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Global Maritime VSAT Market 2018 by Manufacturers, Regions, Type and Application Forecast to 2023
SKU ID : MRF-14710044 | Publishing Date : 01-Aug-2019 | No. of pages : 98
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Maritime VSAT Market Research Report - Global Forecast till 2024
Global Maritime VSAT Market: Information by Type (Ku-Band, C-Band, L-Band and High-Throughput Satellites [HTS] Band), Application (Military & Defense and Civil & Commercial) and Region (North America, Europe, Asia-Pacific and South America, Middle East and Africa) - Forecast to 2024
Market Analysis
North America is anticipated to be the largest market for maritime VSAT and is expected to register a CAGR of 13.08% during the forecast period. During the forecast period, The Global Maritime VSAT Market is probable to list a 13.46% CAGR and is predicted to witness extensive growth in the market. Satellite-based connectivity plays a serious part in the maritime industry. As real-time communication is necessary between ship owners, passengers, crew, and on-ground staff grows regularly. Hence, there have been advancements in technologies such as VSAT. The arrival of VSAT broadband services has directed to a move away from traditional L-band connections that ship operators have relied on for decades. There is a huge demand for high speed broadband and VSAT services help meet the demand for the same that can support bandwidth-intensive applications such as watching online videos, using Internet protocol-based telephony services, and downloading music. In addition, satellite broadband helps operators to improve daily operations, increase profitability, and improve life onboard for crew members. The accessibility of efficient broadband has also allowed the tracking of containers and appreciated goods in real time. The navies and commercial ship operators from different countries are advancing their existing systems with new and advanced ones such as maritime VSAT that is expected to push market growth during the forecast period. Due to the presence of major manufacturers, such as Comtech Telecommunications Corp. and Viasat Inc., in the region , North America is predicted to be a prominent region for the maritime VSAT market followed by Europe that is expected to be the second-largest market due to the increasing demand for maritime VSAT in the region. The reason for growth of the global maritime VSAT market is increasing adoption of maritime VSAT and surge in international seaborne trade. North America is responsible for 51.51% of the global maritime VSAT global market in the year 2018, followed by Europe with 21.33% of the global market share.
Market Segmentation-
The Global Maritime VSAT Market is segmented based on Type Maritime VSAT Market has been segmented into Ku-Band, C-Band, L-Band, and High-Throughput Satellites (HTS) Band. Based on Application the market has been segmented into Military & Defense and Civil & Commercial. Based on Region the market is segmented into North America, Europe, Asia-Pacific, and South America, Middle East, and Africa respectively.
Regional Analysis
The Global Maritime VSAT Market is divided into North America, Europe, Asia-Pacific, and South America, Middle East, and Africa.
Major Players
Some of the major players are Comtech Telecommunications Corp. (US), EchoStar Corporation KVH Industries, Inc. (US), OmniAccess SL (Spain), Raytheon Company (US), SageNet Inc. (US), Speedcast International Limited (Australia), Telespazio SpA (Italy), Viasat Inc. (US), and VT iDirect, Inc. (US), Inmarsat Group Limited (UK), (US), EMC (US)
Global Maritime VSAT Market: Information by Type (Ku-Band, C-Band, L-Band and High-Throughput Satellites [HTS] Band), Application (Military & Defense and Civil & Commercial) and Region (North America, Europe, Asia-Pacific and South America, Middle East and Africa) - Forecast to 2024
Market Analysis
North America is anticipated to be the largest market for maritime VSAT and is expected to register a CAGR of 13.08% during the forecast period. During the forecast period, The Global Maritime VSAT Market is probable to list a 13.46% CAGR and is predicted to witness extensive growth in the market. Satellite-based connectivity plays a serious part in the maritime industry. As real-time communication is necessary between ship owners, passengers, crew, and on-ground staff grows regularly. Hence, there have been advancements in technologies such as VSAT. The arrival of VSAT broadband services has directed to a move away from traditional L-band connections that ship operators have relied on for decades. There is a huge demand for high speed broadband and VSAT services help meet the demand for the same that can support bandwidth-intensive applications such as watching online videos, using Internet protocol-based telephony services, and downloading music. In addition, satellite broadband helps operators to improve daily operations, increase profitability, and improve life onboard for crew members. The accessibility of efficient broadband has also allowed the tracking of containers and appreciated goods in real time. The navies and commercial ship operators from different countries are advancing their existing systems with new and advanced ones such as maritime VSAT that is expected to push market growth during the forecast period. Due to the presence of major manufacturers, such as Comtech Telecommunications Corp. and Viasat Inc., in the region , North America is predicted to be a prominent region for the maritime VSAT market followed by Europe that is expected to be the second-largest market due to the increasing demand for maritime VSAT in the region. The reason for growth of the global maritime VSAT market is increasing adoption of maritime VSAT and surge in international seaborne trade. North America is responsible for 51.51% of the global maritime VSAT global market in the year 2018, followed by Europe with 21.33% of the global market share.
Market Segmentation-
The Global Maritime VSAT Market is segmented based on Type Maritime VSAT Market has been segmented into Ku-Band, C-Band, L-Band, and High-Throughput Satellites (HTS) Band. Based on Application the market has been segmented into Military & Defense and Civil & Commercial. Based on Region the market is segmented into North America, Europe, Asia-Pacific, and South America, Middle East, and Africa respectively.
Regional Analysis
The Global Maritime VSAT Market is divided into North America, Europe, Asia-Pacific, and South America, Middle East, and Africa.
Major Players
Some of the major players are Comtech Telecommunications Corp. (US), EchoStar Corporation KVH Industries, Inc. (US), OmniAccess SL (Spain), Raytheon Company (US), SageNet Inc. (US), Speedcast International Limited (Australia), Telespazio SpA (Italy), Viasat Inc. (US), and VT iDirect, Inc. (US), Inmarsat Group Limited (UK), (US), EMC (US)
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
