Maritime Satellite Communication Market - Global Forecast to 2020 - New Market Study Published
New Computer Technology research report from Markets and Markets is now available from Fast Market Research
[ClickPress, Wed Feb 17 2016] Maritime Satellite Communication Market by Type (VSAT, MSS), Service (Voice, Video, Data, Tracking & Monitoring), End User (Merchant Shipping, Fishing, Passenger Ship, Leisure Vessels, Offshore, Government, Others) and by Region - Global Forecast to 2020
The global maritime satellite communication market is estimated at USD 2.01 billion in 2015 and is expected to register a CAGR of 9.0% during the forecast period. Tremendous opportunities lie in developing integrated network management systems that can seamlessly work across different frequency bands and cloud-based platforms to deliver maritime satellite communication services. Considering it as a future opportunity, top market players are working towards combining satellite and cellular communication technology.
"The very small aperture terminal (VSAT) technology segment dominates the overall market"
At present, the penetration of VSAT across Ka-Band is maximum and is expected to continue this trend by 2020. On the other hand, Ku-Band is expected to reflect the highest CAGR during the forecast period owing to the increasing deployment of maritime satellite communication services across Ku-Band.
Full Report Details at
"Maritime satellite communication is driven by data communication service"
Most of the satellite-based communication in maritime industry is through data and it is also considered the cheapest source of communication in maritime industry. Video communication service will witness the highest growth due to increase in use of video conferencing and entertainment-based applications.
"Europe accounts for the highest adoption and implementation of maritime satellite communication services"
The factors driving the maritime satellite communication market in Europe are the low cost of solutions and high demand for implementing these services for monitoring and tracking and internet access to communicate and transfer real-time information. Asia-Pacific region is expected to register the highest CAGR during the forecast period.
"Increasing demand of communication services by business travelers"
Increase in business travelers' demand for having advanced communication systems at sea and expectations for high speed data equipment are growing continually. Passenger ship end user segment will reflect highest growth during the forecast period due to rapid deployment of affordable solutions across segment.
Break-up of profile of primary participants for the report as given below
* By Company Type - Tier 1 - 30 %, Tier 2 - 40% and Tier 3 - 30%
* By Designation - C level - 25%, Director level - 38%, Others - 37%
* By Region - North America - 45%, Europe - 23%, APAC - 18%, RoW - 14%
The various key maritime satellite communication market vendors and service providers profiled in the report are as follows:
1. Inmarsat communications, Inc.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)
You may also be interested in these related reports:
- Communication Test and Measurement Market Test Solutions - Global Forecast to 2020
- Free Space Optics (FSO) and Visible Light Communication (VLC) Market - Global forecast to 2020
- Audio Communication Monitoring Market - Global Forecast to 2020
- Nanosatellite and Microsatellite Market - Global Forecast to 2020
- Near Field Communication Market - Global Forecast to 2020