London, 09 October 2014 – TechNavio, a global tech-focused research firm has revealed the publication of its market research report on the Global Maritime VSAT Market 2014-2018.
About Maritime Very Small Aperture Terminal (VSAT)
Maritime VSATs enable satellite broadband communication using the VSAT network for sea vessels, oil and gas ships, leisure liners, commercial vessels and fishing boats. The Global Maritime VSAT Market is expected to grow at a CAGR of 8.01 percent from 2014-2018.
About the Report
The latest report by TechNavio focuses on the expansion of networks and satellite coverage, which has precipitated the IP revolution. The integration of voice, video and data in all IP networks has simultaneously simplified the user requirements and introduction of new products and services has brought a major change in the IP revolution. Furthermore, the report also highlights the increasing demand for upscale luxury cruises.
“The tourism industry has acted as a catalyst for the increasing demand for maritime VSAT. With the growing economy, the IP revolution and changing communication technology, people want to always be connected, regardless of where they are. This has led to the increased demand for broadband communication from ships like luxury cruises, which has in turn, fuelled growth in the maritime VSAT market,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increase in Demand for Lower Operational Cost
- For a full detailed list, view our report.
Market Challenges:
- On-Board Technical Issues
- For a full detailed list, view our report.
Market Trends:
- Adoption of IP-based Applications
- For a full detailed list, view our report.
Key Vendors:
- Hughes Satellite Systems Corp.
- Inmarsat plc
- KVH Industries Inc.
- RigNet Inc.
Other Prominent Vendors:
- STM Networks Inc.
- Vizada (EADS Group)
- MTN Satellite Communications Inc.
https://www.technavio.com/%3Cp%3E%C2%A0%3C/p%3E%3Cp%3E%3Ca%20href%3D%22ht…
