Market Analysis
The global mobile satellite services market will touch USD 6,551.8 million at a 7.3% CAGR between the forecast period 2020- 2026, states the recent Market Research Future (MRFR) analysis. Mobile satellite service or MSS is a telecom service offered to mobile users through satellite technology for establishing communication between mobile devices or portable terminals.
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Various factors are propelling the Mobile Satellite Services Market share. According to the recent MRFR market estimates, such factors include growing demand for mobility, increase in integration between satellite and mobile technology, advances in digital technology, increasing trend of IoT, rise in competition, allocation of additional bandwidth for mobile satellite services, growing demand for mobility, and growing integration between satellite and mobile technology. Additional factors adding market growth include increasing advances in digital technology, growing awareness among users regarding the benefits of satellite services, and low transportation cost.
On the contrary, strict government regulations, low available bandwidth, poor quality of data and voice, inadequate signal conditions, lack of assurance for the reliability of MSS, and the COVID-19 impact are factors that may limit the global mobile satellite services market growth over the forecast period.
Regional Analysis
By region, the mobile satellite services industry covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), South America, and the Middle East and Africa. Of these, North America is predicted to dominate the market over the forecast period. Wide support from the government to employ high throughput connectivity in satellite fleet in various programs and orbits such as FCSA, extensive use of mobile satellite services, growing need for communication devices that offer different services like receiving and sending data from a remote location, adoption of lead pioneers and innovators, improved network connectivity, and advanced foothold technological infrastructure are adding to the Mobile Satellite Services Market Trends in the region.
In the APAC region, the mobile satellite services market is predicted to have healthy growth over the forecast period. The increasing use of satellite services in transportation, defense, and government applications in India and China is adding to the global mobile satellite services market growth in the region.
In Europe, the mobile satellite services market is predicted to have sound growth over the forecast period, and in the Rest of the World is predicted to have steady growth over the forecast period.
Key Players
Key contenders profiled in the mobile satellite services market report include EchoStar Corporation (US), ViaSat, Inc. (US), Telstra (Australia), Intelsat (US), Iridium Communications Inc. (US), Telefonaktiebolaget LM Ericsson (Sweden), Tesacom (Argentina), Thuraya Telecommunications Company (UAE), Inmarsat Global Limited (UK), GLOBALSTAR (US), and ORBCOMM (US).
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global mobile satellite services market based on type, application, and sales channel.
By type, the global mobile satellite services market is segmented into broad MSS based, personal MSS, maritime MSS, land MSS, aeronautical MSS, and others. Of these, the land MSS segment will lead the market over the forecast period.
By application, the global mobile satellite services market is segmented into automotive, transportation, government (disaster management), aviation, military and defense, mining, media and entertainment, oil and gas, and others. Of these, the military and defense segment will dominate the market over the forecast period.
By sales channel, the global mobile satellite services market is segmented into online channels and offline channels. Of these, the offline channel segment will spearhead the market over the forecast period.
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The Global Mobile Satellite Services Market size is estimated to be USD 4.39 billion in 2019 and is predicted to reach USD 9.34 billion by 2030 with a CAGR of 7.1% from 2020-2030.Mobile Satellite Services are the telecom service provided to the mobile user with the help of satellite to set up the communication between two devices.
To establish the communication one device sends signals to the satellite which directs it to the receiver device and enables the communication.
Mobile satellite services are also known as mobile satellite radio communication services.Access Full Description of this report at:- https://www.nextmsc.com/report/mobile-satellite-services-market Top Companies: Globalstar, Inc., Ericsson Inc., Inmarsat Holdings Limited., Orbcomm Inc., Iridium Communications, Inc., Echostar Corporation., Singtel Ltd., Intelsat General Corporation., Telstra Corporation Limited and VirSat Inc. and others.The global mobile satellite services market share is analysed on the basis of service type, application, industry vertical, and geography.
On the basis of industry verticals, the market is divided into Banking, Financial Services, and Insurance, Aerospace & Defence, Healthcare, Public Sector, IT & Telecom, Retail, and Other.
Furthermore, increase in technological advancement and presence of developed infrastructure is further expected to enhance the growth of mobile satellite services market.
Asia Pacific is expected to show significant growth with gradual increase in market share owing to the increased demand of developed communication services.
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.Get a sample of the report @https://www.emergenresearch.com/request-sample/157 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 ReportNovember 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)Get access to the full description of the report @https://www.emergenresearch.com/industry-report/mobile-satellite-services-market Thank you for reading the report.
