Maritime Satellite Communication Market To Reach $11.03 Billion By 2033

Maritime Satellite Communication Market Growth & Trends

The global maritime satellite communication market size is expected to reach USD 11.03 billion by 2033, registering a CAGR of 11.1% from 2025 to 2033, according to a new report by Grand View Research, Inc. The rising need for reliable and cost-effective maritime communication services at sea is driving the market growth.Rising adoption of satellite communication for additional user-oriented services, such as entertainment, tracking and monitoring services is also expected to fuel revenue growth in the forthcoming years.

Maritime satellite communication is a crucial part of naval, commercial, leisure and oil rig and support vessels. Its services include voice calling, weather and oceanographic data access for navigation and fishing, data services for email and internet access as well as for tracking the location of the marine vessel.

Timely delivery has become a dynamic factor for the shipping industry. The industry is striving to achieve it by making high investments in R&D activities. The shipping industry uses satellite vessel tracking service to keep the shore-side operations informed about the location and to achieve timely delivery. Maritime communication services also provide distress warning whenever necessary, which is also one of the most influential factors driving the adoption of maritime satellite communication.

Technological innovation such as reduction in dish size and cost of data usage is expected to drive demand for installation of new VSAT services in place of MSS services. The adoption of VSAT with KU and KA band frequencies, will also provide immense growth opportunity for the market. Also, huge investments which are made by key manufacturers of maritime communication equipment, to introduce new comparatively cheaper satellite communication equipment is expected to boost the market. However, the high cost of equipment and satellite communication services may hinder the growth.

 Request a free sample copy or view report summary: Maritime Satellite Communication Market Report

Maritime Satellite Communication Market Report Highlights

• The very small aperture terminal (VSAT) segment accounted for the largest share of 65.9% in 2024. This growth is attributed to the advantages of VSAT over Mobile Satellite Services (MSS), such as reduced time lag, global coverage, and others. 

• The hardware segment held the largest market share of 61.3% in 2024. Hardware components are utilized in large volumes, and the cost associated with them is very high. 

• The commercial vessels segment dominated the market in 2024. The growth of the segment is attributed to the rising trade activities using commercial vessels in key emerging countries such as China, Brazil, and India, among others. 

• The naval vessel segment is projected to grow at the fastest CAGR of 12.0% over the forecast period. The growing need for real-time situational awareness and secure communications during defense and military operations fuels the growth of the market. 

• Asia Pacific maritime satellite communication market accounted for a 34.6% share of the overall market in 2024. Asia Pacific maritime satellite communication industry is anticipated to grow at a CAGR of 13.5% during the forecast period

Maritime Satellite Communication Market Segmentation

Grand View Research has segmented the global maritime satellite communication market report based on type, revenue source, end use, and region:

Maritime Satellite Communication Type Outlook (Revenue, USD Million, 2021 - 2033)

• Very Small Aperture Terminal (VSAT)

  • Ka-Band

  • C-Band

  • Others

• Mobile Satellite Services (MSS)

Maritime Satellite Communication Revenue Source Outlook (Revenue, USD Million, 2021 - 2033)

• Hardware

• Software

• Services

Maritime Satellite Communication End Use Outlook (Revenue, USD Million, 2021 - 2033)

• Naval Vessel

• Commercial Vessels

• Leisure Vessels

• Offshore Oil Rigs

Maritime Satellite Communication Regional Outlook (Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • KSA

  • UAE

  • South Africa

List of Key Players in Maritime Satellite Communication Market

• 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