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.
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.
Key Topics Covered
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