12 Maritime Connectivity Learnings from the Past 12 Months

Valour Consultancy is due to release the 2022 edition of its flagship maritime report in the coming weeks. To whet your appetite for the The Future of Maritime Connectivity, the Valour team unveils a small sample of the headline statistics from this year’s research. This highlights how the market has evolved since we last published this report.

12 Maritime Connectivity Stats You Need to Know:

In 2021, more than 39,700 vessels worldwide were VSAT-equipped, with the associated airtime revenues for those vessels estimated at $1,263 million.
In addition, vessels with highspeed and voice L-band services totalled more than 47,300 and nearly 80,000 vessels on lowspeed/no voice services were active in 2021. Aggregated service charges reached $432 million in the same period.
Combined annual revenues of VSAT and L-band amounted to $1,685 million in 2021, a 42% jump up from 2020.
Inmarsat Fleet Xpress (FX) is now active on 11,500 vessels

Inmarsat had more than 11,500 vessels on its FX platform by the end of 2021 and Valour Consultancy projects a strong possibility this will reach more than 14,000 vessels globally by the end of 2022. Service providers operating as value-added resellers for the satellite operator are now installing more vessels than Inmarsat’s direct retail business, Inmarsat Solutions.
Nevertheless, Marlink remains the largest service provider globally. Valour Consultancy estimates the service provider is now more than twice the revenue size of its nearest competitor and collects 27% of the global retail airtime revenues.
As highlighted in our maritime tracker service, it is easy to ascertain the dominance Marlink plays across most of the verticals in vessel count; 22% in overall merchant, the same portion for containers, 25% in tankers, 20% in bulk carriers, and 21% in offshore energy
Wholesale connectivity revenues for the maritime connectivity market were $1,214 million in 2021; Inmarsat leading the market with almost a third of the total market, followed by Intelsat and SES.
Intelsat recorded the largest portion of VSAT wholesale revenues, with nearly 18% of the global maritime market.
Crew welfare and passenger satisfaction are key drivers of connectivity adoption

The VSAT antenna systems market recorded a remarkable feat in 2021. The number of units shipped and activated globally increased by 70% from 2020, and the average selling price of antenna systems across the board increased to $15,873 per system, up from $11,998. This rebound in the hardware market was, in effect, the “perfect storm” of conditions. Extraordinary freight charges for shipping containers, rebounds in offshore energy, passenger, some shortages in components and big shifts in perceptions.
As with the above point, one company came out on top. Intellian placed first in our VSAT antenna market share and generated roughly $108 million in VSAT antenna revenues. Detailed analysis for the company’s success will be noted in our report.
Looking to the overall market, we continue to see optimistic signs for further growth throughout 2022 and we project nearly 45,500 vessels will have active VSAT systems onboard globally. Associated VSAT revenues could total nearly $1.5 billion this year.
NGSO (MEO and LEO) projections have been included in our report. We start with a handful of active vessels in 2023 and highlight the potential for the new constellation to be a market opportunity of $1.9 billion over the forecast period which spans to the end of this decade.

Thanks for reading. The upcoming report update is the fourth edition of Valour Consultancy’s comprehensive dive into the maritime connectivity market. It builds on extensive data back to 2013. Interested? Complete the form below to receive a report information brochure.

Download report information brochure

Maritime connectivity is a complex and intricate ecosystem of service providers, satellite operators, hardware vendors and integrators. Each play a pivotal role in supporting an array of different end-users. This report provides comprehensive analysis of the current and future market, split by stakeholder group.

The brochure contains:

Report overview, scope and methodology
Sample tables and market segmentations
Key questions answered and pricing information

12 Maritime Connectivity Stats You Need to Know:

Download report information brochure

WHAT OUR CLIENTS SAY

“Valour Consultancy’s research and analysis pertaining to in-flight connectivity adoption is excellent. It helps us understand how the market is expected to grow in the future, and predict whether airlines will aim to launch IFC services on its fleet.”

“The new report on aircraft seating and in-seat power systems provides a very comprehensive market and industry landscape information – the first of its kind containing that level of detail.”

“The Future of Aircraft Seating and In-Seat Power report came at a pivotal time for us as we look to the future of our in-flight offering. It has helped shape our internal strategies and highlighted areas we need to dig into more deeply. Valour has become a trusted resource and partner.”

“The Future of Aircraft Seating and In-Seat Power report came at a pivotal time for us as we look to the future of our in-flight offering. It has helped shape our internal strategies and highlighted areas we need to dig into more deeply. Valour has become a trusted resource and partner.”

“Valour’s maritime connectivity report provides the most comprehensive, detailed understanding of the market, with clear independent insights into the market trends and inhibitors. We use this report as the bible for our business strategy and marketing on what is happening in the industry.”

“Valour Consultancy’s report on The Future of Body Worn Cameras and Systems is well written, detailed and an excellent insight into the key markets. The analysis of the global law enforcement market was extensive and provided us with valuable industry information of this evolving market.”

“In a global market as dynamic as in-flight connectivity, Valour has established itself as a reliable source of market intelligence and insightful analysis. The team is responsive to requests and clearly engaged in improving an already impressive product.”

“The team around Valour Consultancy equips us with the value-added intelligence needed to make well-informed business decisions in a very dynamic market. The passion and knowledge of the team make it a real pleasure to work with them.”

“Astronics is using Valour Consultancy’s 2016 in-flight connectivity report extensively. We’ve found it highly useful in our long-range planning and it has aided in our market research.”

“The Valour Consultancy report on in-flight connectivity provides very detailed insights on the market and it constitutes a very useful tool for the marketing and strategy team at SITAONAIR. The Valour Consultancy team is also very friendly and we enjoy our working relationship with them.”

“Valour Consultancy has provided an incredibly thorough perspective on the in-flight connectivity space, offering insight into drivers of the current and future state of the quickly growing category.”

12 Maritime Connectivity Learnings from the Past 12 Months

12 Maritime Connectivity Stats You Need to Know:

Download report information brochure

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“Valour Consultancy’s research and analysis pertaining to in-flight connectivity adoption is excellent. It helps us understand how the market is expected to grow in the future, and predict whether airlines will aim to launch IFC services on its fleet.”

“The new report on aircraft seating and in-seat power systems provides a very comprehensive market and industry landscape information – the first of its kind containing that level of detail.”

“The Future of Aircraft Seating and In-Seat Power report came at a pivotal time for us as we look to the future of our in-flight offering. It has helped shape our internal strategies and highlighted areas we need to dig into more deeply. Valour has become a trusted resource and partner.”

“The Future of Aircraft Seating and In-Seat Power report came at a pivotal time for us as we look to the future of our in-flight offering. It has helped shape our internal strategies and highlighted areas we need to dig into more deeply. Valour has become a trusted resource and partner.”

“Valour’s maritime connectivity report provides the most comprehensive, detailed understanding of the market, with clear independent insights into the market trends and inhibitors. We use this report as the bible for our business strategy and marketing on what is happening in the industry.”

“Valour Consultancy’s report on The Future of Body Worn Cameras and Systems is well written, detailed and an excellent insight into the key markets. The analysis of the global law enforcement market was extensive and provided us with valuable industry information of this evolving market.”

“In a global market as dynamic as in-flight connectivity, Valour has established itself as a reliable source of market intelligence and insightful analysis. The team is responsive to requests and clearly engaged in improving an already impressive product.”

“The team around Valour Consultancy equips us with the value-added intelligence needed to make well-informed business decisions in a very dynamic market. The passion and knowledge of the team make it a real pleasure to work with them.”

“Astronics is using Valour Consultancy’s 2016 in-flight connectivity report extensively. We’ve found it highly useful in our long-range planning and it has aided in our market research.”

“The Valour Consultancy report on in-flight connectivity provides very detailed insights on the market and it constitutes a very useful tool for the marketing and strategy team at SITAONAIR. The Valour Consultancy team is also very friendly and we enjoy our working relationship with them.”

“Valour Consultancy has provided an incredibly thorough perspective on the in-flight connectivity space, offering insight into drivers of the current and future state of the quickly growing category.”