Maritime Satellite Communication Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The size of the maritime satellite communications market is expected to grow at a combined annual growth rate (CAGR) of 7% over the forecast period from 2021 to US$2.3 billion by 2028 to US$3.2 billion. The marine transportation industry has a growing need for enhanced data communications to improve operational efficiency, onboard safety and surveillance, and the well-being of employees and passengers. The maritime sector plays an important role in the global economy. According to the APSCC, the current maritime industry consists of up to 80,000 merchants, cruise ships and government vessels and more than 1400 offshore oil rigs. To improve connectivity between land and sea operations, satellite-based communications are paramount.

 

Company Profile

• Harris Corporation
• Inmarsat Global Limited
• Iridium Communications Inc.
• Kongsberg Maritime
• KVH Industries, Inc.
• Leonardo S.p.A.
• ORBCOMM
• ROHDE&SCHWARZ

 

Market Segmentation

By Type

• Mobile Satellite Communication or Mobile Satellite Services(MSS)
• Very Small Aperture Terminal (VSAT)

By Offering

• Solution
• Service

By End-User

• Merchant (Cargo, Tanker, Container, Bulk Carrier etc.)
• Offshore Rigs and Support Vessels
• Passenger Fleet (Cruise, Ferry)
• Leisure (Yachts)
• Finishing Vessels

 

Scope of the Report

The research study analyzes the Maritime Satellite Communication Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Maritime Satellite Communication Market Report

 

1. What was the Maritime Satellite Communication Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Maritime Satellite Communication Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Maritime Satellite Communication Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.