Cookies help us deliver the best experience on our website. By using our website, you agree to our use of cookies Dismiss

Research report highlights maritime VSAT market share Featured

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.

{mprestriction ids="1,2"}

Euroconsult estimates that there were approximately 11,220 active VSAT terminals in total in 2013, and names KVH as the single largest provider with 26 per cent of the market. KVH recently announced that it had shipped its 4,000th mini-VSAT system, and said that its maritime VSAT service revenues grew by 33 per cent in 2013.

The other providers listed in the report’s ‘top ten’ include: Inmarsat Solutions with 13 per cent; Airbus DS with 11 per cent; NSSLGlobal/Telemar with 7 per cent; Harris CapRock with 7 per cent; SpeedCast with 6 per cent; MTN with 5 per cent; Globecomm with 4 per cent; Imtech Marine with 3 per cent; and SingTel with 1 per cent.

Interestingly, the report also lists ‘Others’ as holding 17 per cent of the maritime VSAT market – highlighting the fragmented nature of the sector where a large number of small service providers serving a limited number of ships continue to operate.

As a group these ‘Others’ would hold the second greatest slice of market share according to the report, ahead of Inmarsat’s 13 per cent.

Euroconsult estimates the overall maritime VSAT market has grown at a 28 per cent compounded annual growth rate since 2010, and that by the end of 2023 maritime VSAT services will account for 61 per cent of a $1.5 billion maritime communications market.


Related items

Joomla SEF URLs by Artio


Register or Login to view even more of our content. Basic registration is free.

Register now

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.


Digital Ship Ltd
Digital Ship - Digital Energy Journal
39-41 North Road
N7 9DP
United Kingdom

Copyright © 2019 Digital Ship Ltd. All rights reserved           Cookie Policy         Privacy Policy