South Korea Very Small Aperture Terminal (vsat) Market Size & Outlook
The very small aperture terminal (vsat) market in South Korea is expected to reach a projected revenue of US$ 157.6 million by 2030. A compound annual growth rate of 12.5% is expected of South Korea very small aperture terminal (vsat) market from 2024 to 2030.
Revenue, 2023 (US$M)
$69.0
Forecast, 2030 (US$M)
$157.6
CAGR, 2024 - 2030
12.5%
Report Coverage
South Korea
South Korea very small aperture terminal (vsat) market, 2018-2030 (US$M)
Related Markets
South Korea very small aperture terminal (vsat) market highlights
- The South Korea very small aperture terminal (vsat) market generated a revenue of USD 69.0 million in 2023 and is expected to reach USD 157.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.5% from 2024 to 2030.
- In terms of segment, equipment was the largest revenue generating solution in 2023.
- Connectivity Services is the most lucrative solution segment registering the fastest growth during the forecast period.
Very small aperture terminal (vsat) market data book summary
| Market revenue in 2023 | USD 69.0 million |
| Market revenue in 2030 | USD 157.6 million |
| Growth rate | 12.5% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Connectivity Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Support Services, Connectivity Services |
| Key market players worldwide | Orbit Communication Systems, L3Harris Technologies Inc, Gilat Satellite Networks Ltd, Cobham SATCOM, Troppus Software, an EchoStar Corporation, Singtel, Thuraya Telecommunications, Viasat Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.4% of the global very small aperture terminal (vsat) market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China very small aperture terminal (vsat) market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 683.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 |
|---|
South Korea very small aperture terminal (vsat) market size, by solution, 2018-2030 (US$M)
South Korea Very Small Aperture Terminal (VSAT) Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
