We recently released the Q2 2025 update of data from our Maritime Connectivity Tracker, featuring new insights on Inmarsat’s NexusWave activations, Starlink deployments, Starlink Maritime revenues, offshore energy sub-segments, and annualised revenues per service provider.
This service complements our flagship report, “The Future of Maritime Connectivity”. Valour Consultancy produces this tracker on a quarterly basis, designed to keep stakeholders informed of installation activity, key trends, and developments.
This article outlines some of the key headlines from the latest edition.
(Source: Valour Consultancy’s Maritime Connectivity Tracker May 2025 Update)
Key Headlines
- As of May 2025, we have recorded over 38,300 vessels using GEO VSAT/LEO, an increase of more than 5,000 vessels since the previous quarter (February 2025). The sample captured an estimated annual revenue of $1.27 billion for GEO VSAT and $745 million for broadband LEO services.
- Notably, we identified over 26,000 vessels using Starlink’s LEO services, and more than 1,000 using Eutelsat OneWeb.
- Based on our sample, we estimate that Starlink, via its direct channel, or through KVH, Navarino, Marlink, and Speedcast amounts to more than 23,000 commercial maritime vessels being served with the LEO broadband service.
- Valour Consultancy believes the offshore energy sector has become one of the largest markets for GEO VSAT services, followed by merchant tankers and ocean cruise ships. For LEO broadband, merchant tankers and container ships remain the top two revenue-generating segments.
- In terms of vessel count within the GEO VSAT segment, the gap between Marlink and Inmarsat Solutions (excluding VARs) remains relatively narrow, with KVH maintaining third position.
For more information about our Maritime Tracker service or to request sample data, please click here.
