NGSOs Seen Gaining Big Market Share in Maritime Connectivity, Euroconsult Says
Non-geostationary orbit (NGSO) satellites are expected to claim significant maritime connectivity market share during the next decade, Euroconsult said Wednesday. NGSOs' market share as the primary maritime communications method should leap from 20% in 2023 to 90% by 2033, it…
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said. The number of vessels using at least one satellite communication service hit 40,600 last year, and it's projected to reach about 90,000 by 2033. The entry of SpaceX's Starlink service into the market is largely driving the projections, it said. Maritime's reliance on geostationary satellite capacity as the primary means of communication will decline as vessels adopt NGSO service. The NGSO capacity market share is expected to jump from 66% in 2023 to 96% by 2033, Euroconsult said.