March 14, 2018

Prospects for Maritime Satellite Communications Report 2018 – Sector Dynamics, Analysis and Forecasts for the Maritime Satcom Market –

for Maritime Satellite Communications”
report has been added to’s

Prospects for Maritime Satellite Communications provides an in-depth
view of the sector dynamics, analysis and forecasts for the maritime
satcom market. Five comprehensive sections give a detailed analysis of
trends and prospects within the major addressable maritime market
segments, including merchant shipping, fishing, passenger ships, leisure
vessels, and offshore.

Satellite connectivity in the maritime market will face booming
bandwidth requirements coming not only from bandwidth-hungry passengers
and crew but also from the overall development of smart applications.

The total number of terminals used by the maritime satellite
communications market experienced limited growth in 2017, with an
increase of 0.7% year-over-year. However the VSAT market scored 18.8%
growth in 2017, exceeding 23,000 terminals. Meanwhile the number of MSS
terminals decreased by 0.4%, reaching 314,300 terminals. VSAT technology
is starting to be taken up by the medium and small vessels market and
this is gaining traction as operators are increasingly willing to
migrate from MSS to VSAT solutions.

Increased demand from passengers (especially in the cruise and leisure
segment), regulatory incentives on safety communications, crew and
passenger appetite for enriched content, and newly developed concepts
related to smart shipping are some of the major factors pushing maritime
operators to install the latest generation of satellite systems on their
vessels. Autonomous shipping, performance monitoring, fleet management
and cyber-secure applications, brought by an increasing number of
IoT-connected and sensing devices, will drive capacity demand in the
next decade. For the maritime market, if all satellites are launched as
planned, the total available HTS satellite capacity over oceanic regions
will grow almost 10-fold from 2017 to 2020, to cater to the ever-growing
demand. The hardware, such as receiving antennas and modems, is also
evolving rapidly; smaller, lighter, and more efficient antenna systems
are gaining tracting as the industry continues to evolve.

It is forecasted that the maritime satcom market (both MSS and VSAT)
will grow to more than 500,000 terminals in 2027 as compared to 337,300
terminals in 2017. Total revenue for satellite operators should grow
from $953 million in 2017 to $1.6 billion by 2027, a 10-year CAGR of
5.2%. The revenue for maritime service providers is estimated to grow
from $1.8 billion in 2017 to $2.9 billion in 2027 with a 10-year CAGR of

Consolidation in the past several years has enabled leading VSAT service
providers to gain market share and the five largest companies hold 90%
of the market. Competitive pressure is increasing; the development of
new VSAT terminal installation facilities and the democratization of the
technology are lowering entry barriers for regional service providers,
especially in the Asian and Middle East markets. Still, greater
competition combined with the need to improve profit margins and
leverage economies of scale will favor further integration and
consolidation in the value chain.

Key Topics Covered

1. Strategic Issues & Forecasts

2. Market Dynamics & Value Chain

3. Merchant Shipping

4. Passenger Ships

5. Leisure Vessels

6. Fishing Market

7. Offshore Market

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