Maritime Satellite Communication Market Opportunity Analysis and Industry Forecast,  2022-2029 | Size, Share and Growth

Need of enhanced data communication in the maritime industry for improved on-board security & surveillance, operation efficiency, and employee/passenger welfare majorly drives the maritime satellite communication market. In addition, less expensive satellite communication technology introductions by key players drives the market by attracting end-users, which were unable to access satellite communication services earlier.

In addition, extensive applications/benefits of satellite communication systems in maritime industry is leading to growing adoption of this systems. However, lack of awareness among end users about these technologies and the need of expensive infrastructure hampers growth of the market.

On the contrary, growing adaptation or implementation of an integrated management system and rise of the cloud-based satellite communication platform providers are key opportunities for the market growth in next few years.

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E-navigation strategy is developed by the International Maritime Organization (IMO) to maintain better communication between ship-to-shore and ship-to-ship. It is facilitating greater data and information exchange between ships. It reduces human error and failure margins by employing a superior functioning system that consist of enriched electronics, navigational tools, and satellite communication systems.

E-navigation systems that are widely being used in the maritime industry includes Automatic Identification System (AIS), Long Range Identification and Tracking Systems (LRIT), Global Maritime Distress Safety System (GMDSS), Automatic Radar Plotting Aids (ARPA), Integrated Navigation Systems (INS), Integrated Bridge System (IBS), and Electronic Chart Display and Information System (ECDIS).

Major players analyzed include Panasonic Corporation, Honeywell International Inc., Texas Instruments Incorporated, Emerson Electric Company, ABB Ltd., NXP Semiconductors, Microchip Technology Incorporated, ABB Limited, On Semiconductor, and Maxim Integrated.

Autonomous ships are aimed at making ships self-drivento increase productivity and competency, thus allowing smooth functioning of tasks. It minimizes human errors and reduces manpower required for operations on ships.

Presently, these types of mostly unmanned ships are being experimented,which areequipped with several upgraded technologies such as tracking systems, a positioning system for being informed about different routes, advanced sensors to avoid obstacles, and control systems to operate these ships from the teams at the shore if needed. These ships are constantly connected with the onshore teams and hence, this trend of autonomous ships fuels growth of maritime satellite communication market.

Key benefits of the report:

  • This study presents the analytical depiction of the global maritime satellite communication industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global maritime satellite communication market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global maritime satellite communication market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global maritime satellite communication market analysis based on competitive intensity and how the competition will take shape in coming years.

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