Mobile Satellite Services Market

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Mobile Satellite Services (MSS) Market by Service Type (Video Service, Data Service, and Voice Service), by Application (Land, Air, and Maritime), by Industry Verticals (Banking, Financial Services, and Insurance, Aerospace & Defense, Healthcare, Public Sector, IT & Telecom, Retail, and Other) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

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Market Definition

The global Mobile Satellite Services (MSS) Market is forecasted to grow at a rate of 5.8% from USD 4.06 Billion in 2019 to USD 7.55 Billion in 2030.

Mobile Satellite Services (MSS) are telecom services that provide two-way voice and data communications to the users located in remote areas with the help of satellite technology. In recent times, satellite communication systems have become significant part of telecommunication networks as they provide various advantages to users, including wide network coverage and uniform performance irrespective of the user location.

MSS systems are classified based on their orbital altitudes such as medium earth orbit (MEO), low earth orbit (LEO), and geostationary orbit (GEO). These systems are suitable in remote areas where wired networks are not available. MSS are also used in emergency conditions such as distress, natural disasters, war zones, and breakdown of communication due to several reasons.

Market Dynamics and Trends

The increase in demand for portability, advancement of digital technology and growing demand of mobility are some of the factors boosting mobile satellite services market growth. Also, features like efficient transmission of voice, data and video, along with tracking and monitoring services that are crucial for oil and gas, media, mining, military, aviation, and transportation verticals are the drivers for the market growth.

However, factors such as high cost, low available bandwidth and poor quality of data and voice in bad signal conditions are expected to restraint the growth of MSS market globally. On the contrary, development of internet of things (IoT), increased competition among ISPs along with introduction of highly accurate GPS systems, GNSS receivers, and sensors are anticipated to create lucrative opportunities and offer a considerable boost to the global MSS market expansion.

 

Market Segmentations and Scope of the Study

The global mobile satellite services market report is segmented by service, application, industry vertical, and region. Based on service, it is divided into video, voice, and data service. By application is classified into land, air, and maritime access. Based on industry vertical, it is categorized into banking, financial, and insurance (BFSI); aerospace & defense; healthcare; public sector; IT & telecom; retail; and others. Based on geography, it is analyzed across North America, Europe, Asia-Pacific, and rest of the world (RoW).

 

Geographical Analysis

North America holds lion's share in the mobile satellite services market due to the adoption of advanced technologies, growing consumer’s preference towards smart devices, and improved network connectivity in this region.

However, Asia-Pacific is also expected to show a steady rise in the growth of MSS market due to the increasing population and need for high-speed connectivity owing to expansion of industrial and non-industrial sectors in this region.

 

Competitive Landscape:

Comprehensive mobile satellite services industry analysis and profiles of the major market players in the report include Ericsson Inc., Globalstar, Inc., Inmarsat Holdings Limited., Iridium Communications, Inc., Orbcomm Inc., Echostar Corporation., Intelsat General Corporation., Singtel Ltd., VirSat Inc., and Telstra Corporation Limited.

Key Benefits

  • This report provides an extensive analysis of current and potential mobile satellite services market trend.

  • The report contains in depth quantitative analysis of current and future market estimations through 2020-2030, which helps recognize the growth opportunities.

  • Extensive analysis of the market helps understand the current practices for the better investment decisions.

  • Key market players are profiled and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the mobile satellite services market.

  • Extensive analysis of the market is conducted by monitoring the top competitors within the market framework.

  • Comprehensive analysis of factors that drive and restrict the growth of the market is provided.

Mobile Satellite Services Market Key Segments

By Service type

  • Video Service

  • Data Service

  • Voice Service

By Application Type

  • Land

  • Air

  • Maritime

By Industry Verticals

  • Banking, Financial Services, and Insurance

  • Aerospace & Defense

  • Healthcare

  • Public Sector

  • IT & Telecom

  • Retail

  • Other

By Region

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Russia

    • Rest of Europe

  • Asia-Pacific

    • Australia

    • China

    • India

    • Japan

    • Rest of Asia-Pacific

  • RoW

    • Latin America

    • Middle East

    • Africa

KEY PLAYERS:

  • Ericsson Inc.
  • Globalstar Inc.
  • Inmarsat Holdings Limited.
  • Iridium Communications Inc.
  • Orbcomm Inc.
  • Echostar Corporation.
  • Intelsat General Corporation.
  • Singtel Ltd.
  • VirSat Inc.
  • Telstra Corporation Limited.

Report Scope and Segmentation

Parameters

Details

Analysis Period

2019–2030

Base Year Considered

2020

Forecast Period

2020–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Service type (Video Service, Data Service, Voice Service) By Application Type (Land, Air, Maritime) By Industry Verticals (Banking, Financial Services, and Insurance, Aerospace & Defense, Healthcare, Public Sector, IT & Telecom, Retail, Other)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Russia, Rest of Europe), Asia-Pacific (Australia, China, India, Japan, Rest of APAC), Rest of the World (Latin America, Middle East, Africa)

Companies Profiled

Ericsson Inc., Globalstar, Inc., Inmarsat Holdings Limited., Iridium Communications, Inc., Orbcomm Inc., Echostar Corporation., Intelsat General Corporation., Singtel Ltd., VirSat Inc., and Telstra Corporation Limited.

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Frequently Asked Questions

According to the report published by Next Move Strategy Consulting, the Mobile Satellite Services market business is expected to hit at $7.55 billion (USD) by 2030.

North America is expected to hold the highest market share in the global market. The region is expected to witness remarkable growth as it houses the major key players in the market.

Ericsson Inc., Globalstar, Inc., Inmarsat Holdings Limited., Iridium Communications, Inc., Orbcomm Inc., Echostar Corporation., Intelsat General Corporation., Singtel Ltd., VirSat Inc., and Telstra Corporation Limited

The global Mobile Satellite Services market share analysis is based on service, application, industry vertical, and region.

Currently (in 2019), the market value stands at USD 4.06 billion and it is anticipated to reach USD 7.55 billion by 2030.
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