Press release
Maritime Satellite Communication Market to Reach USD 5.9 Billion by 2032, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm, has launched a report on the global market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.
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Market Statistics
• Market size (2024): USD 3.55 billion
• Forecast value (2032): USD 5.9 billion
• CAGR (2025-2032): 6.55%
• Forecast period: 2025-2032
• Base year: 2024
• Total number of segments: 5
• Tables & figures: 100+
• Country-Level Market Assessment: 20
Market Segmentation
By Component Type
• Solutions
• Services
By Solution Type
• Very Small Aperture Terminal
• Mobile Satellite Services
By Service Type
• Tracking & Monitoring
• Video
• Voice
• Data
By End-User Type
• Merchant Shipping
• Fishing
• Passenger Ships
• Leisure Vessel
• Offshore
• Government
By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
Segment Analysis
In terms of component type, the solutions segment is expected to maintain the largest market share over the forecast period due to its central role in delivering critical communication capabilities such as broadband connectivity, device integration, and connectivity platforms that enable real-time maritime operations. This sustained demand highlights strategic focus areas for solution developers to optimize performance and service portfolios.
For solution type, the very small aperture terminal (VSAT) segment is projected to be the fastest-growing category during 2025-2032 due to its ability to deliver high-speed, reliable, and scalable broadband services that support navigation, data exchange, and crew welfare across global shipping lanes. Providers of VSAT technology stand to benefit from rising requirements for seamless connectivity and operational automation.
Within service type, while several services contribute value, tracking & monitoring services are highlighted as a rapidly expanding segment because of the growing need for real-time vessel positioning and safety monitoring that enhances compliance and fleet oversight. Vendors focusing on advanced tracking solutions can leverage this trend to expand their service portfolios.
Regarding end-user type, the merchant shipping segment remains the largest due to its significant reliance on satellite communication for cargo tracking, safety, regulatory compliance, and operational efficiency across extensive trade routes. This dominance signals continuous investment opportunities for communication system integrators focused on commercial fleets.
Regional Insights
Asia-Pacific is expected to be both the dominant and fastest-growing region over the forecast period, driven by its expanding commercial shipping, fishing industries, and investments in modern maritime infrastructure that require robust satellite connectivity for navigation, safety, and data services. This trajectory positions Asia-Pacific as a key strategic region for market expansion and localized solution deployment.
Market Drivers
• Rising demand for real-time communication at sea as ships increasingly rely on continuous connectivity for navigation and decision-making.
• Growth in global maritime trade, increasing the volume of vessels requiring satellite communication systems.
• Digitalization of maritime operations demanding high-speed data and connectivity services.
• Enhanced safety and tracking requirements for commercial and offshore fleets.
• Investments in maritime communication infrastructure and advanced satellite technologies.
Top Companies in the Market
• Inmarsat Global Limited
• Iridium Communications Inc.
• Leonardo S.p.A.
• Thuraya Telecommunications Company
• ViaSat Inc.
• Orbcomm Inc.
• KVH Industries, Inc.
• Singapore Technologies Engineering Ltd
• EchoStar Corporation
• Kongsberg Maritime AS
FAQs
1. What is the maritime satellite communication market size forecast for 2032?
The market is forecast to reach USD 5.9 billion by 2032.
2. What CAGR is the maritime satellite communication market expected to achieve from 2025 to 2032?
It is expected to grow at a CAGR of 6.55% during 2025-2032.
3. Which solution type is fastest growing in the maritime satellite communication market?
The very small aperture terminal (VSAT) segment is projected to be the fastest-growing solution type.
4. What end-user segment holds the largest share in maritime satellite communication?
The merchant shipping segment holds the largest share due to high demand for connectivity across commercial fleets.
5. Which region leads and grows fastest in the maritime satellite communication market?
Asia-Pacific is both the dominant and fastest-growing region based on market demand drivers.
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
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