NSR’s Maritime Satellite Markets report, released today, projects the market is entering the next phase of development aided by higher bandwidth offerings, increased regulations and a more demanding addressable market. In total, NSR forecasts the maritime satcom market to generate almost $4 Billion in revenues, demand for 200 transponders of FSS capacity and 28 Gbps of HTS capacity, and over 1 Million In-service Units by 2022.
“With the launch of GEO-HTS maritime services just on the horizon and MEO-HTS not far behind, maritime markets are on the cusp of a bandwidth revolution — yet, more data can also come in small bytes,” explains Senior Analyst and report author, Brad Grady. “Narrowband MSS will account for a majority of maritime satellite terminals, enabling everything from engine monitoring, to safety and distress. However, broadband continues to be a major driver of revenues and In-service Units across all sectors of the maritime market.” FSS C-band continues to grow — but is vastly outpaced by FSS Ku-band and HTS solutions. GEO HTS from 2012 – 2022 will add almost as many In-service Units as FSS Ku-band.
By 2022, Merchant Maritime will account for the majority of the 1 Million In-service Units. However, passenger markets demand more bandwidth — accounting for demand of almost 60 transponders of FSS capacity, and over 6 Gbps of HTS capacity. Government and military markets face near-term budget problems, but are expected to recover fully by 2022. The offshore market continues on a growth-path, adding more than 50,000 In-service Units over the next ten years. And, although the fishing market is the largest addressable market — it still remains a limited opportunity for satellite players.
About the Report
NSR’s Maritime Satellite Markets report builds on NSR’s series of Mobile Satellite Services report. This maritime focused report explores the important trends, drivers, and restraints moving and shaping the maritime satellite market. Leveraging NSR’s years of research into this vertical, the report provides a completely fresh and up-to-date assessment of the market, combined with key data-points on In-service Units, Revenues, and Bandwidth evolutions for the next ten years on a region-by-region basis across the major maritime segments: Merchant, Passenger, Government & Military, Offshore, and Fishing. For additional information on this report, including a full table of contents, list of figures and executive summary, please visit www.nsr.com or call NSR at 617-576-5771.
About NSR
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.
