Market Snapshot:
Space mobile service is a connectivity service that provides space-based cellular networks directly to the regular handsets without requiring any special frequency, chipset, service, and app, anything from low Earth orbit (LEO) satellites. The biggest advantage of satellite technology is that it doesn’t require extensive ground infrastructure. Satellite connectivity is highly demanded during disaster and emergency situations as the communication network is impassable to damage from disasters.
Highlights from Space Mobile Services Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Players profiled in the report are AST SpaceMobile (United States) and Lynk Global, Inc. (United States).
Geographic Breakdown and Segment Analysis
The Global Space Mobile Services market presents a comprehensive analysis of the Space Mobile Services market and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Space Mobile Services industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Space Mobile Services market
Analyst at AMA have segmented the market study of Global Space Mobile Services market by Type, Application and Region.
Influencing Trend:
Increased Focus of Telecom Operators on the Providing 5G Signals through Satellites
Market Growth Drivers:
Surging Demand for In-Flight Connectivity Will Boost the Adoption of Space Mobile Services and Increasing Application of Mobile Satellite for Emergency Response and in the Government Sector
Challenges:
High Cost, Slow Speed, and Latency Issue Associated With Space-based Network Connection
Restraints:
Climate Changes like Heavy rain or Wind Can Disrupt the Connection
Opportunities:
Growing Popularity of Space-based Cellular Broadband Network in the Rural Areas for Connectivity
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Space Mobile Service Providers, Telecom Operators & Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others