Northbrook, IL 60062 -- (SBWire) -- 07/11/2023 --The global Maritime Satellite Communication Market size is expected to grow from USD 2.3 billion in 2020 to USD 3.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period, according to research report by MarketsandMarkets™.
Escalating the need for enriched data communication to improve operation efficiency, onboard security & surveillance, and employee/passenger welfare in maritime is driving the market. Furthermore, The major factor driving the maritime satellite communication market is the need to attain improved connectivity between the land and sea operations and realizing benefits in faster repair times, preventative maintenance, fuel-saving, and real-time navigation.
Browse in-depth TOC on "Maritime Satellite Communication Market"
221 - Tables
42 - Figures
216 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=113822978
Ka-band segment to account for the largest market size during the forecast period
This section studies the maritime satellite communication VSAT portfolio. Ka-band operates under frequency 26.5-40 GHz. It is an extremely high frequency, commonly used in HD satellite TV. It is used by the maritime industry to support marine VSAT services. Ka-band incurs significant implementation cost but relatively low maintenance. It is susceptible to rain fade. Inmarsat was the first company to provide Ka-band VSAT services. As more Ka-band bandwidth becomes available, other players also started using Ka-band to deliver their communication services
The video service segment to account for the largest market size during the forecast period
The video service segment of the maritime satellite communication service includes streaming of high definition photos & videos and online TV channel broadcast services. Video services enable the crew to get in touch with family through videoconferencing, get information & update on news, sports, and favorite TV programs, and many other services. Live video service can help onboard technicians to get live assistance from experts to resolve problems. High-quality live video transfer needs reliability and sufficient bandwidth.
Get Free Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=113822978
APAC to account for the highest market share during the forecast period
The maritime satellite communication market in APAC is the largest in terms of market size. APAC is the fastest-growing region in the maritime satellite communication market. Many countries in the APAC region are likely to adopt maritime satellite communication solutions owing to high demands, specifically in the oil and gas, merchant shipping, mining, and passenger shipping verticals. The APAC region is implementing maritime satellite communication solutions significantly. The maritime satellite technology has been adopted in this region to incorporate advanced communication networks to communicate with employees, such as crew working at remote offshore locations.
Top Key Players:
The major maritime satellite communication market vendors include Inmarsat (UK), Iridium Communications (US), Thuraya (UAE), Hughes Network Systems (US), KVH Industries (US), Viasat (US), Speedcast (Australia), ST Engineering (Singapore), NSSLGlobal (England), Marlink (France), ORBOCOMM (US), Navarino (Greece), Network Innovations (Canada), GTMaritime (England), AST Group (UK), Isotropic Networks (Wisconsin), Norsat International (Ontario), Satcom Global (Canada), Intelsat (US), and Orbit Communication Systems (Israel).
Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=113822978
Browse Other Reports:
Student Information System Market - Global Forecast to 2027
Intelligent Process Automation Market - Global Forecast to 2027
Geospatial Analytics Market - Global Forecast to 2028
Video Management System Market - Global Forecast to 2027
Smart Buildings Market - Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/maritime-satellite-communication-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/maritime-satellite-communication.asp
Maritime Satellite Communication Market Share Analysis, Key Growth Drivers, Leading Key Players, Demand and Upcoming Trend to 2025
The research report categorizes the maritime satellite communication market based on the component, solution, service, end user, and region.