The milestone highlights KVH’s position as maritime VSAT market share leader providing satellite broadband connectivity to yachts and commercial vessels around the world
MIDDLETOWN, RI – July 23, 2018 – KVH Industries, Inc., (Nasdaq: KVHI), announced that it recently shipped its 8,000th mini-VSAT Broadbandsm system. The TracPhone® V-series satellite communications antenna systems utilize advanced satellite technology, including the latest high throughput satellites (HTS), to meet the growing demand for more onboard broadband connectivity.
“Our newest HTS systems are in high demand throughout the maritime industry, and build on the strength and reputation of our entire product line,” says Martin Kits van Heyningen, KVH’s chief executive officer. “Our global coverage, rugged antenna systems, and innovative subscription-based business model are exactly what the maritime industry needs as it continues to move toward digitalization.”
In “Prospects for Maritime Satellite Communications, 6th Edition” (2018), industry analysts at Euroconsult reported that KVH is the market share leader in maritime VSAT by units, noting that KVH’s share of the maritime industry’s fielded VSAT terminals is nearly double that of its next closest competitor, as of the end of 2017.