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LATAM VSAT Maritime Antenna Market - Forecast(2024 - 2030)
LATAM VSAT Maritime Antenna Market Overview
LATAM VSAT Maritime Antenna Market is anticipated to reach $220 million by 2026 with a CAGR of 13.2% in the forecast period 2021-2026. Increasing demand from passengers, as well as regulatory pressure on communications and crew welfare are major factors pushing maritime operators to install new generation satellite systems on their vessels. In addition, decreasing prices for capacity and terminals encourage increased VSAT services adoption. In addition, High throughput satellite (HTS) capacity is rising fast and is expected to grow even faster in the forecast period, as new operators enter the market.
Hardware,
such as receiving antennas and modems, is also evolving rapidly integrating
technology such as block
upconverter, orthomode transducer and low-noise block downconverter. Smaller,
lighter, and more efficient antenna systems are gaining traction as the LATAM
VSAT Maritime Antenna industry constantly evolves and finds new applications in
satellite news gathering, digital audio broadcasting. Moreover, rise in
adoption of VSAT Block up Converters (BUCS) for all military and commercial
satellite applications such as satellite
news gathering and digital audio broadcasting among others is also accelerating
the LATAM VSAT Maritime Antenna market size in the forecast period 2021-2026.
LATAM VSAT Maritime Antenna Market Report Coverage
The
report: “LATAM VSAT Maritime Antenna Market
– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the
following segments of the LATAM VSAT Maritime Antenna market
By Band: Int Ku-Band,
Ka Band, C-Band, L-Band, Others
By Payloads: Merchant
Vessels Passenger Vessels, Offshore Vessels, Naval Vessels, Fishing Vessels and
Others
By Application: IP-enabled
Bridge, Vessel Operation, Crew Communications and Others
By Geography: Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador
and Others
Key Takeaways
- Mexico dominated the LATAM VSAT Maritime Antenna market by a market share of more than 35% in 2020, owing to rapid adoption and deployment of low cost cloud solutions, network and satellite communication for shipping and offshore industry.
- Ka-band in LATAM VSAT Maritime Antenna Market is anticipated to grow at a high CAGR of 16.1% owing to the advantage of providing increased spectrum compared to C-band and Ku-band by enabling greater volumes of traffic to be transmitted.
- The IP-based applications is expected to grow at a highest CAGR of 17.5% due to the adoption of IP-based applications for better management of logistics with real time reporting.
- LATAM VSAT Maritime Antenna Market top 10 companies include Satpro M&C Tech Co.,Ltd, Intellian Technologies, Inc., Cobham Plc, Furuno Electric Co.,Ltd., Gilat Satellite Networks, Kns Inc. EchoStar Corporation, Viasat, Inc., Inmarsat Plc, Speedcast International, among others.
LATAM VSAT Maritime Antenna Market Segment Analysis - By Band
Ka-band in LATAM VSAT Maritime Antenna Market is anticipated to grow at a CAGR of 16.1% in the forecast period 2021-2026. As this band provides increased spectrum compared to C-band and Ku-band by enabling greater volumes of traffic to be transmitted, the adoption is rising. Many industries are deploying Ka-band owing to its smaller antennas (VSATs), increased mobility and higher bandwidths and speeds along with integration of block upconverter, orthomode transducer and low-noise block downconverter.technologies. Owing to these advantages several companies have been launching these Ka-band services.
In 2018, HISPASAT has Launched Ka-band Connectivity Services in Mexico to Extend High-Quality Internet Access. Similarly, several other companies are also planning to launch these solutions in order to gain traction in the market. Hence these benefits and developments are analysed to drive the market for LATAM VSAT Maritime Antenna in the forecast period 2021-2026.
LATAM VSAT Maritime Antenna Market Segment Analysis - By Application
IP-based applications are expected to grow at a highest CAGR of 17.5% during the forecast period. The adoption of IP-based applications is a common trend witnessed in the global Maritime VSAT Antenna market. As organizations are turning into bigger enterprises and experiencing growth, the need for IP based applications for better management of logistics with real time reporting is also rising. Similarly, the demand for IP based systems in commercial vessels which need high-speed connections to track on-board business, vessel management solutions and other is increased. Further, several vessel owners are providing on-board broadband connectivity and VoIP connectivity to retain their crew members.
For instance, the iDirect system involves a very efficient form of
time division multiple access (TDMA), called multi-frequency (MF), which allows
several ships to share the same inbound protocol capacity. This protocol is
known for its dynamic nature, guarantees fast response time, and is designed to
meet a variety of service level agreements (SLAs). Hence these benefits are
analysed to drive the market in the forecast period 2021-2026.
LATAM VSAT Maritime Antenna Market Segment Analysis - By Geography
Mexico dominated the LATAM VSAT Maritime Antenna market by a market share of more than 35% in 2020, as it is a developed economy whose GDP is majorly dependent on the manufacturing sector including transportation, marine sector and so on. The market for VSAT antenna is increasing owing to the rapid adoption and deployment of low cost cloud solutions as well as network and satellite communications for shipping and offshore industry. Moreover rising support from the government of the region in the form of investments and initiatives for developing marine sector is also enhancing the market growth in the forecast period 2021-2026.
LATAM VSAT Maritime Antenna Market Drivers
Adoption of Modern technologies
Adoption of VSAT owing to its improved communication reliability and efficiency is growing rapidly in the forecast period. VSAT technology is widely adopted by naval forces and coastal security due to its enhanced characteristics such as easy installation, cheaper cost and smaller size. Moreover high security solutions provided by VSAT technology to protect from seaborne threats and obstructions is also driving the end user to deploy this technology. Hence these benefits are analyzed to drive the market in the forecast period 2021-2026.
The increasing need for data communication in the marine industry
With the increase in sophistication and need
of reliable data communications across remote marine regions, the scope of
maritime antenna systems has increased. The growing communication needs of
ships, vessels, rigs, and naval sector to maintain operational efficiency, on-board
security as well as employee and passenger safety has resulted in increasing
demand for bandwidth and data communication terminals. Moreover, maritime VSAT
Antenna has wide applications in maritime assistance, medical assistance,
emergency calling, employee welfare, passenger assistance and enhanced maritime
security, vehicle telemetry, and other remote services. In addition growing
need to communicate with other ships to receive and send urgent maritime safety
information, distress alerts in an emergency to or from rescue coordination centers
ashore and from nearby ships is driving the market in the forecast period 2021-2026.
LATAM VSAT Maritime Antenna Market Challenges
High Cost required for deployment and rising alternative technologies
The high Cost required for deploying VSAT antenna, especially for Naval,
merchant and other vessels is limiting their adoption. For instance to install
a stabilized Ku-band
antenna like the SeaTel 4006 or 4009, the Orbit 7103 or the KNS Z10 costs in
the region of $50,000 to $60,000. Hence the high cost related to deployment affect
the market growth in the forecast period. Moreover rising adoption of Internet
leased line, 4g cellular and other technology adoptions are set to hamper the
market in the forecast period 2021-2026.
LATAM VSAT Maritime Antenna Market Landscape
Partnerships,
acquisitions, and R&D activities are key strategies adopted by players in the LATAM VSAT Maritime Antenna Market. In 2020, the
market of LATAM VSAT Maritime Antenna Market industry outlook has been
consolidated by the top five players accounting for more than 50% of the market
share. LATAM VSAT Maritime Antenna Market top 10 companies
include Satpro M&C Tech Co.,Ltd, Intellian
Technologies, Inc., Cobham Plc, Furuno Electric Co.,Ltd., Gilat Satellite
Networks, Kns Inc. EchoStar Corporation, Viasat, Inc.,
Inmarsat Plc, Speedcast International,
among others.
Acquisitions/Technology Launches
In November 2019, Intellian
has launched 1.25 meter KU-KA convertible NX Series future?proof,
performance-leading and low lifecycle cost VSAT antenna portfolio. The v130NX
is a flexible system supporting Ku-band and Ka-band (2.5 GHz Wide) networks.
Related Reports
Maritime Antennas Market - Forecast(2021 -
2026)
Report Code: ITR 0036
Report Code: ITR 10278
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