Global Mobile Satellite Services Market
The Global Mobile Satellite Services Market was valued at USD 4.44 billion in 2016 and is projected to reach USD 10.78 billion by 2025, growing at a CAGR of 10.35% from 2017 to 2025.
Mobile satellite services (MSS) refers to networks of communications satellites intended for use with mobile and portable wireless telephones. There are three major types: aeronautical MSS, land MSS, and maritime MSS. MSS provides improved voice and data clarity for enabling enhanced user experience.
1. Market Drivers
1.1 Enhanced Frequency Spectrum
1.2 High Quality of Service Reliability
1.3 Advancements in Digital Technology
1.4 Growing Demand for Mobility
1.5 Integration of Satellites and Terrestrial Mobile Technology
2. Market Restraints
2.1 Interoperability Issues between MSS System
2.2 Poor Availability and Accessibility
2.3 High Frequency Band Congestion
2.4 Governmentâ€™s Policy and Regulatory Issues
The Global Mobile Satellite Services Market is segmented on the access type, service, vertical, and region.
1. By Access Type:
1.3 Land mobile
2. By Service:
2.1 Tracking and monitoring services
2.2 Voice services
2.3 Video services
2.4 Data services
3. By Vertical:
3.1 Transport and Logistics
3.2 Media and Entertainment
3.3 Oil and Gas
3.6 Military and Defense
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
3. Intelsat General Corporation
5. Echostar Corporation
8. Globalstar, Inc.
10. Iridium Communications, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Mobile Satellite Services Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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