The mini-VSAT Broadbandsm service of KVH Industries, Inc.,
(Nasdaq:KVHI), has once again been cited as the market share leader
in maritime VSAT units in service, in a newly published report.
“Maritime SATCOM Markets, 4th Edition,” by Northern Sky Research
(NSR), a leading maritime industry analyst firm, reports that KVH’s
mini-VSAT Broadband customers account for 29% of the vessels using
Ku-band services, which is more than double the 14% share of the
nearest competitor, as of the end of 2015. KVH’s mini-VSAT
Broadband customers also account for 21% of the vessels using
combined C/Ku-band services, with the nearest competitor at 15%
share.
KVH launched mini-VSAT Broadband in 2007, and has steadily grown
the service to a dominant position in the maritime VSAT market. The
company recently shipped its 6,000th system, as reliance on fast
and reliable satellite broadband connectivity has spread throughout
the maritime industry. In 2012, the mini-VSAT Broadband service
first became the maritime VSAT market share leader according to
leading market research reports, and has since that time
reconfirmed that position in subsequent report updates.
“We are thrilled to be recognized by one of the most highly
regarded research firms in the satellite communications industry
for our success in the maritime VSAT market,” says Martin Kits van
Heyningen, KVH’s chief executive officer. “We’ve always listened
intently to the market and have continually improved our service to
provide our customers with the connectivity and content services
they need to meet their high expectations. I’m confident that our
innovations in technology, service, and business practices will
keep us on the forefront in maritime VSAT.”
With its analysis of quantitative and qualitative factors, the
report presents a complete picture of the maritime market,
including trends, issues, and the latest SATCOM developments. “As
connectivity becomes a must-have in the commercial maritime
industry, we expect a steady rise in VSAT-connected vessels by
2025,” says Brad Grady, NSR senior analyst, who co-authored the
report with NSR analyst Dallas Kasaboski. “For both operations and
crew welfare, maritime operators are likely to become more and more
reliant on broadband for their vessels.”
The NSR analysts also described an emerging trend toward
maritime VSAT service providers developing value-added services and
a range of web applications to meet the increasingly complex
systems and demands of commercial vessels. The range of web
applications likely to be in demand by maritime markets, according
to the report, includes apps for streaming media, e-Learning,
network configuration, crew calling, and weather.
KVH already has apps in place for most of these applications.
For example:
- The IP-MobileCastTM content delivery service provides large
multimedia entertainment and operations content via multicasting
technology to be streamed to devices onboard without data
transmission costs.
- VideotelTM, a KVH company, is a leader in e-Learning, with its
maritime training services used by 12,000 vessels around the
world.
- KVH’s network configuration services include the CommBoxTM
Network Manager, which is built into every TracPhone® V-IP series
satellite antenna system, designed exclusively for use with the
mini-VSAT Broadband service.
- myKVHTM provides a highly visual web-based portal for network
management that enables mini-VSAT Broadband customers to configure
onboard networks and manage onboard data usage.
- Delivery of high-resolution weather data from AWT is included
as a standard part of the IP-MobileCast subscription.
Note to Editors: For more information about KVH’s mini-VSAT
Broadband service, please visit the website, www.kvh.com/one.
High-resolution images of KVH products are available at the KVH
Press Room Image Library, www.kvh.com/press-room/image-library.
About Northern Sky ResearchNSR is a global
leader in providing satellite industry market research and
consulting services to clients around the world. Founded in 2000,
NSR specializes in the analysis of growth opportunities across four
core satellite industry sectors: satellite communications,
broadcast and digital media, hybrid and emerging markets, and
commercial space. For more information, visit www.nsr.com.
About KVH Industries, Inc.KVH Industries, Inc.,
is a leading provider of in-motion satellite TV and communications
systems, having designed, manufactured, and sold more than 200,000
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. Videotel, a KVH company, is a market-leading provider of
training films, computer-based training and e-Learning. KVH is
based in Middletown, RI, with research, development, and
manufacturing operations in Middletown, RI, and Tinley Park, IL.
The company’s global presence includes offices in Belgium, Brazil,
Cyprus, Denmark, Hong Kong, Japan, the Netherlands, Norway,
Singapore, and the United Kingdom.
This press release contains forward-looking
statements that involve risks and uncertainties. For example,
forward-looking statements include statements regarding our
anticipated revenue, competitive positioning, and the
functionality, characteristics, quality, and performance of KVH
products and services. The actual results we achieve could differ
materially from the statements made in this press release. Factors
that might cause these differences include, but are not limited to:
potential reduced sales to companies in or dependent upon the
turbulent oil and gas industry; the impact of extended economic
weakness on the sale and use of marine vessels; the need to
increase sales of the TracPhone V-IP series products and related
services to improve airtime gross margins; the need for, or delays
in, qualification of products to customer or regulatory standards;
unanticipated declines or changes in customer demand, due to
economic, seasonal, and other factors, particularly with respect to
the TracPhone V-IP series, including with respect to new pricing
models; recent increases in airtime termination rates and lower
unit sales in our mobile business; and increased price and service
competition in the mobile communications markets. These and other
factors are discussed in more detail in KVH’s most recent Form 10-Q
filed with the SEC. KVH does not assume any obligation to update
its forward-looking statements to reflect new information and
developments.
KVH, IP-MobileCast, Videotel, CommBox,
TracPhone, and myKVH 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.
For further information, please contact:
Jill Connors
Media Relations & Industry Analyst Manager
KVH Industries, Inc.
Tel: +1 401 851 3824
jconnors@kvh.com
KVH Industries (NASDAQ:KVHI)
Historical Stock Chart
From Jun 2024 to Jul 2024
KVH Industries (NASDAQ:KVHI)
Historical Stock Chart
From Jul 2023 to Jul 2024