Maritime Satellite Communication growing at a CAGR of 11.1% from 2025 to 2033

The global maritime satellite communication market size was estimated at USD 4.33 billion in 2024, and is projected to reach USD 11.03 billion by 2033, growing at a CAGR of 11.1% from 2025 to 2033. The rising need for reliable and cost-effective communication services at sea is driving growth.

Key Market Trends & Insights

  • Asia Pacific maritime satellite communication market accounted for a 34.6% share of the overall market in 2024.
  • The maritime satellite communication industry in the China held a dominant position in 2024.
  • By type, the very small aperture terminal segment accounted for the largest share of 65.9% in 2024.
  • By revenue source, the hardware segment held the largest market share in 2024.
  • By end use, the commercial vessels segment dominated the market in 2024.

Market Size & Forecast

  • 2024 Market Size: USD 4.33 Billion
  • 2033 Projected Market Size: USD 11.03 Billion
  • CAGR (2025-2033): 11.1%
  • Asia Pacific: Largest market in 2024

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Maritime telecommunication equipment has become the standard for short as well as long-term voyaging. Reliable communication has become an indispensable part of maritime transport, whether it’s recreational boats, mega yachts, commercial fishing, or other naval transport. Cellular services are only available within the offshore areas and have a limited range wherein they function properly. A satellite network is used as a solution to mitigate communication issues and offer services that have a competitive advantage over land-based communications.

In the past, satellite network was used for communication between ships to shore and with other marine vessels. Now, the role of satellite communication has transformed from voice calls to additional user-oriented data services, such as entertainment, tracking, and monitoring services. These equipment have become ubiquitous owing to its diverse applications, such as DTH broadcasting, disaster management, voice calls, weather forecasting, and navigation, among others.

Receiver, transmitter/transponder, transceiver, antenna, modem/router, and satellite phone are the prominent communication equipment deployed on marine vessels. This equipment also finds application in air and marine navigation and meteorological monitoring. Although marine satellite communications are becoming ever more crucial, the solutions that work on land do not typically operate at sea. Continuous R&D in the field is leading to minimizing the size of antennas and increasing the rate of data transfer to reduce the time lag. This factor is positively influencing the growth of the market.

Marine satellite communication equipment used for naval defense forces helps deal with aerial monitoring, sending and receiving a distress call, and navigational requirements. Moreover, growing investment across various regions to upgrade legacy systems in the naval fleet is likely to propel demand over the forecast period. The defense and security sector has to maintain communications with zero time lag to evade challenges, such as pirate activities, inter-country conflicts, and border infiltrations, among others. Thereby, marine satellite communication is gaining attention among coast guards, naval forces, and other security organizations.

Maritime Satellite Communication Market Report Scope

Report Attribute

Details

Market size value in 2025

USD 4.74 billion

Revenue forecast in 2033

USD 11.03 billion

Growth rate

CAGR of 11.1% from 2025 to 2033

Base year for estimation

2024

Historical data

2021 – 2023

Forecast period

2025 – 2033

Quantitative units

Revenue in USD million/billion and CAGR from 2025 to 2033

Report revenue source

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Type, revenue source, end use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; Mexico; Germany; UK; France; China; Japan; India; South Korea; Australia; Brazil; KSA; UAE; South Africa

Key companies profiled

Inmarsat Global Limited; Iridium Communications Inc.; Leonardo S.p.A.; Thuraya Telecommunications Company; ViaSat Inc.; Orbcomm Inc.; KVH Industries, Inc.; Singapore Technologies Engineering Ltd; EchoStar Corporation; Kongsberg Maritime AS

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

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