|03-14-2019 10:20 PM CET - IT, New Media & Software||
Maritime Satellite Communication Market Expected to Witness a Significant Growth of $3.96 Billion by 2023, at CAGR of 6.90% | Inmarsat Communications, Iridium communications, VT iDirect, KVH Industries, Royal Imtech NV, Globecomm Systems, ViaSat
Press release from: Market Prognosis
Marketprognosis.com Publish a New Market Research Report On “Global Maritime Satellite Communication Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.
Overview of the Global Maritime Satellite Communication Market:
The Global Maritime Satellite Communication Market was valued at USD 2.39 Billion in 2017, and is expected to reach a value of USD 3.96 Billion by 2023, at a CAGR of 6.90%, during the forecast period (2018 - 2023).
The scope of the report covers various segments which include by Type mobile satellite services (MSS), very small aperture terminal (VSAT), surveillance and tracking, detectors, and by end-user industry are limited to naval forces, coastal security services, merchant navy, government, shipping vessels. While the region considered in the scope of the report include North America, Europe, Asia pacific, Middle East & Africa, and Latin America.
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Mobile Satellites Services has a Major Market Share; The mobile satellites service consists of earth stations, such as Ship Earth Station (SES), Communication Earth Station (CES) and Mobile Earth Station (MES). Because of the wide area network coverage, these services are mainly used in military ships and shipyards. These services include: Telex, data for distress, safety alerts and messaging provision for maritime security. MSS systems are currently undergoing a transition from the traditional approach of production to a more pragmatic, technologically advanced approach that ensures miniaturization and enhanced capabilities. This transition is boosting the market for mobile satellite services in the maritime satellite communications market.
North America is One of the Largest Markets for Advanced Communication Technological Research; The huge market in the region is mainly due to growing R&D activities and industrialization. In the last three decades, strategic and tactical missions were primarily dependent on the Military Satellite Communications (MILSATCOM). US and other armed forces are making more emphasis on having uninterrupted, high capacity and reliable communications. These factors have been always the main concerns for every military commander, and especially in the case of the United States. The North American naval structure is built on the basis of Mahan naval doctrine, where, controlling the sea lines of communication is expected to place any country in a dominating global power. To achieve this global hegemony, the region requires effective communication with all its ships and units, mainly military assets, anywhere in SLOC, which in turn, boosts the North American maritime satellite communications market.
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Major Key Players:
1 Inmarsat Communications
2 Iridium communications, Inc.
3 Thuraya Telecommunications Company
4 VT iDirect, Inc.
5 KVH Industries, Inc.
6 Harris CapRock Communications
7 Royal Imtech N.V.
8 Globecomm Systems
9 ViaSat Inc. and More……………
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This study answers to the below key questions:
1 What are the key market trends?
2 What will the market size be in 2023 and what will the growth rate be?
3 What are the strengths and weaknesses of the key vendors?
4 Who are the key vendors in this market space?
5 What is driving this market?
6 What are the market opportunities and threats faced by the key vendors?
7 What are the challenges to market growth?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Maritime Satellite Communication Market.
Table of Contents:
2 Executive Summary
3 Maritime Satellite Communication Market Overview
4 Maritime Satellite Communication Market Dynamics
5 Maritime Satellite Communication Market Segmentation
6 Vendor Market Share
7 Company Profiles
8 Investment Analysis
9 Future of the Market
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We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
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