Maritime Communications

Maritime VSAT connectivity reached an all-time high of 28,200 connected vessels at the end of 2019 but because of the covid-19 crisis, the previous projection of 49,300 terminals by 2023 has been reduced to 40,600 units.

In 2019, the Maritime satellite VSAT communications market experienced high growth with the total number of terminals increasing by 17.5 percent year over year, and VSAT services revenue growing by 11 percent to approach $1.3 billion. Increasing demand from passengers, as well as regulatory pressure on communications and crew welfare were major factors pushing maritime operators to install new generation satellite systems on their vessels.

Despite the setback led by the covid-19 crisis, the fundamentals of maritime connectivity should continue to apply, with strong demand from the shipping industry as well as for leisure and business connectivity and operational applications. In light of technology advances and the appetite for applications and bandwidth the industry is expected to return to growth by 2022.

Sector dynamics, analysis & forecasts for the maritime satcom market

A Sample of Our Consulting Expertise

  • Market assessment for Asia, the Middle East and Africa
  • • External due diligence of a regional operator over Europe and Africa
  • • Independent assessment of a satellite project in Latin America
  • Commercial due diligence of a teleport operator in the Middle East
  • • Due diligence of a satellite service provider in Asia Pacific
  • Independent valuation of a transponder agreement
  • • Commercial due diligence for a global MSS operator
  • • Commercial due diligence of a regional MSS satellite system in EMEA/Asia
  • • Commercial due diligence of a global MSS satellite system
  • • Assessment for demand in emerging regional markets