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
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.
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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 |
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)
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