The market research report outlines the growth prospects and market forecast of the global maritime VSAT services market and a segmentation analysis by technology (HTS, L-band, KU-band, and C-band), and by number of terminals (Ka-band, c-band, and Ku-band). It includes the market shares for APAC, Americas, and the EMEA are regions. The leading vendors analyzed in this report include Harris Caprock, Hughes, Inmarsat, KVH, RigNet, ViaSat, and VT iDirect.
Technavio’s market research analysts estimate the global maritime VSAT market to grow at a CAGR of around 8% between 2015 and 2019. Currently, the market is witnessing a significant demand for maritime VSAT worldwide from government organizations, oil and gas companies, and commercial vessel providers. EMEA is the largest revenue contributor to the global maritime VSAT market, occupying around 62% of the total market share. Commercial fleet, fishing boats, and inland waterways are some major users which drive the market growth in this region.
The new market research report from Technavio provides a breakdown and analysis of the maritime VSAT segments by technology.
“One of the latest trends upcoming in this market is the deployment of mobile pico cells onboard vessels. The popularity 2G or 3G picocells within the cruise and passenger segments has gained grounds. This has pushed several vendors like the Maritime Communication Partner (Norway) and On-Waves (Iceland) to deliver such solutions. Moreover, most VSAT antenna manufacturers are manufacturing Ka-band antennas as it offers a wider spectrum and serves many users simultaneously,” says Navin Rajendra, Lead Analyst, ICT, Technavio Research.
The maritime VSAT services segment covers around 79% of the entire market, owing to the increasing demand for bandwidth in the maritime sector. Most vessels use broadband services for crew welfare, vessel tracking, fleet tracking, vessel security, and vessel maintenance. Also, the declining costs of maritime VSAT services has encouraged onboard VoIP calls and infotainment services.
Global maritime VSAT market segmentation
Source: Technavio Research
The leading vendors in the global maritime VSAT market include Harris CapRock, Hughes Satellite Systems, Inmarsat, KVH Industries, ViaSat, VT iDirect, and Rignet. During the forecast period, market vendors are expected to focus more on the application of satellites for collecting data regarding water quality. It is an important emerging trend in the market that is augmenting the use of environmental and weather buoys equipped with satellite M2M terminals to collect real-time water quality and meteorological parameter data.
A more detailed analysis is available in the Technavio report, Global Maritime VSAT Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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