Press release
Mobile Satellite Services Market Update Report 2024 | Industry Trends, Demand, Leading Companies and Segmentation till 2032
Mobile satellite services market is anticipated to grow at a CAGR of 6.9% during the forecast period (2024-2031). The global connectivity demand is fueled by remote areas' need for reliable communication, universal service obligations, and IoT and M2M applications. Satellite services provide essential connectivity, real-time monitoring, and disaster recovery. Technological advancements such as high-throughput satellites and low-earth orbit satellites enhance service quality. Regulatory support, strategic partnerships, and private sector investment accelerate market growth.
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Governments and military organizations increasingly rely on mobile satellite services for secure communication, command, and control, driven by rising defense budgets and evolving national security concerns. According to World Form Day, in April 2024, the space industry is on the edge of a new era, with the space economy projected to reach a value of $1.8 trillion by 2035, as stated in a recent report. Satellite and rocket technologies are becoming more widespread, impacting various sectors including retail, consumer goods, lifestyle, food and beverages, supply chains, transport, and disaster mitigation. Furthermore, space-enabled technologies have already revolutionized everyday life, from weather forecasts to the ever-present smart gadgets like smartwatches.
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Market Coverage
Market number available for - 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others
Market Segmentation
Global Mobile Satellite Services Market by Service
Voice
Data
Global Mobile Satellite Services Market by Application
Land Mobile
Aviation & Aeronautics
Maritime
M2M
Global Mobile Satellite Services Market by End-User
Defense & Intelligence
Healthcare
Government
Industrial
Enterprise
Others (Oil & Gas (O&G), and Media and Entertainment)
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Ericsson AB
Eutelsat S.A.
Globalstar, Inc.
Gogo Business Aviation LLC
Hughes Network Systems, LLC
Icom Inc.
Intelsat US LLC
KVH Industries, Inc.
Kymeta Corp.
ORBCOMM Inc.
SES S.A.
Singtel (Singapore Telecommunications Ltd.)
Space Exploration Technologies Corp.
Speedcast
Thuraya Telecommunications Co.
Viasat, Inc.
The Report Covers-
Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global mobile satellite services market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.
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Contact Us:
Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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