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Global Satellite Phone Market 2019-2023 - Product Image

Global Satellite Phone Market 2019-2023

  • ID: 4667543
  • Report
  • October 2018
  • Region: Global
  • 102 pages
  • TechNavio
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FEATURED COMPANIES

  • Globalstar
  • Inmarsat
  • Iridium Communications
  • MORE
About this market
Presently, satellites in geostationary orbit which are positioned more than 22,000 miles above the earth’s surface are used to provide satellite-based Internet services. However, the high latency due to the large distance makes satellite-based Internet inefficient for several applications such as video conferencing, live streaming, and gaming. Moreover, the high manufacturing and launching costs of the traditional large-size satellites makes satellite-based Internet services costly. The latency of satellite-based Internet services can be reduced to nearly 20-30 milliseconds by using the constellations of nano and microsatellites which are placed in LEO at around 680 miles from the surface of the earth. The latency provided by this infrastructure is comparable to that provided by broadband Internet solutions. This satellite-based Internet service is also less costly. Thus, the progression towards low-cost, satellite-based internet services is expected to drive the market growth during the forecast period.

The analysts have predicted that the satellite phone market will register a CAGR of over 4% by 2023.

Market Overview

Advantages of satellite phones over landline and cellular phones
Satellite phones are mainly used in emergency situations when existing communication networks become inaccessible or non-functional. These phones can be used to communicate with other landline, cellular and satellite phones and co-ordinate rescue efforts during extreme weather conditions and natural and manmade disasters. The newer models of satellite phones are also smaller, lighter and provide better functionalities than ordinary cell phones. These advantages of satellite phones over landline and cellular phones are driving the growth of the market during the forecast period.

Stringent regulatory standards for satellite phone development
Satellite phone companies need to follow several regulatory standards such as European Standard EN 62262/ International Electrochemical Commission 62262 (IEC 62262), and the US Department of Defense MIL-STD-810F while manufacturing. This requirement to follow several strict regulatory standards during satellite phone development hampers the growth of the market.

For the detailed list of factors that will drive and challenge the growth of the satellite phone market during the 2019-2023, view the full report.

Competitive Landscape
The market appears to be concentrated and with the presence of few established companies including Globalstar, and Inmarsat the competitive environment is less intense. Factors such as the rugged nature of satellite phones and its several advantages, will provide considerable growth opportunities to satellite phone manufactures. Globalstar, Inmarsat, Iridium Communications, and Thuraya Telecommunications are some of the major companies covered in this report.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Globalstar
  • Inmarsat
  • Iridium Communications
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • Americas - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 08: MARKET SEGMENTATION BY SATELLITE TYPE
  • Market segmentation by satellite type
  • Comparison by satellite type
  • GEO - Market size and forecast 2018-2023
  • LEO - Market size and forecast 2018-2023
  • Market opportunity by satellite type
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Progression toward low-cost, satellite-based Internet services
  • Use of 3D printing technology in satellite manufacturing
  • Miniaturization of electronic parts
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Globalstar
  • Inmarsat
  • Iridium Communications
  • Thuraya Telecommunications
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
PART 15: About the Author


List of Exhibits
Exhibit 01: Global satellite communication market
Exhibit 02: Segments of global satellite communication market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Customer landscape
Exhibit 18: Market share by geography 2018-2023 (%)
Exhibit 19: Geographic comparison
Exhibit 20: Americas - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 22: EMEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 24: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 26: Key leading countries
Exhibit 27: Market opportunity
Exhibit 28: Satellite type - Market share 2018-2023 (%)
Exhibit 29: Comparison by satellite type
Exhibit 30: GEO - Market size and forecast 2018-2023 ($ millions)
Exhibit 31: GEO - Year-over-year growth 2019-2023 (%)
Exhibit 32: LEO - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: LEO - Year-over-year growth 2019-2023 (%)
Exhibit 34: Market opportunity by satellite type
Exhibit 35: Impact of drivers and challenges
Exhibit 36: Vendor landscape
Exhibit 37: Landscape disruption
Exhibit 38: Vendors covered
Exhibit 39: Vendor classification
Exhibit 40: Market positioning of vendors
Exhibit 41: Globalstar – Vendor overview
Exhibit 42: Globalstar – Business segments
Exhibit 43: Globalstar – Organizational developments
Exhibit 44: Globalstar – Geographic focus
Exhibit 45: Globalstar – Segment focus
Exhibit 46: Globalstar – Key offerings
Exhibit 47: Inmarsat – Vendor overview
Exhibit 48: Inmarsat – Business segments
Exhibit 49: Inmarsat – Organizational developments
Exhibit 50: Inmarsat – Geographic focus
Exhibit 51: Inmarsat – Segment focus
Exhibit 52: Inmarsat – Key offerings
Exhibit 53: Iridium Communications – Vendor overview
Exhibit 54: Iridium Communications – Line of business
Exhibit 55: Iridium Communications – Key offerings
Exhibit 56: Thuraya Telecommunications – Vendor overview
Exhibit 57: Thuraya Telecommunications – Product segments
Exhibit 58: Thuraya Telecommunications – Organizational developments
Exhibit 59: Thuraya Telecommunications – Key offerings
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Globalstar
  • Inmarsat
  • Iridium Communications
  • MORE
Global Satellite Phone Market 2019-2023

The author of the report recognizes the following companies as the key players in the global satellite phone market: Globalstar, Inmarsat, Iridium Communications, and Thuraya Telecommunications.

Commenting on the report, an analyst from the research team said: “The latency and the cost of satellite-based Internet services can be reduced by using nano and microsatellites present in LEO. This progression towards low-cost satellite-based Internet services will be a key trend driving market growth.”

According to the report, one of the major drivers for this market is the advantages of satellite phones over landline and cellular phones. These phones are rugged in nature and can withstand rough weather conditions. These phones also provide better geographic coverage than landline and cellular phones.

Further, the report states that one of the major factors hindering the growth of this market is the need to adhere to stringent regulatory standards while developing satellite phones. Satellite phone vendors need to follow several standards such as EN 62262/IEC 62262-2002 and MIL-STD-810F, which is hurting the growth of the market during the forecast period.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Globalstar
  • Inmarsat
  • Iridium Communications
  • Thuraya Telecommunications
Note: Product cover images may vary from those shown
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