Global Mobile Satellite Services Market Size By Service, By Access Type, By Vertical, By Geographic Scope And Forecast
Published on: 2024-08-02 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Mobile Satellite Services Market Size By Service, By Access Type, By Vertical, By Geographic Scope And Forecast
Mobile Satellite Services Market Size And Forecast
Mobile Satellite Services Market size was valued at USD 7.9 Billion in 2024 and is projected to reach USD 16.18 Billion by 2031, growing at a CAGR of 10.35% from 2024 to 2031.
Global Mobile Satellite Services Market Drivers
The market for mobile satellite services (MSS) is growing due to a number of factors
- Global Connectivity Demand MSS providers provide dependable communication services when terrestrial networks are restricted or nonexistent. This is due to the growing demand for seamless connectivity across remote and underserved locations, particularly in maritime, aviation, and rural sectors.
- Emergency and Disaster Response In situations where terrestrial infrastructure may be destroyed or nonexistent, MSS are essential for facilitating communication between first responders, relief agencies, and impacted communities.
- Expanding IoT and M2M Applications The need for MSS to facilitate data communication and remote monitoring in remote locations is being driven by the growth of Internet of Things (IoT) and Machine-to-Machine (M2M) applications across multiple industries, including transportation, agriculture, and logistics. These applications require ubiquitous connectivity.
- Applications in Defence and Government The adoption of MSS solutions is fueled by the need for secure and reliable communication capabilities in defence and government agencies. These capabilities include intelligence gathering, command and control, and remote sensing.
- Maritime and Aviation Connectivity The need for MSS services specifically designed for these sectors is fueled by the maritime and aviation industries’ need for dependable communication solutions for crew welfare, passenger connectivity, vessel tracking, and operational efficiency.
- Growing Need for Broadband connection MSS systems that provide broadband internet access via satellite are becoming more and more popular as a means of meeting the growing need for high-speed broadband connection, particularly in remote or rural locations where users may access data-intensive applications and services.
- Technological Developments The performance and efficiency of MSS are enhanced, making them more appealing to a larger range of users. These developments include higher throughput satellites (HTS), better antenna designs, and sophisticated modulation algorithms.
- National security concerns and geopolitical instability To maintain information security and business continuity, governments and commercial enterprises must invest in robust and secure communication infrastructure, including MSS.
- Demand for In-Flight Connectivity MSS solutions are being adopted more frequently as a result of the growing demand for in-flight connectivity services on commercial aircraft. These services improve both the passenger experience and the competitiveness of airlines by enabling passengers to access internet services and remain connected while in flight.
- Exploration and Resource Extraction MSS assist operational efficiency and safety in various industries by being crucial for communication and remote monitoring in dangerous or remote locations, like offshore oil and gas platforms, mining sites, and exploration missions.
Global Mobile Satellite Services Market Restraints
The “Mobile Satellite Services (MSS) Market” is constrained by a number of factors, such as
- High Costs Setting up MSS infrastructure and launching satellites require large capital outlays, which raises operating costs. This may make services less affordable for both service providers and customers.
- Regulatory Difficulties MSS providers frequently have to comply with rules and regulations, especially when it comes to licencing and spectrum distribution in various areas. These legal restrictions may make it difficult to enter and grow markets.
- Restricted Bandwidth Compared to terrestrial networks, satellite bandwidth is still restricted despite technological developments. This restriction may impair MSS’s capacity to scale and perform, particularly in places with high population densities or during periods of peak consumption.
- Problems with Latency The distance that messages must travel between Earth and satellites in orbit causes latency to be inherent in satellite communication. User experience may be negatively impacted by this delay in real-time applications like online gaming, video conferencing, and voice conferences.
- Competition from Terrestrial Networks MSS faces competition from terrestrial networks that provide greater bandwidth and lower latency in many areas, such as fibre optic cables and 4G/5G mobile networks. The adoption of MSS services may be constrained by the accessibility and cost of terrestrial alternatives.
- Technological Restrictions Although satellite technology is still developing, problems including signal jamming, weather-related cancellations, and spotty coverage in specific regions still exist. The performance and dependability of the services may be impacted by certain technology limitations.
- Security Issues Data security and privacy are issues that are brought up by the susceptibility of satellite communication to cyberattacks and interception. Investing heavily in cybersecurity, authentication, and encryption techniques is necessary to address these security threats.
Global Mobile Satellite Services MarketSegmentation Analysis
The Global Mobile Satellite Services Market is segmented based on Service, Access Type, Vertical, And Geography.
Mobile Satellite Services Market, By Service
• Video services• Voice services• Data services• Tracking and monitoring services
Based on Service, the market is bifurcated into Video services, Voice services, Data Services, and Tracking and monitoring services. The voice services segment is expected to witness a high market growth due to the rise in the number of devices that are used in commercial applications to provide voice calls that are used for calling and messaging in remote locations including desert, sea, and air.
Mobile Satellite Services Market, By Access Type
• Land mobile• Maritime• Aeronautical
Based on Access Type, the market is bifurcated into Land mobile, Maritime, and Aeronautical. Land Mobile is predicted to hold the most significant CAGR in the forecast period due to the growth of industries including oil and gas, mining, construction, tourism, and transportation industry which employ MSS in order to ensure the smooth running of daily operations in areas where cellular mobile connectivity is not available.
Mobile Satellite Services Market, By Vertical
• Oil and gas• Media and entertainment• Mining• Military and defense• Aviation• Transportation• Others
Based on Vertical, the market is bifurcated into Oil and Gas, Media and entertainment, Mining, Military and defense, Aviation, Transportation, Others. Transportation held the largest market share. The factors can be credited for the transportation are the requirement of the personnel to continuously move and relocate from one place to another without the accessibility of a cellular network. The sector requires transmission of real-time data to track its services and enhance the quality of service delivery which has increased the adoption of MSS in the transportation industry.
Mobile Satellite Services Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
On the basis of Geography, the Global Mobile Satellite Services Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by North America. North America has gained wide support from the government to employ high throughput connectivity in the satellite fleet in different orbits and different programs like Future Satellite Communications Service Acquisition (FCSA) etc. are building which drives the growth of the market.
Key Players
- ViaSat UK Limited
- Thuraya Telecommunications Company
- Intelsat S.A
- Iridium Communications, Inc.
- EchoStar Mobile Limited
- Inmarsat PLC
- Ericsson Inc.
- Globalstar Inc.
- Singtel
- Viasat
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | ViaSat UK Limited, Thuraya Telecommunications Company, Intelsat S.A, Iridium Communications Inc., EchoStar Mobile Limited, Inmarsat PLC, Ericsson Inc., Globalstar Inc., Singtel, and Viasat. |
SEGMENTS COVERED | By Service, By Access Type, By Vertical, And By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
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