Global Maritime Vsat Market
Maritime VSAT Market Size And Forecast
According to Verified Market Research, the Global Maritime VSAT Market was valued at USD 2.78 billion in 2019 and is projected to reach USD 7.04 billion by 2027, growing at a CAGR of 13.3% from 2020 to 2027.
Global Maritime VSAT Market Overview
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.
Moreover, the applications of maritime VSAT have a wide scope where the crew safety and operations largely depend on VSAT communication. Point of sale, Internet access, file distribution, database access, and environmental monitoring are few of the functions performed with ease using VSAT, which explains its high utilization rate and fast-growing market. In spite of being a tremendous asset to the Marine industry, VSAT technology has certain drawbacks, which influence the expansion of the market. The signals are affected by weather conditions like Rain, Snow, and Wind. This, in turn, acts as a restraint for the market at a global level.
Global Maritime VSAT Market: Segmentation
The Global Maritime VSAT market is segmented on the basis of technology, application, and geography.
Maritime VSAT Market Competitive Landscape
The “Global Maritime VSAT Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Echostar Corporation, Viasat Inc., Inmarsat PLC and KVH Industries, Inc. Apart from these, the other major players in the market are SpeedCast International Limited, RigNet, VT iDirect, Inc., EMC, Comtech Telecommunications Corp., Telespazio SpA, Marlink AS, Eutelsat Communications S.A., OmniAccess, RH Marine Group.
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