The new report recognizes the following companies as the key players in the Global Maritime VSAT Market: Harris CapRock Communications Inc., Hughes Satellite Systems Corp., Inmarsat plc, KVH Industries Inc., RigNet Inc., ViaSat Inc. and VT iDirect Inc.
Other Prominent Vendors in the market are: STM Networks Inc., Comtech Telecommunications Corp., Vizada (EADS Group), MTN Satellite Communications Inc., Eutelsat, OmniAccess, Radio Holland, SpeedCast, Satcom and Telespazio.
Commenting on the report, an analyst from the report's team said: “One major trend in the market is the adoption of IP-based applications. Most organizations are growing their business and are turning to bigger enterprises, thereby creating a need for IP-based applications for better logistics management with real time reporting.”
According to the report, one of the main drivers in this market is the need to reduce operational cost. Shipping organizations are focusing on reducing operational cost. Operators can curb operational cost with the help of VSAT as it provides fixed monthly charges facility.
Further, the report states that one of the major challenges is on-board technical issues. The installation process is often cumbersome including point/peak of the antenna, alignment of its polarization, and then setting the transmit power.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.