Mobile Satellite Services

Mobile Satellite Services

Global Mobile Satellite Services Market to Reach US$11.2 Billion by 2030

The global market for Mobile Satellite Services estimated at US$7.4 Billion in the year 2023, is expected to reach US$11.2 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2023-2030. Data Services, one of the segments analyzed in the report, is expected to record a 6.6% CAGR and reach US$8.2 Billion by the end of the analysis period. Growth in the Voice Services segment is estimated at 4.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.0 Billion While China is Forecast to Grow at 5.8% CAGR

The Mobile Satellite Services market in the U.S. is estimated at US$2.0 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 5.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.7% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Global Mobile Satellite Services Market - Key Trends & Drivers Summarized

How Are Mobile Satellite Services Enhancing Global Connectivity?
Mobile satellite services (MSS) are pivotal in enhancing global connectivity, especially in remote and underserved areas where traditional mobile networks fail to reach. These services provide reliable communication via satellites, enabling voice and data services across the globe, irrespective of the geographical barriers. Industries such as maritime, aviation, and defense heavily rely on MSS for critical communications and operations. The technology is also crucial in disaster management, where immediate response and effective communication can save lives and property. The resilience and broad coverage of MSS make it indispensable for global expeditions, international logistics, and in situations where terrestrial network infrastructure is damaged or nonexistent.

What Innovations Are Driving the Mobile Satellite Services Industry?
The MSS industry is witnessing significant innovations that are expanding its capabilities and applications. Advancements in satellite technology, such as high-throughput satellites (HTS), have drastically increased the bandwidth available for mobile satellite communications, enhancing the quality and speed of data transfer. The development of more compact and power-efficient portable satellite terminals has also made satellite communications more accessible to a broader range of users, including individual adventurers and small-scale enterprises. Additionally, the integration of satellite services with terrestrial networks through hybrid solutions is improving the seamless connectivity and reliability of communications, catering to the growing expectations of modern consumers and businesses.

Who Utilizes Mobile Satellite Services Most, and Why Do They Rely on It?
Mobile satellite services are utilized by a diverse set of industries where stable communication is crucial and often challenging. Maritime operators use MSS for navigation, weather forecasting, and emergency communications over vast oceanic expanses. In aviation, these services provide essential links for aircraft en route, supporting air traffic control and onboard passenger communication systems. The energy sector, including oil, gas, and mining industries, relies on MSS to manage operations in remote areas far from conventional network coverage. Additionally, governments and NGOs deploy mobile satellite services during humanitarian missions and in areas affected by conflict or natural disasters, where reliable communication can mean the difference between life and death.

What Drives the Growth in the Mobile Satellite Services Market?
The growth in the mobile satellite services market is driven by several factors, including the increasing demand for seamless and ubiquitous communication across various industries. The expansion of global business operations and the rise in international travel have underscored the need for reliable communication solutions that satellite services can provide. Technological advancements that offer higher bandwidth, improved speed, and reduced costs of satellite communications are also significant contributors to the market`s expansion. Additionally, the growing emphasis on disaster preparedness and crisis management globally necessitates robust communication solutions that are immune to terrestrial challenges, further propelling the demand for mobile satellite services. The integration of IoT applications with MSS, opening new avenues for data collection and monitoring in real-time, is also spurring further development and adoption of these services.

Select Competitors (Total 13 Featured) -

• EchoStar Corporation
• Ericsson AB
• Globalstar, Inc.
• Inmarsat plc
• Intelsat SA
• Iridium Communications, Inc.
• ORBCOMM, Inc.
• Singapore Telecommunications Limited (Singtel)
• Telstra Corporation Ltd.
• Tesacom
• Thuraya Telecommunications Company
• ViaSat, Inc.

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