Global Micro VSAT Market Size study, by Sourcing Frequency, by Application, by Antenna Technology, by Industry Vertical and Regional Forecasts 2024-2032

Description

Global Micro VSAT Market is valued at approximately USD 29.26 Million in 2023 and is anticipated to grow with a healthy growth rate of more than 14.4% over the forecast period 2024-2032. A Micro VSAT is a Very Small Aperture Terminal with an antenna size of less than 60 cm. The sector involves deploying and using compact, high-performance satellite communication systems with small dish antennas, typically ranging from 0.75 to 2.4 meters in diameter. These systems enable two-way satellite communication for a wide range of applications, including data transmission, internet access, and voice communication, particularly in remote, rural, or mobile environments where traditional communication infrastructure is limited or unavailable.

The rising need for VSAT systems to enable telemedicine in remote locations is a significant factor driving market growth. Telemedicine systems, comprising an interface between hardware, software, and communication channels, are essential for connecting remote geographical locations for information exchange and teleconsultancy. These systems are particularly beneficial in rural areas, providing better healthcare by linking rural providers and their patients to services in remote locations, thus promoting patient-centred healthcare. The quality of telemedicine, especially video conferencing, heavily relies on connectivity and bandwidth, where VSAT plays a crucial role. VSAT systems are small, software-driven stations with antennas typically ranging from 0.9 to 1.8 meters in length, used for data, video, or voice transmission via communication satellites. Moreover, the technological advancements in VSAT systems, as well as the expansion of 5G networks and IoT applications present various lucrative opportunities over the forecast years. However, the high initial costs and complexity of installations, as well as regulatory and licensing issues are challenging the market growth throughout the forecast period of 2024-2032.

The key regions considered for the Global Micro VSAT Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Global Micro VSAT Market in terms of revenue. The market growth in the region is being attributed to factors including its advanced telecommunications infrastructure, significant investments in satellite technology, and the presence of major industry players. The region's strong demand for reliable and high-speed satellite communication, particularly in remote and mobile applications, supports its leading position in the market. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by the rapid expansion of telecommunications networks, increasing demand for connectivity in remote and underserved areas, and the rising adoption of satellite communication technologies across countries such as India, China, and Australia.

Major market players included in this report are:

ViaSat, Inc
THALES GROUP
ThinKom Solutions, Inc.
Ovzon AB
L3Harris Technologies, Inc.
Paradigm
Intellian Technologies, Inc.
China Starwin Science & Technology Co. Ltd (China Starwin)
Jonsa Technologies Co. Ltd.
Cobham Satcom
General Dynamics Corporation
KVH Industries, Inc.
Hughes Network Systems, LLC
Iridium Communications Inc.
Thaicom Public Company Limited

The detailed segments and sub-segment of the market are explained below:

By Sourcing Frequency:

Ku-Band
Ka-Band
X-Band
Others

By Application:

Airborne
Maritime
Land

By Antenna Technology:

Parabolic
Flat Panel

By Industry Vertical:

Aviation
Energy & Power
Government
Military & Defense
Maritime
Oil & Gas
Construction & Infrastructure
Media & Entertainment
Mining
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Micro VSAT Market Executive Summary

1.1. Global Micro VSAT Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Sourcing Frequency
- 1.3.2. By Application
- 1.3.3. By Antenna Technology
- 1.3.4. By Industry Vertical
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Micro VSAT Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Micro VSAT Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Need for Telemedicine in Remote Locations
- 3.1.2. Increasing Adoption of Satellite Communication
- 3.1.3. Growing Demand for Maritime and Wireless Communication
3.2. Market Challenges
- 3.2.1. High Initial Costs and Complexity of Installations
- 3.2.2. Regulatory and Licensing Issues
3.3. Market Opportunities
- 3.3.1. Technological Advancements in VSAT Systems
- 3.3.2. Expansion of 5G Networks and IoT Applications

Chapter 4. Global Micro VSAT Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Micro VSAT Market Size & Forecasts by Sourcing Frequency 2022-2032

5.1. Segment Dashboard
5.2. Global Micro VSAT Market: Sourcing Frequency Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Ku-Band
- 5.2.2. Ka-Band
- 5.2.3. X-Band
- 5.2.4. Others

Chapter 6. Global Micro VSAT Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Micro VSAT Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Airborne
- 6.2.2. Maritime
- 6.2.3. Land

Chapter 7. Global Micro VSAT Market Size & Forecasts by Antenna Technology 2022-2032

7.1. Segment Dashboard
7.2. Global Micro VSAT Market: Antenna Technology Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Parabolic
- 7.2.2. Flat Panel

Chapter 8. Global Micro VSAT Market Size & Forecasts by Industry Vertical 2022-2032

8.1. Segment Dashboard
8.2. Global Micro VSAT Market: Industry Vertical Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 8.2.1. Aviation
- 8.2.2. Energy & Power
- 8.2.3. Government
- 8.2.4. Military & Defense
- 8.2.5. Maritime
- 8.2.6. Oil & Gas
- 8.2.7. Construction & Infrastructure
- 8.2.8. Media & Entertainment
- 8.2.9. Mining
- 8.2.10. Others

Chapter 9. Global Micro VSAT Market Size & Forecasts by Region 2022-2032

9.1. North America Micro VSAT Market
- 9.1.1. U.S. Micro VSAT Market
  - 9.1.1.1. Sourcing Frequency breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Application breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Antenna Technology breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Industry Vertical breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Micro VSAT Market
9.2. Europe Micro VSAT Market
- 9.2.1. U.K. Micro VSAT Market
- 9.2.2. Germany Micro VSAT Market
- 9.2.3. France Micro VSAT Market
- 9.2.4. Spain Micro VSAT Market
- 9.2.5. Italy Micro VSAT Market
- 9.2.6. Rest of Europe Micro VSAT Market
9.3. Asia-Pacific Micro VSAT Market
- 9.3.1. China Micro VSAT Market
- 9.3.2. India Micro VSAT Market
- 9.3.3. Japan Micro VSAT Market
- 9.3.4. Australia Micro VSAT Market
- 9.3.5. South Korea Micro VSAT Market
- 9.3.6. Rest of Asia Pacific Micro VSAT Market
9.4. Latin America Micro VSAT Market
- 9.4.1. Brazil Micro VSAT Market
- 9.4.2. Mexico Micro VSAT Market
- 9.4.3. Rest of Latin America Micro VSAT Market
9.5. Middle East & Africa Micro VSAT Market
- 9.5.1. Saudi Arabia Micro VSAT Market
- 9.5.2. South Africa Micro VSAT Market
- 9.5.3. Rest of Middle East & Africa Micro VSAT Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. ViaSat, Inc
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. THALES GROUP
- 10.3.3. ThinKom Solutions, Inc.
- 10.3.4. Ovzon AB
- 10.3.5. L3Harris Technologies, Inc.
- 10.3.6. Paradigm
- 10.3.7. Intellian Technologies, Inc.
- 10.3.8. China Starwin Science & Technology Co. Ltd (China Starwin)
- 10.3.9. Jonsa Technologies Co. Ltd.
- 10.3.10. Cobham Satcom
- 10.3.11. General Dynamics Corporation
- 10.3.12. KVH Industries, Inc.
- 10.3.13. Hughes Network Systems, LLC
- 10.3.14. Iridium Communications Inc.
- 10.3.15. Thaicom Public Company Limited

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes