Maritime Satellite Communication Market to reach USD 12.4 billion by 2032, Says Global Market Insights Inc.
Maritime Satellite Communication Industry size is predicted to register 8.5% CAGR between 2024 and 2032 driven by increasing investments in the research and development of satellite communication technologies.
Selbyville, Delaware, Sept. 02, 2024 (GLOBE NEWSWIRE) — Maritime Satellite Communication Market is projected to reach USD 12.4 billion by 2032, according to the
Europe to Establish a Strong Market Presence
Europe maritime satellite communication market will register a notable market CAGR from 2023 to 2032, driven by the region’s robust maritime industry and increasing investments in satellite communication infrastructure. Key maritime nations such as Norway, Germany, and the United Kingdom are at the forefront of adopting advanced satellite communication systems to enhance the efficiency and safety of their maritime operations. Additionally, the European Union’s focus on digitalization and innovation in the maritime sector is further fueling market growth.
Maritime Satellite Communication Market Players
Prominent companies operating in the maritime satellite communication industry include EchoStar Corporation, Iridium Communications Inc., NSSL Global Limited, Cobham Satcom, Thuraya Telecommunications Company, Inmarsat Group Limited, KVH Industries Inc., SES Satellite, Marlink SAS, and Viasat Inc.
The Maritime Satellite Communication Market is witnessing growing demand, driven by company efforts to enhance connectivity at sea. Leading firms are investing in advanced satellite technologies, expanding coverage, and offering innovative solutions tailored to maritime needs. These initiatives address the increasing reliance on real-time data, navigation, and safety systems, ensuring seamless communication for vessels across global waters.
In June 2023, Inmarsat Maritime, a Viasat business, introduced its new Fleet Reach coastal LTE service, offering continuous high-speed broadband connectivity to maritime customers. This service ensures reliable internet access for merchant, offshore, energy, and fishing vessels, even when they are near the coast or docked in port.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: [email protected]
