According to Stratistics MRC, the Global Maritime Satellite Communication Market is accounted for $2.19 billion in 2019 and is expected to reach $4.31 billion by 2027 growing at a CAGR of 8.8% during the forecast period. Increasing demand for broadband connections and VSAT connectivity, and high-throughput satellites to unlock cloud and IoT services are the major factors propelling the market growth. However, lack of awareness about advanced maritime satellite services is hampering the market growth.
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Based on the end user, the commercial vessel segment is going to have a lucrative growth during the forecast period due to the rising in trade activities using commercial vessels. Maritime trade continues to expand and bringing benefits for consumers across the globe through competitive logistics costs. With rising manufacturing and global trade, there has been a rise in the number of marine vessels added to the existing fleet. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to high demands, specifically in the oil and gas, merchant shipping, mining, and passenger shipping verticals. The APAC region is implementing maritime satellite communication solutions significantly.
Some of the key players profiled in the Maritime Satellite Communication Market include Globecomm Systems Inc, Harris Caprock Communications Inc, Hughe Network Systems LLC, Inmarsat Group Limited, Iridium Communications Inc, KVH Industries Inc, MTN Group Limited, Navarino Telecom SA, Network Innovation Inc, NSSL Global Limited , Singapore Telecommunications Limited , Speedcast International Limited, Thuraya Telecommunications Company, Viasat Inc and VT Idirect Inc.
Types Covered:
• Detectors
• Surveillance and Tracking
Components Covered:
• Hardware
• Solution
• Service
Applications Covered:
• Perioperative Care
• Intensive Care Units
• Neurological Care Units
• Coronary Care Units
• Acute/Critical Care
End Users Covered:
• Coastal Security Services
• Construction
• Government
• Fishing
• Manufacturing
• Leisure Vessel
• Merchant Shipping
• Naval Forces
• Offshore Oil Rigs and Support Vessels
• Passenger Ships
• Commercial Ship
• Naval Vessel
• Commercial Vessels
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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