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Maritime Satellite Communication Market Share

Report ID: GMI7812
Published Date: Jan 2024
Report Format: PDF

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Maritime Satellite Communication Market Share

Inmarsat Group Limited and Viasat Inc. dominate the market with around 12% market share. The market features intense competition among key players offering a diverse range of solutions. Companies focus on innovations, global coverage, and tailored services to gain a competitive edge in this dynamic & rapidly evolving industry.

These players maintain dominance by continuous strategic initiatives and catering to diverse industry needs. Their established brand reputation, and commitment to addressing evolving maritime communications demands solidify their positions, shaping the landscape and influencing the direction of the dynamic market.

Maritime Satellite Communication Market Companies

Major players operating in the maritime satellite communication industry are:

Cobham Satcom
EchoStar Corporation
Inmarsat Group Limited
Iridium Communications Inc.
KVH Industries Inc.
Marlink SAS
NSSL Global Limited
SES Satellite
Thuraya Telecommunications Company
Viasat Inc.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Maritime satellite communication industry was valued at USD 5.9 billion in 2023 and is estimated to register a CAGR of over 8.5% between 2024 and 2032, driven by a surge in investments directed toward the R&D of satellite communication technologies.

The VSAT type segment accounted for over 55% market share in 2023 and is expected to grow rapidly till 2032, driven by a reduced antenna size and enhanced flexibility in coverage & throughput.

North America maritime satellite communication industry held a major revenue share of over 35% in 2023 and is poised to witness steady growth during 2023-2032, driven by the widespread adoption of advanced maritime antenna solutions.

Cobham Satcom, EchoStar Corporation, Inmarsat Group Limited, Iridium Communications Inc., KVH Industries Inc., Marlink SAS, NSSL Global Limited, SES Satellite, Thuraya Telecommunications Company, Viasat Inc. are major industry contenders.