The increasing demand for mobility, growing focus on data applications and services, and rising digital technology advancements are driving the demand for the market. Market Size – USD 5.20 billion in 2019, Market Growth – CAGR of 9.4%, Market Trends – The rise in the adoption of real-time location data using IoT technology.
The Global Mobile Satellite Services Market size was valued at USD 5.20 Billion in 2019 and is anticipated to reach USD 10.19 Billion by 2027 at a CAGR of 9.4%. The global mobile satellite services market is expected to grow significantly during the forecast period due to the growing demands for mobility and digital technologies developments. The rapid adoption of cellular facilities and mobile satellite in emergency and disaster situations is also expected to fuel market growth.
The latest market intelligence study on the Mobile Satellite Services Market applies the best of both primary and secondary research techniques to bring to light the growth rate of the Mobile Satellite Services Market for the forecast period, 2020 – 2027. The comprehensive study covers hard to find facts about the market landscape as well as its growth prospects in the years to come. Most importantly, the research report includes vital statistics about the major vendors occupying a strong foothold in this industry. Besides this, in order to calculate the market share, the study takes a closer look at the selling price of the product across different regions.Read [email protected] https://www.emergenresearch.com/industry-report/mobile-satellite-services-market
Iridium Communications Inc.
Singapore Telecommunications Limited
Telstra Corporation Limited
Key Highlights From The Report
November 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.
The aerospace & defense industry is expected to see a higher acceptance of mobile satellite services over the forecasted period due to the launch of a wide range of satellite and cellular communication systems.
North America is expected to dominate the market for mobile satellite networks due to better technological infrastructure and enhanced network connectivity. The Asia Pacific is expected to witness the fastest growth over the forecast period due to technological advances in telecommunication infrastructure and increased government investments in the implementation of 5G technology.
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Segments Covered in the report
Type Outlook (Revenue, USD Billion; 2017-2027)
Service Outlook (Revenue, USD Billion; 2017-2027)
Tracking and Monitoring Service
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Aerospace & Defense
Oil & Gas
Media & Entertainment
IT and Telecom
Regional Outlook (Revenue, USD Billion; 2017-2027)
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