Press release
Maritime VSAT Market Holds Maximum Shares by 2025; Leading Players Hughes Network Systems LLC, Inmarsat plc., KVH Industries, Iridium Communications, Raytheon Company, VT iDirect, and NSSL Global Technologies
Maritime VSAT Market
Growing adoption of satellite network to monitor oil & gas rigs and autonomous shipping, performance monitoring, and fleet management, gained interest by the evolution of IoT connected and sensing devices. This is a major factor bolstering the Maritime VSAT market. However, rapidly growing cyber security is a major concerns for the service providers of maritime VSAT, as these networks are highly vulnerable to cyber threats, which is acting as one of the key hindering factors in the current scenario. Increased use of satellite-based EO (Earth Observation) in maritime surveillance anticipate opportunities for this market in the forecast period.
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Top Dominating Key Players:
• Harris Corporation
• Hughes Network Systems LLC
• Inmarsat Plc
• KVH Industries Inc.
• Viasat Inc.
• Iridium Communication Inc.
VSAT stands for very small terminal aperture. Maritime VSAT anticipate use of satellite communication through a Very-Small-Aperture Terminal (VSAT) on a marine vehicle. The antenna needs to be stabilized with reference to the horizon and True north, so as to transmit and receive signals hassle-free to and from the satellite. Pertaining to the increase in maritime threats has led the satellite network providers as well as ships/vessel operators to adopt this robust technologies, thereby catalyzing the market growth in the current scenario.
The Maritime VSAT Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global maritime VSAT market based on by components, end users. It also provides market size and forecast till 2025 for overall maritime VSAT market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
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