The mini-VSAT Broadbandsm service from KVH Industries, Inc.,
(Nasdaq:KVHI) increased its dominance of the maritime VSAT market
according to the latest edition of a report from Euroconsult, the
leading global consulting firm specializing in space markets.
"Maritime Telecom Solutions by Satellite: Global Market Analysis
& Forecasts, 3rd Edition," released last week, reports that
KVH's share of the industry's 11,000 activated maritime VSAT
terminals is 26%, up from 16% two years ago. In the new analysis,
KVH's market share was reported to be double that of its next
closest competitor [see graph].
KVH recently shipped its 4,000th TracPhone® system for the
mini-VSAT Broadband service, which provides satellite Internet and
phone services to commercial ships, government vessels, and
pleasure yachts around the globe. KVH reported in its 2013 year-end
investor conference call that its maritime VSAT service revenues
grew by 33% in 2013. Euroconsult estimates the overall maritime
VSAT market has grown at a 28% compounded annual growth rate since
2010, and that by the end of 2023 maritime VSAT services will
account for 61% of a $1.5 billion maritime communications
market.
"The maritime industry has begun to see broadband connectivity
as a business necessity, both for operational efficiencies and for
crew welfare, and they are looking for fast and affordable
solutions to their satellite communications needs," says Martin
Kits van Heyningen, KVH's CEO. "Our mini-VSAT Broadband service
provides that combination, and we are unique in the industry for
being the only global player with a true end-to-end solution not
only for connectivity and antenna hardware, but also for content.
We see content delivery as the next big area of demand from
maritime vessels, and we already have a solution."
KVH launched the mini-VSAT Broadband service in 2007 and
designed it from the ground up to be a new generation maritime
satellite communications solution, utilizing ArcLight® spread
spectrum technology from ViaSat, Inc., (Nasdaq:VSAT), KVH's
technology partner. This advanced technology enables KVH's
TracPhone V-IP antenna systems to be 85% smaller than traditional
maritime VSAT antennas, thereby reducing the installation time and
cost for maritime customers. The mini-VSAT Broadband service is
very fast, providing Internet downloads as fast as 4 Mbps, and has
low latency, making it ideal for new applications being adopted by
leading ship management companies.
In response to its increasing customer base worldwide, KVH has
more than doubled the capacity of the mini-VSAT Broadband network
in the last 12 months by deploying Adaptive Coding, Spreading, and
Modulation (ACSM) technology provided by ViaSat, which enables the
network to handle transmissions more efficiently and increases the
amount of data that can be carried. The mini-VSAT Broadband network
uses a combination of 19 Ku-band transponders and 3 C-band beams to
provide total global coverage. KVH's line of antenna systems
designed exclusively for mini-VSAT Broadband service includes: the
TracPhone V11-IP, a 1.1 meter diameter, dual-mode C/Ku-band antenna
for global VSAT connectivity; the TracPhone V7-IP, a 60 cm diameter
enterprise-grade antenna for Ku-band service worldwide; and the
TracPhone V3-IP, a 37 cm diameter Ku-band antenna that is the
world's most compact maritime VSAT antenna.
The recent enhancements to the mini-VSAT Broadband network play
a key role in KVH's recently announced IP-MobileCastTM content
delivery service. This service, which is expected to be available
later this year, is designed to deliver news, entertainment,
sports, and training content directly to subscribing vessels over
the top of the mini-VSAT Broadband network using a separate data
stream. IP-MobileCast will also deliver operational data such as
electronic chart updates and weather information. The IP-MobileCast
content will be provided by KVH Media Group, which was formed after
KVH's May 2013 acquisition of Headland Media.
A graph accompanying this release is available at
http://media.globenewswire.com/cache/12808/file/25634.jpg
Note to Editors:
For more information about the Euroconsult report, "Maritime
Telecom Solutions by Satellite: Global Market Analysis &
Forecasts, 3rd Edition," visit the Euroconsult website
(http://www.euroconsult-ec.com/research-reports/satcom-reports/maritime-telecom-solutions-by-satellite-39-41.html).
In addition, Euroconsult has provided a high-resolution slide
detailing maritime VSAT market share, which is available for
download from KVH's Press Room (www.kvh.com/Press-Room).
High-resolution, press-ready images of KVH's TracPhone V-IP series
systems and mini-VSAT Broadband coverage maps are available at the
KVH Image Library for download and editorial use. For more
information about the mini-VSAT Broadband service, TracPhone V-IP
series, and new IP-MobileCast content delivery service, visit
www.minivsat.com/vip.
About Euroconsult
Euroconsult is the leading global consulting firm specializing
in space markets. As a privately-owned, fully independent firm,
they provide first-class strategic consulting, develop
comprehensive research, and organize executive-level annual summits
for the industry. With 30 years of experience, Euroconsult is
trusted by more than 560 clients in 50 countries. Euroconsult is
headquartered in Paris, with offices in Montreal and Washington,
D.C., and permanent representation in Japan.
About KVH Industries, Inc.
KVH Industries is a leading provider of in-motion satellite TV
and communications systems, having designed, manufactured, and sold
more than 175,000 mobile satellite antennas for applications on
vessels, vehicles, and aircraft. KVH is also a leading news, music,
and entertainment content provider to many industries including
maritime, retail, and leisure. KVH is based in Middletown, RI,
U.S.A., with facilities in Illinois, Denmark, Norway, the U.K.,
Singapore, the Philippines, Cyprus, and Japan.
This release may contain certain forward-looking statements that
involve risks and uncertainties. Forward-looking statements
include, for example, the functionality, characteristics, quality
and performance of KVH's products and technology; anticipated
innovation and product development; and customer preferences,
requirements and expectations. The actual results could differ
materially. Factors that may cause such differences include, among
others, those discussed in KVH's most recent Form 10-K filed with
the SEC. KVH does not assume any obligation to update its
forward-looking statements to reflect new information or
developments.
KVH, TracPhone, and IP-MobileCast are trademarks of KVH
Industries, Inc. mini-VSAT Broadband is a service mark of KVH
Industries, Inc. All other trademarks are the property of their
respective companies.
CONTACT: Jill Connors
Media & Communications Manager
KVH Industries, Inc.
401-851-3824
jconnors@kvh.com
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