Price competition from low earth orbit (LEO) satellite networks is likely to be aimed at very small aperture terminal (VSAT) sales leader KVH Industries and Inmarsat's older Fleet Broadband users.

But KVH chief executive Martin Kits van Heyningen is unconcerned after two consecutive quarters of record sales mean it has now shipped a total of 12,500 terminals.

"The pandemic woke people up to the importance of remote work and connectivity, and that translated into demand for ships at sea.