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