Tuesday 31 March 2015, Amsterdam
The new report recognizes the following companies as the key players in the Global Mobile Satellite Services Market: Globalstar Inc., Inmarsat Plc, Iridium Communications Inc., Orbcomm Inc. and Thuraya Satellite Telecommunication Company Inc.
Other Prominent Vendors in the market are: ICO Global Communication, LightSquared, SkyTerra Communications, Solaris Mobile and Terrestar Network/Dish Network.
Commenting on the report, an analyst from the report's team said: “One key trend emerging in this market is the increased demand for mobile satellite services in emergency situations, which are very reliable source of communication during emergencies for natural disaster management.”
According to the report, one of the main drivers in this market is the increased demand for broadband mobile satellite services. Global mobile satellite service providers are witnessing significant revenue growth from their data services. Operators are now focusing on offering broadband services to meet the high demand for data and IP-based services.
Further, the report states that one of the major challenges in this market is the requirement for high initial investment for the development, launch, and insurance of satellites, which acts as a barrier for the entry of new players into the market. In addition, the return on investment is prolonged.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.