With Valour’s report on The Future of Maritime Connectivity – 2025 Edition nearing release, preliminary findings have been shared with early purchasers and members of our participant programme. The updated statistics make interesting reading.; here are the key headlines.
Key Takeaways
- The global maritime connectivity retail market was worth $2.4 billion in 2024, an increase of $100 million on 2023.
- Marlink remains the largest maritime connectivity service provider with an estimated 23.2% share of the global market in 2024.
- The overall commercial maritime retail market is projected to record steady growth over the next decade, reaching approximately $2.7 billion by the end of 2034.
- Starlink Direct, SpaceX’s direct business channel, has moved into 7th place in our overall retail connectivity ranking, holding 6.3% of the market in 2024.
- New entries into the top ten maritime service providers include Elcome International and Fameline Technologies Group – the latter representing the combined activities of OneNet and World-Link Communications.
- From a satellite operator perspective, SpaceX became the largest maritime satellite operator for wholesale capacity, accounting for 39% of the total market in 2024.
- Inmarsat (a Viasat business) remained the largest L-band wholesale maritime satellite operator. It was also the largest provider of wholesale GEO VSAT services, followed by SES and Intelsat.
- Combined, SES and Intelsat generated 6% of wholesale GEO VSAT revenues in 2024, compared with Inmarsat’s 19.9%.
- In the satellite antenna market, more than 2,600 L-band terminals were deployed in 2024. The GEO VSAT segment fared only slightly better, with 4,371 units, while over 50,600 flat-panel antennas were deployed across the commercial maritime market. *
- LEO broadband connectivity services have significantly expanded the market in recent years, with the popularity of Starlink’s Global Priority services being indisputable. Valour Consultancy estimates that Speedcast was the largest reseller of maritime LEO broadband services in 2024, followed by Starlink Direct, Marlink, Navarino, and Elcome International.
- Merchant shipping remains the stalwart of commercial maritime satellite services, valued at $1.125 billion in 2024. Valour recorded 28,000 new satellite subscribers entering the market during the year.
- The offshore energy and passenger verticals were the next most lucrative segments, together worth nearly $1 billion in 2024.
The 2025 update marks the fifth edition of Valour Consultancy’s comprehensive analysis of the maritime connectivity market and builds on extensive data dating back to 2013. Maritime connectivity is a complex ecosystem comprising service providers, satellite operators, hardware re vendors, and integrators—each playing a pivotal role in supporting a diverse range of end-users. This report provides an in-depth assessment of the current and future market, segmented by stakeholder group.
If you are interested in purchasing a copy, please complete this form to access our report proposal , which includes:
- Introduction to the report
- Key questions answered
- Proposed report content
- Report scope
- How to access the report
*For more information on the overall flat panel antenna market, please click here.






