Market Research ReportDec 2, 2022

Maritime VSAT Market

Maritime VSAT Market Research Report: Size, Share, Trend Analysis Type (Ku-Band, C-Band, L-Band, High-Throughput Satellites (HTS) Band), Application (Military & Defense, Civil & Commercial) and By Region (Asia Pacific, Rest of the World, Europe, North America) - Growth Outlook & Industry Forecast To 2024

Vertical: AnDBase Year: 2017

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Executive Summary

Maritime VSAT Market — Snapshot

Market Size (2017)
$1.91B
Projected (2024)
$4.63B
CAGR (2017–2024)
13.5%
Key Players
10+

The global maritime VSAT market is growing at a significant rate with an increase in international seaborne trade. The global maritime VSAT market is expected to register a 13.46% CAGR during the forecast period of 2019 to 2024. In 2018, the market was led by North America with a 51.51% share, followed by Asia-Pacific and Europe with shares of 15.93% and 21.33%, respectively.

The global maritime VSAT market has been segmented based on type, application, and region. On the basis of type, the Ku-band segment accounted for the largest share of 38.39% of the global maritime VSAT market in 2018. On the basis of application, the civil & commercial segment accounted for the larger market share of 66.76% in 2018.

Key Insight

The Maritime VSAT Market market is projected to grow at a CAGR of 13.5% from 2017 to 2024.

Market Performance Trend

Historical performance and future projections (2020–2030, USD Billion)

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Market Scope & Coverage

What this report covers

Geographic Coverage: This analysis covers 4 regions: Asia Pacific, Rest of the World, Europe, North America.
Market Segmentation: The market is analyzed across 4 segments: Ku-Band, C-Band, High-Throughput Satellites (HTS) Band, L-Band. Forecasts are provided for each segment from 2017 to 2024.
Competitive Landscape: 10 leading companies are profiled, covering market positioning, strategies, and recent developments.

Market Size (USD Mn)

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Market Overview

Maritime VSAT Market — Growth Trajectory

Maritime VSAT offers satellite communication for onboard vessel services such as telephone, data, and Internet. Maritime VSAT involves the use of various types of bands such as Ku-band, C-band, L-band, and high-throughput satellites (HTS) band. These bands are used across various applications including military & defense and civil & commercial.

Maritime VSAT Market — Growth Trajectory

Ku-Band

C-Band

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Market Size Trend (USD Mn)

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Market Dimensions

How this market is segmented

Type is broken down into: Ku-Band, C-Band, L-Band, High-Throughput Satellites (HTS) Band.
Application is broken down into: Military & Defense, Civil & Commercial.

Geographic Analysis

Regional market breakdown

Asia Pacific market size reached $299.70M in 2017 and is projected to reach $801.40M by 2024, growing at a CAGR of 15.1%.
Rest of the World market size reached $218.30M in 2017 and is projected to reach $455.60M by 2024, growing at a CAGR of 11.1%.

Europe market size reached $403.80M in 2017 and is projected to reach $1.04B by 2024, growing at a CAGR of 14.4%.
North America market size reached $986.10M in 2017 and is projected to reach $2.34B by 2024, growing at a CAGR of 13.1%.

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Research Methodology

Maritime VSAT Market — How We Researched This Market

Research Process

Wantstats analysis is based on interviews with industry experts who offer insight into the market structure, market segmentation, technology assessment, competitive landscape (CL), market penetration, as well as the emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on years of professional expertise in their respective industries. Our analysts also predict where the market will be headed in the next five to 10 years, by analyzing historical trends and the current market position. Furthermore, the varying trends in segments and categories in each region are studied and estimated based on primary and secondary research.

Primary Research

Extensive primary research was conducted to gain a deeper insight into the market and industry performance. For this particular report, we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers, among others) of the major players active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed in the next five to 10 years.

Secondary Research

Secondary research was mainly used to collect and identify information useful for an extensive, technical, market-oriented, and commercial study of the global maritime VSAT market. It was also used to obtain key information about major players, market classification and segmentation according to industry trends, and developments related to the market and technology. For this study, analysts have gathered information from various credible sources such as annual reports, SEC filings, journals, white papers, corporate presentations, company websites, international organizations, and paid databases.

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of the overall global Maritime VSAT market. The key players in the market were identified through secondary research, and their market contributions in different applications across the globe were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Wantstats added before being presented in this report. The following figure shows an illustrative representation of the overall market size estimation process employed for the purpose of this study.

Base Year
2017
Historical Period
2017 – 2017
Forecast Period
2018 – 2024
Primary Interviews
150+

Research Process

Historical data (2017–2017) and forecast period (2017–2024)

Problem Definition

Market scoping
Objective setting
Framework design

Secondary Research

Literature review
Data mining
Trend analysis

Primary Research

Expert interviews
Field visits
Surveys

Data Analysis

Quantitative modeling
Statistical testing
Validation

Insights & Reporting

Synthesis
Recommendations
Visualization

Research Depth

Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.

Historical vs. Forecast Data

Historical (observed)

Forecast (modelled)

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Competitive Landscape & Porter's Five Forces

Maritime VSAT Market — Competitive Analysis

The global maritime VSAT market is characterized by the presence of several global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition and frequent changes in government policies are the key factors that impact market growth. The vendors compete based on cost, product quality, reliability, and aftermarket services. It is crucial for the vendors to provide cost-efficient and high-quality maritime VSAT in order to sustain in an intensely competitive market environment.

Quantitative Analysis

Regional Breakdown

Regional market breakdown for Maritime VSAT Market.

Regional Market Size (USD Mn)

Market estimates by geography (2024)

Asia Pacific$0.80B

Rest of the World$0.46B

Europe$1.04B

North America$2.34B

USD Mn

InsightNorth America leads with $2.34B by 2024, while Asia Pacific is projected to grow fastest at a 15.1% CAGR.

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Regional Market Data

REGION	2017	2017	2024	CAGR	SHARE
Asia Pacific	$299.70M	$526.30M	$801.40M	15.1%	17%
Rest of the World	$218.30M	$334.60M	$455.60M	11.1%	10%
Europe	$403.80M	$692.20M	$1.04B	14.4%	22%
North America	$986.10M	$1.62B	$2.34B	13.1%	50%
Total	$1.91B	$3.17B	$4.63B	13.5%	100%

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Segment Revenue (2024)

Ku-Band

C-Band

High-Throughput Satellites (HTS) Band

L-Band

00.751.52.253

Ku-Band40%
C-Band26%
High-Throughput Satellites (HTS) Band18%
L-Band16%

Total Market Size

$4.63B

Market by Segment (2024)

APPLICATION	REVENUE ($B)	GROWTH RATE	MARKET PENETRATION
Ku-Band	$1.87B	14.5%	40%
C-Band	$1.20B	14.0%	26%
High-Throughput Satellites (HTS) Band	$837.10M	11.2%	18%
L-Band	$718.60M	13.1%	16%

* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.

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Analytics

Maritime VSAT Market — Key Findings

Analytical insights on Maritime VSAT Market covering market dynamics, competitive landscape, and strategic outlook.

Key Analytical Findings

The Maritime VSAT Market market is projected to reach $4.63B by 2024, growing at 13.5% CAGR. The Ku-Band segment holds the largest share.

Market Dynamics

The global maritime VSAT market is expected to witness high growth over the next five years. Market growth is expected to be driven by the increasing adoption of maritime VSAT and surge in international seaborne trade. However, the growth of the market may be hindered due to vulnerabilities to cyberattacks.

Market Drivers

Satellite-based connectivity plays a critical role in the maritime industry. As the need for continuous real-time communication between ship owners, passengers, crew, and on-ground staff grows, there have been advancements in technologies such as VSAT. The advent of VSAT broadband services has led to a shift away from traditional L-band connections that ship operators have relied on for decades. VSAT services help meet the demand for high-speed broadband that can support bandwidth-intensive applications such as watching online videos, using Internet protocol-based telephony services, and downloading music.

Moreover, satellite broadband enables operators to improve daily operations, increase profitability, and improve life onboard for crew members. The availability of efficient broadband has also enabled the tracking of containers and valuable goods in real time. Over time, the digitization of the maritime industry is expected to transform vessels into smart ships, resulting in more competition.

The above figure shows that there has been a significant increase in Internet usage from 2015 to 2018. Hence, the rising adoption of maritime VSAT is driving the growth of the global maritime VSAT market.

Market Opportunities

The rise in demand for seafood has led to the expansions of fisheries and aquaculture. The fishing industry in India employs over 14 million people, while the number of direct and indirect employees in Chinese fisheries is nearly 42.4 million. However, most of the vessels, especially in developing countries such as India and China, lack proper navigation systems. Hence, the governments in these countries are extending financial assistance to fisheries to integrate marine navigation systems for precise navigation, tracking fish migrations, and other applications. Marine navigation systems require Internet access for operation. Internet broadband provided by VSAT can also offer satellite communication and deliver real-time, accurate weather and navigation data. This can help save time and fuel costs, outweighing the vessel’s communications expenses. Therefore, the upgrading of fishing vessels with marine navigation systems offers promising growth opportunities to market players.

Market Restraints

Military vessels that rely on VSAT for satellite communication in remote areas have been found to be vulnerable to cyberattacks. For instance, the cyber intelligence company IntelCrawler found that of the 3 million VSATs installed on military and commercial vessels, around 10,000 could be easily accessed due to configuration weaknesses. The terminals with data transmission rates between 4 Kbps to 16 Mbps used in narrowband and broadband data transmission were found more vulnerable to cyberattacks.

VSATs are most commonly used to transmit narrowband data such as credit card information, RFID data, broadband data for VoIP or video by using the satellites in geosynchronous orbit. VSATs can be easily hacked due to poor password policies and default settings.

Therefore, the vulnerabilities of VSATs to cyberattacks are expected to hamper market growth to an extent.

Strategic Outlook and Future Directions

Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.

Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.

Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.

Market Value by Segment (2024)

Value (USD Mn)

Ku-Band

C-Band

High-Throughput Satellites (HTS) Band

L-Band

Companies

Key companies profiled in Maritime VSAT Market

Profiles of 106 companies operating in the Maritime VSAT Market market, including revenue, employee count, and market positioning where available.

Region

Industry

Founded Year

Showing 106 of 106 companies

Speedcast

Speedcast International Limited

Aerospace

Company Headquarters: Botany, Australia Founded: 1983 Workforce: ~1,500 Company Working: Speedcast International Limited (Speedcast), together with its subsidiaries, provides end-to-end remote communication and IT solutions. The company designs, integrates, secures, and optimizes networks tailored to customer needs by utilizing its extensive local support. It also offers value-added services, such as user applications, network optimization, and network monitoring and management. Furthermore, it sells network equipment directly to customers comprising satellite terminals, routers, modems, and other types of equipment related to the provision of network and value-added services. Speedcast serves more than 2,000 customers in over 140 countries via 39 teleports, including offshore rigs and cruise ships.

EchoStar Corporation

Company Headquarters: US Founded: 2007 Workforce: 2100 Company Working: EchoStar Corporation offers video delivery solutions and satellite service operations globally. The company engages in the development, design, and distribution of digital set-top boxes, along with products for direct-to-home satellite service providers. The company operates through two segments—Hughes and EchoStar Satellite Services. The EchoStar Satellite Services segment provides satellite service operations and video delivery solutions to Internet service providers, broadcast news organizations, corporates, the US government service providers, programmers, and private enterprise customers. The Hughes segment provides solutions to homes and small offices. The EchoStar Satellite Services segment offers solutions for aeronautical, enterprise, governments, broadband network technologies, managed services, equipment, hardware, satellite services, and communication. The company also designs and installs gateways and terminal equipment for various satellite systems.

1.1.1 Business Overview Company Headquarters: US Founded: 1986 Workforce: ~10,000 Company Working: Viasat is a provider of networking and communication solutions. It operates its business under three verticals namely satellite services, commercial networks, and government systems. Under satellite services, Viasat provides Internet, telephony and digital television services. The enterprise VSAT market falls under its satellite services business segment. Under the commercial services segment, the company provides Internet services for businesses such as office broadband, aviation, and Internet, machine-to-machine (M2M) satellite communications, and professional and managed cybersecurity services. The government systems segment provides airborne mobile broadband for government missions, antenna systems, high-capacity satellite systems and terminals, multifunctional information distribution systems (MIDS) tactical data links, and others. Viasat serves in North America, Europe, the Middle East, and Asia-Pacific. Viasat is vying for organic growth in the enterprise VSAT market through its state-of-the-art Viasat -1,2, and 3 satellites for satellite broadband connectivity. The company is also increasing its footprint in the residential broadband and Wi-Fi markets by providing solutions for small and medium-sized businesses and offering public Wi-Fi hotspots. The company also aims to expand the commercial networks segment through in-flight Wi-Fi offerings with the US and Mexican airlines.

INMARSAT PLC

Company Headquarters: London, UK Founded: 2003 Workforce: ~1,825 Company Working: Inmarsat PLC is one of the leading providers of mobile satellite communications. The company’s global sales and marketing activities are operated through five business units, namely, Inmarsat Maritime, Inmarsat US Government, Inmarsat Global Government, Inmarsat Enterprise, and Inmarsat Aviation. Inmarsat Aviation division focuses on in-flight voice, data, safety services and cabin connectivity, for both business and commercial air transport. The company has its presence in more than 60 locations across every continent and provides services through a worldwide network of independent Distribution Partners (DPs) and Service Providers (SPs). Its customers include governments, airlines, the broadcast media, the oil and gas industry, mining, construction, and humanitarian aid agencies, among others. It owns and operates a total of 13 spacecraft flying in geostationary orbit.

Raytheon Company

Company Headquarters: Waltham, Massachusetts, US Founded: 1922 Workforce: ~60,000 Company Working: Raytheon Company develops combined products, services, and solutions for defense and other government sectors worldwide. It operates through five segments, namely integrated defense systems (IDS), intelligence, information, and services (IIS), missile systems (MS), space and airborne systems (SAS), and force point. The IDS segment provides integrated airborne and missile systems; land and sea-based radar solutions; control, computers, communications, cyber, and intelligence solutions; and ship electronic systems. The IIS segment provides a number of technical and professional services, such as intelligence, surveillance, and reconnaissance, navigation, cybersecurity, analytics, training, logistics, mission support, and air traffic management systems. The SAS segment offers secure sensor solutions, intelligence, surveillance, and reconnaissance systems (ISRS), electronic warfare systems, space systems, and integrated communication systems. It assists the US Department of Defense (DOD), the US Intelligence Community, the US Armed Forces, National Oceanic and Atmospheric Administration, Federal Aviation Administration, Department of Homeland Security, National Aeronautics and Space Administration, and other international customers.

Waltham, Massachusetts, US

SageNet In

SageNet Inc.

Aerospace

Company Headquarters: Reston, Virginia, US Founded: 1981 Workforce: ~450 Company Working: SageNet Inc. is engaged in the design, implementation, and management of networks for retail, financial, healthcare, and energy organizations. It offers satellite services that include VSAT, broadband global area network, and emergency communications services. It also offers business continuity awareness and management services, which include disaster recovery and emergency communications services and professional and lifecycle support services.

Page 1 of 18

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About the Author

Aerospace Research Team

Aerospace

Wantstats' aerospace and defense team wrote this report from primary sources — program budgets, contractor data, and direct conversations with people close to these projects. Every figure has been checked against proprietary datasets and reviewed internally before release.

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This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Maritime VSAT Market

Maritime VSAT Market Research Report: Size, Share, Trend Analysis Type (Ku-Band, C-Band, L-Band, High-Throughput Satellites (HTS) Band), Application (Military & Defense, Civil & Commercial) and By Region (Asia Pacific, Rest of the World, Europe, North America) - Growth Outlook & Industry Forecast To 2024

Starting from

$4,950

Maritime VSAT Market

Key Insight

Market Performance Trend

Market Scope & Coverage

What this report covers

Maritime VSAT Market — Growth Trajectory

Market Size Trend (USD Mn)

Market Dimensions

How this market is segmented

Geographic Analysis

Regional market breakdown

Problem Definition

Secondary Research

Primary Research

Data Analysis

Insights & Reporting

Research Depth

Historical vs. Forecast Data

Competitive Landscape & Porter's Five Forces

Maritime VSAT Market — Competitive Analysis

Regional Market Data

Segment Revenue (2024)

Segment Market Share

Market by Segment (2024)

Save over 20% onAnnual Subscription

Key Analytical Findings

Market Dynamics

Market Drivers

Market Opportunities

Market Restraints

Strategic Outlook and Future Directions

Market Value by Segment (2024)

About the Author

Aerospace Research Team

Market Performance Trend

Maritime VSAT Market — Growth Trajectory

Market Size Trend (USD Mn)

Market Dimensions

How this market is segmented

Geographic Analysis

Regional market breakdown

Problem Definition

Secondary Research

Primary Research

Data Analysis

Insights & Reporting

Research Depth

Historical vs. Forecast Data

Competitive Landscape & Porter's Five Forces

Maritime VSAT Market — Competitive Analysis

Regional Market Data

Segment Revenue (2024)

Segment Market Share

Market by Segment (2024)

Save over 20% onAnnual Subscription

Key Analytical Findings

Market Dynamics

Market Drivers

Market Opportunities

Market Restraints

Strategic Outlook and Future Directions

Market Value by Segment (2024)

About the Author

Aerospace Research Team

Save over 20% on
Annual Subscription

Save over 20% on
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