Maritime VSAT Market Size, Share, Trends, Analysis and Forecasts To 2021

Market Research analysts forecast the global maritime VSAT market to grow at a CAGR of 13.74% during the period 2017-2021.

The following companies as the key players in the global maritime VSAT market: Harris CapRock, Hughes Network Systems, Inmarsat, KVH Industries, ViaSat, and VT iDirect.

Other Prominent Vendors in the market are: Comtech Telecommunications, Emerging Markets Communications, OmniAccess, Raytheon, SageNet, SpeedCast, and Telespazi.

Commenting on the report, an analyst said: The latest trend gaining momentum in the market is increased use of satellite-based EO in maritime surveillance. Earth observation (EO) providers have entered maritime surveillance to leverage their high revenue potential. EO satellites and synthetic aperture radar (SAR) instruments are predominantly used in maritime surveillance. Satellites such as TerraSAR-X and RADARSAT-2 provide images for maritime surveillance and cover the entire surface of the Earth.

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According to the report, one of the major drivers for this market is growing adoption of satellite communication to monitor oil and gas rigs. The transportation of oil and gas through pipelines requires 24/7 surveillance and monitoring due to the high risk and financial loss associated with its leakage. Therefore, supervisory control and data acquisition (SCADA) systems are used for remote surveillance, monitoring, and maintenance of these pipelines.
Further, the report states that one of the major factors hindering the growth of this market is congestion of frequency bands. Satellite technology and its applications in the core sectors such as aeronautical and maritime is growing rapidly, and the requirement of higher frequency bands has increased significantly to facilitate efficient radio communications. Due to increase in the number and size of the satellites, congestion has become a challenge in delivering application-suitable frequency bands.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About Maritime VSAT

VSAT services help in maritime surveillance, commodity tracking, identifying illegal fishing, improving maritime domain awareness (MDA), search and rescue operations, and anti-piracy. The major customers for this market are government agencies and commercial markets such as oil and gas companies. Protected patents and technology help companies in this market to enhance the reliability of communications. The adoption of maritime VSAT equipment among marine vehicles is rising rapidly.

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Covered in this report

The report covers the present scenario and the growth prospects of the global maritime VSAT market for 2017-2021. To calculate the market size, the report considers the revenue generated from the services including installation and maintenance support of maritime VSAT terminals. And also, the revenue generated from satellite communication providers and operators for offering connectivity services across frequency bands such as Ka and Ku bands, L-band, C-band, and high-throughput satellite (HTS) to oil and gas companies, government organizations, and vessel operators

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Global Maritime VSAT Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Harris CapRock
Hughes Network Systems
Inmarsat
KVH Industries
ViaSat
VT iDirect
Other prominent vendors
Comtech Telecommunications
Emerging Markets Communications
OmniAccess
Raytheon
SageNet
SpeedCast
Telespazi

Market driver
Growing adoption of satellite communication to monitor oil and gas rigs
For a full, detailed list, view our report

Market challenge
Congestion of frequency bands
For a full, detailed list, view our report

Market trend
Increased use of satellite-based EO in maritime surveillance
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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