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Maritime Satellite Communication Market Trends, Business Growth Statistics and Key Players - Harris Corporation, Inmarsat Global Limited, Iridium Communications Inc., Kongsberg Maritime, KVH Industries, Inc., Leonardo S.p.A., ORBCOMM, ROHDE&SCHWARZ, Thura

08-04-2021 07:29 AM CET | Media & Telecommunications

Press release from: Adroit Market Research

Maritime Satellite Communication Market

Maritime Satellite Communication Market

The Global Maritime Satellite Communication Market Size Was Predicted To Reach Over USD 2.1 Billion In 2020 And Projected To Grow At A CAGR Of 6.5% Over The Forecast Period. The major growth factor boosting the surge in global maritime satellite communication market is the increasing need for reliable, cost-effective yet efficient communication services at sea. With constant improvements in the navigation systems, there is an increasing adoption of maritime satellite communication services for navigational application which is considered to fuel the revenue generated by the market. Maritime telecommunication equipment has gained substantial popularity and has now become the standards equipment for short-term as well as long-term gallivanting. It has emerged as a promising communication system particularly become more important now as reliable communication has become a vital component of marine transport.

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Maritime travel of any nature including recreational transport such as boats, mega yacht and commercial fishing or other naval marine transport all display a crucial role of navigation and reliable communication system which is encouraging the growth of the global maritime satellite communication market. Cellular services are typically easily accessible within offshore boundaries with restricted areas that provide full functionality of these services. Satellite network has established itself as a magic solution to communication errors particularly allowing to mitigate communication errors thereby offering services with a competitive edge over the land-based communication alternatives boasting the advantages of maritime satellite communication market.

The historic utility of nautical communication services was restricted to communication establishment between ship to shore along with other marine vessels. However, the role of maritime satellite communication system has expanded substantially from just connecting voice calls to additional user-oriented services including entertainment, tracking and monitoring services. These satellite technology systems have quickly become universally adopted devices owing to the spectrum of applications served. This includes DTH broadcasting along with disaster management, voice calls, navigation and weather forecasting applications accounting for the increasing demand for these systems bolstering the growth of the global maritime satellite communication market.

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Among the most crucial equipments deployed marine vessels, receiver, transceiver, transponder or transmitter, antenna, modems or routers, and satellite phone are the most prominent one’s. the put together equipment allows the proper functioning of multiple systems in air as well as marine navigation and meteorological monitoring. Even though, nautical satellite communication is gaining extensive importance, there is less mutuality in functioning and performance on land and at sea which gives rise to the need for strict use of maritime satellites at sea. These satellite communication application in naval defense takes care of aerial monitoring, sending as well as receiving distress call along with navigational requirements.   

The major players of the global Maritime satellite communication market are Harris Corporation, Inmarsat Global Limited, Iridium Communications Inc., Kongsberg Maritime, KVH Industries, Inc., Leonardo S.p.A., ORBCOMM, ROHDE&SCHWARZ, Thuraya Telecommunications Company, Viasat, Inc., and others. Renowned companies are offering new and modern Maritime satellite communication software solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.

Segment Overview of Global Maritime Satellite Communication Market

Component Overview, 2019-2028 (USD Billion)

Solutions

Services

Type Overview, 2019-2028 (USD Billion)

Very Small Aperture Terminal (VSAT)

Mobile Satellite Services (MSS)

End User Overview, 2019-2028 (USD Billion)

Merchant Shipping

Fishing

Passenger Ships

Leisure Vessel

Government

Others

Regional Overview, 2019-2028 (USD Billion)

North America

U.S.

Canada

Europe

UK

Germany

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia-Pacific

Middle East and Africa

UAE

South Africa

Rest of Middle East and Africa

South America

Brazil

Rest of South America

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About Us :

Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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