NSR's Maritime Satellite Markets report 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.