(Wireless-NewsWire.Com, March 27, 2018 ) The Global Maritime Satellite Communication Market was valued at USD 2.35 billion in 2016 and is projected to reach USD 5.17 billion by 2025, growing at a CAGR of 9.18% from 2017 to 2025.
Mobile Satellite Communication provides two-way voice and data communications to global users who are on the go or in remote locations. Communication is a vital component of maritime business. There is an ever increasing need of real-time data communication to monitor ship, cargo, and vessel to ensure security and surveillance. Mobile satellite communication provides full range of telephone systems, GPS, PIN based solution, Distress signaling for privacy, etc
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The major players in the market are as follows: 1. Iridium Communications, Inc. 2. Harris Caprock Communications, Inc. 3. Thuraya Telecommunications Company 4. Royal Imtech N.V. 5. Hughes Network Systems LLC 6. Globecomm Systems Inc 7. Inmarsat PLC. 8. Viasat 9. VT Idirect, Inc. 10. KVH Industries, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Market Dynamics: 1. Market Drivers 1.1 Increasing Adoption of cloud-based Solutions 1.2 Less Expensive Technology 1.3 Integrated Network Management Systems 1.4 Growth of Satellite and Cellular Communication Technology 1.5 Wide Applications of Maritime Satellite Communication 1.6 Growing Demand for Enriched Data Communication 2. Market Restraints 2.1 Concerns for Security and Privacy 2.2 Less Knowledge about the Technology among the Users 2.3 High Infrastructure and Operational Costs
Market Segmentation: The Global Maritime Satellite Communication Market is segmented on the basis of service, end user, type, and region. 1. By Service: 1.1 Tracking & Monitoring 1.2 Voice 1.3 Data 1.4 Video 1.5 Other
2. By End User: 2.1 Government 2.2 Merchant 2.3 Leisure Vessels 2.4 Fishing 2.5 Shipping 2.6 Passenger Ship 2.7 Offshore 2.8 Others
3. By Type: 3.1 Mobile Satellite Service 3.2 Very Small Aperture Terminal 3.3 Others
4. By Region: 4.1 North America (U.S., Canada, Mexico) 4.2 Europe (Germany, UK, France, Rest of Europe) 4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific) 4.4 Latin America (Brazil, Argentina, Rest of Latin America) 4.5 Middle East & Africa
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sambit kumar
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