A recent report published by Infinium Global Research on the mobile satellite services market provides an in-depth analysis of segments and sub-segments in the global as well as regional mobile satellite services market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional mobile satellite services market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global mobile satellite services market. According to the report, the global mobile satellite services market is projected to grow at a CAGR of 8.3% over the forecast period of 2019-2025.

Market Insight

Mobile Satellite Services means networks of communications satellites intended for use with mobile and portable wireless telephones. Satellites are used for telecommunication, navigation, weather prediction, military intelligence, and space exploration. Satellite phones are tracked through its radio emissions which will require a trained technician and specialist equipment. Many satellite phones have automatic location sharing. The S-band system based on its geostationary satellites is currently developing by Mexico. On 27 November 2019, ISRO has launched a remote sensing satellite Cartosat-3. The resolution is 1.13 m with a 16 km swath in four-band multispectral mode and equipped with a mid-wave infrared camera with a 5.7 m resolution. This new advancement remote sensing satellite Cartosat-3, in turn, propel the mobile satellite services market.

The increasing demand for mobile satellite services in disaster management areas in developed regions is boosting the mobile satellite services market. Satellite services are used in various applications such as telecommunication, weather prediction, and navigation, military intelligence, and space exploration is the factor enhancing the mobile satellite services market. Increasing the adoption of voice-based mobile satellite services by companies to keep their employees connected with their families and close friends is propelling the mobile satellite services market. Technological advancement and adoption of digital technology are the factors driving the satellite services market. The growing demand for mobility among consumers can be another factor impelling the satellite services market. However, strict government regulation in different regions is the major factor hampering the satellite services market. The cost of mobile devices and the poor connection between mobile devices are the factors hindering the satellite services market. Moreover, the emergence of 5G creates an opportunity for the mobile-satellite service.

Geographically, North America is the dominant region in the satellite services market. Advanced foothold technological infrastructure and improved network connectivity are the factors driving the satellite services market in North America. Also, increasing demand for the end-user industries such as aviation is another factor boosting the satellite services market in North America. Asia Pacific is expected to grow at the highest CAGR in the forecast period due to government initiative towards the implementation of the 5G technology along with the rising penetration of Internet of Things and smartphones as well as advancements in digital infrastructure.

Segment Covered

The report on the global mobile satellite services market covers segments such as service type, application, and industry vertical. On the basis of service type, the sub-markets include voice service, video service, and data service. On the basis of application, the sub-markets include maritime, aeronautical, and land. On the basis of industry vertical, the sub-markets include aerospace & defense, media and entertainment, IT & telecom, mining, and other industry vertical.

Companies Profiled:

The report provides profiles of the companies in the market such as Intelsat Corporation, Inmarsat PLC, Telstra Corporation Limited, EchoStar Corporation, Viasat Inc., Globalstar, Inc., Singapore Telecommunications Limited, Iridium Communications, Inc., Orbcomm Inc., Thuraya Telecommunications Company, and Other Companies.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the mobile satellite services market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.