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Global Maritime Satellite Communication Market - Estimated to Grow from $2.01 Billion in 2015 to $3.10 Billion by 2020 - Research and Markets

[January 20, 2016]

Global Maritime Satellite Communication Market - Estimated to Grow from $2.01 Billion in 2015 to $3.10 Billion by 2020 - Research and Markets

Research and Markets (http://www.researchandmarkets.com/research/lzm9d6/maritime) has announced the addition of the "Maritime Satellite Communication Market by Type, Service, End User and by Region - Global Forecast to 2020" report to their offering.

The global maritime satellite communication market is expected to grow from USD 2.01 Billion in 2015 to USD 3.10 Billion by 2020, at a CAGR of 9.0% during the forecast period.

Various factors, such as escalating need for enriched data communication to ensure operational efficiency, security & surveillance, and employee/passenger welfare are expected to drive the global market. Furthermore, the leading players in the market are introducing less expensive technology to attract end-users which did not had the potential to use satellite communication earlier.

The report aims at estimating the market size and future growth potential of market across different segments such as types, services, end users, and regions. /p>

The market is reflecting a rapid shift from MSS to VSAT operating specifically in C-Band, Ka-Band, and Ku-Band. This technology shift is attributed to bandwidth and cost advantages that VSAT offers to marine users.

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