The growing demand for consistent and uninterrupted services by the maritime and aeronautics sector will drive the growth of the mobile satellite services market.
Market Size - USD 4.53 Billion in 2019, Market Growth - CAGR of 6.9%, Market Trends - Utilization in disaster management areas
The Global Mobile Satellite Service (MSS) Market is forecast to reach USD 8.20 Billion by 2027, according to a new report. Mobile satellite services (MSS) offers two-way data and voice communications to users across the globe who are always traveling or are in remote locations. MSS is frequently used for its global reception.
The terminals range in size from handheld to laptop-size. These terminals can be mounted in a vehicle where communications can be maintained even when the vehicle is moving. MSS operates at an L-band, low enough in the frequency spectrum to avoid the rain fade related to higher bandwidth like Ka- and Ku-band fixed satellite systems.
MSS is a mobile telephone service that depends on portable terrestrial satellites rather than a fixed terrestrial satellite and is known as cell phone towers. They can be mounted on moving vehicles such as ships, cars, airplanes, and individuals can also carry them. Businesses adopt voice satellite services to ensure consistent, uninterrupted communications for their workers in mining, fishery, construction, transport, communications, and tourism industries.
North America dominated the market for mobile satellite services owing to high demand from the government, aviation, and maritime sectors. The region has advanced technologies that need uninterrupted and consistent mobile networks. The region occupied 31.9% of the market revenue in the year 2019.
In June 2018, the U.S. air force awarded USD 130 Million to SpaceX to launch Air Force Space Command Satellite - 52 satellites in the financial year 2020.
Further key findings from the report suggest
- The voice mobile satellite is an effective solution for government agencies to manage coast guards and forest rangers, making it possible for them to aid people on the islands and borders. It is very needed during natural disasters.
- Companies are supporting polar adventures by providing tourists with voice satellite services. Polar adventurer Antony Jinman used Iridium GO! for his Antarctica trip.
- The increase in the number of flight services has increased the demand for mobile satellite services. Commercial airlines will use it to provide their clients with full internet access, which includes e-mail with attachments, shopping, corporate intranet connectivity, and more. It will also allow airlines to improve their operational efficiency by providing real-time monitoring ability of equipment and inventories.
- BFSI sector will record a significant CAGR of 7.1% during the forecast period. With the banking sector moving towards digitalization, they need to be able to connect with their physical points of presence like branches, kiosks, and ATMs. Banks need to find proper communications to connect to these points to expand their services.
- Hughes Network Systems, LLC, on May 2019, announced Eutelsat Communications had selected the Hughes JUPITER™ System to enable services on its KONNECT new-generation High-Throughput Satellite (HTS) for Western Europe and Africa
- Key participants include Ericsson Inc., Intelsat S.A., Globalstar Inc., EchoStar Mobile Limited, Thuraya Telecommunications Company, ORBCOMM Europe Holding BV, Hughes Network Systems, Telstra Corporation, SpaceQuest, and TerreStar, among others.
For the purpose of this report, Reports and Data has segmented the Global Mobile Satellite Service (MSS) Market on the basis of service type, access type, end-user, and region:
Service Type Outlook (Revenue: USD Billion; 2017-2027)
- Video Service
- Data Service
- Voice Service
Access Type Outlook (Revenue: USD Billion; 2017-2027)
- Land MSS
- Aeronautical MSS
- Maritime MSS
- Personal MSS
- Broadcast MSS
End-User Outlook (Revenue: USD Billion; 2017-2027)
- BFSI
- Aerospace and Defense
- Healthcare
- Public Sector
- IT and Telecom
- Retail
Regional Outlook (Revenue: USD Billion; 2017-2027)
- North America
- U.S.
- Europe
- U.K.
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Mobile Satellite Service Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Mobile Satellite Service market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Companies Mentioned
- Ericsson Inc.
- Intelsat S.A.
- Globalstar Inc.
- EchoStar Mobile Limited
- Thuraya Telecommunications Company
- ORBCOMM Europe Holding BV
- Hughes Network Systems
- Telstra Corporation
- SpaceQuest
- TerreStar
