The very small aperture terminal market is estimated to foresee tremendous growth over the coming years due to the rising demand for more sophisticated and advanced satellite-based communication systems across a plethora outdoor and indoor of application sectors. VSAT systems are used on a wide scale in numerous applications to support high-speed broadband services for several business activities across industries like aerospace, naval, and maritime, which is positively impelling the industry revenues.
Additionally, growing use of smartphones across the globe is also projected to foster the demand for VSAT services over the forecast timespan. In fact, as per a report published by Pew Research Center, approximately six in ten people across developed countries such as Poland, Russia, and Greece use smartphones. Meanwhile, nine out of ten people in more technologically-inclines nations like South Korea, Netherlands, and Israel use smartphones. This rapid increase in the penetration of smartphones across the globe would majorly fuel the very small aperture terminal market outlook.
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With respect to band, the Ku band segment is estimated to expand at a healthy CAGR of more than 7% through the forecast timespan. This segment growth is ascribed to the surging implementation of satellite communication across the globe. Ku band frequencies enable communication using high power signals and also ensure a substantial reduction in power consumption. Furthermore, Ku band applications are supported by equipment that are typically 1.8-meter in size. In addition, with an upsurge in the demand for restricted area of installation, the adoption for Ku band frequency solutions across limited bandwidth satellite applications is witnessing substantial growth, thereby augmenting the overall segment share.
Meanwhile, the overall terminal segment is projected to witness tremendous revenue growth, especially from the Single Channel Per Carrier (SCPC) based terminal segment. SCPC based terminal technology is extensively used in audio/video communication and broadcasting. Single Channel Per Carrier is specifically developed to support unique receiving and transmitting VSAT as well as for point-to-point communication links. This technology also cuts the use of the central control hub thereby offering flexibility in the expansion. Additionally, the technology also helps dedicated high bandwidth when the sharing or contention is absent.
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Consistent growth in the aerospace and defense sector is likely to fuel the Europe very small aperture terminal market outlook over the coming years. Rapid expansion of the aerospace and defense sector leading to strategic collaborations between satellite communication firms, which is shaping the market outlook. Taking September 2019 for instance, Russian Satellite communications company collaborated with Thaicom Public Company Limited. Under this partnership, both the firms together created maritime satellite broadband connectivity through the use of the VSAT network. The overall regional market is projected to hold more than 30% industry share of the global market by the end of 2026.
The competitive landscape of the global very small aperture terminal market is inclusive of players such as Singtel, Orbit Communication System, Norsat International Inc., Newtec, Marlink, L3Harris, KVH Industries, Inmarsat, Hughes Network System, Honeywell, Gilet Satellite networks, General Dynamics, and Cobham among others.
Major Key Points from Table of Content:
Chapter 5. Very Small Aperture Terminal Market, By Band
5.1. Key trends, by band
5.2.1. Very small aperture terminal market estimates and forecast, 2015 - 2026
5.3.1. Market estimates and forecast, 2015 – 2026
5.4. K, Ka
5.4.1. Market estimates and forecast, 2015 – 2026
5.5. P, L, S
5.5.1. Market estimates and forecast, 2015 – 2026
Chapter 6. Very Small Aperture Terminal Market, By Terminal
6.1. Key trends, by terminal
6.2. Single Channel Per Carrier (SCPC)
6.2.1. Market estimates and forecast, 2015 - 2026
6.3. Time Division Multiplexing (TDM)
6.3.1. Market estimates and forecast, 2015 – 2026
6.4. Time Division Multiple Access (TDMA)
6.4.1. Market estimates and forecast, 2015 - 2026
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