Technavio
analysts forecast the global
maritime VSAT market to grow at a CAGR of close to 14%
during the forecast period, according to their latest report.
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Technavio has published a new report on the global maritime VSAT market from 2017-2021. (Graphic: Business Wire)
The research study covers the present scenario and growth prospects of
the global maritime
VSAT market for 2017-2021. The report provides
total addressable maritime VSAT equipped vessels for the forecast
period. Also, the report discusses the major drivers that influence the
growth of the global maritime VSAT market.
Satellite maritime applications enable secure and interoperable network
communications for naval operations and critical marine operations such
as rescue, and administrative and support functions. Satellite services
can provide global coverage and an effective communication channel to
help in relief operations during a natural disaster and emergency
situations. It also helps to detect incidents of the oil spill and
transmit relevant information related to disasters to enable spontaneous
search and rescue operations.
Request a sample report: http://www.technavio.com/request-a-sample?report=56149
Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
Technavio ICT
analysts highlight the following three factors that are contributing to
the growth of the global maritime VSAT market:
Growing adoption of satellite communication to monitor oil and gas
rigs
The transportation of oil and gas through pipelines requires 24/7
surveillance and monitoring due to the high risk and financial loss
associated with its leakage. Therefore, supervisory control and data
acquisition (SCADA) systems are used for remote surveillance,
monitoring, and maintenance of these pipelines.
Abhishek Sharma, a lead M2M
and connected devices analyst at Technavio, says, “An
on-field monitoring network includes instrumentation units that can
measure flow speed, pressure, and temperature; transmitters; data
gathering units; and communication units such as VSAT earth stations.”
Demand for broadband networks
Technological advances have led to an increase in the coverage area of
cellular networks, microwaves, and satellites. The convergence of voice,
video, and data simultaneously to all-IP networks has simplified the
user's requirement.
“Though maritime communication has improved over the years, it still
lags behind the advanced communication technology used on land. The
demand for broadband services in the maritime industry is increasing
rapidly due to the growing adoption of IP-based applications,” adds
Abhishek.
Increased adoption of smart vessels in the maritime sector
Maritime traffic has increased significantly with the rise in the
number of ships traversing oceans. The maritime traffic has
approximately increased four-fold during the last two decades. The major
reason for increased maritime traffic is world trade. Industrial nations
and emerging economies of energy and mineral resources such as China and
India are regularly engaged in goods transport to distant countries via
waterways.
ICT has evolved dramatically to reduce the cost of accessibility and
mobility. According to IMO regulations, all vessels are mandated to
deploy AIS units to monitor the shipping of traffic to avoid collisions
and increase safety aspects. The increasing maritime traffic has created
a high risk of wrecks and collisions, resulting in economic expenses.
Top vendors:
-
Harris CapRock
-
Hughes Network Systems
-
Inmarsat
-
KVH Industries
-
ViaSat
-
VT iDirect
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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at media@technavio.com.
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