The global Mobile Satellite Services Market is forecasted to be worth USD 10.19 Billion by 2027, according to a new report by Emergen Research. The key drivers expected to boost the market growth for mobile satellite services are growing demand for mobility, rising connectivity of smartphone and satellite technologies, and increasing developments in digital technology across the world. Moreover, rising consumer awareness of the benefits of satellite services and low transport costs are factors also anticipated to propel the growth of the market during the forecast period.
The increasing demand for mobility, growing focus on data applications and services, and rising digital technology advancements are driving the demand for the market.
Mobile Satellite Services Market Size – USD 5.20 billion in 2019, Market Growth - CAGR of 9.4%, Market Trends – The rise in the adoption of real-time location data using IoT technology.
November 2019-EchoStar Mobile, a division of EchoStar Corporation and a mobile satellite manufacturer providing connectivity throughout the North Sea, Europe, and the Mediterranean Sea via a unified satellite and terrestrial network, announced the introduction of the innovative Hughes 4500 S-band terminal to deliver secure connectivity over mobile satellite.
North America is expected to dominate the market for mobile satellite networks due to better technological infrastructure and enhanced network connectivity. The Asia Pacific is expected to witness the fastest growth over the forecast period due to technological advances in telecommunication infrastructure and increased government investments in the implementation of 5G technology.
Key participants include Ericsson, Globalstar, Inc., Iridium Communications Inc., Inmarsat plc, ORBCOMM, Singapore Telecommunications Limited, EchoStar Corporation, Intelsat Corporation, Viasat, Inc., and Telstra Corporation Limited among others.
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The report objectives are:
To evaluate Mobile Satellite Services status, future forecast, growth opportunity, key market, and key players.
To present the Global Mobile Satellite Services development in the different regions of the world.
To strategically study and segment the key players and comprehensively analyze their development plan and strategies.
To define, describe, and forecast the market by product type, market, and key regions.
Key points discussed in the report for Global Mobile Satellite Services Market:
Chapter 1: Introduction, market driving force product, Objectives of the Study, and Research Scope of the Mobile Satellite Services market
Chapter 2: Exclusive Summary –vital information of the Mobile Satellite Services Market.
Chapter 3: Market Dynamics- Drivers, Trends, and Challenges of the Mobile Satellite Services Market
Chapter 4: Mobile Satellite Services Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Market segmentation by Type, End-User and Region 2016-2018
Chapter 6: Analysis of the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 7 & 8: Appendix, Methodology and Data Source…Continued
Finally, Mobile Satellite Services Market is a valuable source of guidance for individuals and companies.
The Land Mobile Satellite Service is expected to lead the market during the forecast period due to widespread use in the defense and military industries.
The data service segment held the largest market share of 35.3% in 2019, owing to Its ability to deliver satellite data to government entities to inform warnings of disasters at an early stage.
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The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.
Type Outlook (Revenue, USD Billion; 2017-2027)
Maritime MSS
Aeronautical MSS
Land MSS
Broadcast MSS
Personal MSS
Service Outlook (Revenue, USD Billion; 2017-2027)
Data Service
Video Service
Tracking and Monitoring Service
Voice Service
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Aerospace & Defense
Transportation
Oil & Gas
Media & Entertainment
BFSI
Automotive
Mining
Aviation
IT and Telecom
Government
Others
Key Questions Answered in the Report:
What is the growth rate of the Mobile Satellite Services market? What is the anticipated market valuation of Mobile Satellite Services industry by 2027?
What are the key growth driving and restraining factors of the Mobile Satellite Services market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Mobile Satellite Services industry over the forecast period?
Which region is expected to show significant growth in the coming years?
Read More: https://www.emergenresearch.com/industry-report/mobile-satellite-services-market
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