The global Mobile Satellite Services Market is forecasted to be worth USD 10.19 Billion by 2027, according to a new report by Emergen Research. The key drivers expected to boost the market growth for mobile satellite services are growing demand for mobility, rising connectivity of smartphone and satellite technologies, and increasing developments in digital technology across the world. Moreover, rising consumer awareness of the benefits of satellite services and low transport costs are factors also anticipated to propel the growth of the market during the forecast period.
The latest research report by Emergen Research, named ‘Global Mobile Satellite Services Market - Forecast to 2027’, entails a comprehensive review of the global Mobile Satellite Services market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.
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Market Scope:
One of the report’s central components is the broad Mobile Satellite Services market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.
Key Highlights From The Report
- November 2019-EchoStar Mobile, a division of EchoStar Corporation and a mobile satellite manufacturer providing connectivity throughout the North Sea, Europe, and the Mediterranean Sea via a unified satellite and terrestrial network, announced the introduction of the innovative Hughes 4500 S-band terminal to deliver secure connectivity over mobile satellite.
- The Land Mobile Satellite Service is expected to lead the market during the forecast period due to widespread use in the defense and military industries.
- The data service segment held the largest market share of 35.3% in 2019, owing to Its ability to deliver satellite data to government entities to inform warnings of disasters at an early stage.
Regional Overview:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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