Press release
Strategic Partnerships Driving Resilient Connectivity in Remote Areas Industry Trends Gaining Momentum in the Global Mobile Satellite Services Market
Mobile Satellite Services
Mobile Satellite Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for mobile satellite services has seen substantial growth over the past few years. The market, which was worth $5.34 billion in 2024, is forecasted to grow to $5.75 billion in 2025, representing a Compound Annual Growth Rate (CAGR) of 7.6%. This robust growth during the historic period can be credited to the rise in global connectivity demands, the expansion of military and defense needs, the proliferation of broadcasting and media, enterprise connectivity growth, and the increase of telecommunications backhaul.
Mobile Satellite Services Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, significant expansion is predicted for the mobile satellite services market, with projections estimating it will reach $7.32 billion by 2029, recording a compound annual growth rate (CAGR) of 6.2%. This promising growth forecast can be correlated with several factors such as the expansion of emerging markets, the upsurge in commercial space activities, the rise of smart transportation systems, the advancement of agriculture and precision farming, and the adoption of smart transportation methods. Key trends driving this growth during the forecast period are the integration of these services with 5G networks, the swift growth of IoT connectivity, increasing broadband connectivity demand, improved disaster response mechanisms and public safety solutions, and the diversification of service offerings.
View the full report here:
https://www.thebusinessresearchcompany.com/report/mobile-satellite-services-global-market-report
What Are the Drivers Transforming the Mobile Satellite Services Market?
The mobile satellite services market is predicted to grow as a result of the increased exploration of oil and gas. Exploration of oil and gas includes the hunt for underwater or underground reservoirs of oil and natural gas reserves. This is ballooning due to various economic, technological, and geopolitical influences in order to cater to global energy requirements. Mobile satellite services play a critical role in oil and gas exploration tasks by providing a reliable means of communication, transferring data, aiding logistics, and performing environmental monitoring in isolated and demanding settings. To illustrate, the Energy Information Administration, a government entity based in the U.S, reported in March 2024 that U.S crude oil production saw a 9% growth in 2023 relative to 2022, peaking at 12.9 million barrels per day. This surge has led to an increase in crude oil exports, despite U.S refineries remaining prioritized for heavier crude oil processing. Thus, the increased exploration of oil and gas is propelling the growth of the mobile satellite services market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14143&type=smp
What Long-Term Trends Will Define the Future of the Mobile Satellite Services Market?
Prominent firms in the mobile satellite service sector are using strategic partnerships as a way to ensure unwavering and reliable connectivity, especially in rural or remote locations where terrestrial infrastructure is lacking. These partnerships involve companies utilizing each other's strengths and resources to obtain mutual benefits and success. For example, in June 2023, Spark New Zealand, a telecommunications company based in New Zealand, entered into a partnership with Lynk Global, a US company specializing in creating satellite-to-mobile-phone satellite constellations. Through this collaboration, they plan to initiate a satellite-to-mobile service with the goal of enhancing connectivity for their customers. They aim to tackle significant hurdles, take advantage of emerging opportunities, and establish their position as a pioneer in novel connectivity solutions for the New Zealand market.
Which Segments in the Mobile Satellite Services Market Offer the Most Profit Potential?
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
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=14143&type=smp
Which Firms Dominate the Mobile Satellite Services Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential 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.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14143
"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Strategic Partnerships Driving Resilient Connectivity in Remote Areas Industry Trends Gaining Momentum in the Global Mobile Satellite Services Market here
News-ID: 4125775 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Satellite
Military Satellite Market Size, Military Satellite Market Forecast, Military Sat …
According to The Insight Partners, "Military Satellite Market" report 2028, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Military Satellite Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Military Satellite Market is based on company profiles and their efforts on increasing product value…
Satellite Transponders Market to Witness Huge Growth by 2026| APT Satellite Comp …
Latest released the research study on Global Satellite Transponders Market, offers a detailed overview of the factors influencing the global business scope. Satellite Transponders Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Satellite Transponders.
The study covers emerging player's data, including: competitive…
Satellite Transponders Leasing Market Is Booming Worldwide | SingTel Optus, MEAS …
HTF MI recently introduced Global Satellite Transponders Leasing Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Intelsat, SES, Eutelsat, SingTel Optus, MEASAT satellite systems, Asia Broadcast…
Satellite Transponders Leasing Market 2019: Comprehensive Study by Key Players I …
The growing demand for C band and Ku band transponder by the commercial sector across the globe to spur the satellite transponders leasing market in the coming years. Along with the digitization of the broadcasting industry and emergence of enhanced TV media, such as HD and UHD TV the number of subscribers for advanced media broadcasting have increased. Also, the rising demand for OTT and demand based supply of channels…
Satellite Market by Type (Large Satellite, Mini Satellite, Micro Satellite, and …
The global satellite market is driven by increase in demand for direct to home (DTH) television, high definition TV conversion, and intercontinental transmission in developed economies. In addition, continuous growth of video diffusion and internet access, increase in demand for digital TV and growth in communication and broadcasting market fuels the market growth. However, technology risk, spectrum access risk, and increase in competition from fiber optical cable limit the market…
Satellite Market by Type (Large Satellite, Mini Satellite, Micro Satellite, and …
The global satellite market is segmented on the basis of type, end user, and application. Type segment covered in this study include large satellite, mini satellite, micro satellite, and nano satellite. Based on end user, the market is categorized into commercial, civil, government, and others. On the basis of application, the market is divided into scientific research, technology demonstration and verification, earth observation and remote sensing, scientific research, communication, and…
