According to new
market research report on "Maritime
Satellite Communication Market by
Type (VSAT, MSS), Service (Voice, Video, Data, Tracking & Monitoring), End
User (Merchant Shipping, Fishing,
Passenger Ship, Leisure Vessels, Offshore, Government, Others) and by
Region - Global Forecast to 2020", The Global Maritime Satellite Communication Market
is expected to grow to USD 3.10 Billion by 2020, at a CAGR of 9.0% over the
forecast period.
Browse and in-depth TOC on “Maritime Satellite Communication Market”
85 - Tables
43 - Figures
153 - Pages
Escalating need of
enriched data communication and expansive application of satellite
communication in maritime industry is driving the global maritime satellite
communication market. Furthermore, introduction of less expensive technology to
attract end users which did not had the potential to use satellite
communication earlier.
Increasing need for
enriched data communication drives the market growth of maritime satellite
communication market
With the increase
in sophistication and need of reliable data communications across remote marine
regions, the scope of maritime satellite communication systems has increased.
The growing communication needs of ships, vessels, rigs, and navel sector to
maintain operational efficiency, on-board security, and employee/passenger
welfare has resulted in increasing demand for bandwidth and data communication
terminals. Furthermore, maritime satellite communication has increasing
applications in maritime assistance, medical assistance, emergency calling,
employee welfare, passenger assistance and enhanced maritime security, vehicle
telemetry, marine vessel tracking, fleet management, and remote field service.
VSAT technology to
play a key role in the maritime satellite communication market
The very small
aperture terminal (VSAT) technology is estimated to dominate the maritime
satellite communication market during the forecast period. At present, VSAT
holds more than 61% share of the overall market. The rapid shift from mobile
satellite communication (MSS) to VSAT is attributed to bandwidth and cost
advantages that VSAT offers to marine users. At present, the penetration of
VSAT across Ka-Band is maximum and this trend is expected to continue till
2020. On the other hand, the Ku-Band segment is expected to register the
highest CAGR during the forecast period owing to increasing deployment of
maritime satellite communication services across Ku-Band. With a share of over
29% in 2015, data communication services are expected to register the highest
market share during the forecast period and video communication service segment
will register the highest growth due to increasing use of video conferencing
and entertainment-based applications.
Europe has emerged
as the leading region in terms of adoption and implementation of maritime
satellite communication services
Due to availability
of cost-effective solutions, rapid adoption and deployment of maritime
satellite communication is reported in North America and Asia-Pacific region.
On the other hand, Latin America and Middle East & Africa regions are
showing comparatively slow adoption. At present, North America has the
second-largest share in the overall market, and is expected to dominate the
global maritime satellite communication market by the end of 2020. Currently,
merchant shipping end-user segment holds the highest market share due to its
potential to rapidly adopt technological developments in communication
technology.
The major players
in the maritime satellite communication market covered in the report include
Inmarsat communications, Inc., Iridium communications, Inc., Thuraya
Telecommunications Company, Hughes Network System LLC., KVH Industries, Inc.,
VIASAT, Harris Caprock, Royal Imetech N.V., Globecomm Systems Inc., and VT
iDirect, Inc. Some of the other players in the market are Speedcast, Navarino,
NSSL Global, MTN, and Network Innovation.
The report provides
market trends, overall adoption scenarios, and competitive landscape as well as
key drivers, restraints, and opportunities in this market. It aims to estimate
the current size and future growth potential of this market across different
types, service, end user, and regions. The scope of the report also covers
analysis of strategies such as new product launches, mergers &
acquisitions, partnerships, agreements, and collaborations among key vendors in
the maritime satellite communication market.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
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