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Mobile Satellite Services Market Size Worth USD 10.19 Billion by 2027, Market Trends – The rise in the adoption of real-time location data using IoT technology

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Mobile Satellite Services Market Size Worth USD 10.19 Billion by 2027, Market Trends – The rise in the adoption of real-time location data using IoT technology

April 06
06:24 2021
The study is a professional probe into the revenue generated and capacity estimates for the Mobile Satellite Services market for the forecast period 2020 – 2027 empower the business owners to maintain a competitive edge over their rivals.

The marketplace for mobile satellite services is projected to expand dramatically during the projected timeframe due to the increasing demand for connectivity and the growth of digital technology. The rapid adoption of wireless and cellular networks in emergency and crisis scenarios is also supposed to propel market development.

 However, stringent government regulations, low bandwidth, and weak voice and data quality are expected to hinder the market growth during the forecast timeframe.

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North America is expected to dominate the market for mobile satellite networks due to better technological infrastructure and enhanced network connectivity. The Asia Pacific is expected to witness the fastest growth over the forecast period due to technological advances in telecommunication infrastructure and increased government investments in the implementation of 5G technology.

Market Drivers

The capacity of satellite communication to offer communication networks separately from terrestrial assets makes it a core aspect of connectivity in emergencies. Advancements in communications systems with the introduction of high-precision GPS receivers, GPS networks, and detectors are expected to fuel the growth of the demand for mobile satellite services.

Key participants include Ericsson, Globalstar, Inc., Iridium Communications Inc., Inmarsat plc, ORBCOMM, Singapore Telecommunications Limited, EchoStar Corporation, Intelsat Corporation, Viasat, Inc., and Telstra Corporation Limited among others.

The development and launch of mobile satellite networks are costly and time-consuming, slowing the demand growth over the projection timeframe. The Covid-19 epidemic has resulted in the introduction of immediate lock-ups to limit the distribution curve, which, in addition, has led to factory shutdowns, delays in the production process, and economic slump worldwide.

  • Type Outlook (Revenue, USD Billion; 2017-2027)
    • Maritime MSS
    • Aeronautical MSS
    • Land MSS
    • Broadcast MSS
    • Personal MSS
  • Service Outlook (Revenue, USD Billion; 2017-2027)
    • Data Service
    • Video Service
    • Tracking and Monitoring Service
    • Voice Service
  • End-Use Outlook (Revenue, USD Billion; 2017-2027)
    • Aerospace & Defense
    • Transportation
    • Oil & Gas
    • Media & Entertainment
    • BFSI
    • Automotive
    • Mining
    • Aviation
    • IT and Telecom
    • Government
    • Others

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Regional Landscape

 North America is expected to lead the market in the projected timeframe due to the widespread use of mobile networks and rising demand for communications networks that are offering a range of other services, which can receive and transmit data from remote locations in countries throughout the region. The Asia-Pacific market is expected to expand to the largest CAGR in the predicted period due to the increasing use of satellite networking in government, defense, and transport applications in the countries in the Asia Pacific area.

 Key Geographies Profiled in the Report:

  • North America (the U.S., Mexico, and Canada)
  • Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
  • Europe (the U.K., France, Germany, and Rest of Europe)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East & Africa (GCC Countries and Rest of Middle East & Africa)

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Mobile Satellite Services Market Segmentation & Impact Analysis

    4.1. Mobile Satellite Services Market Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

           Increasing demand for mobility

           Rising advancements in digital technology

          4.2.3. Market restraints analysis

           High manufacturing cost

           Time Consuming procedure

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Mobile Satellite Services Market By Type Insights & Trends, Revenue (USD Billion)

    5.1. Type Dynamics & Market Share, 2019 & 2027

          5.1.1. Maritime MSS

          5.1.2. Aeronautical MSS

          5.1.3. Land MSS

          5.1.4. Broadcast MSS

          5.1.5. Personal MSS


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