HTS Making Waves but FSS Remains Core to Maritime Satcom
New NSR Maritime Report Finds Mix of HTS and FSS Capacity Key to $3.2 Billion Revenue Growth over Next Decade
Wilmington, DE – May 6, 2015 – NSR’s Maritime Satcom Markets, 3rd Edition, released today, finds a steady up-tick of activity across the maritime satcom markets – from new-build vessels coming online over the next ten years, to focusing on improving remote operations on existing vessels. Already close to a $2 Billion opportunity across the merchant, passenger, offshore and fishing markets, the maritime SATCOM market will grow to almost $5.2 Billion in retail revenues by 2024.
“Improving markets for merchant maritime due to lower fuel prices are an encouraging sign for renewed investments over the near future,” states Brad Grady, report author. “As the core of the maritime market, commercial maritime vessels – from tankers to container vessels – are continuing to look at new and innovative ways to improve their remote operations. Everything from advanced route-planning, real-time weather data, and improving crew welfare all depend on a steady uptick of bandwidth demand. Adding in the opportunity for narrowband connectivity, which has evolved from traditional Inmarsat-type voice applications into complex networks of M2M devices bringing “big data”, and other value-added services directly to end-users, the maritime markets will remain a key mobility vertical across all aspects of the satellite communications value-chain.”
“Over the next ten years, an additional 80,000 In-service units across all segments of the maritime markets will be broadband,” Grady adds, “and broadband connectivity will provide more than 75% of new retail revenues over the next ten years. VSAT-based maritime In-service Units will consume nearly 150 TPEs of FSS C- and FSS Ku-bands, and over 21 Gbps of HTS capacity across GEO, LEO, and MEO orbits in C-, Ku-, and Ka-bands.”
As maritime end-users continue to look for ways to improve their operations, all options are on the table: value-added vs. end-user provided applications, FSS vs. HTS vs. MSS connectivity, and even satellite vs. terrestrial. HTS, regardless of GEO, LEO, or MEO orbits, will not be the answer to every question for every market, and as-such service providers will need to help walk end-users through the right combination of services, at the right price, for the right application.
About the Report
NSR’s Maritime Satcom Markets, 3rd Edition continues as a dedicated focus on the maritime SATCOM Markets – from the opportunities in narrowband connectivity to the latest Non-GEO HTS capacity slated to launch. With a deep drive into the dynamics of this key mobility vertical, the report provides readers with the most complete overview on addressable maritime markets, vendor market share, pricing, revenues, and capacity demand for all maritime vertical segments.
For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit www.nsr.com or call NSR at +1-302-295-4981.
NSR is a leading international market research and consulting firm with a core focus on the satellite sector and related industries. Founded in 2000 and with an experienced group of analysts located in all regions, NSR specializes in analysis of growth opportunities across four core sectors: Satellite Communications, Broadcasting & Digital Media, Hybrid & Emerging Applications and Commercial Space.