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(Transportation-News.com, September 19, 2017 ) Maritime communications are the backbone of naval forces in many countries and more than 80% of the global trade is seaborne. With increasing threats and the need for an efficient communication, maritime satellite communication has gained its applications into naval forces, merchant navy, coastal security, fisheries and other fields. Maritime satellite communications services are attaining market recognition with a growing number of ships, vessels, rigs etc. Because of the financial collapse in the year 2008, the international seaborne trade went down to 4.5% from 6%. However, it has rebounded in 2009 to reach 7.8 billion tons, and in 2010 to reach 7% captivating up to 8.4 billion tons of goods.
The Global Maritime Satellite Communication Market is segmented on the basis of type, by end user industry and by geography. The report includes the competitive assessment in terms of an overview of market players, profiles, products and services, business strategies, recent developments and innovation, market landscape, future trends and forecasts, and mergers & acquisitions.
VSAT (very-small-aperture terminal) satellite communication systems are drawing more market value because of characteristics like smaller, lighter, cheaper and easier-to-install equipment. In the past, the luxury of maritime VSAT market was limited to high-end segments like large cruise ships, oil rigs petroleum tankers because of limited coverage capacity and high capital. The rise in naval defense budgets of developed and developing nations for high-end security solutions, to combat the seaborne threats from pirates and terrorists, acts as a major driver for the growth of this market. Merchant navy companies facing increasing difficulties due to rough environments at sea and the fact that crew members must stay away from families and friends for prolonged and lengthy periods of time has opened tremendous opportunities for a better maritime communication service globally, which has eased satellite manufacturing costs. However, the lack of awareness on advanced satellite services and reliance on expensive satellite equipment are restraining the growth of the market.
This market is unexploited in the regions of South Asia, Asia Pacific and Latin America, presenting an opportunity for vendors. Additionally, the rise in maritime innovations and ICT solutions such as mini VSAT and technological advances in mobile satellite services are gaining prominence in the market, further boosting the growth of the market globally. North America and Europe are the largest markets for maritime satellite communications while Asia Pacific region is emerging as the highest growth region during the forecast period.
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Some of the major competitors in the maritime satellite communication market are
Hughes Network System
Inmarsat communications
Iridium communications
Thuraya Telecommunications Company
VT iDirect
Key Deliverables in the Study
Market analysis for the global maritime satellite communication market, with region specific assessments and competition analysis on a global and regional scales
Market definition of global maritime satellite communication market along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market share
Identification and analysis of the macro and micro factors that affect the global maritime satellite communication market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Table of Contents:
Introduction
Executive Summary
Market Overview
Market Dynamics
Global Maritime Satellite Communication Market Segmentation
Vendor Market Share Analysis
Competitive Intelligence - Company Profiles
Investment Analysis
Future of Global Maritime Satellite Communication Market
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