The global enterprise VSAT systems market reached a value of US$ 4.9 billion in 2023. Over the next decade, from 2023 to 2033, it is anticipated to grow steadily at a rate of 4.5%. By 2033, this market is expected to reach a value of US$ 7.4 billion.
Increased adoption of VSAT systems in the maritime industry is a key factor that is anticipated to accelerate market growth during the forecast period. Other factors such as demand for a broadband data connection from business and government sectors are expected to augment the market size of the enterprise VSAT systems in the future.
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Enterprise VSAT Systems are commonly installed on ships to provide fast broadband connectivity for both personal contact and business operations, which is a factor that is driving the market growth. VSAT is used in video conferencing and ERP in industry-related activities and it is used in streaming, video messaging, and email in personal communications, which is another factor the drives the market growth during the analysis period.
Moreover, Enterprise VSAT is also used in surveillance applications to support security forces in maritime operations that require compact, lightweight, and small equipment, as well as to protect coastal areas which drive the Enterprise VSAT System Market.
Businesses are rapidly implementing enterprise VSAT technology innovations due to increased competitiveness, which can help them improve their product and service delivery and hence drive the growth of the market. Furthermore, the growing number of space exploration missions, increasing interest in satellite-assisted warfare, increased deployment of small satellites, and cost-effective satellite launch operations are all expected to drive the Enterprise VSAT System Market size in the future.
Key Takeaways from the Enterprise VSAT Systems Market Report:
- Global Enterprise VSAT Systems Market was valued at US$ 4.7 Bn by 2022-end
- The US to account for the highest value share of US$ 1.9 Bn of global market demand for Enterprise VSAT Systems Market in 2032
- From 2015 to 2021, the Enterprise VSAT System demand expanded at a CAGR of 4.7%
- By Component, Hardware constitutes the bulk of Enterprise VSAT Systems with a CAGR of 3.8%.
Leading Key Players:
- GILAT SATELLITE NETWORKS
- Comtech Telecommunications Corp.
- Cambium Networks, Ltd.
- Telefónica, S.A.
- Embratel
- Ultra Electronics
- Hughes Network Systems, LLC
- Airtel India
- Nelco
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Recent Developments:
- In March 2022, Hughes Network Systems, LLC (HUGHES) demonstrated two new technologies at the SATELLITE 2022 trade show in Washington, D.C. Hughes showcased new technology that seamlessly integrates Geostationary (GEO) satellite and LTE transports into a single, reliable, low-latency broadband internet connection for consumers. Hughes then revealed its new technology for electronically steerable, flat-panel antennas, including a prototype for delivering OneWeb Low Earth Orbit (LEO) connectivity services.
- In February 2022, Gilat Satellite Networks Ltd., a worldwide leader in satellite networking technology, solutions, and services, expanded its strategic partnership with SES. SES had selected Gilat’s SkyEdge IV platform to operate with its SES-17 satellite, a very high throughput satellite (VHTS) to provide fixed services and mobility services.
- In January 2022, KVH Industries announced that ScanReach, an innovator in onboard wireless connectivity solutions designed specifically for the steel vessel environment. It had joined the KVH Watch Solution Partner program to offer KVH Watch Cloud Connect services. ScanReach’s breakthrough onboard wireless connectivity technology enables data to travel anywhere on the vessel without cabling. Combined with KVH Watch Cloud Connect, the data may travel to the cloud for useful data analysis to improve vessel performance.
Enterprise VSAT Systems Market Segmentation:
By Component:
- Enterprise VSAT Hardware Systems
- Antennas
- Modems
- Others
- Enterprise VSAT Services
By Type:
- Dedicated Bandwidth VSAT Systems
- Shared Bandwidth VSAT Systems
By Enterprise Size:
- SMEs
- Large Enterprises
By End-use Industry:
- Industrial Enterprise VSAT Systems
- Enterprise-based Enterprise VSAT Systems
By Region:
- North America
- South America
- Europe
- Asia Pacific
- The Middle East and Africa(MEA)
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