NSR’s Maritime Connectivity, 11th Edition report offers valuable insights and analysis, helping industry stakeholders understand market dynamics and capitalize on growth opportunities in maritime SatCom markets.
Focusing on the impacts from Non-GEO systems such as the ‘new entrants’ of Starlink, OneWeb, and mPower this edition explores the role of GEO vs. Non-GEO (NGSO) connectivity in the maritime SATCOM markets. Building from a regional and segment level view, the report is broken down into 5 vessel types – Merchant, Passenger, Offshore, Fishing, and Leisure. Each segmentation provides insight into In-service units, retail revenues, capacity demand and revenue. Overall, as more capacity choices come online over the next ten years Maritime SATCOM players will need to have a carefully crafted capacity strategy in place to optimize revenues and meet customer demands.
As the impacts of COVID-19 fall away from the market, digitalization and throughput requirements remain. Passenger vessels are seeing a surge in connectivity requirements, oil and gas / Offshore demand persist on a per-vessel basis, and now might be the time for crew welfare provisioning to become a key driver of demand. Towards 2032, new terminal form factors and price points will unlock smaller and smaller vessels, new business models will help capture marginal use-cases, and overall, the demand for maritime satellite connectivity continues to expand.
Bottom line, NSR’s Maritime Connectivity, 11th Edition helps industry stakeholders make informed decisions about their business strategies and investments in this important evolving market.
Overall cumulative revenue for the forecast period is USD$42.2 billion and a CAGR of 9.5%.
SpaceX Starlink, OneWeb, Telesat Lightspeed, AWS Kuiper, Inmarsat, Intellian, Speedcast, Marlink, Anuvu, SES.