Very Small Aperture Terminal Market size to grow by USD 8.57 billion between 2022 – 2027| Driven by Increased use of satellite services for cross-vertical applications- Technavio

NEW YORK, Oct. 20, 2023 /PRNewswire/ — The Very Small Aperture Terminal (VSAT) Market size to grow by USD 8.57 billion, accelerating at a CAGR of 15.79% during the forecast period, according to Technavio’s market analysis. The small aperture terminal market is experiencing growth due to the expanded utilization of satellite services across various sectors. Extremely small aperture terminals play a significant role in enabling communication, especially in areas like public safety operations. With the evolving technology landscape in the global information technology sector and the increasing need for high-quality healthcare services, there is a rising demand for telemedicine. Telemedicine involves the electronic exchange of healthcare information between locations to assess a patient’s health condition. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy full report here

• A significant challenge within the small aperture terminal market is the high installation costs associated with very small aperture terminal equipment. These terminals are significant for enabling communication in crucial areas such as public safety. As technology continues to evolve within the global information technology sector, and there’s a growing demand for top-tier healthcare facilities, the need for telemedicine is on the rise. Telemedicine involves the transmission of medical information through computer communications to remotely monitor patients’ health status.
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The very small aperture terminal market is segmented by Solution (Services and Products), Platform (Land VSAT, Maritime VSAT, and Airborne VSAT), and Geography (APAC, Europe, North America, South America, and Middle East and Africa). 

• The services segment is projected to experience a substantial market share during the forecast period. Hospitals and clinics are increasingly relying on satellite broadband services to establish direct, two-way communication and data exchange with individuals in emergency situations. Satellite broadband services have seen a growing adoption in the healthcare sector.
• The APAC region is anticipated to make a significant 32% contribution to the global market’s growth during the forecast period. Many countries in the APAC region rely on satellite broadband communication to facilitate prompt and accurate disaster management, given the region’s susceptibility to natural disasters. Very small aperture terminals play a significant role in generating extensive geographic information system (GIS) data, which is utilized for analyzing and managing various high-risk activities such as mining. Additionally, they are instrumental in delivering relevant information regarding terrorism activities.
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Key Companies in the very small aperture terminal market:

• America Movil SAB de CV
• Atos SE
• CITIC Ltd.
• Cobham Ltd.
• Comtech
• EchoStar Corp.
• Gilat Satellite Networks Ltd.
• Inmarsat Global Ltd.
• KVH Industries Inc.
• L3Harris Technologies Inc.
• Marlink SAS
• ND SatCom GmbH
• Nisshinbo Holdings Inc.
• Orbit Communications Systems Ltd.
• Singapore Technologies Engineering Ltd.
• Singapore Telecommunications Ltd.
• Telefonica SA
• Thales Group
• Viasat Inc.
• Vizocom

Related Reports:

Global POS terminals market: The point of sale (POS) terminal market is estimated to grow at a CAGR of 8.23% between 2022 and 2027. The size of the market is forecast to increase by USD 46.07 billion.

HVAC Terminal Units Market: According to Technavio’s analyst, the HVAC terminal units market size is expected to be valued at USD 1.41 billion by 2026 with a progressing CAGR of 5.05%.

TOC:

1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Historic Market Sizes
5. Five Forces Analysis
6. Market Segmentation by Solution
7. Market Segmentation by Platform
8. Market Segmentation by Geography
9. Customer Landscape
10. Geographic Landscape
11. Drivers, Challenges, & Trends
12. Company Landscape
13. Company Analysis
14. Appendix

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SOURCE Technavio