Market Overview

Global Maritime Satellite Communication Market Is Expected To Be Worth USD 2.43 Billion In 2022 And Reached USD 4.74 Billion In 2030 AND To Grow At A Rate Of 8.9% Per Year During The Forecast Period 2022-2030.

The growth is being driven by the rising need for reliable and inexpensive communication services at sea. Also, more people will use it to find their way around, which is expected to boost sales. Companies like iridium Communications Inc. and Inmarsat Global Limited, which make important ship communication equipment, are spending a lot of money to make new, cheap equipment. Also, this is thought to help the growth.

Communication equipment on ships is now common for both short and long trips. Reliable communication is now an important part of all types of marine transportation, including pleasure boats, mega yachts, industrial fishing, and other naval transport. Only the offshore places have cell phone service, and it only works within a certain range. A satellite network is used to fix communication problems and offer services that are more affordable than land-based communications.

In the past, ships talked to people on land and other ships through satellite networks. Satellite transmission isn't just used for voice calls anymore. It also offers features like tracking, monitoring, and entertainment. This equipment is now everywhere because it can be used for so many things, like DTH broadcasting, voice calls, weather forecasts, navigation, and so on.

On ships, the receiver, emitter or transponder, transceiver, antenna, modem/router, and satellite phone are the most important communication tools. This gear is also used to keep track of the weather and to navigate by air and sea. More and more, marine satellite communications are important, but most methods that work on land don't work at sea. Through constant study and development, antennas are getting smaller and the rate at which data is transferred is getting faster. This cuts down on the wait time. This is a good thing that is making the market grow.

Navy defense troops use marine satellite communication equipment to watch the sky, send and receive distress calls, and help with navigation. Demand is also expected to rise over the next few years because more money will be spent in different parts of the world to update old naval fleet systems. To avoid problems like pirate activities, wars between countries, and people sneaking across borders, the Defense and Security sector needs to keep contact lines open and not let any time pass between messages. Because of this, marine satellite communication is getting more attention from coast guards, military forces, and other security groups.

Market Dynamics

Drivers: There should be further advances in technology and cheaper methods to utilize it
New tools are driving the growth of the maritime market. High-Throughput Satellites (HTS) with Ku-band bands are being sold. Fast, technology keeps getting better and better. Some of these improvements are gyro-stabilized ground terminals, high-speed broadband modems, multi-frequency dish antennas, and an all-plastic design that would be more resistant to harsh conditions abroad. The oil and gas industry has been using C-band services, but the shipping and marine industry has been using Ku-band more because it fits their needs better.

Increasing demand for high-speed internet connections is a big reason why the maritime satellite industry is growing
Market for information. With the rise of technology in the maritime business, it has become more important to be able to communicate and send data quickly and reliably. The high demand for these services is since maritime satellite communication is safe and fast.

One of the best things about maritime satellite communication is that it lets ships in remote places that are far from land-based communication infrastructure get high-speed broadband connections. This is important for ships that go out into the open ocean, where there is little or no cell phone or land service.

Maritime satellite communication services also work well when the weather is bad, which can make it hard for other types of contact to work. This is important to make sure that ships can talk to each other and get real-time reports on the weather and other important information.

Restraints: Advanced maritime satellite services are not well known.
There are many kinds of y communication services on the marine satellite communication market. Most of these services are given by frequency-based satellite communication services in the L-band, Ku-band, and Ka-band bands, which make it possible for people all over the world to talk to each other. Satellite services make it possible to talk on the phone and send and receive data while at sea. When picking the type of communication band and services for a ship, its route and operating area are two of the most important things to think about. But customers don't understand how the frequency bands used in satellite communications work on a scientific level, so they may choose the wrong frequency bands, which can hurt productivity.

Opportunity: More and more people use VSAT connections and broadband services
As more satellite services offer Ku-band or Ka-band for VSAT, there is more desire for broadband connections and more bandwidth. Crew welfare, seafarers and passengers taking their own devices on ships, and the growing need to process and analyze operational data are all factors that are driving up demand. The price of satellite capacity is going down, which is making broadband VSAT more common. As satellite providers add more space for maritime markets, the need for data keeps going up. Because of this, end users in all markets, such as merchant, passenger, offshore (oil and gas), and fishing, want VSAT links more. This is because the price of broadband is going down because there is more of it.

Using tools that run in the cloud
Cloud-based options are being used more and more in the maritime satellite communication market. Cloud-based solutions have many perks, such as being scalable, flexible, and affordable. In this part, we'll talk more about how cloud-based solutions are being used in the maritime satellite communication market.

When we talk about cloud-based solutions in marine satellite communication, we're talking about how cloud computing is used to give ships communication services. In this model, data and programs are kept on remote servers that can be viewed over the internet. This means that ships no longer need their own gear and software infrastructure, which cuts costs and makes it easier to grow.

Scalability is one of the best things about cloud-based options for satellite communication on ships. Cloud-based solutions are made to grow or shrink depending on how many people want to use them. This means that service providers can quickly change their capacity to meet the needs of their customers without having to buy expensive hardware and equipment.

Challenge: Satellite communication isn't stable or flexible
Service providers would need even more capacity, coverage, speed, and flexibility to meet the changing needs of the entire maritime sector, where end users have very different communication needs. Also, they must be able to quickly grow networks to meet customer wants. As more technologies are added to maritime satellite, it's getting harder for customers to use satellite options. When the weather is bad, communication tools and services do not work as well because maritime satellite providers don't always offer reliable ways to talk. So, it is hard for companies that offer satellite communication services to keep their customers in touch no matter what the weather is like.

Major market Segments Covered

On the basis of Type
Very Small Aperture Terminal (VSAT) got a bigger share of the market in 2018 and is predicted to grow a lot over the next few years. This is because VSAT is better than Mobile Satellite Services (MSS) in a lot of ways, like being able to cover the whole world and having less time lag. A Broadband VSAT network is used to connect ships to land and set up VPN networks on ships that cover whole groups. This link helps important business apps work, moves VoIP traffic, and gives ships better access to information. VSAT gives regular access to the Internet, which can be used for things like sending and receiving emails, sharing files, and chatting in real time. People can also use as much data as they want for a set monthly fee with VSAT. This lets the crew stay in touch with friends and family, take care of personal business, and enjoy entertainment at a fair pace.

Even though the market is definitely moving toward a time when marine connectivity is better, study shows that MSS will still be used on ships and platforms where data usage is low. For example, fishing boats are likely to use the MSS equipment they already have and adopt VSAT options more slowly in the coming years. Also, if the Arctic Circle shrinks again to make northern shipping paths possible, MSS L-band will be the only way to connect to the internet via satellite in such remote places. L-band is also very reliable and works better in bad weather than some VSAT options. It will be used as a backup for many years because of this. This is because when it rains or there are other bad weather conditions on the water, the frequency of VSAT makes the signal weaker.

On the basis of End User
In 2018, more than $1.3 billion was made from the commercial vessel market. This was because China, Brazil, India, and other key developing countries were using commercial ships for more and more trade. The international shipping business handles about 90% of all trade in the world. Maritime trade is still growing, which is good for people all over the world because it makes logistics prices more competitive. More ships have been added to the fleet as manufacturing and world trade have grown. As the number of ships and naval vessels goes up over the next few years, the market is expected to grow.

Changes in globalization, trade policy, and geopolitics, like China's rise as a manufacturing hub, are making maritime trade in the Asia-Pacific area grow. In 2017, marine trade grew by 4%, according to the UNCTAD marine Transport outlook for 2018. In the last five years, this is the fastest growth. In the years to come, it is expected to keep growing at the same rate. In 2018, the volume of all groups went up, but dry bulk and containerized goods did best because the number of tankers went up. UNCTAD said that until 2023, the total amount would grow by 3.8% each year. Over the next few years, the market is likely to grow because of the rise in global trade and the growth of the marine fleet to meet the demand for logistics.

On the basis of Revenue Source
In 2018, more than 30% of the market's income came from the hardware segment, and this trend is likely to continue over the next few years. Hardware parts are very expensive and are used a lot. During the time period predicted, this high cost is expected to help bring in more money. As more VSAT broadband technology is added to both new and old marine vessel fleets, the market is likely to grow even more. New technologies, like the smaller size of the dish and the lower cost of using data, are expected to increase the demand for VSAT services over MSS services.

The software segment is projected to grow at a moderate rate over the next few years. This is because there are many kinds of software that are made just for marine vessels and their wants and goals. For example, tracking and predicting satellites, models and graphical interfaces, radio tuning with automatic Doppler correction, antenna steering through popular interfaces, navigational and entertainment software. On defense ships, cruise ships, luxury yachts, and other ships, marine satellite transmission equipment is likely to be used more and more.

Regional Insights

Geographically The Maritime Satellite Communication Market has been broken down into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. (MEA).


During the time frame of the forecast, the biggest market will be in APAC. Due to high demand, many countries in the APAC region are likely to use maritime satellite communication options, especially in the oil and gas, merchant shipping, mining, and passenger shipping verticals. A lot of maritime satellite communication options are used in the APAC area. Maritime satellite technology has been used in this area to set up advanced communication networks so that workers, like crews working in remote offshore locations, can talk to each other. Now, a lot of modern maritime satellite communication services are used by end users like offshore vessels, merchant shipping, and the government.

Competitive Analysis

Strategic alliances to make the market more competitive
The Maritime Satellite Communication Market's competitive landscape shows details about each company that is in the market. Details like company overview, financials, revenue, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and depth, and applications that dominate are all included. Only what the companies are focused on in the Maritime Satellite Communication Market is mentioned above.

Some of the biggest companies in the Maritime Satellite Communication Market are Inmarsat Global Limited, Iridium Communications Inc., Leonardo S.p.A., Thuraya Telecommunications Company, ViaSat Inc., Orbcomm Inc., KVH Industries, Inc., Singapore Technologies Engineering Ltd, EchoStar Corporation, Kongsberg Maritime AS, and Saab ABRohde & Schwarz GMBH.

Scope Of Report

Key Vendors

• Inmarsat Global Limited
• Iridium Communications Inc.
• Leonardo S.p.A.
• Thuraya Telecommunications Company
• ViaSat Inc.
• Orbcomm Inc.
• KVH Industries, Inc.
• Singapore Technologies Engineering Ltd
• EchoStar Corporation
• Kongsberg Maritime AS
• Saab ABRohde & Schwarz GMBH.

1. Inmarsat Global Limited
Inmarsat is on the cutting edge of new ideas. They invest in new capabilities and space technology to make sure they can meet the needs of our global mobility, government, and IoT users now and in the future.

They are the world leader in global mobile satellite communications. For more than 40 years, their networks have been connecting people, groups, and places all over the world.

Their fully funded and visionary technology roadmap, which includes seven satellite launches by 2024, a ground network growth like no other, and a customer-focused product strategy, will allow new services in new places to continue to truly connect the world.

2. Iridium Communications Inc.
In a world where global communication is becoming more important, only one company can connect everyone from pole to pole to the things that mean most. Iridium Communications Inc. is the only business that offers mobile satellite service (MSS) coverage from pole to pole around the whole world. The Iridium constellation of low-Earth-orbiting (LEO) satellites that talk to each other offers voice and data services to places that don't have access to terrestrial networks. Iridium's rise in subscribers has been driven by the growing need for safe, reliable, global communications. Iridium works with hundreds of partners all over the world to serve commercial markets. It also works with the U.S. Department of Defense and other U.S. and foreign government agencies.

3. Leonardo S.p.A.
Leonardo is a high-tech company that works all over the world in Aerospace, Defense, and Security. They get ideas from Leonardo da Vinci, who is a well-known sign of creativity and new ideas. Their new name comes from the way they streamlined their business by combining the work of AgustaWestland, Alenia Aermacchi, OTO Melara, Selex ES, and WASS into one company.

Leonardo is based in Italy and has more than 50,000 workers. The company has offices and factories in 15 countries on five continents. It has a strong industrial footprint in four main markets: Italy, the UK, the US, and Poland. It also has a large network of strategic partnerships in the world's most important high-potential markets.

Leonardo gives a wide range of defense and security solutions to governments, institutions, and private citizens. These solutions cover every possible intervention scenario, including those in the air, on land, at sea, in space, and on the Internet. They work closely with local customers and partners to improve global security, give people, regions, and infrastructure networks the physical protection and cybersecurity services they need, and support scientific and technological research.

4. Thuraya Telecommunications Company
Al Yah Satellite Communications Company PJSC (Yahsat), which is based in the UAE and is a public company listed on the Abu Dhabi Securities Exchange (ADX) and a subsidiary of Mubadala Investment business PJSC, owns Thuraya. Thuraya is a mobile satellite services business. Yahsat started building Thuraya 4-NGS, the next generation of a communications system, in 2020. It is expected to start working in 2024. Thuraya was

founded in 1997 and offers new ways to communicate to many different industries, such as energy, government, public media, maritime, military, aerospace, and humanitarian NGO. Thuraya's network is better than most, so it can cover two-thirds of the world with MSS, almost the whole world with VSAT, and the whole world with its unique GSM roaming powers. The company makes a wide range of mobile satellite phones and broadband gadgets that are easy to use, affordable, of good quality, and work well. Thuraya stays ahead of the competition by working with the right partners to provide solutions and applications that meet the needs of a market that changes quickly. Thuraya is still committed to making sure that everyone is always reachable, no matter what, by giving everyone the tools they need to stay in touch.

5. ViaSat Inc.
Viasat is a world communications company that wants to connect everyone and everything. Viasat's innovations have changed how people, companies, governments, and the military around the world talk to each other for more than 30 years, bringing connectivity when, where, and how it's needed most.

Viasat focuses on the connections that count and delivers big results for their customers, partners, and shareholders all over the world. They give internet to towns and families around the world where cable or fiber isn't available so they can learn, laugh, and live like everyone else. They give their troops and their allies secure, reliable connectivity services and solutions that give them the information dominance they need to get warfighters back home safely. They make sure that people who are traveling have the same quality of internet service in the air or on the water as they do at home. And they let businesses of all sizes keep their people, places, and things safe and connected, no matter where work takes them.

Recent Development

• In February 2022, Thuraya Telecommunication Company, which sells satellite solutions, made a deal with Delnet International Corporation to sell and offer advanced satellite solutions. This deal should help Thuraya get more customers in the emerging markets of the Philippines.
• In June 2022, 7 new WISeSat FOSSA satellites were launched with the help of WISeKey, a top global cybersecurity company. With this agreement, Europe made the biggest IoT constellations ever.
• In May 2022, Viasat, a world leader in communications, will be Southwest Airlines' in-flight connection service starting. Viasat's new Ka-Band satellite should make it easier for people onboard to connect to the internet and watch online TV and streaming video.

Market Segmentation

Global Maritime Satellite Communication Market has been segmented into:

By Type

• Very Small Aperture Terminal (VSAT)
• Ka-Band
• C-Band
• Others
• Mobile Satellite Services (MSS)

By Revenue Source

• Hardware
• Software
• Services

By End-user

• Naval Vessel
• Commercial Vessels
• Leisure Vessels
• Offshore Oil Rigs

Global Maritime Satellite Communication Market Regional Insights

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia-Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Conclusion

In conclusion, the maritime satellite communication market is expected to grow a lot over the next few years. This is because more people want high-speed broadband connections, more people in the maritime industry want advanced communication solutions, and more advanced satellite communication technologies are being made.

Service providers are expected to put a lot of money into coming up with new and innovative ways to meet their customers' changing wants. Cloud-based solutions, which offer scalability, flexibility, lower costs, and better security, are also likely to be used more in the market.

Contrive Datum Insights is a market research and consulting company that offers valuable information and analysis about the maritime satellite communication market. Their reports give an in-depth look at market trends, drivers, challenges, prospects, and key players.

Overall, the marine satellite communication market is expected to grow a lot in the next few years. In this competitive market, service providers who can offer new, reliable solutions that meet the specific needs of their customers are likely to do well.