Global Maritime VSAT Market 2017-2021

Overview of the global maritime VSAT market

The global maritime VSAT market is anticipated to grow rapidly and will post a CAGR of close to 14% during the forecast period. The growing adoption of satellite communication to monitor oil and gas rigs will drive the growth prospects for the global maritime VSAT market in the forthcoming years. Also, to prevent financial loss associated with the leakage of oil and gas through pipelines, it is necessary to monitor the transportation of oil and gas constantly. Supervisory control and data acquisition (SCADA) is a system, which is used for remote surveillance, monitoring, and maintenance of these pipelines. In addition, on-field monitoring processes include the measuring of flow speed, pressure, and temperature using the instrumentation units such as the transmitters, data gathering units, and communication units such as VSAT earth stations. These instrumentation units are deployed along with pipelines at specific locations such as delivery stations, pump stations, compressor stations, and block valve stations. Furthermore, the remote VSAT stations located in the pipelines uses satellite communication to provide effective and constant surveillance by transferring the data to the central SCADA control room. Moreover, the same satellite communication technology is used to monitor oil and gas rigs. Some of the major factors responsible for the growing demand for these systems is its easy installation, inexpensiveness, and effectiveness in maintaining pipelines.

In terms of geography, EMEA accounted for the maximum market share during 2016 and will continue to dominate the market for the next four years. Major factors responsible for the market’s growth in the region is the growing use of satellite communications for archaeological and emergency activities and the prevailing national conflicts in MEA.

Competitive landscape and key vendors

The global maritime VSAT market is highly competitive and diversified due to the presence of a large number of prominent and established vendors across the globe. These vendors increasingly focus on cost-effective and high-quality products and solutions and optimize the product development processes to survive and succeed in such an intensely competitive environment. Furthermore, these vendors increasingly compete against each other based on factors such as the cost of satellites, technological advancements, lightweight platforms, reliability, and market share.

Key vendors in this market are -

• Harris CapRock
• Hughes Network Systems
• Inmarsat
• KVH Industries
• ViaSat
• VT iDirect

Other prominent vendors in the market include Comtech Telecommunications, Emerging Markets Communications, OmniAccess, Raytheon, SageNet, SpeedCast, and Telespazi.

Segmentation by technology and analysis of the maritime VSAT market

• Ku
• C
• L
• HTS

The Ku technology segment accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. One of the major benefits of using Ku-band technology is the easy transmission of complex data, voice, and video signals.

Segmentation by category and analysis of the maritime VSAT market

• Services
• Terminals

The global maritime VSAT market by services segment accounted for the maximum market share during 2016 and will continue to dominate the market until the end of 2021. One of the major factors responsible for the growing demand for satellite broadband services is the increasing need for high-quality data services with a global coverage for enhanced safety features.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global maritime VSAT market?
• What are the key maritime VSAT market trends impacting the growth?
• What are the challenges to market growth?
• Who are the key vendors in the global maritime VSAT market?
• What are the market opportunities and threats faced by the vendors in the global maritime VSAT market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global maritime VSAT market?