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The maritime satcom connectivity market has never looked more promising, thanks to the “right combination of price, end user requirements and connectivity demand”, according to Brad Grady, NSR Principal Analyst and author of the report.
View WebsiteIndeed, according to a forecast from Northern Sky Research (NSR), 3.7 million IoT devices will connect via satellite by 2027, a modest figure when you consider that around 30 billion IoT devices in total are expected to be online by the middle of the next decade. By 2027, NSR expects satellite IoT revenues to top.
View WebsiteRevenue generated from applications deriving value from EO imagery data are expected to grow at 30% CAGR from 2018 to 2028. “Across all use cases, we expect to see a shift in usage towards data analytics applications, driven in particular by increasing adoption of satellite imagery to meet end user business cases,” stated Shivaprakash Muruganandham, NSR.
View WebsiteTo bridge the digital divide… to connect the unconnected… here are the dreams of satellite HTS constellations. With more than half the planet currently unconnected, the addressable market and potential revenues look enormous.
View WebsiteAccording to the NSR Maritime SATCOM Markets, 5th Edition, more than 14,000 vessels are currently connected using a broadband VSAT connection, and this number is projected to rise to more than 37,000 vessels by 2026. In other words, we expect significant continued growth ahead.
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