Press Release: Commercial Revenue for Maritime Connectivity Services Worth $2.4 billion in 2024

JANUARY 14TH, 2026, 11:00 Greenwich Mean Time (GMT)

Valour Consultancy is pleased to announce its latest report: ‘The Future of Maritime Connectivity – 2025’.

Its latest study on the global commercial maritime satellite connectivity market highlights a sector entering a new capacity and bandwidth paradigm.

The maritime connectivity industry is undergoing a period of structural rebalancing as LEO broadband and hybrid network architectures dominate both revenue pools and competitive dynamics. While vessel connectivity adoption continues to grow, revenue expansion is increasingly constrained by intense price competition and a shift towards higher-capacity services delivered at lower unit cost.

According to the report, the global commercial maritime satellite connectivity market was valued at $2.4 billion in 2024, an increase of approximately $100 million year-on-year, from 2023.

Connectivity service providers remain central to this transition. Although the global market is fragmented, a small group of leading integrators and resellers continue to command a significant share. Long-established providers such as Marlink and Speedcast accounted for nearly 40% of total market revenues in 2024, supported by large installed bases and advanced managed network capabilities, even as pure GEO VSAT vessel counts continue to decline.

According to our report’s author, Joshua Flood: “The market has clearly entered a new phase as overall vessel connectivity continues to grow. LEO broadband has fundamentally altered expectations around performance and pricing, accelerating the shift towards hybrid, multi-orbit architectures.” Flood further highlights, “Over the next decade, service providers that best help their customers integrate and optimise LEO with GEO and L-band, while creating value through network management, cybersecurity and bandwidth orchestration, will be best positioned to defend margins and grow market share.”

The most dynamic growth is occurring among LEO-focused connectivity service providers. LEO broadband served approximately 59,000 vessels in 2024, rising to more than 138,000 vessels by 2034, equating to vessel growth of just over 7% CAGR.

In 2024, Starlink accounted for around 97% of the LEO VSAT broadband wholesale satellite market, with Eutelsat OneWeb supplying the remainder. Speedcast, Marlink and Starlink’s direct maritime business were the three largest revenue resellers of LEO broadband services.

Overall, the report concludes that connectivity service providers face a decade of margin pressure and re-segmentation. While volume growth will continue across all connectivity bands, market share and value creation will increasingly accrue to providers able to deliver integrated, multi-orbit connectivity solutions rather than bandwidth alone.

Valour Consultancy is a multi-award-winning provider of high-quality market intelligence and consultancy services. Now in its seventh edition, its latest study, The Future of Maritime Connectivity – 2025 has been aided with over 40 interviews with companies across the connectivity value chain: satellite operators, connectivity service providers, ship owners, ship operators, ship management firms, and technology companies. The study includes 129 pages of detailed insights into the market dynamics: drivers, inhibitors, technology, as well as market forecasts containing over 80 tables and charts.

For a full table of contents, report scope and sample pages , please click here.

Media Contact

Caroline Fearnley

info@valourconsultancy.com

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.”

Press Release: Commercial Revenue for Maritime Connectivity Services Worth $2.4 billion in 2024

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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.”