Global Mobile Satellite Services Market
The report titled ‘Global Mobile Satellite Services Market’ is a comprehensive report that offers detailed research and analysis of key aspects of the global Mobile Satellite Services market. The data is gathered through extensive primary and secondary research and further validated by industry experts and professionals. The report provides full coverage of the key driving factors, restraints, challenges, trends, and growth prospects to offer a complete overview of the global Mobile Satellite Services market. New entrants and top players can benefit from the data offered by the report to plan effective business and investment strategies. Additionally, the report provides a comprehensive analysis of current and emerging trends.
The global Mobile Satellite Services (MSS) market size reached USD 6.31 Billion in 2021 and is expected to register a revenue CAGR of 9.5% during the forecast period, according to latest analysis by Emergen Research. Increasing advancements in digital technologies and increasing need for better connectivity and communications among individuals or support and/or service and other groups and researchers, travelers, hikers, wildlife department, and others staying or operating in remote locations are key factors projected to support market revenue growth between 2022 and 2030. In addition, increasing need for more accurate and timely weather forecasting and telecommunications will drive revenue growth of the market. Increasing urbanization has resulted in a rapid increase in global warming, resulting in rapid weather change, erratic weather conditions, volcanoes, wildfires, melting glacier ice, and floods, which is resulting in urgent need for better solutions to alleviate the problem, enable better and more accurate monitoring, and for providing alerts and communicating with concerned authorities/bodies in real time. MSS is an emerging solution to the problem as it will help in predicting weather and help in protecting life and property. Forecasting based on satellite services are also helpful in agriculture and various industries. Additionally, increasing need to reduce time and costs spent on after damage of properties is expected to boost demand for MSS. Furthermore, increasing need for faster, more convenient, and flexible mode of communication in remote locations is expected to drive market revenue growth during the forecast period.
The report is updated with the latest impact of the novel coronavirus pandemic on the market. The pandemic has drastically altered the market dynamics and trends and demands. It has also disrupted the supply chain and generated financial difficulties. The report covers the comprehensive effect of the pandemic on the industry and offers an initial and future impact assessment of the impact of the COVID-19 pandemic on the Mobile Satellite Services business sphere.
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Top players profiled in the report include Telefonaktiebolaget LM Ericsson (Ericsson, Inc.), Telstra Corporation, Ltd., ViaSat, Inc., EchoStar Corporation, Iridium Communications, Inc., Intelsat S.A., Globalstar, Inc., Thuraya Telecommunications Company, TerreStar Corporation, and SpaceQuest, Ltd
The global Mobile Satellite Services market report offers definitions, classifications, and comprehensive coverage of the entire industry. Furthermore, the report is segmented into key aspects to offer a better understanding of the global Mobile Satellite Services market. The report examines crucial elements of the Mobile Satellite Services industry by giving a detailed description of the threats, drivers, opportunities, and restraints.
Segmentation by Type:
Access Type Outlook (Revenue, USD Billion; 2019–2030)
- Land
- Maritime
- Aeronautical
Service Type Outlook (Revenue, USD Billion; 2019–2030)
- Video Service
- Voice Service
- Data Service
- Tracking Monitoring Service
End-use Outlook (Revenue, USD Billion; 2019–2030)
- Banking, Financial Services and Insurance (BFSI)
- Aerospace Defence
- Healthcare
- Public Sector
- IT Telecom
- Retail
- Others
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The report further analyses the key factors that influence the growth of the top players of the market and their market share and global position. The report also covers market share, production value, gross margin analysis, import and export ratio, consumption and production patterns, SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis. Furthermore, detailed regional segmentation is offered to understand the operations of the key market players, market segments, and overall market scenario.
Regional Segmentation:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Offerings of the Report:
- Detailed overview of market dynamics including drivers, restraints, opportunities, challenges, and growth prospects
- Analysis of the key strategic initiatives and competitive landscape including mergers acquisitions, joint ventures, collaborations, product launches, and brand promotions, and partnerships, among others
- Comprehensive analysis of the industry outlook and analysis of the industrial chain
- Market forecast based on global, regional, and country-level market analysis
- Competitive landscape benchmarking
- In-depth analysis of the key market players with their product portfolios, financial positions, unique selling points, market share and size, and a comprehensive overview of their business
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