Global Maritime VSAT Market 2017-2021

Overview of the global maritime VSAT market

The global maritime VSAT market is anticipated to grow rapidly and will post a CAGR of close to 14% during the forecast period. The growing adoption of satellite communication to monitor oil and gas rigs will drive the growth prospects for the global maritime VSAT market in the forthcoming years. Also, to prevent financial loss associated with the leakage of oil and gas through pipelines, it is necessary to monitor the transportation of oil and gas constantly. Supervisory control and data acquisition (SCADA) is a system, which is used for remote surveillance, monitoring, and maintenance of these pipelines. In addition, on-field monitoring processes include the measuring of flow speed, pressure, and temperature using the instrumentation units such as the transmitters, data gathering units, and communication units such as VSAT earth stations. These instrumentation units are deployed along with pipelines at specific locations such as delivery stations, pump stations, compressor stations, and block valve stations. Furthermore, the remote VSAT stations located in the pipelines uses satellite communication to provide effective and constant surveillance by transferring the data to the central SCADA control room. Moreover, the same satellite communication technology is used to monitor oil and gas rigs. Some of the major factors responsible for the growing demand for these systems is its easy installation, inexpensiveness, and effectiveness in maintaining pipelines.

In terms of geography, EMEA accounted for the maximum market share during 2016 and will continue to dominate the market for the next four years. Major factors responsible for the market’s growth in the region is the growing use of satellite communications for archaeological and emergency activities and the prevailing national conflicts in MEA.

Competitive landscape and key vendors