Press Release: Offshore Energy Satellite Connectivity Market Reaches $542 Million in 2024

August 5^th, 2025, 15:00 British Summer Time (BST)

London. Valour Consultancy is pleased to announce the publication of its latest report, ‘Deep Dive: Offshore Energy – 2025′. This comprehensive study analyses the satellite connectivity requirements of offshore drilling, production, service, and support vessels. It offers in-depth insights into the key companies, vessel types, rigs, platforms, and the evolving oil and gas regions.

The offshore energy satellite connectivity market was worth approximately $542 million in 2024, increasing by 7 per cent from 2023. The sector was severely affected by the COVID-19 pandemic, with the price of oil plummeting. The industry has since rebounded strongly, and projected connectivity opportunities are anticipated to increase in 2025 and 2026.

According to our report’s author, Joshua Flood: “Researching the offshore energy market, particularly understanding how each technology is deployed upon a rig or vessel, has been insightful. The market is complex, comprising many facets including drilling, production, construction, cable-laying, and seismic survey operations”

There are around 8,500 vessels, rigs and platforms active worldwide in 2024. Flood adds, “From a satellite connectivity perspective, the offshore energy market is the only application where GEO VSAT is not expected to decline in vessel subscriptions in the near-term. The nature, coverage, and levels of service of GEO VSAT connectivity make it a vital component of offshore communications.” However, LEO and MEO broadband services are also expected to gain much traction, offering faster bandwidth and lower latency. They will become mainstream components of energy companies’ connectivity portfolios, equating to a $4.1 billion market opportunity over the next ten years.

Valour Consultancy is a multi-award-winning provider of high-quality market intelligence and consultancy services. This is our first study focusing exclusively on offshore energy connectivity, published in June 2025. The research draws upon 25 in-depth interviews with organisations across the offshore energy value chain, including connectivity service providers, energy companies, technology firms, and hardware manufacturers. The study offers detailed insights into the market dynamics: drivers, inhibitors, technology, and market forecasts. For more information on the report’s scope and content, please download our brochure.

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: Offshore Energy Satellite Connectivity Market Reaches $542 Million in 2024

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“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.”