The maritime satcom market (both MSS and VSAT) will grow to more than 500,000 terminals in 2027, compared to 337,300 terminals in 2017, with revenues for satellite operators and maritime service providers to enjoy a compound annual growth rate of more than 5 per cent, according to the latest report from Euroconsult.
The market for maritime L-band services is set to decline over the next decade, and may force network operators to reposition their offerings to target smaller vessel customers and Internet of Things (IoT) systems, according to the latest report from satellite communications research consultancy Euroconsult.
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.
Digital Ship magazine provides the latest information about maritime satellite communications technology, software systems, navigation technology, computer networks, data management and TMSA. It is published ten times a year.
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