Market Size (2017)
2017
$1.91B
Aerospace
Maritime VSAT Market
By Segment, By Region, And Segment Forecasts, 2017 – 2024
Vertical: AnDBase Year: 201710 Sections
Executive Summary
Maritime VSAT Market — Snapshot
Projected (2024)
2024
$4.63B
CAGR (2017–2024)
13.5%
13.5%Key Players
109+
The global maritime VSAT market is growing at a significant rate with an increase in international seaborne trade. The global maritime VSAT market is expected to register a 13.46% CAGR during the forecast period of 2019 to 2024. In 2018, the market was led by North America with a 51.51% share, followed by Asia-Pacific and Europe with shares of 15.93% and 21.33%, respectively.
The global maritime VSAT market has been segmented based on type, application, and region. On the basis of type, the Ku-band segment accounted for the largest share of 38.39% of the global maritime VSAT market in 2018. On the basis of application, the civil & commercial segment accounted for the larger market share of 66.76% in 2018.
Market Attractiveness Analysis
Global Maritime VSAT Market, by Type
Global Maritime VSAT Market, by Application
Global Maritime VSAT Market, by Region
Key Insight
The Maritime VSAT Market market is projected to grow at a CAGR of 13.5% from 2017 to 2024.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansMarket Scope & Coverage
What this report covers
- Geographic Coverage: This analysis covers 4 regions: Asia Pacific, Rest of the World, Europe, North America.
- Market Segmentation: The market is analyzed across 4 segments: Ku-Band, C-Band, High-Throughput Satellites (HTS) Band, L-Band. Forecasts are provided for each segment from 2017 to 2024.
- Competitive Landscape: 109 leading companies are profiled, covering market positioning, strategies, and recent developments.
Market Size (USD Mn)
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View Subscription PlansMarket Overview
Maritime VSAT Market — Growth Trajectory
Maritime VSAT offers satellite communication for onboard vessel services such as telephone, data, and Internet. Maritime VSAT involves the use of various types of bands such as Ku-band, C-band, L-band, and high-throughput satellites (HTS) band. These bands are used across various applications including military & defense and civil & commercial.
Maritime VSAT Market — Growth Trajectory
Ku-Band
C-Band
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View Subscription PlansMarket Size Trend (USD Mn)
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View Subscription PlansMarket Dimensions
How this market is segmented
- Type Type is broken down into: Ku-Band, C-Band, L-Band, High-Throughput Satellites (HTS) Band.
- Application Application is broken down into: Military & Defense, Civil & Commercial.
Geographic Analysis
Regional market breakdown
- Asia Pacific Asia Pacific market size reached $299.70M in 2017 and is projected to reach $801.40M by 2024, growing at a CAGR of 15.1%.
- Rest of the World Rest of the World market size reached $218.30M in 2017 and is projected to reach $455.60M by 2024, growing at a CAGR of 11.1%.
- Europe Europe market size reached $403.80M in 2017 and is projected to reach $1.04B by 2024, growing at a CAGR of 14.4%.
- North America North America market size reached $986.10M in 2017 and is projected to reach $2.34B by 2024, growing at a CAGR of 13.1%.
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View Subscription PlansResearch Methodology
Maritime VSAT Market — How We Researched This Market
Research Process
Market Research Future analysis is based on interviews with industry experts who offer insight into the market structure, market segmentation, technology assessment, competitive landscape (CL), market penetration, as well as the emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on years of professional expertise in their respective industries. Our analysts also predict where the market will be headed in the next five to 10 years, by analyzing historical trends and the current market position. Furthermore, the varying trends in segments and categories in each region are studied and estimated based on primary and secondary research.
Primary Research
Extensive primary research was conducted to gain a deeper insight into the market and industry performance. For this particular report, we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers, among others) of the major players active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed in the next five to 10 years.
Secondary Research
Secondary research was mainly used to collect and identify information useful for an extensive, technical, market-oriented, and commercial study of the global maritime VSAT market. It was also used to obtain key information about major players, market classification and segmentation according to industry trends, and developments related to the market and technology. For this study, analysts have gathered information from various credible sources such as annual reports, SEC filings, journals, white papers, corporate presentations, company websites, international organizations, and paid databases.
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of the overall global Maritime VSAT market. The key players in the market were identified through secondary research, and their market contributions in different applications across the globe were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Market Research Future added before being presented in this report. The following figure shows an illustrative representation of the overall market size estimation process employed for the purpose of this study.
Base Year
2017
Historical Period
2017 – 2017
Forecast Period
2017 – 2024
Primary Interviews
150+
Research Process
Historical data (2017–2017) and forecast period (2017–2024)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Historical vs. Forecast Data
Historical (observed)
Forecast (modelled)
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View Subscription PlansQuantitative Analysis
Regional Breakdown
Regional market breakdown for Maritime VSAT Market.
Regional Market Size (USD Mn)
Market estimates by geography (2024)
USD Mn
InsightNorth America leads with $2.34B by 2024, while Asia Pacific is projected to grow fastest at a 15.1% CAGR.
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View Subscription PlansRegional Market Data
| REGION | 2017 | 2017 | 2024 | CAGR | SHARE |
|---|---|---|---|---|---|
| Asia Pacific | $299.70M | $526.30M | $801.40M | 15.1% | 17% |
| Rest of the World | $218.30M | $334.60M | $455.60M | 11.1% | 10% |
| Europe | $403.80M | $692.20M | $1.04B | 14.4% | 22% |
| North America | $986.10M | $1.62B | $2.34B | 13.1% | 50% |
| Total | $1.91B | $3.17B | $4.63B | 13.5% | 100% |
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View Subscription PlansSegment Revenue (2024)
Ku-Band
C-Band
High-Throughput Satellites (HTS) Band
L-Band
0514102915432057
Segment Market Share
- Ku-Band40%
- C-Band26%
- High-Throughput Satellites (HTS) Band18%
- L-Band16%
Total Market Size
$4.63B
Market by Segment (2024)
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Ku-Band | $1.87B | 13.5% | 72% |
| C-Band | $1.20B | 13.5% | 53% |
| High-Throughput Satellites (HTS) Band | $837.10M | 13.5% | 72% |
| L-Band | $718.60M | 13.5% | 53% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytics
Maritime VSAT Market — Key Findings
Analytical insights on Maritime VSAT Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
The Maritime VSAT Market market is projected to reach $4.63B by 2024, growing at 13.5% CAGR. The Ku-Band segment holds the largest share.
Market Dynamics
The global maritime VSAT market is expected to witness high growth over the next five years. Market growth is expected to be driven by the increasing adoption of maritime VSAT and surge in international seaborne trade. However, the growth of the market may be hindered due to vulnerabilities to cyberattacks.
Market Drivers
Satellite-based connectivity plays a critical role in the maritime industry. As the need for continuous real-time communication between ship owners, passengers, crew, and on-ground staff grows, there have been advancements in technologies such as VSAT. The advent of VSAT broadband services has led to a shift away from traditional L-band connections that ship operators have relied on for decades. VSAT services help meet the demand for high-speed broadband that can support bandwidth-intensive applications such as watching online videos, using Internet protocol-based telephony services, and downloading music.
Moreover, satellite broadband enables operators to improve daily operations, increase profitability, and improve life onboard for crew members. The availability of efficient broadband has also enabled the tracking of containers and valuable goods in real time. Over time, the digitization of the maritime industry is expected to transform vessels into smart ships, resulting in more competition.
The above figure shows that there has been a significant increase in Internet usage from 2015 to 2018. Hence, the rising adoption of maritime VSAT is driving the growth of the global maritime VSAT market.
Market Opportunities
The rise in demand for seafood has led to the expansions of fisheries and aquaculture. The fishing industry in India employs over 14 million people, while the number of direct and indirect employees in Chinese fisheries is nearly 42.4 million. However, most of the vessels, especially in developing countries such as India and China, lack proper navigation systems. Hence, the governments in these countries are extending financial assistance to fisheries to integrate marine navigation systems for precise navigation, tracking fish migrations, and other applications. Marine navigation systems require Internet access for operation. Internet broadband provided by VSAT can also offer satellite communication and deliver real-time, accurate weather and navigation data. This can help save time and fuel costs, outweighing the vessel’s communications expenses. Therefore, the upgrading of fishing vessels with marine navigation systems offers promising growth opportunities to market players.
Market Restraints
Military vessels that rely on VSAT for satellite communication in remote areas have been found to be vulnerable to cyberattacks. For instance, the cyber intelligence company IntelCrawler found that of the 3 million VSATs installed on military and commercial vessels, around 10,000 could be easily accessed due to configuration weaknesses. The terminals with data transmission rates between 4 Kbps to 16 Mbps used in narrowband and broadband data transmission were found more vulnerable to cyberattacks.
VSATs are most commonly used to transmit narrowband data such as credit card information, RFID data, broadband data for VoIP or video by using the satellites in geosynchronous orbit. VSATs can be easily hacked due to poor password policies and default settings.
Therefore, the vulnerabilities of VSATs to cyberattacks are expected to hamper market growth to an extent.
Strategic Outlook and Future Directions
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Market Value by Segment (2024)
Value (USD Mn)
Ku-Band
C-Band
High-Throughput Satellites (HTS) Band
L-Band
Companies
Key companies profiled in Maritime VSAT Market
Profiles of 109 companies operating in the Maritime VSAT Market market, including revenue, employee count, and market positioning where available.
Showing 109 of 109 companies
SageNet In
SageNet Inc.
Aerospace
Company Headquarters: Reston, Virginia, US Founded: 1981 Workforce: ~450 Company Working: SageNet Inc. is engaged in the design, implementation, and management of networks for retail, financial, healthcare, and energy organizations. It offers satellite services that include VSAT, broadband global area network, and emergency communications services. It also offers business continuity awareness and management services, which include disaster recovery and emergency communications services and professional and lifecycle support services.
RevenueN/A
Employees450
Market CapN/A
Founded1980
Reston, Virginia, US
OmniAccess
OmniAccess SL
Aerospace
Company Headquarters: Palma, Spain Founded: 2007 Workforce: ~100 Company Working: OmniAccess SL was founded in 1999 and operates as a subsidiary of Marlink SA. It offers broadband voice and data services for the nautical community and marine industry. The company offers Plexus, a network that provides a single infrastructure for onboard systems, VSAT antenna platforms for high-speed two-way broadband communication, high-speed Internet access, DashBOARD, a real-time customer interface, marine voice-over-IP telephony service, and network consultancy services.
RevenueN/A
Employees100
Market CapN/A
Founded2006
Palma, Spain
EMC
EMC
Aerospace
Company Headquarters: Miramar, Florida, US Founded: 2001 Workforce: ~300 Company Working: EMC provides vital communications services over a robust platform engineered for users in remote areas. It offers a comprehensive suite of services, which includes connectivity, digital media, system integration, and equipment. It serves public and private organizations such as mobile network operators, non-government organizations, commercial ship operators, governments, and enterprises worldwide. The company has offices, warehouses, and teleports in 140 countries.
RevenueN/A
Employees300
Market CapN/A
Founded2000
Miramar, Florida, US
Speedcast
Speedcast International Limited
Aerospace
Company Headquarters: Botany, Australia Founded: 1983 Workforce: ~1,500 Company Working: Speedcast International Limited (Speedcast), together with its subsidiaries, provides end-to-end remote communication and IT solutions. The company designs, integrates, secures, and optimizes networks tailored to customer needs by utilizing its extensive local support. It also offers value-added services, such as user applications, network optimization, and network monitoring and management. Furthermore, it sells network equipment directly to customers comprising satellite terminals, routers, modems, and other types of equipment related to the provision of network and value-added services. Speedcast serves more than 2,000 customers in over 140 countries via 39 teleports, including offshore rigs and cruise ships.
Revenue$0.2B
Employees1,500
Market CapN/A
Founded1982
Botany, Australia
Comtech Te
Comtech Telecommunications Corp.
Aerospace
Company Headquarters: Melville, New York, US Founded: 1967 Workforce: ~1,900 Company Working: Comtech Telecommunications Corp. (Comtech) designs, develops, produces, and markets innovative products, systems, and services for advanced communications. It operates through two main business segments—commercial solutions and government solutions. The company offers products such as satellite earth station equipment, over-the-horizon microwave systems, mobile satellite transceivers, and satellite packet data networks. Comtech also manufactures broadband amplifiers in the microwave and radio frequency spectrums that are used in both defense and commercial applications. The company provides installation, training, and maintenance services as well.
Revenue$0.4B
Employees1,900
Market CapN/A
Founded1966
Melville, New York, US
EchoStar C
EchoStar Corporation
Semiconductor
Company Headquarters: US Founded: 2007 Workforce: 2100 Company Working: EchoStar Corporation offers video delivery solutions and satellite service operations globally. The company engages in the development, design, and distribution of digital set-top boxes, along with products for direct-to-home satellite service providers. The company operates through two segments—Hughes and EchoStar Satellite Services. The EchoStar Satellite Services segment provides satellite service operations and video delivery solutions to Internet service providers, broadcast news organizations, corporates, the US government service providers, programmers, and private enterprise customers. The Hughes segment provides solutions to homes and small offices. The EchoStar Satellite Services segment offers solutions for aeronautical, enterprise, governments, broadband network technologies, managed services, equipment, hardware, satellite services, and communication. The company also designs and installs gateways and terminal equipment for various satellite systems.
Revenue$0.0B
Employees2,100
Market CapN/A
Founded2006
US
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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
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R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Maritime VSAT Market
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