마이크로 VSAT 시장 예측 : 컴포넌트별, 기술별, 서비스 제공업체별, 안테나 사이즈별, 용도별, 최종 사용자별, 지역별 분석(-2030년)

According to Stratistics MRC, the Global Micro VSAT Market is accounted for $574.69 million in 2024 and is expected to reach $1414.72 million by 2030 growing at a CAGR of 16.2% during the forecast period. A micro VSAT, or very tiny aperture terminal, is a small satellite communication system with an antenna that is less than 60 cm in size. These highly efficient terminals provide two-way data transfer and are especially useful in isolated or underserved locations. Micro VSATs are appropriate for sectors including telecommunications, healthcare, and maritime operations since they can support both narrowband and broadband applications. Reliable communication is made possible in difficult locations by their lightweight and durable design, which also makes deployment simple and requires little infrastructure.

According to the Department of Telecommunications (India), in 2023, the total number of internet connections in India reached close to 851 million. The connectivity has almost tripled in the past few years, compared to 302.33 million connections. According to IBEF, approximately 95% of India's merchandise trade is done through seaports

Market Dynamics:

Driver:

Increasing demand for connectivity

The growing need for connection is one of the main factors propelling the Micro VSAT market. Micro VSAT technology offers a useful alternative for companies, governments, and individuals looking for dependable and secure internet connection in rural and remote places. Greater varieties of applications are made possible by the increasing affordability and accessibility of Micro VSAT systems due to developments in satellite technology and network infrastructure. Micro VSAT is an essential tool for closing the digital divide because of the rising need for connectivity brought on by remote work, online learning, and telemedicine.

Restraint:

High initial costs

The deployment of Micro VSAT systems is significantly hampered by their high initial prices. Smaller organizations and companies with tighter budgets might discover it prohibitive to deploy these satellite communication solutions due to the significant capital commitment required for equipment, installation, and satellite capacity. Potential users are frequently deterred from incorporating Micro VSAT technology by this expensive barrier, especially in areas where other communication infrastructures, like as terrestrial networks, are more affordable and easily available. As a result, the high initial costs may restrict prospects for broad deployment and impede market expansion.

Opportunity:

Government initiatives

Government programs are crucial in driving the Micro VSAT market because they encourage the development of satellite communication infrastructure, particularly in rural and underdeveloped areas. Numerous governments are funding initiatives to improve rural residents' connectivity, assisting industries including emergency services, disaster relief, and agriculture. For example, programs in nations like Brazil and India seek to install satellite systems that enhance rural areas' access to services and information. Additionally, legislative frameworks are being developed to make it easier to deploy Micro VSAT technology, which will promote private sector involvement and innovation.

Threat:

Regulatory challenges

Regulatory hurdles have a big influence on the Micro VSAT market since they can make it difficult to navigate complicated licensing and compliance procedures. Different nations have different laws governing satellite communication, which may include operating permissions and spectrum distribution. Companies trying to expand their services internationally have challenges due to inconsistent regulatory regimes, which make market entry and operational scalability more difficult. Project implementation may also be delayed by the need for frequency coordination and possible interference with other communication services. These difficulties call for active cooperation with regulatory bodies in order to guarantee adherence and create an atmosphere that is favourable for the expansion of the Micro VSAT industry.

Covid-19 Impact

The COVID-19 pandemic had a major effect on the micro VSAT market because it increased the need for dependable communication solutions in underserved and distant places. Micro VSAT systems became crucial for supporting online education and healthcare services as telemedicine and remote learning grew in popularity. The necessity for high-speed connectivity was brought to light by this increased reliance on satellite communication, which increased usage in a number of industries, including aviation and the maritime sector. As a result, the industry is expected to increase rapidly as businesses look to improve their ability to communicate in difficult situations.

The hardware segment is expected to be the largest during the forecast period

The hardware segment is estimated to be the largest, due to the increasing need for dependable, fast connectivity in remote locations, developments in satellite communication technology, and the expanding use of IoT devices are driving the hardware component sector of the Micro VSAT market. The possibilities of Micro VSAT systems are increased by sophisticated hardware solutions, better antennas, and effective transceivers, which draw interest from a variety of sectors.

The satellite segment is expected to have the highest CAGR during the forecast period

The satellite segment is anticipated to witness the highest CAGR during the forecast period, due to the growing need for high-speed internet access in remote locations, the proliferation of IoT devices, and developments in satellite technology are the main factors propelling the Micro VSAT market's telecommunications sector. Government programs stimulate investments in satellite communication infrastructure across industries and support last-mile connectivity, which helps close the digital divide and improves the accessibility of Micro VSAT systems in particular.

Region with largest share:

Asia Pacific is expected to have the largest market share during the forecast period due to the growing need for dependable connectivity in isolated locations, particularly in nations like China, India, and Indonesia. Increased expenditures in satellite infrastructure, rapid industrialization, and government-led programs to close the digital divide all contribute to the market's growth. The need for reliable communication solutions in the region's growing oil and gas, maritime, and defense industries is driving the use of Micro VSAT systems.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period, because sectors like telecommunications, media, and defense are experiencing an increase in demand for dependable satellite communication systems. Accessibility and system performance are enhanced by the region's investments in satellite technology and infrastructure. The development of IoT applications and government programs in rural areas are further factors propelling market expansion.

Key players in the market

Some of the key players profiled in the Micro VSAT Market include Intelsat, SES, Inmarsat, Globalstar, Iridium, Sky Perfect JSAT, ViaSat, Hughes Network Systems, Gilat Satellite Networks, Thuraya, Sky Perfect JSAT, Newtec, Avanti Communications, Eutelsat, Telesat, Yahsat, Kacific Broadband Satellites, OneWeb, Starlink, and Sky Muster.

Key Developments:

In August 2024, Inmarsat introduced its NexusWave service, combining VSAT, LEO, and LTE connectivity. This integrated service aims to enhance maritime operations by providing reliable global communication through partnerships with Eutelsat OneWeb.

In August 2024, Viasat successfully launched two satellites, ASBM-1 and ASBM-2, in August 2024, as part of the Arctic Satellite Broadband Mission. These satellites will enhance broadband connectivity in the Arctic region.

In May 2024, Gilat Satellite Networks launched its SkyEdge IV platform in May 2024, which features enhanced capabilities for enterprise and government applications, supporting various terminal types.

Components Covered:

• Hardware
• Software
• Services

Technologies Covered:

• Ka-band
• Ku-band
• C-band

Service Providers Covered:

• Global VSAT Providers
• Value-Added Resellers (VARs)
• Regional VSAT Providers

Antenna Sizes Covered:

• Small
• Medium
• Large

Applications Covered:

• Telecommunications
• Broadcasting
• Remote Sensing
• Government & Military
• Enterprise
• Maritime
• Aerospace
• Oil and Gas
• Other Applications

End Users Covered:

• Commercial
• Government
• Energy & Utilities
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Micro VSAT Market, By Component

• 5.1 Introduction
• 5.2 Hardware
• 5.3 Software
• 5.4 Services

6 Global Micro VSAT Market, By Technology

• 6.1 Introduction
• 6.2 Ka-band
• 6.3 Ku-band
• 6.4 C-band

7 Global Micro VSAT Market, By Service Provider

• 7.1 Introduction
• 7.2 Global VSAT Providers
• 7.3 Value-Added Resellers (VARs)
• 7.4 Regional VSAT Providers

8 Global Micro VSAT Market, By Antenna Size

• 8.1 Introduction
• 8.2 Small
• 8.3 Medium
• 8.4 Large

9 Global Micro VSAT Market, By Application

• 9.1 Introduction
• 9.2 Telecommunications
• 9.3 Broadcasting
• 9.4 Remote Sensing
• 9.5 Government & Military
• 9.6 Enterprise
• 9.7 Maritime
• 9.8 Aerospace
• 9.9 Oil and Gas
• 9.10 Other Applications

10 Global Micro VSAT Market, By End User

• 10.1 Introduction
• 10.2 Commercial
• 10.3 Government
• 10.4 Energy & Utilities
• 10.5 Other End Users

11 Global Micro VSAT Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 13.1 Intelsat
• 13.2 SES
• 13.3 Inmarsat
• 13.4 Globalstar
• 13.5 Iridium
• 13.6 Sky Perfect JSAT
• 13.7 ViaSat
• 13.8 Hughes Network Systems
• 13.9 Gilat Satellite Networks
• 13.10 Thuraya
• 13.11 Sky Perfect JSAT
• 13.12 Newtec
• 13.13 Avanti Communications
• 13.14 Eutelsat
• 13.15 Telesat
• 13.16 Yahsat
• 13.17 Kacific Broadband Satellites
• 13.18 OneWeb
• 13.19 Starlink
• 13.20 Sky Muster