Global Maritime Satellite Communication Market
GLOBAL MARITIME SATELLITE COMMUNICATION MARKET SIZE AND FORECAST TO 2025
Global Maritime Satellite Communication Market Analysis
According to Verified Market Intelligence, The Global Maritime Satellite Communication Market was valued at USD 2.67 Billion in 2017 and is projected to reach USD 4.91 Billion by 2025, growing at a CAGR of 9.2% from 2018 to 2025.
What is Maritime Satellite Communication?
Mobile Maritime Communications is a communication platform by which two way voice communication is made viable for users who are in remote locations or frequent travelers such as those between ship and coast stations. The Mobile satellite communications can offer several different ways of communications such as GPS, distress signaling and PIN based solutions. Communication is a crucial factor when it comes to Maritime business as it can be used in emergency situations to indicate the location of the employees. There is a rising demand for immediate data communication as it helps in the monitoring of ships, vessels and cargo as well as to ensure surveillance and security.
Global Maritime Satellite Communication Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Recently there has been a growth in satellite and cellular communication technology and the less expensive technology. The advent of these has led to an increase in the growing demand for enriched data communication, integration of network management systems, and adoption of cloud based solutions. These factors have led to increasing applications of Martime Satellite communications and therefore have been driving forces for increase in Maritime Satellite communication’s market growth. Certain concerns for security and privacy, the high infrastructure and operational costs and the lack of knowledge about the technology among users are restraining factors for the Martime Satellite communication’s market.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Maritime Satellite Communication Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Maritime Satellite Communication Market Competitive Landscape
The “Global Maritime Satellite Communication Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Iridium Communications, Inc., Harris Caprock Communications, Inc., Thuraya Telecommunications Company, Royal Imtech N.V., Hughes Network Systems LLC, Globecomm Systems Inc, Inmarsat PLC., Viasat, VT Idirect, Inc. and KVH Industries, Inc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Maritime Satellite Communication Market, By End-User
• Leisure Vessels
• Passenger Ship
Global Maritime Satellite Communication Market, By Type
• Mobile Satellite Service
• Very Small Aperture Terminal
Global Maritime Satellite Communication Market, By Service
• Tracking & Monitoring
Global Maritime Satellite Communication Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
Research Methodology of Verified Market Intelligence:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our sales team at Verified Market Intelligence.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.