Market Trends of Asia-Pacific Maritime Satellite Communication Industry
This section covers the major market trends shaping the APAC Maritime Satellite Communication Market according to our research experts:
Government Agencies are Expected to Have the Largest Market Share in the Region
- Increased spending on marine products and services by various governments across the region, increased security threats, increased water transport and trade numbers, and other tracking are critical drivers of market growth.
- Moreover, many government agencies face an ongoing challenge in providing essential telephony services throughout their countries. Many governments worldwide have turned to VSAT networks for a low-cost, reliable public telephony solution to meet this challenge. Very Small Aperture Terminal (VSAT) networks represent the most cost-effective solution for communities where public service telephone network (PSTN) services are unavailable, overloaded, or too expensive.
- Further, emerging countries, such as India, China, Japan, and South Korea, continuously increase their defense budgets year-over-year to strengthen their national security. The government of India is planning to handle the issue of threats by implementing a national automatic identification system for India's coastline safety and security.
- A uniform communication strategy for coastal security was adopted this year by the Indian Ministry of Home Affairs (MHA). It calls for connecting marine law enforcement organizations to a single network for improved coordination and seamless sharing of mission-critical data. With a designated spectrum for the purpose, the scheme will be able to combine all coastal security agencies into a single communication network. A "major stride" in enhancing coastal security, the specialized spectrum will make use of a common frequency.
- Also, the China Belt and Road Initiative and Pearl River Delta expansion projects undertaken by the government are further expected to boost the market's growth during the forecast period.
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China Expected to Dominate the Market
- Due to the substantial trade influx, China is expected to lead the maritime satellite communication market in the Asia-Pacific region. China is an essential market for passenger vessels in the area.
- Moreover, countries like China are vital in promoting maritime security since the naval industry adds to the region's economic growth. The Chinese central government took the initiative to encourage intelligent shipping development in the country. Under this initiative, the government mentioned working in collaboration with various government agencies to complete the strategy design for intellectual shipping development by the end of 2020, further improve brilliant shipping service, safety, environment protection level, and efficiency by 2035, and establish a high-quality smart shipping system by 2050.
- This year, in November, China launched a high-power communications satellite to connect travelers on airplanes, ships, and other users in China, Southeast Asia, and remote routes connecting the Asia-Pacific area and North America. A Long March 3B rocket carrying the Chinasat 19, or Zhongxing 19, communications satellite launched from the Xichang launch site in the Sichuan province of southwest China. A hazardous hydrazine-fueled core stage and booster engines propelled the Long March 3B into space. Within the first three minutes of flight, the rocket dropped its strap-on boosters and core stage, and a second stage subsequently took over to continue the rocket's ascent into space.
- Furthermore, the companies in the country are witnessing strategic collaborations as a lucrative path toward growth. For instance, Gilat Satellite Networks and China Satellite Communications collaborated to deploy Gilat's DVB-S2X technologies throughout China to jointly provide satellite communication services covering aeronautical, terrestrial, and maritime fixed and mobility applications.
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