Full Speed Ahead: HTS Spurs Change in Maritime

From Gottlieb’s Satellite Mobility World

Denis SutherlandBy Denis Sutherland, Director of Business Development

Consider the following findings from the fourth edition of the COMSYS Maritime VSAT Report:

  • Between 2012 and 2013, VSAT installations increased by 25% and service revenues grew by 15%
  • By 2018, there will likely be 44,242 vessels with VSAT, which is more than double COMSYS’ last recorded number in 2013
  • VSAT data rates in some segments have increased from 10Mb in 2007 to 100Mb in 2013
  • Commercial freight service VSAT revenues are likely to reach $506 million in 2018, accounting for roughly one-third of the total maritime market
  • VSAT service revenues for oil rigs and oil and gas maritime vessels are projected to reach $498 million by 2018
  • Cruise market service revenues have a projected value of $135 million by 2018

The Challenge: Meeting Increasing Demand

Upshot of all this growth is that as the maritime industry booms, the demand for sufficient bandwidth is rising precipitously. This is true across various segments of the maritime market. Continue>

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