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Mobile Satellite Services Market Covid-19 Analysis: Key Findings, Key Players Profiles, Regional Analysis and Future Prospects

12-25-2020 06:42 PM CET | Science & Education

Press release from: Market Research Future

Market Snapshot

Several companies across the globe are offering mobile satellite services (MSS), which are used for two-way voice and data communications. These services target global users who are on the move or operate in remote locations. The terminal devices range from satellite phones to quick-deploy broadband data services and smart connectivity devices. All low Earth orbit (LEO) and geostationary-satellite orbit (GSO) MSS systems offer services to extensive coverage areas as compared to terrestrial systems. MSS systems are operated directly by providing portable handheld or transportable telecommunications between the MSS terminals and the global infrastructure. Another method of using MSS is as an interface between a local terrestrial system and the global infrastructure, by providing satellite-based backhaul services.

The current MSS systems can provide voice and data radiocommunications and access to the Internet. The main driving factors for market growth are the increased focus on data applications and services and the increasing need for mobility. The growing requirement for MSS across various industry verticals is expected to provide excellent opportunities for market growth in the years to come.

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The proliferation of satellites in the consumer space has increased. CubeSats, satellites that are about 4 inches around, have started attracting new investments and are under experimentation since 2016. Their flexibility and low cost of operation make them highly viable for scientific explorations, according to the National Academies of Sciences, Engineering, and Medicine. Currently, there are only about 130 CubeSat devices in orbit. However, as they grow in popularity and use, especially in consumer applications, this number is expected to grow exponentially. Devices like CubeSats are expected to make satellite technology more widely available and accessible in the future.

Global Mobile Satellite Services Market is estimated to reach USD 6,551.8 Million by 2026, registering a CAGR of 7.3% during the forecast period (2020–2026).

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Companies Covered

The Prominent Players of the Global Mobile Satellite Services Market are ORBCOMM (US), GLOBALSTAR (US), Inmarsat Global Limited (UK), Thuraya Telecommunications Company (UAE), Tesacom (Argentina), Telefonaktiebolaget LM Ericsson (Sweden), Iridium Communications Inc. (US), Intelsat (US), Telstra (Australia), ViaSat, Inc. (US), and EchoStar Corporation (US). The global mobile satellite services ecosystem consists of various global and regional service providers that are evolving to enhance their market positions. Moreover, intense competition and rapid advancements in technology to cope with security concerns are key factors that aid market growth. The service providers compete based on cost, efficiency, security, and reliability of the solutions to sustain in the market.

Office No. 528, Amanora Chambers Pune - 411028

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Market Research Future
528, Amanora Chambers, Magarpatta Road, Hadapsar
Pune – 411028, Maharashtra, India
Email: sales@marketresearchfuture.com

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