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Maritime Satellite Communication-Global Market Insights and Sales Trends 2024
Synopsis
Maritime satellite is a communications satellite for radio communication between sea and land.
The global Maritime Satellite Communication market size is expected to reach US$ 3680.3 million by 2029, growing at a CAGR of 7.1% from 2023 to 2029. The market is mainly driven by the significant applications of Maritime Satellite Communication in various end use industries. The expanding demands from the Merchant Shipping, Fishing, Passenger Ship and Leisure Vessels, are propelling Maritime Satellite Communication market. Very Small Aperture Terminal (VSAT), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Mobile Satellite Services (MSS) segment is estimated at % CAGR for the next seven-year period.
The Global Mobile Economy Development Report 2023 released by GSMA Intelligence pointed out that by the end of 2022, the number of global mobile users would exceed 5.4 billion. The mobile ecosystem supports 16 million jobs directly and 12 million jobs indirectly.
According to our Communications Research Centre, in 2022, the global communication equipment was valued at US$ 100 billion. The U.S. and China are powerhouses in the manufacture of communications equipment. According to data from the Ministry of Industry and Information Technology of China, the cumulative revenue of telecommunications services in 2022 was ¥1.58 trillion, an increase of 8% over the previous year. The total amount of telecommunications business calculated at the price of the previous year reached ¥1.75 trillion, a year-on-year increase of 21.3%. In the same year, the fixed Internet broadband access business revenue was ¥240.2 billion, an increase of 7.1% over the previous year, and its proportion in the telecommunications business revenue decreased from 15.3% in the previous year to 15.2%, driving the telecommunications business revenue to increase by 1.1 percentage points.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Maritime Satellite Communication, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Maritime Satellite Communication market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Maritime Satellite Communication market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Maritime Satellite Communication sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Maritime Satellite Communication covered in this report include Inmarsat, Iridium Communications, Thuraya Telecommunications, Hughes Network Systems, Kvh Industries, Viasat, Speedcast, Royal Imtech and Globecomm Systems, etc.
The global Maritime Satellite Communication market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Inmarsat
Iridium Communications
Thuraya Telecommunications
Hughes Network Systems
Kvh Industries
Viasat
Speedcast
Royal Imtech
Globecomm Systems
Global Maritime Satellite Communication market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Maritime Satellite Communication market, Segment by Type:
Very Small Aperture Terminal (VSAT)
Mobile Satellite Services (MSS)
Global Maritime Satellite Communication market, by Application
Merchant Shipping
Fishing
Passenger Ship
Leisure Vessels
Offshore
Government
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Maritime Satellite Communication manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Maritime Satellite Communication in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Maritime satellite is a communications satellite for radio communication between sea and land.
The global Maritime Satellite Communication market size is expected to reach US$ 3680.3 million by 2029, growing at a CAGR of 7.1% from 2023 to 2029. The market is mainly driven by the significant applications of Maritime Satellite Communication in various end use industries. The expanding demands from the Merchant Shipping, Fishing, Passenger Ship and Leisure Vessels, are propelling Maritime Satellite Communication market. Very Small Aperture Terminal (VSAT), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Mobile Satellite Services (MSS) segment is estimated at % CAGR for the next seven-year period.
The Global Mobile Economy Development Report 2023 released by GSMA Intelligence pointed out that by the end of 2022, the number of global mobile users would exceed 5.4 billion. The mobile ecosystem supports 16 million jobs directly and 12 million jobs indirectly.
According to our Communications Research Centre, in 2022, the global communication equipment was valued at US$ 100 billion. The U.S. and China are powerhouses in the manufacture of communications equipment. According to data from the Ministry of Industry and Information Technology of China, the cumulative revenue of telecommunications services in 2022 was ¥1.58 trillion, an increase of 8% over the previous year. The total amount of telecommunications business calculated at the price of the previous year reached ¥1.75 trillion, a year-on-year increase of 21.3%. In the same year, the fixed Internet broadband access business revenue was ¥240.2 billion, an increase of 7.1% over the previous year, and its proportion in the telecommunications business revenue decreased from 15.3% in the previous year to 15.2%, driving the telecommunications business revenue to increase by 1.1 percentage points.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Maritime Satellite Communication, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Maritime Satellite Communication market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Maritime Satellite Communication market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Maritime Satellite Communication sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Maritime Satellite Communication covered in this report include Inmarsat, Iridium Communications, Thuraya Telecommunications, Hughes Network Systems, Kvh Industries, Viasat, Speedcast, Royal Imtech and Globecomm Systems, etc.
The global Maritime Satellite Communication market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Inmarsat
Iridium Communications
Thuraya Telecommunications
Hughes Network Systems
Kvh Industries
Viasat
Speedcast
Royal Imtech
Globecomm Systems
Global Maritime Satellite Communication market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Maritime Satellite Communication market, Segment by Type:
Very Small Aperture Terminal (VSAT)
Mobile Satellite Services (MSS)
Global Maritime Satellite Communication market, by Application
Merchant Shipping
Fishing
Passenger Ship
Leisure Vessels
Offshore
Government
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Maritime Satellite Communication manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Maritime Satellite Communication in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Maritime Satellite Communication Market Overview
1.1 Maritime Satellite Communication Product Overview
1.2 Maritime Satellite Communication Market Segment by Type
1.2.1 Very Small Aperture Terminal (VSAT)
1.2.2 Mobile Satellite Services (MSS)
1.3 Global Maritime Satellite Communication Market Size by Type
1.3.1 Global Maritime Satellite Communication Market Size Overview by Type (2018-2029)
1.3.2 Global Maritime Satellite Communication Historic Market Size Review by Type (2018-2023)
1.3.3 Global Maritime Satellite Communication Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Maritime Satellite Communication Sales Breakdown by Type (2018-2023)
1.4.2 Europe Maritime Satellite Communication Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Maritime Satellite Communication Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Maritime Satellite Communication Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Maritime Satellite Communication Sales Breakdown by Type (2018-2023)
2 Global Maritime Satellite Communication Market Competition by Company
2.1 Global Top Players by Maritime Satellite Communication Sales (2018-2023)
2.2 Global Top Players by Maritime Satellite Communication Revenue (2018-2023)
2.3 Global Top Players by Maritime Satellite Communication Price (2018-2023)
2.4 Global Top Manufacturers Maritime Satellite Communication Manufacturing Base Distribution, Sales Area, Product Type
2.5 Maritime Satellite Communication Market Competitive Situation and Trends
2.5.1 Maritime Satellite Communication Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Maritime Satellite Communication Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Maritime Satellite Communication as of 2022)
2.7 Date of Key Manufacturers Enter into Maritime Satellite Communication Market
2.8 Key Manufacturers Maritime Satellite Communication Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Maritime Satellite Communication Status and Outlook by Region
3.1 Global Maritime Satellite Communication Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Maritime Satellite Communication Historic Market Size by Region
3.2.1 Global Maritime Satellite Communication Sales in Volume by Region (2018-2023)
3.2.2 Global Maritime Satellite Communication Sales in Value by Region (2018-2023)
3.2.3 Global Maritime Satellite Communication Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Maritime Satellite Communication Forecasted Market Size by Region
3.3.1 Global Maritime Satellite Communication Sales in Volume by Region (2024-2029)
3.3.2 Global Maritime Satellite Communication Sales in Value by Region (2024-2029)
3.3.3 Global Maritime Satellite Communication Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Maritime Satellite Communication by Application
4.1 Maritime Satellite Communication Market Segment by Application
4.1.1 Merchant Shipping
4.1.2 Fishing
4.1.3 Passenger Ship
4.1.4 Leisure Vessels
4.1.5 Offshore
4.1.6 Government
4.2 Global Maritime Satellite Communication Market Size by Application
4.2.1 Global Maritime Satellite Communication Market Size Overview by Application (2018-2029)
4.2.2 Global Maritime Satellite Communication Historic Market Size Review by Application (2018-2023)
4.2.3 Global Maritime Satellite Communication Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Maritime Satellite Communication Sales Breakdown by Application (2018-2023)
4.3.2 Europe Maritime Satellite Communication Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Maritime Satellite Communication Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Maritime Satellite Communication Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Maritime Satellite Communication Sales Breakdown by Application (2018-2023)
5 North America Maritime Satellite Communication by Country
5.1 North America Maritime Satellite Communication Historic Market Size by Country
5.1.1 North America Maritime Satellite Communication Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Maritime Satellite Communication Sales in Volume by Country (2018-2023)
5.1.3 North America Maritime Satellite Communication Sales in Value by Country (2018-2023)
5.2 North America Maritime Satellite Communication Forecasted Market Size by Country
5.2.1 North America Maritime Satellite Communication Sales in Volume by Country (2024-2029)
5.2.2 North America Maritime Satellite Communication Sales in Value by Country (2024-2029)
6 Europe Maritime Satellite Communication by Country
6.1 Europe Maritime Satellite Communication Historic Market Size by Country
6.1.1 Europe Maritime Satellite Communication Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Maritime Satellite Communication Sales in Volume by Country (2018-2023)
6.1.3 Europe Maritime Satellite Communication Sales in Value by Country (2018-2023)
6.2 Europe Maritime Satellite Communication Forecasted Market Size by Country
6.2.1 Europe Maritime Satellite Communication Sales in Volume by Country (2024-2029)
6.2.2 Europe Maritime Satellite Communication Sales in Value by Country (2024-2029)
7 Asia-Pacific Maritime Satellite Communication by Region
7.1 Asia-Pacific Maritime Satellite Communication Historic Market Size by Region
7.1.1 Asia-Pacific Maritime Satellite Communication Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Maritime Satellite Communication Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Maritime Satellite Communication Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Maritime Satellite Communication Forecasted Market Size by Region
7.2.1 Asia-Pacific Maritime Satellite Communication Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Maritime Satellite Communication Sales in Value by Region (2024-2029)
8 Latin America Maritime Satellite Communication by Country
8.1 Latin America Maritime Satellite Communication Historic Market Size by Country
8.1.1 Latin America Maritime Satellite Communication Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Maritime Satellite Communication Sales in Volume by Country (2018-2023)
8.1.3 Latin America Maritime Satellite Communication Sales in Value by Country (2018-2023)
8.2 Latin America Maritime Satellite Communication Forecasted Market Size by Country
8.2.1 Latin America Maritime Satellite Communication Sales in Volume by Country (2024-2029)
8.2.2 Latin America Maritime Satellite Communication Sales in Value by Country (2024-2029)
9 Middle East and Africa Maritime Satellite Communication by Country
9.1 Middle East and Africa Maritime Satellite Communication Historic Market Size by Country
9.1.1 Middle East and Africa Maritime Satellite Communication Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Maritime Satellite Communication Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Maritime Satellite Communication Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Maritime Satellite Communication Forecasted Market Size by Country
9.2.1 Middle East and Africa Maritime Satellite Communication Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Maritime Satellite Communication Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Inmarsat
10.1.1 Inmarsat Company Information
10.1.2 Inmarsat Introduction and Business Overview
10.1.3 Inmarsat Maritime Satellite Communication Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Inmarsat Maritime Satellite Communication Products Offered
10.1.5 Inmarsat Recent Development
10.2 Iridium Communications
10.2.1 Iridium Communications Company Information
10.2.2 Iridium Communications Introduction and Business Overview
10.2.3 Iridium Communications Maritime Satellite Communication Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Iridium Communications Maritime Satellite Communication Products Offered
10.2.5 Iridium Communications Recent Development
10.3 Thuraya Telecommunications
10.3.1 Thuraya Telecommunications Company Information
10.3.2 Thuraya Telecommunications Introduction and Business Overview
10.3.3 Thuraya Telecommunications Maritime Satellite Communication Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Thuraya Telecommunications Maritime Satellite Communication Products Offered
10.3.5 Thuraya Telecommunications Recent Development
10.4 Hughes Network Systems
10.4.1 Hughes Network Systems Company Information
10.4.2 Hughes Network Systems Introduction and Business Overview
10.4.3 Hughes Network Systems Maritime Satellite Communication Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Hughes Network Systems Maritime Satellite Communication Products Offered
10.4.5 Hughes Network Systems Recent Development
10.5 Kvh Industries
10.5.1 Kvh Industries Company Information
10.5.2 Kvh Industries Introduction and Business Overview
10.5.3 Kvh Industries Maritime Satellite Communication Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Kvh Industries Maritime Satellite Communication Products Offered
10.5.5 Kvh Industries Recent Development
10.6 Viasat
10.6.1 Viasat Company Information
10.6.2 Viasat Introduction and Business Overview
10.6.3 Viasat Maritime Satellite Communication Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Viasat Maritime Satellite Communication Products Offered
10.6.5 Viasat Recent Development
10.7 Speedcast
10.7.1 Speedcast Company Information
10.7.2 Speedcast Introduction and Business Overview
10.7.3 Speedcast Maritime Satellite Communication Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Speedcast Maritime Satellite Communication Products Offered
10.7.5 Speedcast Recent Development
10.8 Royal Imtech
10.8.1 Royal Imtech Company Information
10.8.2 Royal Imtech Introduction and Business Overview
10.8.3 Royal Imtech Maritime Satellite Communication Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Royal Imtech Maritime Satellite Communication Products Offered
10.8.5 Royal Imtech Recent Development
10.9 Globecomm Systems
10.9.1 Globecomm Systems Company Information
10.9.2 Globecomm Systems Introduction and Business Overview
10.9.3 Globecomm Systems Maritime Satellite Communication Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Globecomm Systems Maritime Satellite Communication Products Offered
10.9.5 Globecomm Systems Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Maritime Satellite Communication Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Maritime Satellite Communication Industrial Chain Analysis
11.4 Maritime Satellite Communication Market Dynamics
11.4.1 Maritime Satellite Communication Industry Trends
11.4.2 Maritime Satellite Communication Market Drivers
11.4.3 Maritime Satellite Communication Market Challenges
11.4.4 Maritime Satellite Communication Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Maritime Satellite Communication Distributors
12.3 Maritime Satellite Communication Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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