Maritime Satellite Communication Global Market Study Focus on Top Companies and Crucial Drivers

Maritime Satellite Communication Global Market Study Focus on Top Companies and Crucial Drivers

The global Maritime Satellite Communication market report provided by Global Market Monitor analyzes the industry and major market trends in detail, and divides the market size by volume and value according to application types and geographic locations.

The global market for maritime satellite communications is expected to reach $2.9 billion by 2025. Asia Pacific is expected to be the major regional market with increasing adoption of VSAT technology in merchant and cruise ships in the region, thus massive modernization of legacy systems such as close proximity air defense systems, radar and communication systems on board communication ships, and increasing political tensions and border disputes in countries such as India and China are also driving the demand for new satellites for communication technology in the region. Europe is expected to achieve the second fastest growth due to increased sales of luxury boats. Demand is primarily driven by factors such as an increase in the number of high net worth individuals and marine tourism due to the growing popularity of water sports and fishing. Over the next few years, the marine and coastal tourism industry is expected to witness a significant increase in passenger traffic due to the attractiveness of the region. The introduction of tourism support policies such as entry/exit visas is expected to boost investment in coastal recreational activities such as fishing, rapids, kayaking, sailing training adventures, day trips, adventure, scuba diving, free diving and snorkeling. These luxury boats are equipped with the latest in satellite communication technology.

The maritime satellite communication system is a kind of ship radio communication system that uses communication satellites as relay stations. It includes communications between mobile stations, between mobile stations and fixed stations, and between fixed stations and users of the public communications network. INMARSAT is the world's first global satellite communication system for mobile operations.

Increasing demand for reliable and cost-effective communication services at sea is driving this growth. In addition, increasing adoption for navigation purposes is also expected to drive revenue growth. Increasing investments in various regions to upgrade the legacy systems of the naval fleet will drive market demand.

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Competition Analysis
Major enterprises in the global market of Maritime Satellite Communication include:
Royal Imtech
Viasat
Globecomm Systems
Hughes Network Systems
Iridium Communications
Kvh Industries
Thuraya Telecommunications
Inmarsat
Harris Caprock Communications

By application:
Merchant Shipping
Fishing
Passenger Ship
Leisure Vessels
Offshore
Government

Global Maritime Satellite Communication market: Type segments
VSAT
MSS

Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Maritime Satellite Communication Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Maritime Satellite Communication Market by Types
4 Segmentation of Maritime Satellite Communication Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Maritime Satellite Communication Market in Major Countries
7 North America Maritime Satellite Communication Landscape Analysis
8 Europe Maritime Satellite Communication Landscape Analysis
9 Asia Pacific Maritime Satellite Communication Landscape Analysis
10 Latin America, Middle East & Africa Maritime Satellite Communication Landscape Analysis
11 Major Players Profile
…

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Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

Audience:
• Maritime Satellite Communication manufacturers
• Maritime Satellite Communication traders, distributors, and suppliers
• Maritime Satellite Communication industry associations
• Product managers, Maritime Satellite Communication industry administrator, C-level executives of the industries
• Market Research and consulting firms

Key Features of the Maritime Satellite Communication Market Report
-Report customization as per the client’s requirements
-Analysis of product segments for Maritime Satellite Communication market with historical data and forecast
-Learn about the various market strategies that are being adopted by leading companies.
-Global Maritime Satellite Communication market size & trends, drivers, constraints, growth opportunities, regional and country level analysis, investment opportunities, and recommendations
-It provides a six-year forecast based on Maritime Satellite Communication market growth forecasts

Available Customizations – Market Monitor offers customizations according to the company's specific needs.
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