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Offshore Oil and Gas Satellite Communications Market

Offshore Oil and Gas Satellite Communications Market

Despite a significant decrease in oil prices, demand remains high, and production will continue at a CAGR of􂀀% between 2014 and 2020.

Though spending on exploration may slow down over the next couple of years while prices are down, offshore drilling and operations will remain strong.

In addition, there are very few offshore vessels that are not currently in use. The number of inactive vessels remains generally consistent, with no significant change in utilization. Thus, while profit margins may have reduced, production has remained consistent.

Decreased oil prices do not affect the communications needs of active ships and vessels that are offshore and unreachable by traditional terrestrial technologies. Thus, the demand for satellite communications in the oil and gas industry will remain strong, being required for monitoring and providing offshore personnel with communications.

The decreased price of oil globally is a temporary phenomenon which will eventually be reversed. However, over the next couple of years, this will be a relevant trend in the industry and dictate spending in the industry. However, there is a finite amount of oil in the world, and the macro-trend is for prices and spending to increase over time. 2015 will be the most effected year, with spending on SATCOM only increasing by 􂀀% over 2014.

Despite disruptions from oil and gas pricing, this industry remains one of the high-growth industries for the satellite VSAT market. Even during a period of lower margins for oil and gas companies, their consumption of VSAT services and hardware is stronger than the overall VSAT industry average.

Revenue in this research includes US dollars used to purchase satellite VSAT services for oil and gas communications.

About this report

Despite disruptions from oil and gas pricing, this industry remains one of the highest growth industries for the satellite Very Small Aperture Terminal (VSAT) market. Even during a period of lower margins for oil and gas companies, their consumption of VSAT services and hardware is stronger than the overall VSAT industry average. This research will include analysis of spending on satellite communications by oil and gas vendors.


  • Executive Summary
    • Key Findings
    • Satellite Communications Leveraged by Offshore Vessels
    • Market Engineering Measurements
    • CEO's Perspective
  • Market Overview
    • Market Definitions
    • Key Questions This Study Will Answer
  • Drivers and Restraints-Total Offshore Oil and Gas Satellite Communications Market
    • Market Drivers
    • Market Restraints
  • Forecasts and Trends-Total Offshore Oil and Gas Satellite Communications Market
    • Forecast Assumptions
    • Spending Forecast
      • Table Total Offshore Oil and Gas Satellite Communications Market: Spending Forecast, Global, 2014-2020
    • Spending Forecast Discussion
    • Percent Spending Forecast by Region
      • Table Total Offshore Oil and Gas Satellite Communications Market: Percent Spending Forecast by Region, Global, 2014 and 2020
    • Global Trends
  • Market Share and Competitive Analysis-Total Offshore Oil and Gas Satellite Communications Market
    • Market Share Methodology
    • Market Share Based on Spending
    • Oil and Gas Vendor Spending on SATCOM
    • Competitive Factors and Assessment
    • Additional Information
  • North America Analysis
    • North America-Key Findings
    • Spending Forecast
      • Table Offshore Oil and Gas Satellite Communications Market: Spending Forecast, North America, 2014-2020
  • Latin America Analysis
    • Latin America-Key Findings
    • Spending Forecast
      • Table Offshore Oil and Gas Satellite Communications Market: Spending Forecast, Latin America, 2014-2020
  • Europe Analysis
    • Europe-Key Findings
    • Spending Forecast
      • Table Offshore Oil and Gas Satellite Communications Market: Spending Forecast, Europe, 2014-2020
  • APAC Analysis
    • APAC-Key Findings
    • Spending Forecast
      • Table Offshore Oil and Gas Satellite Communications Market: Spending Forecast, APAC, 2014-2020
  • Middle East Analysis
    • Middle East-Key Findings
    • Spending Forecast
      • Table Offshore Oil and Gas Satellite Communications Market: Spending Forecast, Middle East, 2014-2020
  • Rest of World Analysis
    • Rest of World-Key Findings
    • Spending Forecast
      • Table Offshore Oil and Gas Satellite Communications Market: Spending Forecast, ROW, 2014-2020
  • The Last Word
    • The Last Word-Predictions
  • Appendix
    • Market Engineering Methodology
    • Market Engineering Measurements
      • Table Total Offshore Oil and Gas Satellite Communications Market: Market Engineering Measurements, Global, 2014

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