Global Very Small Aperture Terminal (vsat) Market Size & Outlook
The global very small aperture terminal (vsat) market size was estimated at USD 2,881.7 million in 2023 and is projected to reach USD 5,516.7 million by 2030, growing at a CAGR of 9.7% from 2024 to 2030.
Revenue, 2023 (US$M)
$2,881.7
Forecast, 2030 (US$M)
$5,516.7
CAGR, 2024 - 2030
9.7%
Report Coverage
Worldwide
Global very small aperture terminal (vsat) market, 2018-2030 (US$M)
Related Markets
Global very small aperture terminal (vsat) market highlights
- The global very small aperture terminal (vsat) market generated a revenue of USD 2,881.7 million in 2023 and is expected to reach USD 5,516.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.7% by 2030.
- In terms of segment, equipment accounted for a revenue of USD 1,627.3 million in 2023.
- Connectivity Services is the most lucrative solution segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,881.7 million |
| Market revenue in 2030 | USD 5,516.7 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Connectivity Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Support Services, Connectivity Services |
Other key industry trends
- In terms of revenue, the North America accounted for 31.6% of the global very small aperture terminal (vsat) market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 96.6 million by 2030.
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Very Small Aperture Terminal (VSAT) Market Scope
Very small aperture terminal (vsat) market segmentation & scope
Very Small Aperture Terminal (VSAT) Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Singtel | View profile | 10001+ | Singapore, Central Region, Singapore, Asia | https://www.singtel.com |
| Troppus Software, an EchoStar Corporation | View profile | 1001-5000 | Louisville, Colorado, United States, North America | http://www.meetsymbi.com |
| Cobham SATCOM | View profile | - | Lyngby, Hovedstaden, Denmark, Europe | https://cobham-satcom.com/ |
| Orbit Communication Systems | View profile | 251-500 | Netanya, HaMerkaz, Israel, Asia | http://www.orbit-cs.com/ |
| Gilat Satellite Networks Ltd | View profile | 1183 | 21 Yegia Kapayim Street, Gilat House, Kiryat Arye, Petah Tikva, Israel, 4913020 | https://www.gilat.com |
| Thuraya Telecommunications | View profile | 251-500 | Dubai, Dubai, United Arab Emirates, Asia | http://www.thuraya.com/ |
| Viasat Inc | View profile | 6800 | 6155 El Camino Real, Carlsbad, CA, United States, 92009 | https://www.viasat.com |
| L3Harris Technologies Inc | View profile | 50000 | 1025 West NASA Boulevard, Melbourne, FL, United States, 32919 | https://www.l3harris.com |
Global very small aperture terminal (vsat) market size, by regions, 2018-2030 (US$M)
Top 10 countries: Very small aperture terminal (vsat) market size, 2023 (US$M)
Global very small aperture terminal (vsat) market share, by design, 2023 & 2030 (%, US$M)
Very small aperture terminal (vsat) market: Opportunity assessment by country
Global very small aperture terminal (vsat) market, by region, 2023 (US$M)
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