The Global Maritime Satellite Communication Market is expected to grow from USD 3.53 Billion in 2019, at a CAGR of 9.1% during the forecast period. It is anticipated that the increasing need for enriched data communication and extensive use of satellite communication in the maritime industry along with less expensive technology to attract end users who did not have the ability to use satellite communication initially will drive the market during the forecast period. 

With the introduction of high-throughput satellites using Ku-band, directed at the aeronautical and marine sectors, innovations in the satellite sector have been overwhelming. In addition, the continuing deployment of high-throughput satellite (HTS) technologies from renowned players, such as Inmarsat, has been influential in pushing the availability of satellite capacity over the next three years, which is expected to be about 15 percent higher over coastlines. It is anticipated that this incremental supply will augment the market growth analyzed. Market-friendly technological advances include — the implementation of high-speed cable modems, gyro-stabilized floor terminals, multi-frequency antenna transmitters, and the development of all-plastic models that are more resilient to the hostile fishing environment. Significant investment and research have also been revealed to allow enhanced vessel-wide infrastructure, contributing to technological upgrades and promoting maritime satellite communication market growth.

During the forecast period, the very tiny opening terminal (VSAT) technology segment is projected to dominate the industry for maritime satellite communication. VSAT currently maintains over 61 percent of the overall market share. The fast transition from mobile satellite communication (MSS) to VSAT is ascribed to VSAT maritime users ' bandwidth and price benefits. VSAT's reach across the Ka-Band is currently peaking and this pattern is anticipated to persist until 2028. On the other hand, due to the growing activities of maritime cable relay facilities across Ku-Band, the Ku-Band section is anticipated to record the largest growth during the forecast period. With a share of over 29 percent in 2015, information processing facilities are anticipated to achieve the largest commercial percentage over the forecast period, and the communication service sector will experience the greatest development owing to increased use of video conferencing and entertainment-based applications.

The European region is the biggest contributor to the maritime satellite communication market both in terms of revenue as well as production & consumption. Because of the accessibility of cost-effective alternatives, North America and the Asia-Pacific region report timely acceptance and implementation of maritime satellite communication. The Middle East, on the other side, shows fairly slow acceptance. North America presently has the second largest market share and is projected to dominate the maritime satellite communications market worldwide by the end of 2028.

Key Factors Impacting Market Growth:

• The increasing need for data communication in the marine industry.
• Fast adoption of technology in the Asia Pacific especially in China & India
• Less expensive than the previous technologies 

 Key Developments:

• In April 2019 ORBCOMM, a global provider of Machine-to-Machine (M2M) and Internet of Things (IoT) solutions, announced that the Australian Maritime Safety Authority (AMSA) has extended its contract for another year through ORBCOMM’s partner Kordia. ORBCOMM and Kordia, a leading provider of mission-critical technology solutions in Australia and New Zealand, will provide satellite Automatic Identification System (AIS) data used for ship tracking and other maritime navigational and safety efforts to AMSA for designated regions and specific maritime projects.
• On 25th March 2019, the British satellite communications company Inmarsat agreed to a takeover by a group led by the private equity firms Apax and Warburg Pincus, becoming the latest UK technology business to be sold to investment companies.

What Does This Report Provide?

This report provides a detailed understanding of the global maritime satellite communication market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Type:

• Mobile Satellite Communication (MSS)
• Very Small Aperture Terminal (VSAT)

By Application:

• Voice Tracking
• Video, Data, Tracking & Monitoring
• Others

By End-Use Industry:

• Commercial Ship
• Merchant Shipping
• Offshore Rigs
• Support Vessels
• Naval Forces

By Region:

• North America
  • By Country (US, Canada, Mexico)
  • By Type
  • By Application
  • By End User Industry
• Western Europe
  • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
  • By Type
  • By Application
  • By End User Industry
• Eastern Europe
  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Type
  • By Application
  • By End User Industry
• Asia Pacific
  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Type
  • By Application
  • By End User Industry
• Middle East
  • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
  • By Type
  • By Application
  • By End User Industry
• Rest of the World
  • By Region (South America, Africa)
  • By Type
  • By Application
  • By End User Industry

Companies Covered: Inmarsat communications, Inc., Iridium Communications, Inc., Thuraya Telecommunications Company, Hughes Network System LLC., KVH Industries, Inc., VIASAT, Harris Caprock, Royal Imtech N.V., Globecomm Systems Inc., and VT iDirect, Inc., Speedcast, Navarino, NSSL Global, MTN, and Network Innovation.

Years Considered In The Study

 

Historic Year	2016, 2017
Base Year	2018
Forecast Period	2019-2028
CAGR % (2019-2028)	9.1

 Reasons To Buy This Report:

• Market size estimation of the global maritime satellite communication market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

For more information, contact: [email protected]