Mobile Satellite Services (MSS) market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Mobile Satellite Services (MSS) market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Mobile Satellite Services Market

The mobile satellite services market size was valued at USD 5.21 billion in 2023, and the market is now projected to grow from USD 5.56 billion in 2024 to USD 8.63 billion by 2032, exhibiting a CAGR of 6.5% during the forecast period of 2024-2032.

The pandemic has notably impacted mobile satellite services market growth, affecting industries like aviation, maritime, power, and defense. The decline in air journey and operational challenges in those sectors have decreased call for those offerings. Global travel regulations and lockdown measures have additionally decreased mobility and operational limitations, impacting corporations closely reliant on mobile satellite offerings. Additionally, the pandemic disrupted the deployment of new satellites, affecting manufacturing and launch schedules, negatively impacting the expansion and enhancement of cellular satellite systems.

The boom of IoT and M2M applications in sectors like agriculture, healthcare, and transportation is driving the increase of mobile satellite services (MSS). Inmarsat released the Application and Solution Provider (ASP) program in March 2021 to sell global IoT adoption through satellite connectivity. The software pursuits to create an environment for software program, hardware, and solution companies, as well as Original Equipment Manufacturers (OEMs), in business land markets. This will allow agencies in regions lacking dependable connectivity to select from a huge variety of IoT solutions, enhancing performance, safety, and sustainability.

Direct-to-Device (D2D) conversation and High-throughput Satellites (HTS) technology are famous tendencies in the marketplace, permitting satellite services to reach quit-person gadgets without intermediaries and doing away with the want for sizeable floor infrastructure. D2D minimizes latency and improves service high-quality for real-time packages, specifically in sectors like emergency response. In November 2023, Viasat Inc. And Skylo Technologies released the arena's first worldwide direct-to-tool community, enabling 3GPP Release 17-compliant merchandise inside Viasat's worldwide community. The network supports phone offerings and could be used for large-scale Internet of Automotive and defense programs. Other key traits consist of advancements in satellite technologies, partnerships, and integration with 5G networks.

Comprehensive Analysis of Mobile Satellite Services Market

The market for mobile satellite services (MSS) is segmented into voice and data, with the data segment expected to grow the fastest due to the increasing demand for satellite internet connectivity. Data services support various data applications, such as internet browsing, email communication, and file transfers. Voice services are expected to grow significantly due to the increasing demand for communication for mission-critical applications. The market is also classified into L-band and S-band frequencies, with L-band being the fastest-growing due to the need for communication and data transmission in aviation and marine industries. The S-band segment is expected to grow due to the need for higher bandwidth frequencies. The market is further segmented into aviation, maritime, government and military, and others. The aviation segment is expected to experience significant growth due to in-flight connectivity, cockpit communication, and data transmission for commercial and military aviation applications. The maritime segment is expected to grow the fastest due to increasing demand for crew welfare and communication, as well as global coverage of oceanic regions.

The North America region lead the mobile satellite services market share by benefitting a market size of USD 1.81 billion in 2023 due to major players, technological advancements, and private space launches for SATCOM services.

The worldwide cellular satellite tv for pc services marketplace is ruled through key gamers like Inmarsat Plc, Viasat, Globalstar, Iridium Communications Inc., and Al Yah Satellite Communications Company P.J.S.C. These groups are leveraging partnerships, technological improvements, and mergers to enlarge their market percentage. In August 2022, SES Government Solutions acquired DRS Global Enterprise Solutions for USD 450 million, forming a big-scale answers issuer for the U.S. Government's multi-orbit satellite communications desires. Key organizations include Intelsat S.A., EchoStar Corporation, Eutelsat S.A., and Telesat Corporation.

In May 2023, Australia and New Zealand signed a USD 123 agreement with Inmarsat for the new SouthPAN satellite service, imparting positioning and navigation to most important industries inclusive of delivery, creation, assets, and agriculture, beginning in 2027.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 6.5% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Service

Voice

Data

By Frequency

L-Band

S-Band

Others

By End User

Aviation

Maritime

Government and Military

Others

By Geography

North America (By Service, Frequency, End User, and Country)

U.S. (By End User)

Canada (By End User)

Europe (By Service, Frequency, End User, and Country)

U.K. (By End User)

Germany (By End User)

France (By End User)

Luxembourg (By End User)

Russia (By End User)

Rest of Europe (By End User)

Asia Pacific (By Service, Frequency, End User, and Country)

China (By End User)

India (By End User)

Japan (By End User)

South Korea (By End User)

Australia (By End User)

Rest of Asia Pacific (By End User)

Rest of the World (By Service, Frequency, End User, and Country)

Middle East & Africa (By End User)

Latin America (By End User)

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