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2022
Vsat Maritime Satellite Communication Market

VSAT Maritime Satellite Communication Market by Component (Solution and Service), Band Type (Ku-Band, Ka-Band, and C-Band), Services (Voice, Tracking and Monitoring Services, Video, and Data), and End User (Merchant Shipping, Passenger Ships, Leisure Vessel, Offshore, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A15628
Pages: 347
Feb 2022 | 677 Views
   
Author(s) : Pradeep Ravi, Kanhaiya Kathoke , Vineet Kumar
Tables: 135
Charts: 63
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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VSAT Maritime Satellite Communication Market Statistics: 2030

The global VSAT maritime satellite communication market size was valued at $1,347.72 million in 2020, and is projected to reach $2,962.65 million by 2030, registering a CAGR of 8.5% from 2021 to 2030.

Owing to its high reliance on travel and human connection, the current pandemic scenario had a negative impact on international trade and shipping. In addition, new ship deliveries and consequent VSAT installations were been stalled, owing to existing international trade restrictions and economic crisis caused by the pandemic.

A VSAT maritime satellite communication is wireless internet beamed down from satellites orbiting the Earth. In addition, it is much faster from some common service providers and is different from land-based internet services such as cable or DSL, which transmit data through wires. In addition, satellite internet works by using radio waves to communicate with satellites orbiting the Earth. Furthermore, it is the only internet service that is available nationwide and is often the only way to get online for remote islands and ships sailing on seas.

VSAT-Maritime-Satellite-Communications-Market,-2021-2030

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Increase in import and export operations through the marine industry and increased technological advancements in the VSAT maritime satellite communications market drive growth of the market. In addition, increasing VSAT satellite applications in civil and military maritime sectors fuels growth of the market. However, lack of reliability in satellite services and lack of awareness among consumers to use VSAT maritime satellites is expected to impede the market growth. Furthermore, increasing demand for VSAT connectivity among shipowners is expected to provide lucrative opportunities for the VSAT maritime satellite communication market growth.

By services, the video segment dominated the VSAT maritime satellite communication market in 2020, and is expected to continue its dominance in the coming years as it allows customers and crew members to stream high quality videos on their smartphones for entertainment purposes. However, the tracking and monitoring services segment is expected to witness significant growth rate during the forecast period as it allows for rapid information transmission between head office, dispatch consoles, and ships.

Region wise, the VSAT maritime satellite communication market was dominated by Asia-Pacific in 2020, and is expected to witness growth at the highest rate, owing to higher government investment on maritime products and services, expanded security risks, and increased sea transportation and other tracking. 

The report focuses on growth prospects, restraints, and trends of the VSAT maritime satellite communication market analysis. The study provides Porter’s five forces analysis to understand impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, on the VSAT maritime satellite communication market share.

Segment review

The global VSAT maritime satellite communication market is segmented based on component, band type, services, end user, and region. By component, it is divided into solution and service. By band type, it is fragmented into, ku-band, ka-band, and c-band. In terms of services, it is segregated into voice, tracking and monitoring services, video, and data. In terms of end user, the market is classified into merchant shipping, passenger ships, leisure vessel, offshore, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

VSAT Maritime Satellite Communication Market
By Component

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Solution segment accounted for the highest market share in 2020.

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The key players profiled in the VSAT maritime satellite communication market analysis include Marlink, Inmarsat Global Limited, Iridium Communication Inc., Thuraya Telecommunications Company, Hughes Network System, LLC, KVH Industries, Inc., Speedcast, NSSLGLOBAL, ORBCOMM, and GTMARITIME. These players have adopted various strategies to increase their market penetration and strengthen their position in the VSAT maritime satellite communication industry.

COVID-19 impact analysis

The pandemic halted many imports, exports and international operations owing to lockdowns implemented by government authorities which disrupted the global supply chain. Many nations' restrictive policies made it difficult to install new satellite communication terminals, and lower activity also caused some end-users like cargo suppliers and others to put their connectivity subscriptions on hold, resulting in an increase in the number of inactive terminals. Additionally, due of its high reliance on travel and human connection, the current pandemic scenario had a negative impact on international trade and shipping. In addition, crews used terrestrial cellular networks to communicate instead of vessel systems when the ships were anchored in port. Aside from the COVID crisis, the offshore oil & gas industry had its own set of problems as a result of a price war for oil and production constraints. This resulted in decrease of movements of the ships for the trade during the pandemic.  

VSAT Maritime Satellite Communication Market
By End User

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Merchant Shipping segment accounted for the highest market share in 2020.

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Top impacting factors

Increase in imports and exports operations through marine industry 

Increase in imports and exports in various countries, owing to growing trade environment benefits growth of the market. Increase in exports through marine operations, owing to cheaper costs is leading to sales of more subscriptions for VSAT satellite communication services. In addition, increased imports and exports across several countries has made satellites busy in controlling traffic of communication signals. Moreover, maritime VSAT has a wide range of uses, with VSAT communication being critical for onboard crew safety and operations. In addition, VSAT can easily perform a variety of services, including point of sales, internet access, file distribution, database access, and environmental monitoring, which explains its high utilization rate and fast-growing market. Hence, it helps the crew to stay connected during the journey. Thus, increasing import and export operations through the marine industry propels growth of the market. 

Increase in technological advancements

When crews are locked on board and have limited mobility options, having quick, dependable, and secure communication between ships and land is always necessary and critical. In terms of analytics and educated insight into performance patterns, the internet of things (IoT) and cloud technologies provide real-time data telemetry and much more. All of this necessitates the most up-to-date marine communication equipment as well as satellite connectivity. In addition, investments in 5G mobile phone networks is quickly increasing, with major operators, such as Vodafone, building out expanded coverage in cities and ports to provide lightning-fast connection that can be extended throughout coastal areas and beyond for maritime applications. Moreover, companies such as SpaceX intends to begin commercial VSAT services from low earth orbit (LEO) satellites providing connectivity in V, Ku, and Ka bands for ship VSAT with better access and speed than existing VSAT from geostationary satellites or LEO L-band. Thus, increased technological advancements in VSAT maritime satellite communication industry propels growth of the market.

VSAT Maritime Satellite Communication Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of 11.1% during 2021-2030

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Key Benefits For Stakeholders     

  • The study provides in-depth analysis of the global VSAT maritime satellite communication market share along with current & future trends to illustrate the imminent investment pockets.
  • Information about key drivers, restrains, & opportunities and their impact analysis on the global VSAT maritime satellite communication market size provided in the report.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the VSAT maritime satellite communication market.
  • An extensive analysis of the key segments of the industry helps to understand the global VSAT maritime satellite communication market trends.
  • The quantitative analysis of the global VSAT maritime satellite communication market forecast from 2021 to 2030 is provided to determine the market potential.

Key Market Segments

  • By Component
    • Solution
    • Service
  • By Band Type
    • Ku-Band
    • Ka-Band
    • C-Band
  • By Services
    • Voice
    • Tracking and Monitoring Services
    • Video
    • Data
  • By End-User
    • Merchant Shipping
    • Passenger Ships
    • Leisure Vessel
    • Offshore
    • Others
  • By Region
    • North America
      • U.S.
      • Canada
    • Europe
      • GERMANY
      • UK
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
      • Indonesia
      • Rest of Asia-Pacific
    • LAMEA
      • Latin America
      • Middle East
      • Africa


Key Market Players

  • Marlink
  • Inmarsat Global Limited
  • Iridium Communications Inc.
  • Thuraya Telecommunications Company
  • Hughes Network Systems, LLC
  • KVH Industries, Inc.
  • Speedcast
  • NSSLGLOBAL
  • ORBCOMM
  • GTMARITIME
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping global VSAT maritime satellite communication market
3.3.Market dynamics

3.3.1.Drivers

3.3.1.1.Increasing imports and exports operations through marine industry
3.3.1.2.Increased technology advancements in VSAT maritime satellite communications market
3.3.1.3.Increasing VSAT satellite applications in civil and military maritime sectors

3.3.2.Restraints

3.3.2.1.Lack of reliability in satellite services
3.3.2.2.Lack of awareness among consumers to use VSAT maritime satellite communications

3.3.3.Opportunities

3.3.3.1.Increasing demand for VSAT connectivity among ship owners

3.4.COVID-19 impact analysis on VSAT maritime satellite communications market

3.4.1.Impact on VSAT maritime satellite communications market size
3.4.2.Change in consumer trends, preferences, and budget impact, owing to COVID-19
3.4.3.Framework for market challenges faced by VSAT maritime satellite communications providers
3.4.4.Economic impact on VSAT maritime satellite communications providers
3.4.5.Key player strategies to tackle negative impact on the industry
3.4.6.Opportunity analysis for VSAT maritime satellite communications providers

3.5.Growing importance of 4G technology in maritime satellite communication owing to ongoing digitization
3.6.VSAT maritime satellite communication market by network carrier type
3.7.Overview
3.8.3G

3.8.1.Key market trends, growth factors, and opportunities

3.9.4G

3.9.1.Key market trends, growth factors, and opportunities
3.9.2.Market size and forecast, by region
3.9.3.Market analysis, by country

3.10.5G

3.10.1.Key market trends, growth factors, and opportunities

CHAPTER 4:VSAT MARITIME SATELLITE COMMUNICATION MARKET, BY COMPONENT

4.1.Overview
4.2.Solution

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Service

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

CHAPTER 5:VSAT MARITIME SATELLITE COMMUNICATION MARKET, BY BAND TYPE

5.1.Overview
5.2.Ku-Band

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Ka-Band

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.C-Band

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

CHAPTER 6:VSAT MARITIME SATELLITE COMMUNICATION MARKET, BY SERVICES

6.1.Overview
6.2.Voice

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Tracking and Monitoring Services

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.Video

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

6.5.Data

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country

CHAPTER 7:VSAT MARITIME SATELLITE COMMUNICATION MARKET, BY END USER

7.1.Overview
7.2.Merchant Shipping

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis, by country

7.3.Passenger Ships

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis, by country

7.4.Leisure Vessel

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region
7.4.3.Market analysis, by country

7.5.Offshore

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by region
7.5.3.Market analysis, by country

7.6.Others

7.6.1.Key market trends, growth factors, and opportunities
7.6.2.Market size and forecast, by region
7.6.3.Market analysis, by country

CHAPTER 8:VSAT MARITIME SATELLITE COMMUNICATION MARKET, BY REGION

8.1.Overview

8.1.1.Market size and forecast

8.2.North America

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by component
8.2.3.Market size and forecast, by band type
8.2.4.Market size and forecast, by services
8.2.5.Market size and forecast, by end user
8.2.6.Market analysis, by country

8.2.6.1.U.S.

8.2.6.1.1.Market size and forecast, by component
8.2.6.1.2.Market size and forecast, by band type
8.2.6.1.3.Market size and forecast, by services
8.2.6.1.4.Market size and forecast, by end user

8.2.6.2.Canada

8.2.6.2.1.Market size and forecast, by component
8.2.6.2.2.Market size and forecast, by band type
8.2.6.2.3.Market size and forecast, by services
8.2.6.2.4.Market size and forecast, by end user

8.3.Europe

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by component
8.3.3.Market size and forecast, by band type
8.3.4.Market size and forecast, by services
8.3.5.Market size and forecast, by end user
8.3.6.Market analysis, by country

8.3.6.1.GERMANY

8.3.6.1.1.Market size and forecast, by component
8.3.6.1.2.Market size and forecast, by band type
8.3.6.1.3.Market size and forecast, by services

8.3.6.1.4.Market size and forecast, by end user

8.3.6.2.UK

8.3.6.2.1.Market size and forecast, by component
8.3.6.2.2.Market size and forecast, by band type
8.3.6.2.3.Market size and forecast, by services
8.3.6.2.4.Market size and forecast, by end user

8.3.6.3.France

8.3.6.3.1.Market size and forecast, by component
8.3.6.3.2.Market size and forecast, by band type
8.3.6.3.3.Market size and forecast, by services
8.3.6.3.4.Market size and forecast, by end user

8.3.6.4.Italy

8.3.6.4.1.Market size and forecast, by component
8.3.6.4.2.Market size and forecast, by band type
8.3.6.4.3.Market size and forecast, by services
8.3.6.4.4.Market size and forecast, by end user

8.3.6.5.Spain

8.3.6.5.1.Market size and forecast, by component
8.3.6.5.2.Market size and forecast, by band type
8.3.6.5.3.Market size and forecast, by services
8.3.6.5.4.Market size and forecast, by end user

8.3.6.6.Rest of Europe

8.3.6.6.1.Market size and forecast, by component
8.3.6.6.2.Market size and forecast, by band type
8.3.6.6.3.Market size and forecast, by services
8.3.6.6.4.Market size and forecast, by end user

8.4.Asia-Pacific

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by component
8.4.3.Market size and forecast, by band type
8.4.4.Market size and forecast, by services
8.4.5.Market size and forecast, by end user
8.4.6.Market analysis, by country

8.4.6.1.China

8.4.6.1.1.Market size and forecast, by component
8.4.6.1.2.Market size and forecast, by band type
8.4.6.1.3.Market size and forecast, by services
8.4.6.1.4.Market size and forecast, by end user

8.4.6.2.Japan

8.4.6.2.1.Market size and forecast, by component
8.4.6.2.2.Market size and forecast, by band type
8.4.6.2.3.Market size and forecast, by services
8.4.6.2.4.Market size and forecast, by end user

8.4.6.3.India

8.4.6.3.1.Market size and forecast, by component
8.4.6.3.2.Market size and forecast, by band type
8.4.6.3.3.Market size and forecast, by services
8.4.6.3.4.Market size and forecast, by end user

8.4.6.4.Australia

8.4.6.4.1.Market size and forecast, by component
8.4.6.4.2.Market size and forecast, by band type
8.4.6.4.3.Market size and forecast, by services
8.4.6.4.4.Market size and forecast, by end user

8.4.6.5.South Korea

8.4.6.5.1.Market size and forecast, by component
8.4.6.5.2.Market size and forecast, by band type
8.4.6.5.3.Market size and forecast, by services
8.4.6.5.4.Market size and forecast, by end user

8.4.6.6.Indonesia

8.4.6.6.1.Market size and forecast, by component
8.4.6.6.2.Market size and forecast, by band type
8.4.6.6.3.Market size and forecast, by services
8.4.6.6.4.Market size and forecast, by end user

8.4.6.7.Rest of Asia-Pacific

8.4.6.7.1.Market size and forecast, by component
8.4.6.7.2.Market size and forecast, by band type
8.4.6.7.3.Market size and forecast, by services
8.4.6.7.4.Market size and forecast, by end user

8.5.LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by component
8.5.3.Market size and forecast, by band type
8.5.4.Market size and forecast, by services
8.5.5.Market size and forecast, by end user
8.5.6.Market analysis, by country

8.5.6.1.Latin America

8.5.6.1.1.Market size and forecast, by component
8.5.6.1.2.Market size and forecast, by band type
8.5.6.1.3.Market size and forecast, by services
8.5.6.1.4.Market size and forecast, by end user

8.5.6.2.Middle East

8.5.6.2.1.Market size and forecast, by component
8.5.6.2.2.Market size and forecast, by band type
8.5.6.2.3.Market size and forecast, by services
8.5.6.2.4.Market size and forecast, by end user

8.5.6.3.Africa

8.5.6.3.1.Market size and forecast, by component
8.5.6.3.2.Market size and forecast, by band type
8.5.6.3.3.Market size and forecast, by services
8.5.6.3.4.Market size and forecast, by end user

CHAPTER 9:COMPETITIVE LANDSCAPE

9.1.Introduction

9.1.1.Market player positioning, 2020

9.2.Competitive dashboard

9.2.1.Top winning strategies

CHAPTER 10:COMPANY PROFILES

10.1.Marlink

10.1.1.Company overview
10.1.2.Company snapshot
10.1.3.Product portfolio
10.1.4.Key strategic moves and developments

10.2.Inmarsat Global Limited

10.2.1.Company overview
10.2.2.Company snapshot
10.2.3.Product portfolio
10.2.4.Key strategic moves and developments

10.3.Iridium Communications Inc.

10.3.1.Company overview
10.3.2.Company snapshot
10.3.3.Product portfolio
10.3.4.Business performance
10.3.5.Key strategic moves and developments

10.4.Thuraya Telecommunications Company

10.4.1.Company overview
10.4.2.Company snapshot
10.4.3.Product portfolio
10.4.4.Key strategic moves and developments

10.5.Hughes Network Systems, LLC

10.5.1.Company overview
10.5.2.Company snapshot
10.5.3.Operating business segments
10.5.4.Product portfolio
10.5.5.Business performance

10.6.KVH Industries, Inc.

10.6.1.Company overview
10.6.2.Company snapshot
10.6.3.Operating business segments
10.6.4.Product portfolio
10.6.5.Business performance
10.6.6.Key strategic moves and developments

10.7.Speedcast

10.7.1.Company overview
10.7.2.Company snapshot
10.7.3.Product portfolio

10.7.4.Key strategic moves and developments

10.8.NSSLGLOBAL

10.8.1.Company overview
10.8.2.Company snapshot
10.8.3.Product portfolio
10.8.4.Key strategic moves and developments

10.9.ORBCOMM

10.9.1.Company overview
10.9.2.Company snapshot
10.9.3.Product portfolio

10.10.GTMARITIME

10.10.1.Company overview
10.10.2.Company snapshot
10.10.4.Product portfolio

LIST OF TABLES

TABLE 01.VSAT MARITIME SATELLITE COMMUNICATION MARKET, BY NETWORK CARRIER TYPE, 2020–2030 ($MILLION)
TABLE 02.VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR 4G, BY REGION, 2020–2030 ($MILLION)
TABLE 03.VSAT MARITIME SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 04.VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR SOLUTION, BY REGION, 2020–2030 ($MILLION)
TABLE 05.VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE FOR SERVICE, BY REGION, 2020–2030 ($MILLION)
TABLE 06.VSAT MARITIME SATELLITE COMMUNICATION MARKET, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 07.VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE FOR KU-BAND, BY REGION, 2020–2030 ($MILLION)
TABLE 08.VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR KA-BAND, BY REGION, 2020–2030 ($MILLION)
TABLE 09.VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR C-BAND, BY REGION, 2020–2030 ($MILLION)
TABLE 10.VSAT MARITIME SATELLITE COMMUNICATION MARKET, BY SERVICES, 2020–2030 ($MILLION)
TABLE 11.VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE FOR VOICE, BY REGION, 2020–2030 ($MILLION)
TABLE 12.VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR TRACKING AND MONITORING SERVICES, BY REGION, 2020–2030 ($MILLION)
TABLE 13.VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE FOR VIDEO, BY REGION, 2020–2030 ($MILLION)
TABLE 14.VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR DATA, BY REGION, 2020–2030 ($MILLION)
TABLE 15.VSAT MARITIME SATELLITE COMMUNICATION MARKET, BY END USER, 2020–2030 ($MILLION)
TABLE 16.VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE FOR MERCHANT SHIPPING, BY REGION, 2020–2030 ($MILLION)
TABLE 17.VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR PASSENGER SHIPS, BY REGION, 2020–2030 ($MILLION)
TABLE 18.VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE FOR LEISURE VESSEL, BY REGION, 2020–2030 ($MILLION)
TABLE 19.VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR OFFSHORE, BY REGION, 2020–2030 ($MILLION)
TABLE 20.VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR OTHERS, BY REGION, 2020–2030 ($MILLION)
TABLE 21.VSAT MARITIME SATELLITE COMMUNICATION MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 22.NORTH AMERICA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 23.NORTH AMERICA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 24.NORTH AMERICA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 25.NORTH AMERICA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 26.NORTH AMERICA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 27.U.S. VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 28.U.S. VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 29.U.S. VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 30.U.S. VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 31.CANADA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 32.CANADA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 33.CANADA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 34.CANADA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 35.EUROPE VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 36.EUROPE VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 37.EUROPE VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 38.EUROPE VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 39.EUROPE VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 40.GERMANY VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 41.GERMANY VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 42.GERMANY VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 43.GERMANY VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 44.UK VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 45.UK VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 46.UK VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 47.UK VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 48.FRANCE VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 49.FRANCE VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 50.FRANCE VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 51.FRANCE VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 52.ITALY VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 53.ITALY VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 54.ITALY VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 55.ITALY VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 56.SPAIN VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 57.SPAIN VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 58.SPAIN VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 59.SPAIN VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 60.REST OF EUROPE VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 61.REST OF EUROPE VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 62.REST OF EUROPE VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 63.REST OF EUROPE VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 64.ASIA-PACIFIC VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 65.ASIA-PACIFIC VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 66.ASIA-PACIFIC VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 67.ASIA-PACIFIC VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 68.ASIA-PACIFIC VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 69.CHINA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 70.CHINA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 71.CHINA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 72.CHINA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 73.JAPAN VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 74.JAPAN VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 75.JAPAN VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 76.JAPAN VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 77.INDIA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 78.INDIA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 79.INDIA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 80.INDIA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 81.AUSTRALIA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 82.AUSTRALIA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 83.AUSTRALIA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 84.AUSTRALIA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 85.SOUTH KOREA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 86.SOUTH KOREA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 87.SOUTH KOREA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 88.SOUTH KOREA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 89.INDONESIA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 90.INDONESIA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 91.INDONESIA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 92.INDONESIA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 93.REST OF ASIA-PACIFIC VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 94.REST OF ASIA-PACIFIC VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 95.REST OF ASIA-PACIFIC VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 96.REST OF ASIA-PACIFIC VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 97.LAMEA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 98.LAMEA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 99.LAMEA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 100.LAMEA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 101.LAMEA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 102.LATIN AMERICA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 103.LATIN AMERICA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 104.LATIN AMERICA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 105.LATIN AMERICA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 106.MIDDLE EAST VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 107.MIDDLE EAST VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 108.MIDDLE EAST VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 109.MIDDLE EAST VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 110.AFRICA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY COMPONENT, 2020–2030 ($MILLION)
TABLE 111.AFRICA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY BAND TYPE, 2020–2030 ($MILLION)
TABLE 112.AFRICA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY SERVICES, 2020–2030 ($MILLION)
TABLE 113.AFRICA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, BY END USER, 2020–2030 ($MILLION)
TABLE 114.MARLINK: COMPANY SNAPSHOT
TABLE 115.MARLINK: PRODUCT PORTFOLIO
TABLE 116.INMARSAT GLOBAL LIMITED: COMPANY SNAPSHOT
TABLE 117.INMARSAT GLOBAL LIMITED: PRODUCT PORTFOLIO
TABLE 118.IRIDIUM COMMUNICATIONS INC.: COMPANY SNAPSHOT
TABLE 119.IRIDIUM COMMUNICATIONS INC.: PRODUCT PORTFOLIO
TABLE 120.THURAYA TELECOMMUNICATIONS COMPANY: COMPANY SNAPSHOT
TABLE 121.THURAYA TELECOMMUNICATIONS COMPANY: PRODUCT PORTFOLIO
TABLE 122.HUGHES NETWORK SYSTEMS, LLC: COMPANY SNAPSHOT
TABLE 123.HUGHES NETWORK SYSTEMS, LLC: OPERATING SEGMENTS
TABLE 124.HUGHES NETWORK SYSTEMS, LLC: PRODUCT PORTFOLIO
TABLE 125.KVH INDUSTRIES, INC.: COMPANY SNAPSHOT
TABLE 126.KVH INDUSTRIES, INC.: OPERATING SEGMENTS
TABLE 127.KVH INDUSTRIES, INC.: PRODUCT PORTFOLIO
TABLE 128.SPEEDCAST: COMPANY SNAPSHOT
TABLE 129.SPEEDCAST: PRODUCT PORTFOLIO
TABLE 130.NSSLGLOBAL: COMPANY SNAPSHOT
TABLE 131.NSSLGLOBAL: PRODUCT PORTFOLIO
TABLE 132.ORBCOMM: COMPANY SNAPSHOT
TABLE 133.ORBCOMM: PRODUCT PORTFOLIO
TABLE 134.UBS: COMPANY SNAPSHOT
TABLE 135.UBS: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.VSAT MARITIME SATELLITE COMMUNICATION MARKET SNAPSHOT, BY SEGMENTATION, 2021–2030
FIGURE 03.VSAT MARITIME SATELLITE COMMUNICATION MARKET SNAPSHOT, BY REGION, 2021–2030
FIGURE 04.VSAT MARITIME SATELLITE COMMUNICATION MARKET: TOP IMPACTING FACTOR
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 07.MODERATELY HIGH BARGAINING POWER OF BUYER
FIGURE 08.MODERATE THREAT OF SUBSTITUTES
FIGURE 09.MODERATELY HIGH THREAT OF NEW ENTRANTS
FIGURE 10.MODERATELY HIGH COMPETITIVE RIVALRY
FIGURE 11.MARKET DYNAMICS: VSAT MARITIME SATELLITE COMMUNICATION MARKET
FIGURE 12.VSAT MARITIME SATELLITE COMMUNICATION MARKET, BY NETWORK CARRIER TYPE, 2020–2030
FIGURE 13.COMPARATIVE COUNTRY ANALYSIS OF VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR 4G, 2020 & 2030 (%)
FIGURE 14.VSAT MARITIME SATELLITE COMMUNICATION MARKET, BY COMPONENT, 2020–2030
FIGURE 15.COMPARATIVE COUNTRY ANALYSIS OF VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR SOLUTION, 2020 & 2030 (%)
FIGURE 16.COMPARATIVE COUNTRY ANALYSIS OF VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR SERVICE, 2020 & 2030 (%)
FIGURE 17.VSAT MARITIME SATELLITE COMMUNICATION MARKET, BY BAND TYPE, 2020–2030
FIGURE 18.COMPARATIVE COUNTRY ANALYSIS OF VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR KU-BAND,  2020 & 2030 (%)
FIGURE 19.COMPARATIVE COUNTRY ANALYSIS OF VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR KA-BAND, 2020 & 2030 (%)
FIGURE 20.COMPARATIVE COUNTRY ANALYSIS OF VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR C-BAND, 2020 & 2030 (%)
FIGURE 21.VSAT MARITIME SATELLITE COMMUNICATION MARKET, BY SERVICES, 2020–2030
FIGURE 22.COMPARATIVE COUNTRY ANALYSIS OF VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR VOICE, 2020 & 2030 (%)
FIGURE 23.COMPARATIVE COUNTRY ANALYSIS OF VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR TRACKING AND MOITORING SERVICES, 2020 & 2030 (%)
FIGURE 24.COMPARATIVE COUNTRY ANALYSIS OF VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR VIDEO, 2020 & 2030 (%)
FIGURE 25.COMPARATIVE COUNTRY ANALYSIS OF VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR DATA, 2020 & 2030 (%)
FIGURE 26.VSAT MARITIME SATELLITE COMMUNICATION MARKET, BY END USER, 2020–2030
FIGURE 27.COMPARATIVE COUNTRY ANALYSIS OF VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR MERCHANT SHIPPING, 2020 & 2030 (%)
FIGURE 28.COMPARATIVE COUNTRY ANALYSIS OF VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR PASSENGER SHIPS, 2020 & 2030 (%)
FIGURE 29.COMPARATIVE COUNTRY ANALYSIS OF VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR LEISURE VESSEL, 2020 & 2030 (%)
FIGURE 30.COMPARATIVE COUNTRY ANALYSIS OF VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR OFFSHORE, 2020 & 2030 (%)
FIGURE 31.COMPARATIVE COUNTRY ANALYSIS OF VSAT MARITIME SATELLITE COMMUNICATION MARKET FOR OTHERS, 2020 & 2030 (%)
FIGURE 32.U.S. VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 33.CANADA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 34.GERMANY VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 35.UK VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 36.FRANCE VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 37.ITALY VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 38.SPAIN VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 39.REST OF EUROPE VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 40.CHINA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 41.JAPAN VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 42.INDIA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 43.AUSTRALIA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 44.SOUTH KOREA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 45.INDONESIA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 46.REST OF ASIA-PACIFIC VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 47.LATIN AMERICA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 48.MIDDLE EAST VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 49.AFRICA VSAT MARITIME SATELLITE COMMUNICATION MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 50.MARKET PLAYER POSITIONING, 2020
FIGURE 51.COMPETITIVE DASHBOARD
FIGURE 52.COMPETITIVE DASHBOARD
FIGURE 53.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 54.TOP WINNING STRATEGIES, BY YEAR, 2019–2021
FIGURE 55.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2019–2021
FIGURE 56.TOP WINNING STRATEGIES, BY COMPANY, 2019–2021
FIGURE 57.IRIDIUM COMMUNICATIONS INC.: NET REVENUE, 2018–2020 ($MILLION)
FIGURE 58.IRIDIUM COMMUNICATIONS INC.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 59.HUGHES NETWORK SYSTEMS, LLC: REVENUE, 2018–2020 ($MILLION)
FIGURE 60.HUGHES NETWORK SYSTEMS, LLC: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 61.HUGHES NETWORK SYSTEMS, LLC: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 62.KVH INDUSTRIES, INC.: NET REVENUE, 2018–2020 ($MILLION)
FIGURE 63.KVH INDUSTRIES, INC.: REVENUE SHARE, BY SEGMENT (2020)


 
 

Adoption of VSAT maritime satellite communication has increased over the years as it provides internet connection to all parts of the world from remote places to busy cities as is a type of connection that uses a satellite to get an internet signal from your internet service provider (ISP) to you. In addition, AI is driving advancements in VSAT maritime satellite communication automation and researchers are building autonomous satellites that prevents collisions with space debris, setting up and maintaining communication networks, monitoring condition of satellites, and their operating routines, which is expected to boost the market growth.

Key providers of the VSAT maritime satellite communication market such as KVH Industries, Inc., Marlink, and Inmarsat Global Limited account for a significant share in the market. Various companies are partnering to increase VSAT maritime satellite communication capabilities with the larger requirement from the automation. For instance, October 2021, Hiber, an IoT-as-a-service scaleup, partnered with Inmarsat, the world leader in global, mobile satellite communications to provide satellite connectivity to build Hiberband, its revolutionary low-cost, low-power network for Internet of Things (IoT) products. The agreement pairs Inmarsat’s recently-unveiled ELERA network, the global satellite network for IoT, with Hiber’s IoT-as-a-service ecosystem to provide easy-to-use, low power, and cost-effective IoT solutions and services to transport, logistics, agriculture, mining, and other industries worldwide.

In addition, with increase in demand for VSAT maritime satellite communication services various companies are expanding their current services to continue with rise in demand. For instance, in June 2021, Thuraya, the Mobile Satellite Services (MSS) subsidiary of the UAE-based Al Yah Satellite Communications Company (Yahsat), has launched its web-based SatTrack maritime tracking and monitoring service in partnership with FrontM, a leading international developer of software applications. Developed for vessels and fleets serviced by the Thuraya MarineStar Solution (supporting voice, tracking, and monitoring), SatTrack facilitates sustainable fishing practices, improved crew welfare and safety, better fleet visibility and management, and onboard real time condition monitoring.

Moreover, many market players are expanding their partnership and collaborations to expand their maritime communications. For instance, in September 2020, Marlink, the world’s leading provider of end-to-end managed smart network solutions has extended its partnership with software and service provider Quadrille to provide a dedicated news and information channel to Marlink maritime customers. Marlink and Quadrille are thus expanding their existing partnership, which was established more than four years ago with the aim of providing seafarers with a range of video and news content. Under the Marlink brand name XChange Media, the companies already offer comprehensive and highly trusted, high-quality news to the crew on board.

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