Global Maritime Satellite Communication Market 2022-2028

Global Maritime Satellite Communication Market 2022-2028

The global maritime satellite communication market is expected to increase by USD 4.2 billion, at a compound annual growth rate (CAGR) of 10.5% from 2022 to 2028, according to the latest edition of the Global Maritime Satellite Communication Market Report.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global maritime satellite communication market. It traces the market’s historic and forecast market growth. The report identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches. This study also provides an analysis of the impact of the COVID-19 crisis on the maritime satellite communication industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, offering, end user, and region. The global market for maritime satellite communication can be segmented by type: mobile satellite communication or mobile satellite services (MSS), very small aperture terminal (VSAT). In 2021, the very small aperture terminal (VSAT) segment made up the largest share of revenue generated by the maritime satellite communication market. Maritime satellite communication market is further segmented by offering: solution, service. The solution segment was the largest contributor to the global maritime satellite communication market in 2021. Based on end user, the maritime satellite communication market is segmented into: merchant, offshore rig and support vessel, passenger fleet, yacht, fishing vessel, others. The merchant segment is estimated to account for the largest share of the global maritime satellite communication market. On the basis of region, the maritime satellite communication market also can be divided into: North America, Europe, Asia-Pacific, Rest of the World (RoW). North America held the largest share of the global maritime satellite communication market in 2021 and is anticipated to hold its share during the forecast period.

Market Segmentation

By type: mobile satellite communication or mobile satellite services (MSS), very small aperture terminal (VSAT)

By offering: solution, service

By end user: merchant, offshore rig and support vessel, passenger fleet, yacht, fishing vessel, others

By region: North America, Europe, Asia-Pacific, Rest of the World (RoW)

The report also provides analysis of the key companies of the industry and their detailed company profiles including Cobham Limited, Inmarsat Global Limited, Iridium Communications Inc., KVH Industries Inc., Speedcast Communications, Inc., Thuraya Telecommunications Company, Viasat Inc., among others.

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Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

• To analyze and forecast the market size of the global maritime satellite communication market.
• To classify and forecast the global maritime satellite communication market based on type, offering, end user, region.
• To identify drivers and challenges for the global maritime satellite communication market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global maritime satellite communication market.
• To identify and analyze the profile of leading players operating in the global maritime satellite communication market.

• Gain a reliable outlook of the global maritime satellite communication market forecasts from 2022 to 2028 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.