The growth of the market is governed by various
factors such as enhanced need in the growth of improved communications
Market Size – USD 3.20 billion in 2018, Market
Growth - CAGR of 11%, Market Trends- need for data communication &
passenger welfare
The
Maritime satellite Communication market is expected to grow from USD 3.20
billion in 2018 to USD 8.30 billion by 2026, at a CAGR of 11% during the
forecast period. The driving factor for growth being the enhanced need in the
growth of improved communication.
Due to the
increase in need of trusted and cost-effective communication services, maritime
satellite market is growing at a huge rate. MSS is mostly used in marine
communication and to increase the fast and smooth sailing of ships and marine
transportation. Various seaborne threats like piracy, maritime terrorism,
gun-running are increasing rapidly. Security need is also increasing which is
responsible for the growing market. Since maritime is connected with the
nation's economy, its security is also important.
Request for a sample of Maritime
satellite Communication Market research report at: https://www.reportsanddata.com/sample-enquiry-form/1100
Players will require increased investments to
tackle these challenges and facilitate growth in the coming years. This report
comprises drivers, restraints, opportunities, and challenges pertaining to the Maritime
satellite market; and extensive value chain analysis, patent analysis, analysis
of the current manufacturing capability and technology status,
commercialization potential in different devices, along with market size
forecasts till 2026.
The report “Maritime Satellite Communication Market by Product
(Very small aperture terminal, Mobile satellite services), by Service type
(Voice, video, data, tracking & monitoring), by Application (Merchant
shipping, offshore, passenger ships, government, fishing) and Geography-Global
Forecast 2026” is available now to Reports and
Data customers and can also be
purchased directly at:
https://www.reportsanddata.com/report-detail/maritime-satellite-communication-market
Further key findings from the report suggest
·
The Maritime satellite Communication market is
expected to grow from USD 3.20 billion in 2018 to USD 8.30 billion by 2026, at
a CAGR of 11% during the forecast period. The driving factor for growth being
the enhanced need in the growth of improved communication.
·
On the basis product, the market is segmented as
very small aperture (VSS) and Mobile satellite services (MSS). The VSAT is introduced in many markets.
Because of the increasing implementation of the Ku-Band, it is expected to
bring the highest growth. The market is expected to take a major move from the
MSS to VSAT specifically using the C-BAND, KA-BAND, and KU_BAND, this is mainly
due to the various advantage of the VSAT that is being provided to the marine
user's one being the cost-effective uses of technologies
·
On the grounds of service
type, the market is segmented as video, voice, data, tracking, and monitoring. The
most common mode for communication in the maritime satellite market is done
through data as it is being considered as the most affordable mode of
communication in the maritime market. Penetration of video conferencing and
other entertainment application, the video communication sector will see the
highest growth of 11.1 % in the forecasted year.
·
On the basis application,
the market is segmented as merchant shipping, offshore, government,
passenger ship, and fishing.
The
enhanced growth in the need for advanced communication among travelers along
with the need for speed transformation of data, the market for maritime
communication is growing at a rapid rate. The passenger ship type of
application is believed to be responsible for the huge implementation of
low-cost technologies.
·
On the basis
region, the market is being segmented to Europe, APAC, North America, and Row. The high
adoption of the maritime satellite is being seen in the region of Europe due to
the increased implementation. The growth factors being the affordable solutions
and need for more enhanced maritime communication.
Purchase full Maritime
satellite Communication Market report covered with tables and
figures for better illustration@ https://www.reportsanddata.com/checkout-form/1100
For this report, the
market has been divided into segments on the basis of service type, product,
Application, and region:
- Service
type (Revenue, USD Million; 2016–2026)
- Voice
- Video
- Data
- Tracing
& Monitoring
- Product
(Revenue, USD Million; 2016–2026)
- Very
small aperture satellite (VSS)
- Mobile
satellite services (MSS)
- Application
(Revenue, USD Million; 2016–2026)
- Merchant
shipping
- Offshore
- Government
- Passenger
shipping
- Shipping
- Regional
Outlook (Revenue, USD Million; 2016–2026)
- North
America
- US
- Canada
& Mexico
- Europe
- Germany
- France
- UK
- Rest of
Europe
- Asia
Pacific
- China
- Japan
- South Korea
- Rest of
APAC
- Rest of
the World
- South
America
- Middle
East and Africa
Browse More Reports Of Information and
Communication Technology At: https://www.reportsanddata.com/report/category/information-technology
Contact Us:
John Watson
Head of Business Development
John Watson
Head of Business Development
No comments:
Post a Comment