SatNews

Maritime VSAT Report Offers An Ocean Of Info From COMSYS…

COMSYS has just published their first Maritime VSAT Report. This comprehensive study offers market shares, growth rates, annual contract and sales bookings, business trends, industry as well as regional breakdowns with five year forecasts. For current and potential suppliers of maritime VSAT products and services, this report is an invaluable source on the status and future potential of the maritime stabilised VSAT market today.
  • The COMSYS Maritime VSAT Report shows $400 million in revenues in 2007
  • Crew welfare is a significant growth driver
  • COMSYS estimates that 20 per cent of almost 150,000 vessels identified are untapped potential customers for VSAT services
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The Maritime VSAT market is a technically challenging and demanding environment. Nevertheless, COMSYS has seen tremendous growth in recent years with VSAT service revenues increasing at rates in excess of 50 per cent annually. This is due to many factors including end-user demand, advances in the functionality and reliability of the technology allied with reductions in cost. The report segments the global maritime market as follows:
  • High End Commercial
  • Military / Government
  • Commercial
  • Fishing
  • Leisure
  • Inland Waterways
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Lots more information here….