Mobile Satellite Phone Market Scope
A mobile satellite phone, satellite telephone, satellite phone, or satphone is a type of mobile phone that connects to other phones or the telephone network by radio through orbiting satellites instead of terrestrial cell sites, as cellphones do. The advantage of a satphone is that its use is not limited to areas covered by cell towers; it can be used in most or all geographic locations on the Earth's surface.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Iridium (United States), Globalstar (United States), Inmarsat (United Kingdom), Inmarsat Global Limited (United Kingdom), Thuraya (United Arab Emirates), BlueCosmo (United States) and TerreStar (United States) |
CAGR | 3.9% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Mobile Satellite Phone market throughout the predicted period.
Iridium (United States), Globalstar (United States), Inmarsat (United Kingdom), Inmarsat Global Limited (United Kingdom), Thuraya (United Arab Emirates), BlueCosmo (United States) and TerreStar (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Mobile Satellite Phone market by Type , by Application (Defense, Maritime, Aviation, Energy and Others) and Region with country level break-up.
On the basis of geography, the market of Mobile Satellite Phone has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2021, Viasat Inc. and Inmarsat, two leading providers of global mobile satellite communications services, announced a definitive agreement under which Viasat will acquire Inmarsat.
In January 2024, Elon Musk's Starlink launched six satellites that will connect to mobile phones, enabling mobile phone connectivity anywhere on Earth. The technology works with existing LTE phones and requires no hardware changes.
Influencing Trend:
Emerging Advancements in Digital Technology
Market Growth Drivers:
Rising Integration Demands of Satellite and Terrestrial Mobile Technology
Challenges:
Ensuring Availability and Accessibility
Restraints:
Congestion of Frequency Bands and Orbits
Opportunities:
Improved Frequency Spectrum
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries