The need for improved data communications in the shipping industry for improved onboard security and surveillance, operational efficiency and employee/passenger welfare is driving the Maritime Satellite Communications Market. Additionally, lower cost adoption of satellite communications technologies by key players is driving the market by attracting end-users who previously did not have access to satellite communications services.

Furthermore, extensive applications/advantages of satellite communication systems in the marine industry lead to an increasing acceptance of these systems. However, the lack of end-user awareness of these technologies and the need for expensive infrastructure are restraining the growth of the market. On the contrary, the increasing adoption or implementation of an integrated management system and the rise of cloud-based satellite communication platform providers are major opportunities for the market growth in the next few years.

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Impact of COVID-19 on Maritime Satellite Communications Market:

• Widespread economic shutdowns due to the pandemic caused an unprecedented slump in the cruise sector, along with significant short-term disruption caused by the collapse in oil prices.
• Cruise lines and ships repatriate crew members. Post-pandemic, however, they would have to transport goods, recruit crew members and provide essential services.
• Maritime end users are looking for ways to operate safely in the current situation as well as after the pandemic; Therefore, the demand for connectivity per ship may continue to increase.
• Regulatory pressures on crew welfare and communications is the main factor driving shipping companies to install new generation satellite communications systems on their ships.

The e-navigation strategy is being developed by the International Maritime Organization (IMO) to maintain better ship-to-land and ship-to-ship communications. It allows larger…