Market Definition:
The global Mobile Satellite Services (MSS) Market is forecasted to grow at a rate of 5.8% from USD 4.06 Billion in 2019 to USD 7.55 Billion in 2030. Mobile Satellite Services (MSS) are telecom services that provide two-way voice and data communications to the users located in remote areas with the help of satellite technology. In recent times, satellite communication systems have become significant part of telecommunication networks as they provide various advantages to users, including wide network coverage and uniform performance irrespective of the user location. MSS systems are classified based on their orbital altitudes such as medium earth orbit (MEO), low earth orbit (LEO), and geostationary orbit (GEO). These systems are suitable in remote areas where wired networks are not available. MSS are also used in emergency conditions such as distress, natural disasters, war zones, and breakdown of communication due to several reasons.
Market Dynamics and Trends:
The increase in demand for portability, advancement of digital technology and growing demand of mobility are some of the factors boosting mobile satellite services market growth. Also, features like efficient transmission of voice, data and video, along with tracking and monitoring services that are crucial for oil and gas, media, mining, military, aviation, and transportation verticals are the drivers for the market growth.
However, factors such as high cost, low available bandwidth and poor quality of data and voice in bad signal conditions are expected to restraint the growth of MSS market globally. On the contrary, development of internet of things (IoT), increased competition among ISPs along with introduction of highly accurate GPS systems, GNSS receivers, and sensors are anticipated to create lucrative opportunities and offer a considerable boost to the global MSS market expansion.
Market Segmentations and Scope of the Study:
The global mobile satellite services market is segmented by service, application, industry vertical, and region. Based on service, it is divided into video, voice, and data service. By application is classified into land, air, and maritime access. Based on industry vertical, it is categorized into banking, financial, and insurance (BFSI); aerospace & defense; healthcare; public sector; IT & telecom; retail; and others. Based on geography, it is analyzed across North America, Europe, Asia-Pacific, and rest of the world (RoW).
Geographical Analysis:
North America holds lion share in the mobile satellite services market due to the adoption of advanced technologies, growing consumer’s preference towards smart devices, and improved network connectivity in this region.
However, Asia-Pacific is also expected to show a steady rise in the growth of MSS market due to the increasing population and need for high-speed connectivity owing to expansion of industrial and non-industrial sectors in this region.
Competitive Landscape:
Comprehensive mobile satellite services market analysis and profiles of the major market players in the report include Ericsson Inc., Globalstar, Inc., Inmarsat Holdings Limited., Iridium Communications, Inc., Orbcomm Inc., Echostar Corporation., Intelsat General Corporation., Singtel Ltd., VirSat Inc., and Telstra Corporation Limited.
KEY BENEFITS:
-
This report provides an extensive analysis of current and potential mobile satellite services market trend.
-
The report contains in depth quantitative analysis of current and future market estimations through 2020-2030, which helps recognize the growth opportunities.
-
Extensive analysis of the market helps understand the current practices for the better investment decisions.
-
Key market players are profiled and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the mobile satellite services market.
-
Extensive analysis of the market is conducted by monitoring the top competitors within the market framework.
-
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
KEY MARKET SEGMENTS:
By Service type
-
Video Service
-
Data Service
-
Voice Service
By Application Type
-
Land
-
Air
-
Maritime
By Industry Verticals
-
Banking, Financial Services, and Insurance
-
Aerospace & Defense
-
Healthcare
-
Public Sector
-
IT & Telecom
-
Retail
-
Other
By Region
-
North America
-
U.S.
-
Canada
-
Mexico
-
-
Europe
-
UK
-
Germany
-
France
-
Russia
-
Rest of Europe
-
-
Asia-Pacific
-
Australia
-
China
-
India
-
Japan
-
Rest of Asia-Pacific
-
-
RoW
-
Latin America
-
Middle East
-
Africa
-
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Analysis Period |
2019–2030 |
|
Base Year Considered |
2020 |
|
Forecast Period |
2020–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Market Segmentation |
By Service type (Video Service, Data Service, Voice Service) By Application Type (Land, Air, Maritime) By Industry Verticals (Banking, Financial Services, and Insurance, Aerospace & Defense, Healthcare, Public Sector, IT & Telecom, Retail, Other) |
|
Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Russia, Rest of Europe), Asia-Pacific (Australia, China, India, Japan, Rest of APAC), Rest of the World (Latin America, Middle East, Africa) |
|
Companies Profiled |
Ericsson Inc., Globalstar, Inc., Inmarsat Holdings Limited., Iridium Communications, Inc., Orbcomm Inc., Echostar Corporation., Intelsat General Corporation., Singtel Ltd., VirSat Inc., and Telstra Corporation Limited. |
