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Satellite Vessel Tracking Market Size

Report ID: GMI12241
Published Date: Nov 2024
Report Format: PDF

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Satellite Vessel Tracking Market Size

The global satellite vessel tracking market was valued at USD 145.6 million in 2024 and is estimated to grow at a CAGR of 16.5% from 2025 to 2034.

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The entire shipping industry faces increasing pressure to ensure efficient, secure, and transparent operations. Real-time maritime surveillance is essential for monitoring vessel positions, managing routes, and detecting unauthorized activities such as piracy or illegal fishing. As international trade expands and safety protocols become more stringent, governments and private sectors are increasing investments in satellite-based tracking technologies.

Satellite Vessel Tracking Market Report Attributes
Report Attribute	Details
Base Year:	2024
Satellite Vessel Tracking Market Size in 2024:	USD 145.6 Million
Forecast Period:	2025 - 2034
Forecast Period 2025 - 2034 CAGR:	16.5%
2034 Value Projection:	USD 659.7 Million
Historical Data for:	2021 - 2024
No. of Pages:	230
Tables, Charts & Figures:	290
Segments covered:	Satellite mass, orbit class, satellite subsystem, end-user
Growth Drivers:	Increasing demand for real-time maritime surveillance solutions Advancements in satellite technology and global connectivity Rising need for maritime security and safety compliance Expansion of global trade and shipping activities Government initiatives supporting maritime monitoring and safety
Pitfalls & Challenges:	High initial cost of satellite tracking systems Regulatory challenges and data privacy concern

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For instance, In June 2024, The UAE's Ministry of Energy and Infrastructure and the Mohammed Bin Rashid Space Center have launched the "Satgate" maritime tracking project to enhance security. The initiative aims to create a database of ships docking at UAE ports, strengthen partnerships with satellite agencies, and expand coverage for better ship monitoring. A key feature will be tracking vessels that are not using traditional tracking systems, such as those with AIS transponders turned off. This demand is driven by the need for timely data to improve operational efficiency, prevent accidents, and ensure regulatory compliance.

Recent developments in satellite technology are significantly improving maritime tracking capabilities. Innovations such as high-throughput satellites (HTS), low Earth orbit (LEO) constellations, and more reliable data transmission have enhanced global connectivity for remote maritime areas. For instance, In April 2024, vessels with AuraNow on board will benefit from enhanced satellite connectivity through a partnership between Satcom Global and Intelsat. This collaboration combines Satcom Global's bandwidth and contract flexibility with Intelsat’s global fleet of high-throughput satellites (HTS), expanding AuraNow's coverage. The partnership enhances coverage in new regions, including the far south Indian Ocean, west of Panama, and southeast Pacific, while also doubling satellite assets and improving look angle options across East Asia and the North and Mid-Atlantic. These advancements enable near-instantaneous, continuous tracking of vessels, even in previously unmonitored regions like the Arctic or remote oceans.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for satellite vessel tracking was valued at USD 145.6 million in 2024 and is projected to reach USD 659.7 million by 2034, driven by a CAGR of 16.5% from 2025 to 2034.

The 10-100kg satellite mass segment accounted for 64.4% of the market share in 2024, driven by the cost-effectiveness and rapid deployment capabilities of smallsats or microsatellites.

North America market held a 34.5% share in 2024, driven by significant investments in satellite technology for maritime security, trade, and environmental monitoring.

Major players in the industry include Addvalue Technologies, Blue Sky Network, Globalstar, Inc., Ground Control Technologies UK Ltd, Iridium Communications Inc., Kleos Space, Kongsberg, and KVH Industries, Inc.

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