Maritime Satellite Communication Market - By Type (Mobile Satellite Services, Very Small Aperture Terminal ), By Offering, By Application, By End-user, Forecast 2024

Description

List of Tables

Maritime satellite communication market size is anticipated to witness more than 8.5% CAGR from 2024 to 2032 owing to the ongoing digital transformation. The demand for seamless and reliable communication has never been more crucial. Maritime satellite communication offers a lifeline for vessels by ensuring constant connectivity, enhancing operational efficiency, and enabling swift decision-making.

According to the State of IoT-Spring 2023 report, the number of global IoT connections grew by 16% in 2023 than the previous year. The integration of advanced technologies, such as IoT and AI, into maritime communication systems further amplifies their capabilities, paving the way for a more connected and efficient maritime ecosystem.

The maritime satellite communication market is classified based on type, offering, application, end-user, and region.

The mobile satellite services (MSS) segment is expected to record strong CAGR from 2024 to 2032 as it provides vessels with the flexibility of communication on the move, overcoming the limitations of traditional communication methods. It includes a wide array of services, including voice and data communication, broadband internet, and remote monitoring. The versatility and adaptability of MSS contribute significantly to its growing prominence within the maritime communication landscape.

The services segment is predicted to witness substantial growth through 2032 as beyond basic communication services, providers are increasingly offering value-added services such as weather monitoring, route optimization, and cybersecurity solutions. These holistic service offerings not only address the core communication needs of maritime stakeholders but also enhance the overall operational resilience and security of vessels traversing the seas.

Europe maritime satellite communication market size will expand significantly through 2032 driven by the robust maritime sector, technological prowess, and a focus on sustainable shipping practices. The region has major shipping hubs and ports, recognizing the strategic importance of advanced satellite communication for operational efficiency, safety, and compliance. As Europe continues to lead in maritime innovation, the adoption of cutting-edge satellite communication technologies is poised to accelerate, contributing significantly to the overall market growth in the region.

Product Code: 7812

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Maritime satellite communication market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2024 - 2032
2.3 Regional trends
2.4 Type trends
2.5 Offering trends
2.6 Application trends
2.7 End-user trends

Chapter 3 Maritime Satellite Communication Industry Insights

3.1 Industry ecosystem analysis
3.2 Suppliers landscape
- 3.2.1 Solution providers
- 3.2.2 Service providers
- 3.2.3 Satellite operators
- 3.2.4 Technology providers
- 3.2.5 System integrators
- 3.2.6 End-users
3.3 Profit margin
3.4 Evolution of satellite communication technology
3.5 Technology & innovation landscape
3.6 Patent analysis
3.7 Key news and initiatives
- 3.7.1 Partnership/Collaboration
- 3.7.2 Merger/Acquisition
- 3.7.3 Investment
- 3.7.4 Product launch & innovation
3.8 Regulatory landscape
3.9 Impact forces
- 3.9.1 Growth drivers
  - 3.9.1.1 Increasing investments in the research and development of satellite communication technologies
  - 3.9.1.2 The increasing globalization of trade and maritime activities
  - 3.9.1.3 Rising demand to track cargo and ships
  - 3.9.1.4 Growing need for higher data transfer rates in maritime applications
- 3.9.2 Industry pitfalls & challenges
  - 3.9.2.1 High initial setup and ongoing operational costs
3.10 Growth potential analysis
3.11 Porter's analysis
3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share, 2023
4.3 Competitive analysis of major market players, 2023
- 4.3.1 Cobham Satcom
- 4.3.2 EchoStar Corporation
- 4.3.3 Inmarsat Group Limited
- 4.3.4 Iridium Communications Inc.
- 4.3.5 Marlink SAS
- 4.3.6 SES Satellite
- 4.3.7 Viasat Inc.
4.4 Competitive positioning matrix, 2023
4.5 Strategic outlook matrix, 2023

Chapter 5 Maritime Satellite Communication Market Estimates & Forecast, By Type (Revenue)

5.1 Key trends, by type
5.2 Mobile Satellite Services (MSS)
5.3 Very Small Aperture Terminal (VSAT)

Chapter 6 Maritime Satellite Communication Market Estimates & Forecast, By Offering (Revenue)

6.1 Key trends, by offering
6.2 Solution
6.3 Services

Chapter 7 Maritime Satellite Communication Market Estimates & Forecast, By Application (Revenue)

7.1 Key trends, by application
7.2 Voice communication
7.3 Video communication
7.4 Data communication

Chapter 8 Maritime Satellite Communication Market Estimates & Forecast, By End-user (Revenue)

8.1 Key trends, by end-user
8.2 Merchant
8.3 Offshore
8.4 Passenger
8.5 Finishing

Chapter 9 Maritime Satellite Communication Market Estimates & Forecast, By Region (Revenue)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Southeast Asia
- 9.4.6 ANZ
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
9.6 MEA
- 9.6.1 UAE
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa

Chapter 10 Company Profiles

10.1 AST Group
10.2 Cobham Satcom
10.3 EchoStar Corporation
10.4 EM Solution Pty Ltd.
10.5 Gilat Satellite Networks
10.6 Globalstar inc.
10.7 IEC Telecom Group
10.8 Inmarsat Group Limited
10.9 Intelsat S.A.
10.10 Iridium Communications Inc.
10.11 KVH Industries Inc.
10.12 Marlink SAS
10.13 Network Innovations Inc.
10.14 Norsat International Inc.
10.15 NSSL Global limited
10.16 Orbcomm Inc.
10.17 SES Satellite
10.18 Speedcast
10.19 Thuraya Telecommunications Company
10.20 Viasat Inc.