Market Size – USD 6.31 Billion in 2021, Market Growth – at a CAGR of 9.5%, Market Trends – Increasing need for weather forecasting and telecommunications

The mobile satellite services market was worth US$ 5.6 Billion in 2022 and is predicted to be worth US$ 10.4 Billion by 2032, growing at a CAGR of 6.4% 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.

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.