According to a report from NSR, overall VSAT and broadband subscribers, excluding backhaul and trunking, will reach nearly 9.5 million by 2023. The growth is expected to be seen across fixed satellite services in traditional C/Ku/Ka wide-beam and Ku/Ka High Throughput Satellite (HTS) capacity.

Revenues from service provisioning and sales of CPE are expected to reach $8.8 billion, with more than half expected to be from North American providers. Latin America and Europe are expected to have the fastest growth, while other regions like Asia are expected to be slower to grow due to a lack of HTS supply and lower disposable income.