Global Maritime Satellite Communication Industry Report 2020-2025
DUBLIN, Aug. 18, 2020 /PRNewswire/ -- The "Maritime Satellite Communication Market by Component (Solutions and Services), Solution (VSAT and MSS), Service (Tracking and Monitoring, Voice, Video, Data), End User (Merchant Shipping, Offshore, Government), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global maritime satellite communication market is expected to reach USD 3,251 million by 2025, growing at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period.
The escalating need for enriched data communication to improve operation efficiency, on-board security, and surveillance, and employee/passenger welfare in the maritime industry is driving the market. Furthermore, The major factor driving the maritime satellite communication market is the need to attain improved connectivity between the land and sea operations and realizing benefits in faster repair times, preventative maintenance, fuel-saving, and real-time navigation.
Solutions segment to lead the maritime satellite communication market in 2020
As more and more commercial and government mariners are moving toward deploying satellite-based communication services, absolute communication technology is required. Solutions comprise two types of marine satellite communication VSAT and MSS. The players in the maritime satellite communication market are moving from MSS towards VSAT to offer clients with affordable communication services and increased bandwidth. Modernizing ship management systems to improve engine and systems maintenance, navigation, weather information, and cargo tracking is gaining momentum in maritime VSATapplications.
Merchant shipping segment among end-user to lead the maritime satellite communication market in 2020
Merchant shipping is mainly used for carrying passengers or cargo for commercial purposes. Owing to the necessity to operate ships efficiently, enhance overall business operation, and ensure crew loyalty and satisfaction, the crew owners are increasingly deploying maritime satellite communication systems. In recent years, satellite communication technology has become advanced, which enables ships to communicate through satellite links from anywhere globally without the help of a specialist radio officer. This technological advancement helps merchants gain higher profit through reliable communication services that maintain operational efficiency.
APAC to lead the maritime satellite communication market in 2020
The maritime satellite communication market in APAC is the largest in terms of market size and is highly fragmented based on multi-currencies and multi-languages. The region comprises a diverse range of countries, from economically and technologically advanced countries, such as the UK and Germany, to severely debt-ridden countries, such as Greece and Austria. Th UK, Poland, Spain, and Germany are the leading countries in the European maritime satellite communication market. The total contactless spending has grown in these countries with the increasing circulation of contactless cards and terminals by card companies, such as Visa and Mastercard.
Research Coverage
The report segments the global maritime satellite communication market by component(solutions and services), Very Small Aperture Terminal (VSAT), end-user, and region. The report includes an in-depth competitive analysis of key players in the maritime satellite communication market, along with their company profiles, recent developments, and key market strategies.
Major vendors in the global maritime satellite communication market include Inmarsat (UK), Iridium Communications (US), Thuraya (UAEHughes Network Systems (US), KVH Industries (US), Viasat (US), Speedcast (Australia), ST Engineering (Singapore), NSSLGlobal (England), Marlink (France), ORBOCOMM (US), Navarino (Greece), Network Innovations (Canada), GTMaritime (England), AST Group (UK), Isotropic Networks (Wisconsin), Norsat International (Ontario), Satcom Global (Canada), Intelsat (US), and Orbit Communication Systems (Israel).
Key Topics Covered
1 Introduction 1.1 Introduction to COVID-19 1.2 COVID-19 Health Assessment 1.3 COVID-19 Economic Assessment 1.4 Objectives of the Study 1.5 Market Definition 1.6 Market Scope 1.7 Currency Considered 1.8 Stakeholders
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Maritime Satellite Communication Market 4.2 Market, by Component and Region 4.3 Market, by Region 4.4 Market: Investment Scenario
5 Market Overview and Industry Trends 5.1 Market Dynamics 5.1.1 Drivers 5.1.1.1 New Satellite Systems and Data-Intensive Applications to Drive the Growth of the Market 5.1.1.2 Increased Technology Advancements and Less Expensive Technology Solutions 5.1.1.3 Growth in Bandwidth Requirements and Communication Needs 5.1.2 Restraints 5.1.2.1 Lack of Awareness About Advanced Maritime Satellite Services 5.1.2.2 Reliance on High-Cost Satellite Equipment 5.1.3 Opportunities 5.1.3.1 Increasing Demand for Broadband Connections and VSAT Connectivity 5.1.3.2 High-Throughput Satellites to Unlock Cloud and IoT Services 5.1.3.3 Unification of Satellites and Cellular Communication Technology 5.1.4 Challenges 5.1.4.1 Increasing Cybersecurity Attacks 5.1.4.2 Lack of Reliability and Flexibility of Satellite Communication 5.1.4.3 Coping Up With Rapidly Changing Technologies 5.2 Industry Use Cases 5.2.1 Use Case 1: Inmarsat Global Xpress Helped Eukor Car Carriers for Its Fleet of 27 Vessels 5.2.2 Use Case 2: Thuraya Helped Devor Technologies to Bring Reliable, High-Speed Internet Connection to Offshore Maritime Operator 5.2.3 Use Case 3: Viasat Helped M/Y Starfire in Delivering High-Speed Connectivity to Support Luxury Guest Experience 5.2.4 Use Case 4: NSSLGlobal Helped MOL LNG by Providing Reliable Services for Managing Fleet of 15 LNG Carriers 5.3 Impact of Disruptive Technologies 5.3.1 Internet of Things 5.3.2 5G
6 COVID-19 Impact on Maritime Satellite Communication Market
7 Maritime Satellite Communication Market, by Component 7.1 Introduction 7.2 Solutions
8 Maritime Satellite Communication Market, by Solution 8.1 Introduction 8.2 Very Small Aperture Terminal 8.3 Mobile Satellite Services
9 Maritime Satellite Communication Market, by Service 9.1 Introduction 9.2 Tracking and Monitoring 9.3 Voice 9.4 Video 9.5 Data
10 Maritime Satellite Communication Market, by End-user 10.1 Introduction 10.2 Merchant Shipping 10.3 Fishing 10.4 Passenger Ships 10.5 Leisure Vessel 10.6 Offshore 10.7 Government 10.8 Others
11 Maritime Satellite Communication Market, by Region 11.1 Introduction 11.2 North America 11.3 Europe 11.4 Asia-Pacific 11.5 Middle East and Africa 11.6 Latin America
12 Competitive Landscape 12.1 Introduction 12.2 Competitive Leadership Mapping 12.2.1 Visionary Leaders 12.2.2 Dynamic Differentiators 12.2.3 Innovators 12.2.4 Emerging Companies 12.3 Strength of Product Portfolio 12.4 Business Strategy Excellence 12.5 Ranking of Key Players
13 Company Profiles 13.1 Introduction 13.2 Inmarsat 13.3 Iridium Communications 13.4 Thuraya 13.5 Hughes Network Systems 13.6 KHV Industries 13.7 Viasat 13.8 Speedcast 13.9 ST Engineering 13.10 NSSLGlobal 13.11 Marlink 13.12 Orbcomm 13.13 Navarino 13.14 Network Innovations 13.15 GTMaritime 13.16 AST Group 13.17 Isotropic Networks 13.18 Norsat International 13.19 Satcom Global 13.20 Intelsat 13.21 Orbit Communication Systems 13.22 Right-To-Win
For more information about this report visit https://www.researchandmarkets.com/r/7o30de
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