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What’s driving the Mobile Satellite Services Market Size? | Key players are Globalstar, Singtel, Iridium Communications, EchoStar, Telstra, Inmarsat plc, ORBCOMM, ViaSat, and INTELSAT

07-09-2019 08:19 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Mobile Satellite Services Market

Mobile Satellite Services Market

The Mobile Satellite Services Market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied.

Mobile Satellite Services Market size is driven by the increasing demand for mobility and advancements in digital technologies, leading to the introduction of new capabilities by the existing MSS that include improved data and multimedia access. Mobile satellite services refer to the network that provides two-way voice and data communication to users located in any remote location. The satellite communication systems are becoming an integral part of telecommunication networks as these systems also offer several advantages to users, including a wide network coverage and uniform performance, irrespective of the location and useful in disaster response systems.

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The satellite system’s ability to deliver communication capabilities independent of terrestrial assets makes it a key component of connectivity in emergency situations. The advancement in satellite technologies with the introduction of high accuracy GNSS receivers, GPS systems, and sensors is expected to boost the growth of the Mobile Satellite Services Market.

Another factor that has fueled the mobile satellite services market growth includes the rapid adoption of mobile satellite and cellular services in emergency and disaster situations. As the deployment of wireless communications is one of the first priorities in emergency response, satellite communication systems are the only communications infrastructure that is not susceptible to damage from disasters. Also, MSS are also used in many countries to provide seismic data to government agencies to enable early warnings before the occurrence of disasters.

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North America is projected to dominate the mobile satellite services market size due to the advanced technological infrastructure and the improved network connectivity. The government agencies have also taken significant efforts to introduce new satellite and navigation systems, which have further triggered the growth of the satcom industry. For instance, in June 2018, the U.S. Air Force awarded a contract of USD 130 million to SpaceX for the launch of Air Force Space Command Satellite (AFSPC)-52 satellites in the late FY2020.

Asia Pacific is estimated to show a faster adoption rate toward the mobile satellite and cellular services due to the advancements in digital infrastructure and the increased efforts taken by the government regarding the implementation of the 5G technology. The proliferation of IoT platforms and smartphones will also lead to an increase in the demand for space-based communication systems. To unleash the potential of IoT, the demand for satellite-based solutions will increase as these systems can easily handle widespread connectivity challenges.

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Some of the leading players in the mobile satellite services market are Globalstar, Singtel, Iridium Communications, EchoStar, Telstra, Inmarsat plc, ORBCOMM, ViaSat, and INTELSAT. The leading players are focusing on strategic agreements to cater to the needs of their business customers. For instance, in January 2017, Inmarsat plc through its distribution partner Global Beam Telecom entered into a multi-year agreement with Tecbuy and Virgin Megastores in the UAE to sell the company’s GSPS IsatPhone Satellite phones and IsatHub terminals to customers in the UAE. The mobile satellite system allows customers to stay connected using one device and one SIM. The agreement helped to foster Inmarsat’s commitment to providing reliable connectivity coupled with the latest advancements in the satellite technology.

Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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