Mobile Satellite Services Market : Prospects for Growth in Developing Economies
Global Mobile Satellite Services Market research report offers a panoramic view of the Mobile Satellite Services Market , regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Mobile Satellite Services Market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.
The global mobile satellite services market size was USD 5.47 Billion in 2022 and is expected to register a steady revenue CAGR of 6.6% during the forecast period, according to latest analysis by Emergen Research. Rising demand for real-time tracking and monitoring services is the primary factor driving market revenue growth. Mobile Satellite Services (MSS) are a collection of services to connect mobile devices and vehicles in distant and underserved locations.
The Mobile Satellite Services (MSS) market has witnessed significant growth in recent years, driven by the increasing demand for seamless connectivity in remote and rural areas, as well as the growing need for reliable communication during emergencies and disasters. MSS refers to the provision of communication services via satellite networks to users on the move, offering voice, data, and video services globally. With advancements in satellite technology and the emergence of new players in the market, MSS has become an integral part of the telecommunications industry, catering to various sectors such as maritime, aviation, government, defense, and energy.
Drivers of Mobile Satellite Services Market Growth:
Several factors are propelling the growth of the Mobile Satellite Services market. Firstly, the rising adoption of satellite communication in sectors such as maritime and aviation for real-time tracking, monitoring, and communication purposes is a major driver. Secondly, the increasing demand for reliable communication services in remote areas where terrestrial networks are unavailable or inadequate is fueling market growth. Additionally, the growing need for disaster recovery solutions and the deployment of satellite networks for emergency communication during natural disasters and humanitarian crises are driving the demand for MSS.
Major Companies and Competitive Landscape
The Mobile Satellite Services Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
Inmarsat Global Limited, EchoStar Corporation, Eutelsat Group, Viasat, Inc., Iridium Communications Inc., Thuraya Telecommunications Company, Thales group, GLOBALSTAR INC., Intelsat, and Icom Inc.
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/mobile-satellite-services-market
Key inclusions of the Mobile Satellite Services Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Covid impact analysis:
The study on the Global Mobile Satellite Services Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Mobile Satellite Services Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Mobile Satellite Services Market industry. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Mobile Satellite Services Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
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Mobile Satellite Services Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global MSS market on the basis of equipment, frequency, services, application, end-use, and region:
· Equipment Outlook (Revenue, USD Billion; 2019–2032)
-
- Satellite Phones
- Satellite Data Terminals
- Broadband Global Area Network
- Satellite Modems
- Other Equipment
· Propulsion Type Outlook (Revenue, USD Billion; 2019–2032)
-
- L Band
- Low Data Rate
- Data Transmission
- Others
- S Band
- Telemetry
- Remote Sensing
- Others
- Ku Band
- Corporate Networks
- Remote Field Operations
- Others
- Others
- L Band
· Services Outlook (Revenue, USD Billion; 2019–2032)
-
- Voice Services
- Push-To-Talk Services
- Emergency Communication Services
- Other Voice Services
- Data Services
- Voice and Data Services
- Tracking and Monitoring Services
- Geographic Information System (GI)S and Navigation Services
- Video Streaming and Broadcasting Services
- Messaging Services
- Internet of Things (IoT) Services
- Other Data Services
- Frequency Conversion
- IoT and Telemetry Tracking and Monitoring
- Voice Services
Regional Analysis of the Mobile Satellite Services Market :
- 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)
Key Objectives of the Report:
- Analysis and estimation of the Mobile Satellite Services Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
- An extensive study of the product portfolios of the major market players and their regional presence
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Mobile Satellite Services Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market.
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