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(CityRegions.Com, August 05, 2017 ) According to StratisticsMRC, the Global Maritime Satellite Communication market is estimated at $2.25 billion in 2015 and is expected to reach $4.41 billion by 2022 growing at a CAGR of 10.1% from 2015 to 2022. Increasing need for enhanced data communication and extensive use of maritime satellite communication are the factors propelling the market growth. However, low awareness among users and huge infrastructure cost to support satellite communication are hampering the market. Bridging satellite and cellular communication technology is the opportunity for market growth.
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By Service, video communication is expected to show healthy growth to reach highest CAGR during forecast period attributed to increasing usage of HD TVs, video conferences and more. Passenger ships are expected to move at highest CAGR in end user segment owing to increase in ship travellers across the globe. Europe accounted for huge market share in maritime satellite communication market due to high demand. While, Asia Pacific is expected to be fastest growing region during forecast period, because of low rate of adoption in this region.
Some of the key players in the market include Hughes Network Systems LLC, Globecomm Systems Inc., Harris Caprock Communications, Inc., Iridium Communications, Inc., Navarino, Inmarsat PLC., MTN, Thuraya Telecommunications Company, KVH Industries, Inc., VT Idirect, Inc., Network Innovation, Viasat, Speedcast, Royal Imtech N.V. and Nsslglobal.
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Services Covered:
Tracking & Monitoring
Voice
Data
Video
Types Covered:
Mobile Satellite Service (MSS)
Very Small Aperture Terminal (VSAT)
Band
Ka-Band
Ku-Band
End Users Covered:
Passenger Ships
Naval Forces
Government
Fishing
Coastal Security Services
Merchant Shipping
Leisure Vessels
Shipping Vessels
Offshore
Other End Users
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
Franceo Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt
What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
List Of Tables:
1 Global Maritime satellite communication Market Outlook, By Region
2 Global Maritime satellite communication Market Outlook, By Service
3 Global Maritime satellite communication Market Outlook, By Tracking & Monitoring
4 Global Maritime satellite communication Market Outlook, By Voice
5 Global Maritime satellite communication Market Outlook, By Data
6 Global Maritime satellite communication Market Outlook, By Video
7 Global Maritime satellite communication Market Outlook, By Type
8 Global Maritime satellite communication Market Outlook, By Mobile Satellite Service (MSS)
9 Global Maritime satellite communication Market Outlook, By Very Small Aperture Terminal (VSAT)
10 Global Maritime satellite communication Market Outlook, By C-Band
11 Global Maritime satellite communication Market Outlook, By Ka-Band
12 Global Maritime satellite communication Market Outlook, By Ku-Band
13 Global Maritime satellite communication Market Outlook, By End User
14 Global Maritime satellite communication Market Outlook, By Passenger Ships
15 Global Maritime satellite communication Market Outlook, By Naval Forces
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