Mobile Satellite Phone Market By Type (LEO Satellite Phone, GEO Satellite Phone), By Application (Defense, Maritime, Aviation, Oil and Gas, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031
The global mobile satellite phone market is anticipated to reach $808.5 million by 2031, growing from $553.6 million in 2021 at a CAGR of 3.9% from 2022 to 2031. With the use of satellite phone, users can communicate with cellular, landline, or other satellite phones in most of the regions across the world. Mobile satellite phones are used for communication during the emergency situations such as severe weather, earthquakes, or nuclear attacks. The mobile satellite phone can be used for transmitting and receiving signals as it has an omnidirectional or directional antennas.
One of the major factors driving the growth of the mobile satellite services market is that the mobile satellite phone is equipped with voicemail, no cell tower is required, and offers great rental option. . The increase in use of satellite communication services for IoT and disaster management in developed regions is driving the mobile satellite phone market size in recent years. The increase in use of technology in a variety of applications such as telecommunication, weather prediction and navigation, military intelligence, and space exploration, as well as continuous advancements in digital technology, all have an impact on the mobile satellite phone market expansion. Furthermore, digitization and urbanization, increased investment, and a focus on data applications and services all benefit the mobile satellite services market.
Satellite phones use radio wave propagation to operate on an entirely different network infrastructure. Mobile satellite phone has certain limitations such as per minute charges of these phones are higher than the cellular phone, severe weather conditions may affect the functionality of these phones, and they are larger in size compared to cellular phones. Furthermore, calls from public networks to these phones can be prohibitively expensive. Other technological limitations that are expected to have a negative impact on global demand include network dead spots, lower voice quality than cellular networks, and latency.
The policies put in place by governments at the national and international levels have an impact on the development of mobile satellite phones and the market, either directly or indirectly. For instance, local government regulations can prevent one from using satellite phones without prior permission. Large antenna size, low bandwidth for Internet access that can lead to delay in voice communication is estimated to hamper the mobile satellite phone market share in the upcoming years.
The use of mobile satellite phones during emergency applications for voice communication, text messaging, email conversations, short message service (SMS), and others is anticipated to generate excellent opportunities in the market. The mobile satellite phones such as LEO satellite phones are convenient and easy to carry as they are smaller and lighter. Also, AST SpaceMobile, a U.S.-based company, is estimated to launch its low earth satellite in 2023, that will facilitate the satellite communications.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were at a standstill. Every industry has been impacted by the pandemic in different ways, including how it has influenced market conditions, supply chains, output, and existing initiatives. A number of market participants are working arduously to introduce new items and use various cutting-edge techniques to lessen the impact that the pandemic has had on enterprises. On contrary, government support for mobile satellite phones in terms of financial incentives, infrastructure development, and regulatory framework is estimated to have positive impact on the mobile satellite phone market outlook.
The key players profiled in this report include Iridium Communications Inc., Globalstar, Inc., Thuraya Telecommunications Company, Inmarsat Global Limited, Beam Communications Pty. Ltd., Bharat Sanchar Nigam Limited, KVH Industries, Inc., K.S.C., TS2 Space Sp. z o.o., and Garmin Ltd.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the mobile satellite phone market analysis from 2021 to 2031 to identify the prevailing mobile satellite phone market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the mobile satellite phone market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global mobile satellite phone market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeLEO Satellite Phone
GEO Satellite Phone
By ApplicationDefense
Maritime
Aviation
Oil and Gas
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Russia
Germany
UK
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
UAE
Argentina
South Africa
Rest of LAMEA
Key Market Players
Beam Communications Pty. Ltd.
bharat sanchar nigam limited - india
Garmin Ltd.
Globalstar, Inc.
Inmarsat Global Limited
Iridium Communications Inc.
K.S.C.
KVH Industries, Inc.
Thuraya Telecommunications Company
TS2 Space Sp. z o.o.
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