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Mobile Satellite Services Expansion of Share is Primarily Driven by an Increase in Demand For Mobility

01-25-2023 04:14 AM CET | IT, New Media & Software

Press release from: Fact.MR

The market for mobile satellite services is anticipated to grow at a CAGR of 6.4% between 2022 and 2032. According to estimates, the market for mobile satellite services would grow from US$ 5.2 billion in 2021 to US$ 10.4 billion in 2032.

The mobile satellite services (MSS) market is anticipated to grow over the course of the forecast period due to the utilisation of satellite communication services for IoT and disaster management in developed regions. Applications for mobile satellite services include telecommunication, weather prediction and navigation, military intelligence, and space exploration.

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What is the Segmentation Outlook for the Mobile Satellite Services Market?

Throughout the forecast period, the aerospace and defence segment is expected to take the lead in terms of revenue contribution to the global market for mobile satellite services due to the growing demand to better military mobility and communication on land, sea, and air. As the government increases its investments to improve the safety and security of military personnel, demand for mobile satellite services is projected to increase.

The market for mobile satellite services is growing as a result of rising mobility demand, better integration of mobile and satellite technologies, and developments in digital technology. However, a shortage of readily available bandwidth, poor voice and data quality under weak signal conditions, and rising government limitations on the use of satellite technology are limiting the expansion of the mobile satellite services business.

Key Companies Profiled
• Echostar Corporation
• Ericsson AB
• GlobalStar
• Immarsat Inc
• Intelsat S.A.
• Singtel Satellite
• Telstra Corporation Ltd
• Tesacom, ViaSat Inc

What insights this research provides to readers?
• Mobile Satellite Services fragmentation on the basis of product type, end use, and region.
• Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
• Collaborations, R&D projects, acquisitions, and product launches of each Mobile Satellite Services player.
• Various regulations imposed by the governments on the consumption of Mobile Satellite Services in detail.

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Additionally, by integrating next-generation satellite capabilities into 5G mobile networks, mobile satellite operators can play a significant part in the expanding 5G ecosystem, which will increase demand for mobile satellite services.

The most recent market research report, which is being distributed to a global audience, offers business forecasts, growth trends in important regions, and development developments. The thorough market research helps customers navigate the data and understand the analysis. A deeper understanding of the industry, thorough predictions, product production, and overall market income can all be aided by geographic market research.

Mobile Satellite Services Market: Segmentation
• By Service :
o Voice
o Data
• By Application :
o Land Mobile Satellite Service
o Aeronautical Mobile Satellite Service
o Maritime Mobile Satellite Service
• By Industry :
o Oil and Gas
o Media and Entertainment
o Transportation
o Aviation
o Defence
o Automotive
o Government
o Others
• By Region :
o North America
o Latin America
o Europe
o Asia Pacific
o Middle East & Africa

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The key perks of this report address the following questions-
• What are the key highlights of our Mobile Satellite Services market research report?
• What are impelling reasons for buying this report?
• What makes this Mobile Satellite Services market report distinct from others?
• What are the key benefits of this Mobile Satellite Services market research report?
• What objectives are met under this market research report?
• What research methodology do we use at FactMR?
• What insights this research provides to readers?

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