The global Mobile Satellite Services (MSS) market is witnessing rapid traction. Significant investments made in surveillance and monitoring technologies are major driving forces behind the market growth.
Moreover, factors such as the increasing demand and acceptance of mobile satellite services to drive future business plans create significant market opportunities.
With the improving functionality of space mobile services and increasing deployments of satellites, the market is projected to witness significant traction in the next six years.
Dominant key players on mobile satellite services market covered are:
- Iridium Communications Inc. (US)
- Thuraya Telecommunications Company (UAE)
- Telefonaktiebolaget LM Ericsson (Sweden)
- Tesacom (Argentina)
- EchoStar Corporation (US)
- Inmarsat Global Limited (UK)
- Intelsat (US)
- GLOBALSTAR (US)
- ViaSat Inc. (US)
- Telstra (Australia)
- ORBCOMM (US)
-Mobile Satellite Service market drivers-
Prospective performance and commercial opportunities that MSS offer boost market size
Mobile satellite services, also popularly known as MSS, are used for two-way communications in voice and data transfer. Rising numbers of businesses and new industry players across the globe push the market shares. Also, the rising demand for all low earth orbit (LEO) and geostationary-satellite orbit (GSO) MSS systems accelerate the market growth.
Growing requirements for MSS across various industry verticals provides excellent opportunities for market growth. MSS systems provide portable handheld or transportable telecommunications between MSS terminals and the global infrastructure. Resultantly, the adoption of mobile satellite services is growing continually to offer extensive coverage areas compared to terrestrial systems.
Additionally, the rising demand for improved voice and data radio communications and Internet access fosters market value. The increased focus on data applications & services and the increasing need for mobility create substantial market demand. Growing government investments to improve mobile services support the Mobile Satellite Services market growth.
Significant investments made in surveillance & monitoring technologies and changing regulations increase the adoption of mobile satellite services. Increasing numbers of mobile phone manufacturers and mobile phone users influence the mobile satellite services market share.
Moreover, rapid economic growth worldwide propels the mobile satellite services market shares. Besides, the rapidly increasing industrialization and growing numbers of businesses across the globe provide impetus to market growth. Furthermore, changing government policies and regulations impact the adoption of digital services and satellite services.
Lack of standardization and funding constraints are major headwinds
Despite demonstrating significant prospects, the market still witnesses major setbacks, such as the lack of standardization and the high initial investments required for installing MSS devices. Also, technical issues such as unwanted coordination among different databases, reusability, customization, and isolation of various satellites from one another are the key factors projected to impede MSS market growth.
-Segmentation of market covered in the research-
The market is segmented into types, applications, sales channels, and regions. The type segment is sub-segmented into land MSS, aeronautical MSS, broadband MSS, maritime MSS, and personal MSS. Of these, the land MSS segment accounts for the largest market share, witnessing vast uses by consumers residing in cities as well, heading with the significant demand for adaptable wireless technologies.
The application segment is sub-segmented into military & defense, aviation, oil & gas, media & entertainment, transportation & automotive, government, mining and others. The sales channel segment is sub-segmented into offline and online. The region segment is sub-segmented into Europe, the Americas, Asia Pacific, and rest-of-the-world. Global Newswire