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Published: Nov, 2019 | Pages:
83 | Publisher: Grand View Research
Industry: Telecommunications | Report Format: Electronic (PDF)
The global maritime satellite communication market size is expected to reach at USD 4.74 billion by 2025, registering a CAGR of 8.9% over the forecast period, according to a new report published by Grand View Research, Inc. The rising need for reliable and cost-effective maritime communication services at sea is driving the market growth. Rising adoption of satellite communication for additional user-oriented services, such as entertainment, tracking and monitoring services is also expected to fuel revenue growth in the forthcoming years. Maritime satellite communication is a crucial part of naval, commercial, leisure and oil rig and support vessels. Its services include voice calling, weather and oceanographic data access for navigation and fishing, data services for email and internet access as well as for tracking the location of the marine vessel. Timely delivery has become a dynamic factor for the shipping industry. The industry is striving to achieve it by making high investments in R&D activities. The shipping industry uses satellite vessel tracking service to keep the shore-side operations informed about the location and to achieve timely delivery. Maritime communication services also provide distress warning whenever necessary, which is also one of the most influential factors driving the adoption of maritime satellite communication. Technological innovation such as reduction in dish size and cost of data usage is expected to drive demand for installation of new VSAT services in place of MSS services. The adoption of VSAT with KU and KA band frequencies, will also provide immense growth opportunity for the market. Also, huge investments which are made by key manufacturers of maritime communication equipment, to introduce new comparatively cheaper satellite communication equipment is expected to boost the market. However, the high cost of equipment and satellite communication services may hinder the growth. Further key findings from the report suggest: • Naval vessel in end use segment is anticipated to register a high CAGR over the forecast period ascribing to modernization of legacy systems such as close in air defense systems, radar, and communication systems in the naval fleet • VSAT sub-segment the type segment is expected to witness higher growth than MSS owing to high data speeds, global coverage, and efficient maritime satellite communication • Asia Pacific is anticipated to witness high CAGR over the forecast period owing to increasing adoption of VSAT technologies in the merchant and cruise ships in the region • The maritime satellite communication market is oligopolistic and is dominated by companies such as, Inmarsat Global Limited; Iridium Communications Inc.; Leonardo S.p.A.; Thuraya Telecommunications Company; ViaSat Inc.; Orbcomm Inc.; KVH Industries, Inc.; Singapore Technologies Engineering Ltd; and EchoStar Corporation.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Maritime Satellite Communication Regional Marketplace: Key Takeaways
Chapter 3. Maritime Satellite Communication Market Industry Outlook
3.1. Market Segmentation
3.2. Market Size and Growth Prospects, 2014 - 2025
3.3. Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.2. Market restraint/challenge analysis
3.4.3. Market opportunity analysis
3.5. Penetration & Growth Prospect Mapping
3.6. Company Market Share Analysis, (2018)
3.7. Industry Analysis - Porter's
3.8. PEST Analysis
Chapter 4. Maritime Satellite Communication Market: Revenue Source Outlook
4.1. Maritime Satellite Communication Market Share by type, 2018 & 2025 (USD Billion)
4.2. Hardware
4.2.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
4.2.2. Market estimates and forecasts by region, 2014 - 2025 (USD Billion)
4.3. Software
4.3.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
4.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
4.4. Services
4.4.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
4.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
Chapter 5. Maritime Satellite Communication Market: Type Outlook
5.1. Maritime Satellite Communication Market Share by type, 2018 & 2025 (USD Billion)
5.2. Very Small Aperture Terminal (VSAT)
5.2.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
5.2.2. Market estimates and forecasts by region, 2014 - 2025 (USD Billion)
5.3. Mobile Satellite Services (MSS)
5.3.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
5.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
Chapter 6. Maritime Satellite Communication Market: End Use Outlook
6.1. Maritime Satellite Communication Market Share by End Use, 2018 & 2025 (USD Billion)
6.2. Naval Vessel
6.2.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
6.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
6.3. Commercial Vessels
6.3.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
6.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
6.4. Leisure Vessels
6.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
6.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
6.5. Offshore oil Rigs
6.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
6.5.2. Market estimates and forecast by region, 2014 - 2025 (USD Billion)
Chapter 7. Maritime Satellite Communication Market: Regional Outlook
7.1. Maritime Satellite Communication Market share by region, 2018 & 2025 (USD Billion)
7.2. North America
7.2.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
7.2.2. Market estimates and forecast by product type, 2014 - 2025 (USD Billion)
7.2.3. Market estimates and forecast by End use, 2014 - 2025 (USD Billion)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
7.2.4.2. Market estimates and forecast by product type, 2014 - 2025 (USD Billion)
7.2.4.3. Market estimates and forecast by End use, 2014 - 2025 (USD Billion)
7.2.5. Canada
7.2.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
7.2.5.2. Market estimates and forecast by product type, 2014 - 2025 (USD Billion)
7.2.5.3. Market estimates and forecast by End use, 2014 - 2025 (USD Billion)
7.3. Europe
7.3.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
7.3.2. Market estimates and forecast by product type, 2014 - 2025 (USD Billion)
7.3.3. Market estimates and forecast by End use, 2014 - 2025 (USD Billion)
7.3.4. U.K.
7.3.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
7.3.4.2. Market estimates and forecast by product type, 2014 - 2025 (USD Billion)
7.3.4.3. Market estimates and forecast by End use, 2014 - 2025 (USD Billion)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
7.3.5.2. Market estimates and forecast by product type, 2014 - 2025 (USD Billion)
7.3.5.3. Market estimates and forecast by End use, 2014 - 2025 (USD Billion)
7.3.6. France
7.3.6.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
7.3.6.2. Market estimates and forecast by product type, 2014 - 2025 (USD Billion)
7.3.6.3. Market estimates and forecast by End use, 2014 - 2025 (USD Billion)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
7.4.2. Market estimates and forecast by product type, 2014 - 2025 (USD Billion)
7.4.3. Market estimates and forecast by End use, 2014 - 2025 (USD Billion)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
7.4.4.2. Market estimates and forecast by product type, 2014 - 2025 (USD Billion)
7.4.4.3. Market estimates and forecast by End use, 2014 - 2025 (USD Billion)
7.4.5. India
7.4.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
7.4.5.2. Market estimates and forecast by product type, 2014 - 2025 (USD Billion)
7.4.5.3. Market estimates and forecast by End use, 2014 - 2025 (USD Billion)
7.4.6. Japan
7.4.6.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
7.4.6.2. Market estimates and forecast by product type, 2014 - 2025 (USD Billion)
7.4.6.3. Market estimates and forecast by End use, 2014 - 2025 (USD Billion)
7.5. Latin America
7.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
7.5.2. Market estimates and forecast by product type, 2014 - 2025 (USD Billion)
7.5.3. Market estimates and forecast by End use, 2014 - 2025 (USD Billion)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
7.5.4.2. Market estimates and forecast by product type, 2014 - 2025 (USD Billion)
7.5.4.3. Market estimates and forecast by End use, 2014 - 2025 (USD Billion)
7.5.5. Mexico
7.5.5.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
7.5.5.2. Market estimates and forecast by product type, 2014 - 2025 (USD Billion)
7.5.5.3. Market estimates and forecast by End use, 2014 - 2025 (USD Billion)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2014 - 2025 (USD Billion)
7.6.2. Market estimates and forecast by product type, 2014 - 2025 (USD Billion)
7.6.3. Market estimates and forecast by End use, 2014 - 2025 (USD Billion)
Chapter 8. Competitive Landscape
8.1. Inmarsat Global Limited
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Iridium Communications Inc.
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Leonardo S.p.A.
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Thuraya Telecommunications Company
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. ViaSat Inc.
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Orbcomm Inc.
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. KVH Industries, Inc.
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Singapore Technologies Engineering Ltd
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. EchoStar Corporation
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Kongsberg Maritime AS
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
8.11. Saab AB
8.11.1. Company Overview
8.11.2. Financial Performance
8.11.3. Product Benchmarking
8.11.4. Strategic Initiatives
8.12. Rohde & Schwarz GMBH
8.12.1. Company Overview
8.12.2. Financial Performance
8.12.3. Product Benchmarking
8.12.4. Strategic Initiatives
List of Tables Table 1 List of abbreviations Table 2 Maritime Satellite Communication Market - Industry snapshot & key buying criteria, 2014 - 2025 Table 3 Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 4 Maritime Satellite Communication Market, by region, 2014 - 2025 (USD Billion) Table 5 Maritime Satellite Communication Market, by type, 2014 - 2025 (USD Billion) Table 6 Maritime Satellite Communication Market, by revenue source, 2014 - 2025 (USD Billion) Table 7 Maritime Satellite Communication Market, by end use, 2014 - 2025 (USD Billion) Table 8 Very Small Aperture Terminal (VSAT) Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 9 Very Small Aperture Terminal (VSAT) Maritime Satellite Communication Market, by region, 2014 - 2025 (USD Billion) Table 10 Mobile Satellite Services (MSS) segment Market, 2014 - 2025 (USD Billion) Table 11 Mobile Satellite Services (MSS) segment Market, by region, 2014 - 2025 (USD Billion) Table 12 Hardware segment Market, 2014 - 2025 (USD Billion) Table 13 Hardware segment Market, by region, 2014 - 2025 (USD Billion) Table 14 Software segment Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 15 Software segment Maritime Satellite Communication Market, by region, 2014 - 2025 (USD Billion) Table 16 Services segment Market, 2014 - 2025 (USD Billion) Table 17 Services segment Market, by region, 2014 - 2025 (USD Billion) Table 18 Naval Vessel Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 19 Naval Vessel Maritime Satellite Communication Market, by region, 2014 - 2025 (USD Billion) Table 20 Commercial Ship Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 21 Leisure Vessel Maritime Satellite Communication Market, by region, 2014 - 2025 (USD Billion) Table 22 Leisure Vessel Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 23 Offshore Rigs Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 24 Offshore Rigs Maritime Satellite Communication Market, by region, 2014 - 2025 (USD Billion) Table 25 North America Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 26 North America Maritime Satellite Communication Market, by product type, 2014 - 2025 (USD Billion) Table 27 North America Maritime Satellite Communication Market, by end user, 2014 - 2025 (USD Billion) Table 28 U.S. Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 29 U.S. Maritime Satellite Communication Market, by product type, 2014 - 2025 (USD Billion) Table 30 U.S. Maritime Satellite Communication Market, by end user, 2014 - 2025 (USD Billion) Table 31 Canada Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 32 Canada Maritime Satellite Communication Market, by product type, 2014 - 2025 (USD Billion) Table 33 Canada Maritime Satellite Communication Market, by end user, 2014 - 2025 (USD Billion) Table 34 Europe Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 35 Europe Maritime Satellite Communication Market, by product type, 2014 - 2025 (USD Billion) Table 36 Europe Maritime Satellite Communication Market, by end user, 2014 - 2025 (USD Billion) Table 37 U.K. Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 38 U.K. Maritime Satellite Communication Market, by product type, 2014 - 2025 (USD Billion) Table 39 U.K. Maritime Satellite Communication Market, by end user, 2014 - 2025 (USD Billion) Table 40 Germany America Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 41 Germany Maritime Satellite Communication Market, by product type, 2014 - 2025 (USD Billion) Table 42 Germany Maritime Satellite Communication Market, by end user, 2014 - 2025 (USD Billion) Table 43 France Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 44 France Maritime Satellite Communication Market, by product type, 2014 - 2025 (USD Billion) Table 45 France Maritime Satellite Communication Market, by end user, 2014 - 2025 (USD Billion) Table 46 Asia Pacific Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 47 Asia Pacific Maritime Satellite Communication Market, by product type, 2014 - 2025 (USD Billion) Table 48 Asia Pacific Maritime Satellite Communication Market, by end user, 2014 - 2025 (USD Billion) Table 49 China Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 50 China Maritime Satellite Communication Market, by product type, 2014 - 2025 (USD Billion) Table 51 China Maritime Satellite Communication Market, by end user, 2014 - 2025 (USD Billion) Table 52 India Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 53 India Maritime Satellite Communication Market, by product type, 2014 - 2025 (USD Billion) Table 54 India Maritime Satellite Communication Market, by end user, 2014 - 2025 (USD Billion) Table 55 Japan Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 56 Japan Maritime Satellite Communication Market, by product type, 2014 - 2025 (USD Billion) Table 57 Japan Maritime Satellite Communication Market, by end user, 2014 - 2025 (USD Billion) Table 58 Latin America Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 59 Latin America Maritime Satellite Communication Market, by product type, 2014 - 2025 (USD Billion) Table 60 Latin America Maritime Satellite Communication Market, by end user, 2014 - 2025 (USD Billion) Table 61 Brazil Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 62 Brazil Maritime Satellite Communication Market, by product type, 2014 - 2025 (USD Billion) Table 63 Brazil Maritime Satellite Communication Market, by end user, 2014 - 2025 (USD Billion) Table 64 Mexico Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 65 Mexico Maritime Satellite Communication Market, by product type, 2014 - 2025 (USD Billion) Table 66 Mexico Maritime Satellite Communication Market, by end user, 2014 - 2025 (USD Billion) Table 67 Middle East & Africa Maritime Satellite Communication Market, 2014 - 2025 (USD Billion) Table 68 Middle East & Africa Maritime Satellite Communication Market, by product type, 2014 - 2025 (USD Billion) Table 69 Middle East & Africa Maritime Satellite Communication Market, by end user, 2014 - 2025 (USD Billion)
List of Figures Fig. 1 Research process Fig. 2 Information procurement Fig. 3 Maritime satellite communication regional marketplace: Key takeaways Fig. 4 Maritime satellite communication - Market segmentation & scope Fig. 5 Maritime satellite communication - Market size and growth prospects, 2014 - 2025 (USD Million) Fig. 6 Maritime satellite communication - Value chain analysis Fig. 7 Maritime satellite communication - Market dynamics Fig. 8 Maritime satellite communication - Market driver relevance analysis (Current & future impact) Fig. 9 Maritime satellite communication - Market restraint/challenge relevance analysis (Current & future impact) Fig. 10 Maritime satellite communication - Market opportunity relevance analysis (Current & future impact) Fig. 11 Maritime satellite communication - Penetration & growth prospect mapping Fig. 12 Maritime satellite communication - Porter's analysis Fig. 13 Maritime satellite communication - PEST analysis Fig. 14 Global maritime satellite communication type outlook, 2018 & 2025 Fig. 15 Global maritime satellite communication end use outlook, 2018 & 2025 Fig. 15 Global maritime satellite communication revenue source outlook, 2018 & 2025 Fig. 17 Global maritime satellite communication regional outlook, 2018 & 2025 Fig. 18 North America Maritime satellite communication market - Key takeaways Fig. 19 Europe Maritime satellite communication market - Key takeaways Fig. 20 Asia Pacific Maritime satellite communication market - Key takeaways Fig. 21 Latin America Maritime satellite communication market - Key takeaways Fig. 22 Middle East & Africa Maritime satellite communication market - Key takeaways
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