The mobile satellite services market is witnessing substantial gains. Rising demand for two-way voice and data communications and all low earth orbit (LEO) and geostationary-satellite orbit (GSO) MSS systems drive the growth of the market. Mobile satellite services (MSS) systems provide portable/handheld/transportable telecommunication devices between MSS terminals and the global infrastructure.
With the continually growing adoption of MSS services to offer extensive coverage areas compared to terrestrial systems, the market is expected to perceive a significant revenue rise in the next few years. Market Research Future (MRFR) states that the global mobile satellite services market is estimated to garner USD 8.52 BN revenues by 2030, growing at a 7.45% CAGR during the review period (2020-2030).
Additionally, the augmenting demand for improved voice and data radio communications and Internet access substantiate the market value. Increasing focus on data applications & services, alongside the increasing need for improved mobility, creates substantial market demand. The growing requirement for MSS across various industry verticals provides excellent opportunities for market growth.
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Global Mobile Satellite Services Market – Segmentations
The market report is segmented into types, sales channels, applications, and regions. The type segment is sub-segmented into Broadband MSS, Land MSS, Personal MSS, Aeronautical MSS, Maritime MSS, and others. The sales channel segment is sub-segmented into online and offline.
The application segment is sub-segmented into aviation, oil & gas, military & defense, media & entertainment, transportation & automotive, government, mining, and others. The region segment is sub-segmented into North America, Europe, APAC, and the Rest-of-the-World.
Mobile Satellite Services (MSS) Market – Geographical Analysis
North America accounts for the largest market for mobile satellite services globally. Factors such as the presence of global players & well-established development centers and the growing IT industry in the region drive the market growth.
Moreover, substantial R&D investments by major companies foster the market share, allowing early advent and adoption of advanced technologies. The US and Canada hold leading positions in the regional market due to the proliferation of the internet, mobile phones, tablets, and other smart connected devices.
Global MSS Market – Competitive Landscape
Highly competitive, the MSS market appears to be fragmented due to the presence of numerous well-established players. Innovation, mergers & acquisitions, and brand reinforcement are the key trends for these players. The market will witness intensified competition with an increase in R&D innovations, and M&A. Technology providers offer a range of solutions that are purpose-built for commercial viewing to address the increasing market demand.
Players active in the global MSS market include GLOBALSTAR (US), Inmarsat Global Limited (UK), ORBCOMM (US), Tesacom (Argentina), Thuraya Telecommunications Company (UAE), Intelsat (US), Telefonaktiebolaget LM Ericsson (Sweden), Iridium Communications Inc. (US), EchoStar Corporation (US), Telstra (Australia), and ViaSat, Inc. (US), among others.
Industry/ Innovation/ Related News:
Oct. 14, 2021 —- Comtech Telecommunications Corp. (CMTL) announced that it has been awarded US$4.6 MN of funding from the US Army to provide mobile satellite equipment, including ongoing system refurbishments, sustainment services, and baseband equipment.
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