Worldwide Maritime Satellite Communication Industry to 2027 - Strategic Recommendations for New Entrants - ResearchAndMarkets.com

The "Maritime Satellite Communication - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.

According to this report, the Global Maritime Satellite Communication market accounted for $2.19 billion in 2019 and is expected to reach $4.31 billion by 2027 growing at a CAGR of 8.8% during the forecast period.

Increasing demand for broadband connections and VSAT connectivity, and high-throughput satellites to unlock cloud and IoT services are the major factors propelling market growth. However, lack of awareness about advanced maritime satellite services is hampering market growth.

Satellite communication technologies help to track the ships and cargo through the globe. VSAT terminals are communication terminals that allow transmitting and receiving text, audio, and video data using satellite broadband Internet services. These terminals operate as geostationary satellites on Ku, Ka, and C bands

Based on the end user, the commercial vessel segment is going to have lucrative growth during the forecast period due to the rising in trade activities using commercial vessels. Maritime trade continues to expand and bringing benefits for consumers across the globe through competitive logistics costs. With rising manufacturing and global trade, there has been a rise in the number of marine vessels added to the existing fleet. By geography, Asia Pacific is going to have lucrative growth during the forecast period due 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.

Companies Mentioned

• Globecomm Systems Inc
• Harris Caprock Communications Inc
• Hughes Network Systems LLC
• Inmarsat Group Limited
• Iridium Communications Inc
• KVH Industries Inc
• MTN Group Limited
• Navarino Telecom SA
• Network Innovation Inc
• NSSL Global Limited
• Singapore Telecommunications Limited
• Speedcast International Limited
• Thuraya Telecommunications Company
• Viasat Inc
• VT Idirect Inc

What the report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2018, 2019 2020, 2024, and 2027
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Key Topics Covered:

1 Executive Summary

2 Preface

2.1 Abstract

2.2 Stake Holders

2.3 Research Scope

2.4 Research Methodology

2.4.1 Data Mining

2.4.2 Data Analysis

2.4.3 Data Validation

2.4.4 Research Approach

2.5 Research Sources

2.5.1 Primary Research Sources

2.5.2 Secondary Research Sources

2.5.3 Assumptions

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Application Analysis

3.7 End User Analysis

3.8 Emerging Markets

3.9 Impact of Covid-19

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Maritime Satellite Communication Market, By Type

5.1 Introduction

5.2 Detectors

5.3 Surveillance and Tracking

6 Global Maritime Satellite Communication Market, By Component

6.1 Introduction

6.2 Hardware

6.3 Solution

6.3.1 Very Small Aperture Terminal (VSAT)

6.3.1.1 Ku-band

6.3.1.2 C-band

6.3.1.3 Ka-band

6.3.2 Mobile Satellite Service (MSS)

6.4 Service

6.4.1 Tracking and Monitoring

6.4.2 Video

6.4.3 Data

6.4.4 Voice

7 Global Maritime Satellite Communication Market, By Application

7.1 Introduction

7.2 Perioperative Care

7.3 Intensive Care Units

7.4 Neurological Care Units

7.5 Coronary Care Units

7.6 Acute/Critical Care

8 Global Maritime Satellite Communication Market, By End User

8.1 Introduction

8.2 Coastal Security Services

8.3 Construction

8.4 Government

8.5 Fishing

8.6 Manufacturing

8.7 Leisure Vessel

8.8 Merchant Shipping

8.9 Naval Forces

8.10 Offshore Oil Rigs and Support Vessels

8.11 Passenger Ships

8.12 Commercial Ship

8.13 Naval Vessel

8.14 Commercial Vessels

9 Global Maritime Satellite Communication Market, By Geography

9.1 Introduction

9.2 North America

9.3 Europe

9.4 Asia Pacific

9.5 South America

9.6 Middle East & Africa

10 Key Developments

10.1 Agreements, Partnerships, Collaborations and Joint Ventures

10.2 Acquisitions & Mergers

10.3 New Product Launch

10.4 Expansions

10.5 Other Key Strategies

11 Company Profiling

For more information about this report visit https://www.researchandmarkets.com/r/y7e8sp

View source version on businesswire.com: https://www.businesswire.com/news/home/20210113005706/en/