HERNDON, Va., Dec. 4, 2012 /PRNewswire/ -- VT iDirect, Inc. (iDirect), a company of VT Systems Inc. (VT Systems), today announced that the company's remote terminals account for nearly half of all VSATs installed in the maritime market, at an installation rate more than twice any other vendor, according to the newly released COMSYS Maritime VSAT Report. The third edition of the industry report also finds that 14 of the largest 20 maritime service providers use iDirect's satellite communications platform, and these companies lead the way in almost all of the major market segments including vessels in the high end segments of cruise and oil and gas vessels. iDirect is a world leader in satellite-based IP communications technology.
The COMSYS report, which details the growth of maritime VSAT services, confirms that iDirect is the de-facto leader among ground infrastructure providers and is emerging as the platform of choice for high throughput services, affirmed by partnerships with several major satellite operators. Further, COMSYS notes that iDirect's new X7 remote significantly raises the performance of its Evolution system to support higher data rates, challenging SCPC as the solution of choice for bandwidth intense applications.
COMSYS projects vigorous growth in the maritime VSAT market, forecasting that the number of vessels in service will double by 2016, bringing the total number of VSATs in service to more than 26,000. Market revenue expanded 9% in 2010 and 2011 and is now close to $1 billion, due to increased demand for bandwidth.
"iDirect continues to be the leading ground infrastructure provider in the maritime segment, both in terms of technological innovation and market share. With iDirect emerging as the high throughput platform of choice and with TDMA hardware achieving faster performance levels, it is hard to see how iDirect could be in a better position to take advantage of significant growth we are projecting for the maritime market."
~ Simon BULL
Senior Consultant, COMSYS
"It is gratifying to see how enthusiastically vessel operators are embracing VSAT, and how it is advancing their operations. The introduction of high throughput satellites will open up an untapped segment of the maritime market and increase VSAT investments on the existing install base. That means greater opportunity for our partners worldwide, and we are making major enhancements to our platform so that are partners will be positioned to offer faster, more economical services."
~ Toni Lee RUDNICKI
Chief Marketing Officer, iDirect
To download iDirect's market profile and summary based on the 3rd edition COMSYS Maritime VSAT Report, please visit http://www.idirect.net/Applications/Maritime-Connectivity/comsys-Maritime-VSAT-Report.aspx.
COMSYS is the leading analyst in the satellite industry specializing in the VSAT market. Please visit www.COMSYS.co.uk.
iDirect, a subsidiary of VT Systems, is a global leader in IP-based satellite communications providing technology that enables our 350+partners to optimize their networks, differentiate and expand their businesses. The iDirect Intelligent Platform™ allows our partners to run their entire business operations more efficiently via a single, unified IP-based satellite architecture, whether it's providing core IP applications to the enterprise or specialized services to any number of diverse vertical markets. iDirect is the #1 name in global satellite communications in key industries including maritime, military/government, and oil and gas, with a 62% hub market share and more than a quarter million remotes installed worldwide. In 2007, iDirect Government Technologies (iGT) was formed to drive adoption of its IP-based solutions in the U.S. government market. In 2008, iDirect Asia Pte Ltd was established in Singapore to enhance its value-add and responsiveness to customers in the Asia Pacific region. For more information please visit www.idirect.net.
VT Systems is an engineering company providing integrated solutions to the commercial and government markets in the aerospace, electronics, land systems and marine sectors. VT Systems' innovative solutions, products and services include aircraft maintenance, repair and modification; software solutions in training and simulation; satellite-based IP communications technology; network solutions that integrate data, voice and video; rugged computers and computer peripheral equipment; specialized truck bodies and trailers; weapons and munitions systems; road construction equipment; and ship design and shipbuilding. Headquartered in Alexandria, Va., VT Systems operates globally and is a wholly owned subsidiary of ST Engineering. Please visit www.vt-systems.com.