The report presents an in-depth assessment of the Mobile Satellite Services Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Mobile Satellite Services from 2021 till 2025. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.
The mobile satellite services market was valued at USD 3502.08 million in 2019 and is expected to reach USD 5024.28 million by 2025, at a CAGR of 6.2% over the forecast period 2020 – 2025.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Mobile Satellite Services Market: Globalstar Inc., Ericsson Inc., Inmarsat PLC, EchoStar Mobile Limited, Iridium Communications Inc., Intelsat S.A, Thuraya TelecommunicationsÊCompany, ViaSatÊUK Limited, ORBCOMM EuropeÊHolding BV and others.
Key Developments:
The Mobile Satellite Services market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on Mobile Satellite Services technologies to strengthen their product capabilities. In February 2018, Ericsson and MTS established 5G research center in Russia. The two companies may leverage their expertise, latest technologies, and partner ecosystem to build prototypes and explore new business opportunities with 5G and Internet of Things.
Market Scope:
Mobile satellite services (MSS) are the telecom services provided to mobile users with the help of satellite technology to establish communication between portable terminals or mobile devices. The availability of mobile communication beyond the terrestrial-based wireless system is a salient feature of MSS. The cost of mobile devices and the poor connection between mobile devices are key drawbacks of these services. MSS is used for emergencies such as distress, natural disasters, war zones, and breakdown of emergency communication.
Regional Analysis For Mobile Satellite Services Market:
North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Key Trends:
Voice Segment is expected to register a Significant Growth
Companies are offering portable and fixed phone services that provide essential voice calls and messaging, for businesses operating in remote regions across the world. These voice services can be used on land, at sea, and in the air. They utilize advanced satellite communications network, offering clear voice quality and minimal call drop out.
For government agencies, voice mobile satellite services are an effective solution to manage coast guards and forest rangers, allowing them to help people on the borders and the islands. This is necessary during natural disasters.
Apart from government agencies, businesses adopt voice satellite services to ensure continuous, uninterrupted communications for their crews in the fishery, mining, transport, construction, and tourism industries. Individual customers also benefit from voice satellite services, especially those who are always on the move or working in areas without cellular networks.
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Influence of the Mobile Satellite Services Market Report:
-Comprehensive assessment of all opportunities and risks in the Mobile Satellite Services market.
-The detailed study of business strategies for the growth of the Mobile Satellite Services market-leading players.
-Conclusive study about the growth plot of the Mobile Satellite Services market for forthcoming years.
-In-depth understanding of Mobile Satellite Services market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Mobile Satellite Services market.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Mobile Satellite Services Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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