Global Mobile Satellite Services (MSS) Market Size Study & Forecast, by Service (Voice, Data), By Application (Land Mobile Satellite Service, Aeronautical Mobile Satellite Service, Maritime Mobile Satellite Service), By Industry (Oil and gas, Media and en

Global Mobile Satellite Services (MSS) Market Size Study & Forecast, by Service (Voice, Data), By Application (Land Mobile Satellite Service, Aeronautical Mobile Satellite Service, Maritime Mobile Satellite Service), By Industry (Oil and gas, Media and entertainment, Military and defense, Aviation, Transportation, Others), and Regional Analysis, 2023-2030

Global Mobile Satellite Services (MSS) Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Mobile Satellite Services (MSS) is a type of telecommunications service that provides voice, data, and other communication services to mobile users. MSS systems use satellites to transmit and receive signals, which allows them to provide coverage in areas where terrestrial networks are not available or are unreliable. The surging demand for mobility, rising focus on data applications and services, rising integration demands of satellite and terrestrial mobile technology, as well as increasing regulatory support and favorable policies are the key factors that are augmenting the market demand across the globe.

Furthermore, mobile satellite operators play a significant role in the developing 5G ecosystem by strengthening 5G mobile networks with next-generation satellite capabilities, which raises the demand for mobile satellite services. 5G networks largely concentrate on terrestrial coverage in order to provide high-speed and low-latency connections in cities and other heavily populated areas. Accordingly, MSS enhances 5G by delivering seamless coverage, extending connectivity to these underserved areas, and guaranteeing connectivity continuity. According to the IEA, mobile data traffic continues to expand significantly and is anticipated to quadruple by 2027. It is projected that 5G account for 60% of mobile data traffic in 2027, up from 10% in 2021. Thus, these aforementioned factors are propelling the growth of the Mobile Satellite Services (MSS) Market during the estimated period. Moreover, the surging advancements in satellite technology, as well as improved frequency spectrum present various lucrative opportunities over the forecasting years. However, the policy and regulatory issues and the lack of interoperability between MSS systems are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Mobile Satellite Services (MSS) Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing demand for seamless connectivity, rising integration demand of satellite and terrestrial mobile technology, and increasing demand for mobility. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. The increasing focus on data applications and services, growing demand for data services, as well as rising government initiatives, are significantly propelling the market demand across the region.

Major market players included in this report are:
Ericsson
Globalstar, Inc.
Inmarsat
Iridium Communications, Inc.
Orbcomm
Echostar Corporation
Intelsat General Corporation
Singtel
Viasat
Telstra

Recent Developments in the Market:
In February 2020, Telstra, an Australian provider of communications services, and Ericsson introduced 5G mmWave technology. This mmWave can be scaled, tested, and integrated into a commercial mobile network with success.

Global Mobile Satellite Services (MSS) Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Service, Application, Industry, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Service:
Voice
Data

By Application:
Land Mobile Satellite Service
Aeronautical Mobile Satellite Service
Maritime Mobile Satellite Service

By Industry:
Oil and gas
Media and entertainment
Military and defense
Aviation
Transportation
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Ericsson
Globalstar, Inc.
Inmarsat
Iridium Communications, Inc.
Orbcomm
Echostar Corporation
Intelsat General Corporation
Singtel
Viasat
Telstra

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