Press release
Mobile Satellite Services Market 2021 Competitive Insights and Outlook- Globalstar Inc., Ericsson Inc., Inmarsat PLC, EchoStar Mobile Limited, Iridium Communications Inc
The Mobile Satellite Services Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The mobile satellite services market was valued at USD 3502.08 million in 2019 and is expected to reach USD 5024.28 million by 2025, at a CAGR of 6.2% over the forecast period 2020 - 2025.
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Competitive Landscape:
Top Companies: Globalstar Inc., Ericsson Inc., Inmarsat PLC, EchoStar Mobile Limited, Iridium Communications Inc., Intelsat S.A, Thuraya TelecommunicationsÊCompany, ViaSatÊUK Limited, ORBCOMM EuropeÊHolding BV
Industry News and Updates:
In February 2018, Ericsson and MTS established 5G research center in Russia. The two companies may leverage their expertise, latest technologies, and partner ecosystem to build prototypes and explore new business opportunities with 5G and Internet of Things.
Key Market Trends:
North America, among the lead innovators and pioneers, in terms of adoption, is one of the largest markets for mobile satellite services. The growth in demand from end-user industries, such as government, maritime, aviation, among others, is boosting the growth of the market in the region. Moreover, the region has advanced foothold technological infrastructure and improved network connectivity.
The government agencies in the region have taken significant efforts to introduce new satellite and navigation systems, which have further boosted the growth of the satcom industry. For instance, in June 2018, the U.S. Air Force awarded the contract of USD 130 million to SpaceX for the launch of Air Force Space Command Satellite (AFSPC) -52 satellites in the late FY2020.
Recently, SES GS announced that the U.S. General Services Administrations Future Satellite Communications Service Acquisition (FCSA) program had awarded SES Government Solutions the spot on the Complex Commercial Satellite Communications Solutions contract (CS3).
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What are the market influences that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Mobile Satellite Services Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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