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Maritime VSAT Installations, Usage and Service Revenues Continued Growth Forecast

2020-01-19 / Number of views:683

The estimate in our 2015 report of vessels in service increasing from around 20,000 at that time to around 50,000 vessels in 2019 being matched by this year’s numbers. COMSYS predicts that this number will increase to around 80,000 to 100,000 vessels by 2023. Whereas the price of satellite bandwidth has fallen by more than 90 per cent over the past eight years or so, the monthly cost revenue for cruise lines has increased by around ten times due to significantly increased data usage requirements from end users.

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