A new report from analysts Euroconsult has claimed that the value of the maritime satellite communications market has reached almost $1 billion in annual revenue at the satellite operator level, and is closing in on $2 billion in annual revenue at the service provider level.
The value of the global maritime satellite communications market is set to double over the next decade, according to a new report from Euroconsult.
The future of the Mobile Satellite Services (MSS) industry depends on how fast operators can adapt to new market conditions, according to the latest report from Euroconsult.
Euroconsult’s ‘Maritime Telecom Solutions by Satellite: Global Market Analysis & Forecasts, 3rd Edition’ report, released last week, has estimated that the maritime market now has more than 11,000 active VSAT terminals, with just 10 providers having 1 per cent or more of the market.
Satellite services consultancy Euroconsult has forecasted satellite capacity revenue in the global maritime market to nearly double over the next decade, with a compound annual growth rate of 7 per cent.
Consulting firm Euroconsult has forecast that the number of satellite communications terminals in the global maritime market will nearly double over the next decade, with a compound annual growth rate (CAGR) of 7 per cent over the 10-year period.
Euroconsult says that its latest survey and reports have suggested that the satellite industry should see continued growth in commercial markets during the next ten years, while at the same time stagnating growth for government spending should be expected at least through mid-decade.
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