HERNDON, Va., June 22 /PRNewswire/ -- VT iDirect, Inc. (iDirect), a company of VT Systems Inc. (VT Systems), today announced that its share of the maritime VSAT market has grown significantly in the past two years, according to the newly released 2nd edition of The COMSYS Maritime VSAT Report. The report, which details the growth of maritime VSAT services, finds that the iDirect satellite communications platform is the system of choice for both service providers and end users. iDirect is a world leader in satellite-based IP communications technology.
According to the 2nd edition of the COMSYS Maritime VSAT report, iDirect expanded its role as the top manufacturer of VSAT broadband communications technology.
- Twelve of the top 15 maritime service providers, or 80 percent, now leverage iDirect technology. In addition, 10 of the top 15 rely on iDirect as their primary platform, including the leaders in nearly every major market segment.
- Forty-seven percent of all VSAT routers installed on vessels today are made by iDirect. Further, COMSYS reported that iDirect doubled its onboard presence in the past two years and accounted for 60 percent of all new installations in 2009.
The COMSYS study also found that many service providers have shifted from SCPC systems to TDMA systems like the iDirect platform to drive down operating and service costs and gain a more effective network model to support large-scale adoption across the industry's multiple market segments. In addition, COMSYS noted that iDirect's broadband data rates, bandwidth efficiency, granular Quality of Service, Automatic Beam Switching, Global Network Management and lower cost equipment have combined to make the iDirect platform the de facto standard in the industry.
Examining the broader industry, COMSYS reported strong growth for VSAT service as the total number of vessels in service rose by 55 percent between 2007 and 2009, despite the economic slowdown. VSAT revenues reached $550 million in 2009, recording significantly higher results than the L-band segment of the market. COMSYS forecasts that the number of vessels with VSAT onboard will more than double to almost 20,000 over the next five years, with VSAT service providers well poised to penetrate the mainstream commercial shipping segment, which is estimated to include more than 100,000 vessels.
"It's clear from the 2nd edition of our report that VSAT technology is the only viable long term solution for broadband connectivity. While crew welfare remains the single largest VSAT service driver, maritime companies increasingly acknowledge that broadband connectivity is a necessity to achieving substantial gains in business productivity. We believe that this realization will accelerate the adoption of VSAT services across a larger market base."
- Simon BULL
Senior Consultant, COMSYS
"Within every major segment, maritime companies are recording a sizable return on their VSAT investment. To a significant degree, this is a testament to our partners' affordable and flexible service offerings, which are based on the iDirect VSAT platform. We are encouraged to see our partners' overwhelming success detailed in this promising new report from COMSYS as well as the rising opportunity for VSAT service worldwide."
- Christian BERGAN
Director of Maritime Vertical, iDirect
To download iDirect's market profile and summary based on the 2nd 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 transforming the way the world gets and stays connected. The company's satellite-based IP communications technology enables constant connectivity for voice, video and data applications in diverse and challenging environments. The iDirect Intelligent Platform™ integrates advanced technology into iDirect's portfolio of hubs, routers and network management software to address the growing complexity of deploying and managing global IP networks. With more than 15 years of global satellite communications experience, iDirect serves customers in over 50 countries through a diverse network of service provider partners, including seven of the World Teleport Association's Global Top Ten operators. Headquartered in Herndon, Virginia, iDirect has offices in Europe, Middle East, Africa and Latin America. In 2007, iDirect Government Technologies (iGT) was set up to drive adoption of its IP-based solutions in the US 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. Please visit www.idirect.net.
VT Systems is a diversified company providing solutions to the commercial and government markets in the aerospace, electronics, land systems and marine sectors. VT Systems products and services include aircraft inspection, maintenance 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 shipbuilding. Headquartered in Alexandria, Va., VT Systems operates globally and is a wholly owned subsidiary of ST Engineering. Please visit www.vt-systems.com.