Maritime VSAT Market Overview
The Maritime Very Small Aperture Terminal serves as a ground station for the satellite, allowing it to broadcast and collect data from vessels with a diameter of fewer than 3.8 meters. It can also be used as a seagoing vessel. VSAT has an inside modem and an outside unit that transmits and receives signals. The primary goal of marine VSAT is to provide high-speed transmission reliability. In the future years, the maritime VSAT market will experience significant expansion.
The expansion of the maritime VSAT market is aided by several factors. The Maritime VSAT Market application provides safety and communication. It also offers file distribution, internet access, database access, and other services, and is one of the market's primary drivers. Additionally, one of the market's driving forces is the upgrade of current communication systems. Traditional technology had its limitations, and it lacked numerous functions such as VSAT. As a result, the need for high-speed broadband as well as the adoption of real-time tracking is a driving force in this market. The maritime VSAT market will benefit from advances in technology such as an auto-stabilized ground terminal, sturdy and resistant materials, multi-frequency antennas, and high-speed modems. In addition, the increased availability of Ku-band satellite services for VSAT will increase demand for the higher bandwidth connection. Additionally, the lower-cost bandwidth will create income potential in the maritime VSAT market.
The cybersecurity breaches and connection issues connected with the VSAT system are two main limitations on the growth of the maritime VSAT market. It's a huge worry since criminals can gain access to sensitive data through the system.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Application, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | KVH Industries, Inc., OmniAccess SL, SageNet Inc., Raytheon Company, Comtech Telecommunications Corp., EchoStar Corporation, EMC, Inmarsat Group Limited, Speedcast International Limited, TelespazioSpA, Viasat Inc., VT iDirect, Inc. |
Covid-19 Impact on Maritime VSAT Market
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Maritime VSAT Market Segment Overview
According to Type, KU-Band is one of the most prominent segments in the global Maritime VSAT market. The KU-band is predicted to increase at the fastest rate, with the highest CAGR. On ships and yachts, the KU-band is the most widely utilized VSAT technology. The KU band has a large bandwidth, which is why it is less expensive than the other bands. It also has a strong signal that can reach large areas of deep water. The global marine VSAT market is divided into two categories based on application: military & naval and civil & commercial. The VSAT system is widely employed in each of these industries for a variety of applications.
Maritime VSAT Market, By Type
· KU-band
· L-Band
· C-band
· High throughput satellite
Maritime VSAT Market, By Application
· Military & defense
· Civil & commercial
Maritime VSAT Market Regional Overview
The key regions in the maritime VSAT market are North America, South America, Asia Pacific, Europe, and the Middle East, and Africa. Among these regions, North America is anticipated to hold the highest share in the Maritime VSAT market. The maritime VSAT global market is projected to grow at a higher CAGR in the forecast period owing to the speedy growth of the shipping industry. Furthermore, the government supports the maritime transportation system, growing the market demand in this region. Additionally, the market in the Asia Pacific region will also grow faster owing to the presence of solid market key players and augmented transportation activities.
Maritime VSAT Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Maritime VSAT Market, Key Players
· KVH Industries, Inc.
· OmniAccess SL
· SageNet Inc.
· Raytheon Company
· Comtech Telecommunications Corp.
· EchoStar Corporation
· EMC
· Inmarsat Group Limited
· Speedcast International Limited
· TelespazioSpA
· Viasat Inc.
· VT iDirect, Inc.
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Maritime VSAT market?
Traditional technology had its limitations, and it lacked numerous functions such as VSAT. As a result, the need for high-speed broadband as well as the adoption of real-time tracking is a driving force in this market.
Q2. What are the restraining factors for the Maritime VSAT market?
The cybersecurity breaches and connection issues connected with the VSAT system are two main limitations on the growth of the maritime VSAT market
Q3. Which segment is projected to hold the largest share in the Maritime VSAT Market?
The KU-Band segment is projected to hold the largest share in the Maritime VSAT Market
Q4. Which region holds the largest share in the Maritime VSAT market?
North America held the largest share in the global Maritime VSAT market.
Q5. Which are the prominent players in the Maritime VSAT Market?
KVH Industries, Inc., OmniAccess SL, SageNet Inc., Raytheon Company, Comtech Telecommunications Corp., EchoStar Corporation, EMC, Inmarsat Group Limited, Speedcast International Limited, TelespazioSpA, Viasat Inc., VT iDirect, Inc. are some key players in the Maritime VSAT Market
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Maritime VSAT Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. KU-band
- 5.2.2. L-Band
- 5.2.3. C-band
- 5.2.4. High throughput satellite
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Military & defense
- 5.3.2. Civil & commercial
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Maritime VSAT Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. KU-band
- 6.2.2. L-Band
- 6.2.3. C-band
- 6.2.4. High throughput satellite
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Military & defense
- 6.3.2. Civil & commercial
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Maritime VSAT Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. KU-band
- 7.2.2. L-Band
- 7.2.3. C-band
- 7.2.4. High throughput satellite
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Military & defense
- 7.3.2. Civil & commercial
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Maritime VSAT Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. KU-band
- 8.2.2. L-Band
- 8.2.3. C-band
- 8.2.4. High throughput satellite
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Military & defense
- 8.3.2. Civil & commercial
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Maritime VSAT Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. KU-band
- 9.2.2. L-Band
- 9.2.3. C-band
- 9.2.4. High throughput satellite
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Military & defense
- 9.3.2. Civil & commercial
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. KVH Industries, Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. OmniAccess SL
- 10.6. SageNet Inc.
- 10.7. Raytheon Company
- 10.8. Comtech Telecommunications Corp.
- 10.9. EchoStar Corporation
- 10.10. EMC
- 10.11. Inmarsat Group Limited
- 10.12. Speedcast International Limited
- 10.13. TelespazioSpA
- 10.14. Viasat Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
