Mobile Satellite Services Market Key Players, Supply, Consumption, Demand, Growth, Application, Analysis and Forecast to 2030
Market
Analysis:
The mobile satellite services market size will touch USD 8.52
million at a 7.45% 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.
Various factors are
propelling the global 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.
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Market
Segmentations:
The market report is
segmented into types, sales channels, applications, and regions. The type
segment is sub-segmented into Broadband MSS, Land MSS, Personal MSS,
Aeronautical MSS, Maritime MSS, and others. The sales channel segment is
sub-segmented into online and offline.
The application
segment is sub-segmented into aviation, oil & gas, military & defense,
media & entertainment, transportation & automotive, government, mining,
and others. The region segment is sub-segmented into North America, Europe,
APAC, and the Rest-of-the-World.
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).
Geographical
Analysis:
North America accounts
for the largest market for mobile satellite services globally. Factors such as
the presence of global players & well-established development centers and
the growing IT industry in the region drive the market growth.
Moreover, substantial
R&D investments by major companies foster the market share, allowing early
advent and adoption of advanced technologies. The US and Canada hold leading
positions in the regional market due to the proliferation of the internet,
mobile phones, tablets, and other smart connected devices.
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