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Oil And Gas Exploration Fuels Expansion Of The Mobile Satellite Services Market Driver: Leading Transformation in the Mobile Satellite Services Market in 2025
Mobile Satellite Services Market Size
The mobile satellite services market is predicted to experience an upward trajectory due to the burgeoning oil and gas exploration activities. The latter refers to the pursuit of subterranean or underwater stores of oil and natural gas, a trend that is climbing due to economic, technological, and geopolitical influences to satisfy the world's energy demands. Mobile satellite services are implemented during oil and gas discovery procedures to provide reliable communication, data transmission, logistical support, and environmental monitoring in isolated and demanding settings. For example, the Energy Information Administration, a government agency in the U.S., reported in March 2024 that U.S. crude oil production went up by 9% in 2023 compared to 2022, achieving an unprecedented 12.9 million barrels per day. This surge fueled increased crude oil exports notwithstanding U.S. refineries ongoing optimization for heavier crude oil processing. As a result, the burgeoning oil and gas exploration industry is the impetus behind the growth of the mobile satellite services market.
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How will the growth rate of the mobile satellite services market shape industry trends by 2034?
In the recent years, the mobile satellite services market has seen considerable growth. The market size is expected to expand from $5.34 billion in 2024 to $5.75 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.6%. The historical growth phase is linked to an upsurge in global connectivity requirements, elevated usage in military and defense sectors, the widening of broadcasting and media outlets, enterprise connectivity, and telecommunications backhaul.
The market for mobile satellite services is anticipated to witness substantial expansion in the upcoming years, growing at a compound annual growth rate (CAGR) of 6.2% and reaching $7.32 billion by 2029. This projected growth can be credited to factors such as burgeoning market expansion, a rise in commercial space activities, a surge in smart transportation and precision farming, and an increase in the usage of smart transportation. The integration with 5G networks, accelerated proliferation of IoT connectivity, heightened demand for broadband connectivity, enhanced disaster response mechanisms and public safety solutions, as well as diversification in service offerings are expected to mark key trends within this period.
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What trends are poised to drive the future success of the mobile satellite services market?
Main players in the mobile satellite service sector are forming strategic alliances to offer robust and dependable connectivity, predominantly in isolated and country regions where there is a lack of terrestrial infrastructure. Strategic alliances entail a procedure where businesses take advantage of each other's capabilities and resources for mutual gains and accomplishments. As an example, Spark New Zealand, a telecommunications firm from New Zealand, entered into a partnership in June 2023 with Lynk Global., a US-based creator of satellite-to-mobile-phone satellite constellations. Their goal with this collaborative endeavor is to initiate a satellite-to-mobile service to make connectivity better for their customers, confront major complications, seize budding opportunities, and establish themselves as pioneers in the innovative connectivity solutions sector for the New Zealand market.
Which primary segments of the mobile satellite services market are driving growth and industry transformations?
The mobile satellite services market covered in this report is segmented -
1) By Service: Voice, Data
2) By Application: Land Mobile Satellite Service, Aeronautical Mobile Satellite Service, Maritime Mobile Satellite Service
3) By Industry: Oil And gas, Media And Entertainment, Transportation, Aviation, Defense, Automative, Government, Other Industries
Subsegments:
1) By Voice: Satellite Phone Services, Push-To-Talk Services
2) By Data: Internet Access Services, Remote Monitoring And Control Services
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Which geographical regions are pioneering growth in the mobile satellite services market?
North America was the largest region in the Mobile Satellite Service market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile satellite services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the mobile satellite services market landscape?
Major companies operating in the mobile satellite services market are Ericsson AB, Telstra Corporation Limited, Singapore Telecommunications Limited., Viasat Inc., Intelsat SA, SES S.A., EchoStar Corporation, Hughes Network Systems, AI Yah Satellite Communications company P.J.S.C, Inmarsat plc, Eutelsat Communications S.A., Telesat Canada, Iridium Communications Inc., Telespazio S.p.A., Comtech Telecommunications Corporation, Orbcomm Inc., Encompass Digital Media Inc., Speedcast International Limited, Globecast Asia Pte Ltd, Gilat Satellite Networks Ltd., Globalstar Inc., Avanti Communications Group plc, Ligado Networks LLC, Russian Satellite Communications Company (RSCC), MTN Satellite Communications Inc.
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What Is Covered In The Mobile Satellite Services Global Market Report?
•Market Size Forecast: Examine the mobile satellite services market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the mobile satellite services market for a structured understanding.
•Key Players Overview: Analyze major players in the mobile satellite services market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the mobile satellite services market.
•Segment Contributions: Evaluate how different segments drive overall growth in the mobile satellite services market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the mobile satellite services market.
•Industry Challenges: Identify potential risks and obstacles affecting the mobile satellite services market.
•Competitive Landscape: Review strategic developments in the mobile satellite services market, including expansions, agreements, and new product launches.
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