The africa VSAT market expected to reach US$ 1014.02 million by 2030 | Report covers growth forecast to 2030
Increasing Demand for VSAT Systems in Remote Areas Boosts Africa VSAT Market Growth
According to our latest study on “Africa Very Small Aperture Terminal (VSAT) Market Forecast to 2030 – Regional Analysis – by Solution, Platform, and Application,” the market was valued at US$ 525.02 million in 2022 and is expected to reach US$ 1,014.02 million by 2030; it is estimated to record a CAGR of 8.6% from 2022 to 2030.
VSAT systems provide a reliable and cost-effective solution that enables access to essential services, information, and communication networks. In remote areas, there is an increasing need for connectivity to provide education, healthcare, and government services, as well as to run businesses. In June 2020, Gilat Telecom, a company with over 20 years of experience and a strong presence in East Africa, announced that its services are now available in every country across the region, thereby augmenting the expansion of the Africa VSAT market share. This expansion comes in response to the increasing demand for broadband connectivity in the region.
Africa VSAT Market Size
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The surge in the adoption of solutions in the market is primarily driven by sectors such as oil & gas and marine. Businesses serving mobile network operators (MNOs) with cellular backhaul (CBH) use VSAT services to enhance connectivity. Financial institutions connect multiple branches to their headquarters using VSAT. In addition, operators in the hospitality and military sectors and internet service providers (ISPs) benefit from solutions in the market.
The scope of the Africa VSAT market report emphasizes the key countries in Africa such as Nigeria, South Africa, and Kenya, which have been adopting satellite communication technology significantly. The rise in maritime activities and the increasing need for satellite communication in remote areas are expected to bring new VSAT market trends in the future.
In terms of revenue, Nigeria dominated the Africa VSAT market share. Nigeria's oil & gas sector utilizes VSAT technology for various purposes as it offers high-speed and reliable internet connectivity for offshore rigs and platforms. These services are crucial for supporting the industry's communication, data transfer, and operational activities. VSAT technology enables oil & gas companies to establish connectivity in remote locations where traditional terrestrial networks are not available or feasible. It facilitates efficient communication between offshore facilities and onshore operations, enabling real-time monitoring, data transmission, and collaboration. Thus, all the factors mentioned above contribute to the Africa VSAT market growth.
The Africa VSAT market analysis has been carried out by considering the following segments: solution, platform, and application. Based on solution, the Africa VSAT market size is evaluated by considering the following subsegments: equipment and services. By platform, the market is segmented into land VSAT, maritime VSAT, and airborne VSAT. In terms of application, the market is segmented into broadband/data networks, voice communications, private network services, broadcast, and others.
Africa VSAT Market Players: Competitive Landscape
Apart from factors driving the market, the Africa VSAT market report highlights prominent players' developments. GlobalTT SaRL, NTvsat, Talia Communications Ltd, Afrikanet Oxford Consultech UK Ltd, Norsat International Inc, Sandstream Telecoms, VSATmena FZCO, Echostar Corp, and Link Communications Systems Ltd are among the key market players operating in the region. Mergers & acquisitions, partnerships, and R&D activities are key strategies adopted by these players to mark their position in the market.
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