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The Growing Value Of VSAT At-Sea: An iDirect

Wednesday, October 07, 2015   (0 Comments)
Posted by: SatMagazine
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Today, more than 20,000 maritime vessels sailing around the globe are online—thanks to satellites. Going forward, an additional 51,000 could be set to communicate ship-to-shore using this technology—representing 71 percent of the total market. This is a significant figure, cited within the fourth annual comsys Maritime VSAT Report, especially when you consider that the addressable market for maritime once stood at only 10,000. In fact, between 2012 and 2013, VSAT installations increased by 25 percent, while service revenues grew by 15 percent, now totaling $1.3 billion.

Read the full story at satmagazine.com.


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