We recently released our Q1 2025 instalment of data from our Maritime Connectivity Tracker, including some new findings on Starlink deployments, Starlink Maritime revenues, and annualised revenues per service provider.
This service supplements our flagship report on The Future of Maritime Connectivity.
Valour Consultancy runs this service on a quarterly basis, and it is designed to keep those with a vested interest in the area updated on installation activity, key trends and insight. This article lists some of the key headlines from this edition.
(Source: Valour Consultancy’s Maritime Connectivity Tracker Update)
Key Headlines
- As of February 2024, we have collected 33,160 vessels actively using GEO/MEO VSAT; an increase of ~2,000 vessels from the last quarter in 2024. The sample captured an estimated $1.5 billion of LEO, MEO and GEO VSAT revenues on an annual basis.
- Fascinatingly, we also aggregated more than 24,400 vessels using Starlink’s LEO services, with nearly 12,000 vessels using Starlink direct.
- Annualising those Starlink Maritime vessels over a 12-month basis, we believe Starlink Maritime, via its resellers, generates more than $650 million per year as of today.
- Valour Consultancy believes the tanker, container and ocean cruise passenger vessel categories were the two biggest revenue generators for commercial maritime satellite services. Marlink and Speedcast were the two biggest resellers of Starlink Maritime.
- Examining the GEO VSAT segment, Marlink, Inmarsat Solutions and KVH held the top three positions accounting for total commercial vessels collected in the sample.
- Eutelsat OneWeb had nearly 1,000 vessels on its LEO services via its reseller partners.
For more information about our Maritime Connectivity tracker service and to request sample data, please click here.
