Overview and Scope
Mobile satellite services (MSS) refer to telecommunications services provided through satellite systems specifically designed for mobile users. These services offer voice, data, and messaging capabilities to users who are in remote locations or areas where terrestrial networks are not available or unreliable.
Sizing and Forecast
The mobile satellite services market size has grown strongly in recent years. It will grow from $4.95 billion in 2023 to $5.34 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to emergence of global connectivity needs, increased military and defense applications, expansion of broadcasting and media, enterprise connectivity, telecommunications backhaul.
The mobile satellite services market size is expected to see strong growth in the next few years. It will grow to $6.9 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to emerging market growth, commercial space activities, smart transportation, increased agriculture and precision farming, adoption of smart transportation. Major trends in the forecast period include integration with 5G networks, rapid expansion of IoT connectivity, increasing demand for broadband connectivity, enhanced disaster response and public safety solutions, diversification of service offerings.
Order your report now for swift delivery, visit the link:https://www.thebusinessresearchcompany.com/report/mobile-satellite-services-global-market-report
Segmentation & Regional Insights
The mobile satellite services market covered in this report is segmented –
1) By Service: Voice, Data2) By Application: Land Mobile Satellite Service, Aeronautical Mobile Satellite Service, Maritime Mobile Satellite Service3) By Industry: Oil And gas, Media And Entertainment, Transportation, Aviation, Defense, Automative, Government, Other Industries
North America was the largest region in the Mobile Satellite Service market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile satellite services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:https://www.thebusinessresearchcompany.com/sample.aspx?id=14143&type=smp
Major Driver Impacting Market Growth
The expansion of oil and gas exploration is expected to propel the growth of the mobile satellite services market going forward. Oil and gas exploration refers to the process of searching for underground or underwater reservoirs of oil and natural gas deposits. It is rising due to economic, technological, and geopolitical factors to meet global energy needs. Mobile satellite services are used in oil and gas exploration activities to offer dependable communication, data transmission, logistics assistance, and environmental monitoring in remote and challenging environments. For instance, in December 2022, according to reports shared by the Energy Information Administration (EIA), a US-based government agency, US oil production and natural gas production both increased in 2021. Oil production increased from 11.2 million barrels per day (b/d) in 2020 to 11.6 million barrels per day (b/d) by 2021, and natural gas production increased from 112.6 billion cubic feet per day in 2020 to 118.7 billion cubic feet per day by 2021. Therefore, the expansion of oil and gas exploration is driving the growth of the mobile satellite service market.
Key Industry Players
Major companies operating in the mobile satellite services market are Ericsson AB, Telstra Corporation Limited, Singapore Telecommunications Limited., Viasat Inc., Intelsat SA, SES S.A., EchoStar Corporation, Hughes Network Systems, AI Yah Satellite Communications company P.J.S.C, Inmarsat plc, Eutelsat Communications S.A., Telesat Canada, Iridium Communications Inc., Telespazio S.p.A., Comtech Telecommunications Corporation, Orbcomm Inc., Encompass Digital Media Inc., Speedcast International Limited, Globecast Asia Pte Ltd, Gilat Satellite Networks Ltd., Globalstar Inc., Avanti Communications Group plc, Ligado Networks LLC, Russian Satellite Communications Company (RSCC), MTN Satellite Communications Inc.
The mobile satellite services market report table of contents includes:
1. Executive Summary2. Mobile Satellite Services Market Characteristics3. Mobile Satellite Services Market Trends And Strategies4. Mobile Satellite Services Market - Macro Economic Scenario5. Global Mobile Satellite Services Market Size and Growth...32. Global Mobile Satellite Services Market Competitive Benchmarking33. Global Mobile Satellite Services Market Competitive Dashboard34. Key Mergers And Acquisitions In The Mobile Satellite Services Market35. Mobile Satellite Services Market Future Outlook and Potential Analysis36. Appendix
Contact Us:The Business Research CompanyEurope: +44 207 1930 708Asia: +91 88972 63534Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:LinkedIn: https://in.linkedin.com/company/the-business-research-company Twitter: https://twitter.com/tbrc_info Facebook: https://www.facebook.com/TheBusinessResearchCompany YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ Blog: https://blog.tbrc.info/ Healthcare Blog: https://healthcareresearchreports.com/ Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
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.
Market AnalysisThe 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.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/10232Various 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 AnalysisBy 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.
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.
