Euroconsult Releases 3rd Edition of the Maritime Telecom Solutions by Satellite Report
Euroconsult today released the 3rd edition of their Maritime Telecom Solutions by Satellite, Global Market Analysis and Forecasts. According to the accompanying press release they expect the Maritime Satellite Communications market to average 7% growth over the next decade.
Euroconsult says the growth will be driven primarily by increased data consumption across all maritime segments as well as the adoption of a new generation of broadband satellite services.
“Onboard bandwidth requirements keep growing which is driving the maritime market in a direction quite beneficial to satellite communications,” said Wei Li, Senior Consultant at Euroconsult and Editor-in-Chief of the research report. “We have observed growth in both ARPU and installations. Over the next year, a number of High Throughput Satellite (HTS) systems will become available in the maritime market, aimed at delivering three times more capacity by the end of 2014 and six times more capacity by the end of 2016. This additional capacity will drastically change the relationship between supply and demand in the market, and enable a range of new applications for the maritime community.”
