Market Snapshot:
Maritime VSAT (Very-Small-Aperture Terminal) helps in locating the ship whereabouts to effectively manage marine management activities which include commodity tracking, surveillance activities and improvement in maritime domain awareness (MDA). Satellite is located in conjunction of vessels’ movement, which makes the need of antennas mandatory. Globally. there has been tectonic shift in the marine industries and its has become one of the key modes of the transportation. Growing investment led by technical advancement is expected to reinforce the demand for maritime VSAT system.The research analyst at AMA estimates Maritime VSAT market to grow at a compounded annual growth rate of 13.4%
Segment Analysis
AMA Research have segmented the market of Global Maritime VSAT market by Type, Application and Region. On the basis of Type, Ku-band are dominating the market in the year 2020 where as C-band stood as second largest market share.
On the basis of geography, the market of Maritime VSAT has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
Focus on Development of Lower Operational Cost Satellite and Use of Satellite Based Earth Observation (EO) System in Maritime Superintendence
Market Drivers
Rise in Maritime Trade Activities and Growing Use of Maritime VSAT in Monitoring of Oil and Gas Reservoir
Opportunities
Rise in Investment in Maritime Industry
Restraints
- Problems of Overcrowding in Frequency Bands
- Issues Related with Interoperability
In addition to the aforementioned factor, Rise in Maritime Trade Activities
is expected to propel the growth of the market over the forecast period.
The key Players profiled in the study are Harris CapRock Communications Inc. (United States), Hughes Satellite Systems Corp. (United States), Inmarsat plc (United Kingdom), KVH Industries Inc. (United States), Satcom Direct (United States), RigNet Inc. (United States), ViaSat Inc. (United States), VT iDirect Inc. (United States), STM Networks Inc. (United States), Comtech Telecommunications Corp. (United States), MTN Satellite Communications Inc. (United States), Eutelsat (France), OmniAccess (Spain), Radio Holland (Netherlands), SpeedCast (Australia) and Telespazio (Italy). A lot of United States players are profiled in the research study indicating a strong market dependence.