In 2015 the global maritime satellite communications market reached close to 338,000 terminals, $953 million in revenue at the satellite operator level and $1.7 billion in revenue at the service provider level.
The value of the maritime satcom market will continue to grow over the next decade, with a CAGR of 5% in terminals and revenue over the 10-year period. Ever-increasing data communications needs and the massive launch of new generation High Throughput Satellite (HTS) systems are expected to drive growth.
Regarding MSS services, competition and migration to VSATs will continue on large vessels. However, the development of smaller and cheaper MSS broadband ternimals covering basic communications needs of small vessels will open up a new market for MSS broadband. This low-ARPU yet high-volume vertical market is expected to be the main growth driver for MSS services. Consolidation in the sector is expected to continue and will benefit service providers with higher purchasing power and economies of scale.