Market Analysis:
Themobile satellite services market sizewill touch USD 8.52 million at a 7.45% CAGR between the forecast period 2030, 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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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 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.
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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 RD 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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