IMARC Group’s latest research report, titled “Mobile Satellite Services Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the global mobile satellite services size, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global mobile satellite services market reached a value of US$ 4.48 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.46 Billion by 2027, exhibiting a CAGR of 6.05% during 2022-2027. Mobile satellite services, or MSS, refer to the telecom services provided to mobile users using satellite technology for establishing communication between mobile devices and portable terminals. They deliver vital two-way communication services to mobile workers in remote locations where no other form of communication can be availed. MSS are utilized for emergencies, such as natural disasters, war zones, distress, and breakdown of emergency communication. MSS also provides the availability of mobile communication beyond terrestrial-based wireless systems.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by service type, application type and industry vertical.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Mobile Satellite Services Market
- Strategies of major players and product offerings
The market is primarily driven by the rising usage of satellite communication services for the internet of things (IoT) and in disaster management areas. Moreover, the increasing focus on data applications and services across enterprises is also positively impacting the market growth. Some of the other factors, such as allocation of additional bandwidth for MSS, continuous advancements in digital technology, and the widespread integration with mobile and satellite engineering, are further creating lucrative growth opportunities in the market.
Key Players Included in Global Mobile Satellite Services Market Research Report:
- EchoStar Corporation
- Globalstar Inc.
- Intelsat S.A.
- Iridium Communications Inc.
- Telefonaktiebolaget LM Ericsson
- Telstra Corporation Limited
- Thuraya Telecommunications Company and Viasat Inc.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Service Type:
- Voice Service
- Data Service
- Video Service
Breakup by Application Type:
Breakup by Industry Vertical:
- Aerospace and Defense
- Public Sector
- IT and Telecom
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Mobile Satellite Services Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Mobile Satellite Services Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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