Global Maritime VSAT Market
Global Maritime Vsat Market By Technology, By Application, Market Size, Opportunities, Drivers And Forecast
According to Verified Market Research, the Global Maritime VSAT Market was valued at USD 2.17 Billion in 2018 and is projected to reach USD 5.96 Billion by 2026, growing at a CAGR of 13.57% from 2019 to 2026.
Maritime VSAT with the help of a Very-Small-Aperture Terminal (VSAT) uses satellite communication on a moving ship. As the movement of the ship is as per the movement of the water, the antenna is required to be maintained as per the horizon and True north. It must be constantly directed towards the satellite which it uses to transmit and receive signals.
The importance of VSAT is immense in the maritime industry as communication between offshore and onshore is important for operational activities. The market is expected to grow at a steady rate due to its applicability in civil and military maritime sectors. Factors such as the escalating need for enriched data communication and expansive applications of maritime satellite communication are proven as key drivers for the maritime VSAT market.
Military ships and maritime functions depend largely on real-time communication for Military Operations, which become more dependent on the ability to transfer large amounts of data between ship and shore. VSAT communications, using IP technology, enables the reliable and instant transfer of voice, video and data files between vessels and land-based offices. With the increasing demand for military and civilian maritime operations such as Crew Communication and Vessel Management, VSAT is meeting high demands causing the market to grow.
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