Press release
Global Mobile Satellite Services (MSS) Market Exhibits Healthy CAGR of 7.4% during Forecast 2017 to 2025
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Mobile satellite service (MSS) is a telecommunication service beyond the terrestrial range that serves mobile users by using the satellites. MSS is an appropriate communication channel for remote areas that lack wired networks. Moreover, it has been stated in the study that for a successful implementation of a newly evolved technology, support from a strong communication channel is highly requires, which can be fulfilled by mobile satellite services. As per the report key findings, rising at a strong 7.4% CAGR between 2017 and 2025, the global market is likely to reach US$6955.3 mn by the end of 2025.
Market Insights and Segmental Analysis
Firstly, the report begins with an overview of the global mobile satellite services market, with assessments on key market segments offered in the report in terms of revenues. The report also includes an executive summary that highlights the key market segments where player may find extensive opportunities. In this study, the global mobile satellite services market has been categorized on the basis of access type, service type and end-use verticals.
In terms of geography, the global mobile satellite services market is segmented into North America, Japan, South America, Asia-Pacific excluding Japan, Europe and Middle East & Africa. Of these, North America accounted for the dominant share of 34.7% in the global mobile satellite services market in 2016. However, in the coming years, South America is likely to show the fastest CAGR. Besides this, promising growth is predicted in Asia Pacific region.
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On the basis of access type, the report covers Aeronautical MSS, Personal MSS, Broadcast MSS, Land MSS and Maritime MSS. On the basis of end-user, the research covers oil & gas, media & entertainment, mining, military & defense, aviation, government, transportations, automotive and others. As per the report, the military & defense segment is anticipated to contribute major share in the global mobile satellite services (MSS) market. It has been also noted that, due to the rise in oil & gas and mining activities in remote areas, demand for MSS is increasing.
Some of the key players profiled in the global mobile satellite services (MSS) market report include Echostar Corporation, Iridium Communications, Inc., Ericsson AB, Singtel Satellite, GlobalStar Corporation, Inmarsat Inc, Intelsat, S.A., ORBCOMM, Inc., Telstra Corporation Ltd., Tesacom, Thuraya Telecommunications Company and ViaSat Inc among others.
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