The global mobile satellite services market reached a value of US$ 4.48 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.46 Billion by 2027, exhibiting a CAGR of 6.05% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Mobile satellite services (MSS) are radio communication services providing voice, data, and Internet services to mobile and fixed terminals, ships, aircraft, buildings, and land vehicles. These telecom services have a wide-area earth coverage and their operations are typically independent of local telecommunications infrastructure. They are considered beneficial during a disaster as MSS can provide disaster relief telecommunications. At present, they are increasingly being employed in the aerospace, maritime, automotive, and healthcare industries across the globe.
Mobile Satellite Services Market Trends:
High-speed internet penetration and improving wireless access have resulted in the introduction of new capabilities, such as enhanced data and multimedia access. This represents one of the key factors driving the market. Moreover, there is a considerable increase in the use of MSS by military and defense personnel who travel abroad or operate on land, sea or air frequently in areas far from terrestrial or cellular coverage. Besides this, forestry, mining, and oil and gas companies utilize MSS for voice communication, remote connectivity, and tracking and automated monitoring of equipment and hardware. In addition, these services are used by individuals that walk, ride and sail into areas far from terrestrial coverage. MSS provides voice and data services that help them track, locate, and communicate with authorities in case of an emergency. This, coupled with the escalating demand for low-earth orbit (LEO) satellites, is strengthening the growth of the market. Furthermore, increasing 5G mobile networks with next-generation satellite capabilities is catalyzing the demand for mobile satellite services worldwide. Other factors, including rising technological advancements and the increasing digitalization around the world, are anticipated to influence the market positively in the forecasted period.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global mobile satellite services market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on service type, application type and industry vertical.
Breakup by Service Type:
Breakup by Application Type:
Breakup by Industry Vertical:
Aerospace and Defense
IT and Telecom
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being EchoStar Corporation, Globalstar Inc., Inmarsat, Intelsat S.A., Iridium Communications Inc., Orbcomm, Singtel, Telefonaktiebolaget LM Ericsson, Telstra Corporation Limited, Thuraya Telecommunications Company and Viasat Inc.
Key questions answered in this report:
How has the global mobile satellite services market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global mobile satellite services market?
What are the key regional markets?
What is the breakup of the market based on the service type?
What is the breakup of the market based on the application type?
What is the breakup of the market based on the industry vertical?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global mobile satellite services market and who are the key players?
What is the degree of competition in the industry?