Maritime Satellite communication Market Will Escalate By 2020

2015

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A survey report by markets and markets have issued a “Maritime Satellite Communication Market by Type (VSAT, MSS), Service (Voice, Video, Data, Tracking & Monitoring), End User (Merchant Shipping, Fishing, Passenger Ship, Leisure Vessels, Offshore, Government, Others) and by Region – Global Forecast for 2020”.

Highlights of the forecast:

  • The global maritime satellite communication market size is estimated to grow from USD 2.01 Billion in 2015 to USD 3.10 Billion by 2020.
  • CAGR is expected to be 9.0% from 2015 to 2020.
  • The forecast has ascertained the need for enriched data communication  to drive the global market focussing on areas such as:
    •  operational efficiency,
    • security & surveillance, and
    • employee/passenger welfare.
  • Estimating the market size and future growth potential of market is one of the main course of the study.
  • The market potential is identified under various segments such as types, services, end users, and regions.
  • The market is reflecting a rapid shift from MSS to VSAT operating specifically in C-Band, Ka-Band, and Ku-Band

The process of survey:

  • The survey was conducted in top down approach and bottom up approach.
  • Primary interviews were conducted with market experts, including CEOs, VPs, directors, and executives of the top market players.
  • Data triangulation and breakdown procedure were applied to arrive at the overall statistics.
  • Primary research revealed the market dynamics.

Maritime Satellite Communication Market

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Source: MarketsandMarkets

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