High Seas Broadband Boom: Maritime VSAT & L-Band Services Market Set to Soar by 2032
The global maritime VSAT and L-band services market is projected to reach $12.4 billion by 2032, growing at about 8.5% annually. VSAT-based connectivity made up 77% of maritime satcom revenue in 2024, while L-band MSS contributed 23%. Marlink held a 20.2% share of the overall market in 2023. By late 2024, over 20,000 vessels were using SpaceX Starlink’s high-speed LEO services.