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.
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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.
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
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.
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.
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.
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