Inc., Global Invacom among others.
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