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Maritime Satellite Communications Market to See NGSO Dominance
Paris, France [June 13, 2025] – Novaspace, a leading space consulting and market intelligence firm, has issued the 13th edition of its Maritime Satellite Communications Outlook, analyzing significant developments impacting this rapidly expanding market segment. This report details trends in the maritime satellite communications market.
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As the number of vessels utilizing satcom solutions grows to 125,000 by 2034, the dependence on GEO capacity is anticipated to diminish. Vessels are increasingly transitioning their primary bandwidth from GEO to NGSO connectivity, which is projected to drive a sevenfold surge, from 286 Gbps in 2024 to 2 Tbps throughout the decade, fundamentally reshaping the market.
Starlink’s Impact on Maritime Satcom
“This significant transformation became apparent in 2024 as Starlink established its presence in the market,” says Vishal Patil, project manager at Novaspace. “Starlink disrupted the maritime satcom market via its official service launch, influencing the sector in nearly every aspect. They can expect to maintain their first-mover advantage, particularly in the near term.”
NGSO Capacity Market Share Growth
Consequently, the NGSO capacity market share is forecasted to rise from 85% in 2024 to approximately 98% by 2034. Concurrently, the market share of NGSO-based service revenues will also expand, reaching 93% by the decade’s end. Starlink’s market strategies are redefining the competitive environment, challenging the positioning of established GEO players; however, GEO utilization will persist. Novaspace observes that large vessel operators are cautious about relying exclusively on NGSOs for their total connectivity requirements. These operators are opting to integrate existing GEO solutions with NGSO connectivity options, altering established market dynamics and unlocking new avenues.
Revenue Projections and Market Stabilization
Looking forward, as addressable market growth accelerates, service revenues are poised to reach $3.3 billion by 2034, further bolstered by increases in specific service Average Revenue Per User (ARPUs). In the past year, vessel operators refined previous budget increases by negotiating situation-specific service contracts. However, Novaspace anticipates market stabilization as the cost of ownership for satcom solutions decreases and new market standards solidify. With escalating prospects in the maritime satcom market, stakeholders must adjust strategic priorities to satisfy demand and maintain their competitive edge.
About the Maritime Satellite Communications Report
Novaspace’s Prospects for Maritime Satellite Communications provides extensive analysis into the developments driving the maritime satellite communication market. The report assesses vital trends across five primary segments:
- Merchant Shipping
- Passenger Ships
- Leisure Vessels
- Fishing Vessels
- Offshore Oil and Gas Market
It provides detailed evaluations of major metrics, encompassing market shares of existing service providers, new entrants, equipment, regulations, and value-added services.
The Classic edition offers a critical strategic outlook, encompassing global trends and forecasts by region and technology, with emphasis on satellite technologies, the impact of NGSO constellations, as well as smart ships and autonomous vessel concepts. The Premium edition includes a comprehensive market database featuring maritime satcom service agreements, maritime service plan pricing, a list of Starlink’s resellers, and an analysis of satcom capacity supply across oceanic regions.
Access the full report here: https://nova.space/hub/product/prospects-for-maritime-satellite-communications/
About Novaspace
Novaspace is a global leader in space consulting and market intelligence, created through the merger of Euroconsult and SpaceTec Partners. This strategic alliance combines the unique strengths of both organizations to greatly broaden our international reach and service offerings. With a legacy of over 40 years of expertise in guiding public and private entities in strategic decision-making, Novaspace delivers comprehensive consulting services, ranging from project strategy definition to execution, while providing data-driven insights on critical issues. Novaspace offers an expanded suite of services, including combined expertise in management and technology consulting, premier executive summits, and market intelligence. Trusted by 1,200 clients across over 60 countries, with offices strategically located in Brussels, London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, Toulouse, and Washington D.C.
Media Enquiries:
Olivia Garnier | Communications Lead – [email protected]