Global Maritime Satellite Communication Market - Segmented by Type (Mobile Satellite Services (MSS), Very Small Aperture Terminal (VSAT), Surveillance and Tracking, Detectors), End-User Industry (Naval Forces, Coastal Security Services, Merchant Navy, Government, Shipping Vessels), and Region - Growth, Trends, and Forecast (2018 - 2023)
The global maritime satellite communication market was valued at USD 2.39 billion in 2017, and is expected to reach a value of USD 3.96 billion by 2023, at a CAGR of 6.90%, during the forecast period (2018 - 2023). The scope of the report covers various segments which include by Type mobile satellite services (MSS), very small aperture terminal (VSAT), surveillance and tracking, detectors, and by end-user industry are limited to naval forces, coastal security services, merchant navy, government, shipping vessels. While the region considered in the scope of the report include North America, Europe, Asia pacific, Middle East & Africa, and Latin America.
Increased Seaborne Threats
As geopolitical power shifts from the Atlantic to the Indian Ocean, policy makers are putting more emphasis on advanced sea lines of communications, for ensuring smoother sail of ships and vessels. Non-traditional seaborne threats, such as gun-running, maritime terrorism, piracy, and drug trafficking have grown exponentially, as the major threats that world is facing from offshore. To tackle these attacks, there is need for secure and efficient communication infrastructure, which in turn, is boosting the maritime satellite communication market. Maritime security is important for any country, as it is linked to a nation’s economic development. Sea lines of communications always play an important role in economy, as the majority of trade is led by sea activities.
Mobile Satellites Services has a Major Market Share
The mobile satellites service consists of earth stations, such as Ship Earth Station (SES), Communication Earth Station (CES) and Mobile Earth Station (MES). Because of the wide area network coverage, these services are mainly used in military ships and shipyards. These services include: Telex, data for distress, safety alerts and messaging provision for maritime security. MSS systems are currently undergoing a transition from the traditional approach of production to a more pragmatic, technologically advanced approach that ensures miniaturization and enhanced capabilities. This transition is boosting the market for mobile satellite services in the maritime satellite communications market.
North America is One of the Largest Markets for Advanced Communication Technological Research
The huge market in the region is mainly due to growing R&D activities and industrialization. In the last three decades, strategic and tactical missions were primarily dependent on the Military Satellite Communications (MILSATCOM). US and other armed forces are making more emphasis on having uninterrupted, high capacity and reliable communications. These factors have been always the main concerns for every military commander, and especially in the case of the United States. The North American naval structure is built on the basis of Mahan naval doctrine, where, controlling the sea lines of communication is expected to place any country in a dominating global power. To achieve this global hegemony, the region requires effective communication with all its ships and units, mainly military assets, anywhere in SLOC, which in turn, boosts the North American maritime satellite communications market.
Key Developments in the Market