What is Satellite Phone Market?
Satellite Phone is the phone that receives its signals from the satellite. The Satellite phone market is expected to mark significant growth over the forecasted period owing to increasing disaster situations where the need for communication which is happened only though the satellite communication. The companies are adding more proven technologies systematically and strategically for manufacturing lightweight, smaller and smart satellite phones. For example, Thuraya Telecommunications Company announced that the world’s first satellite smartphone. Moreover, increasing demand from the defense sector in developing countries owing to growth in satellite phones further propelling market growth.
Highlights from Satellite Phone Market Study
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Inmarsat (United Kingdom), Iridium (United States), Thuraya ( United Arab Emirates), Globalstar (United States) and TerreStar (United States) |
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Satellite Phone market throughout the forecasted period.
Inmarsat (United Kingdom), Iridium (United States), Thuraya ( United Arab Emirates), Globalstar (United States) and TerreStar (United States) are some of the key players profiled in the study. Satellite Phone Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Aerospace & Defense, Maritime, Energy, Government and Others |
Type | Geosynchronous Satellite Phones and Low-Earth Orbit Satellite Phones |
On the basis of geography, the market of 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Internet Access in Satellite Phone
Market Growth Drivers:
Upsurging Aerospace and Defence Industry in Emerging Countries and Increasing Natural Disasters such as Earthquakes
Challenges:
Low Data Bandwidth for Internet Acess and Delay in Voice Communications Conversations, Particularly when Using Networks based on Geosynchronous Orbits
Restraints:
High Cost of Phones as well as Call Cost and The Requirement of Prior Permission from Government for Using Satellite Phones
Opportunities:
Due to Uniform Performance High Demand of Satellite Phone from Various Government for Communication in Disaster Situation and Advancements in Technology Offer Newer Phone Models which are Lighter, Smaller and More Display Functionalities
Key Target Audience
Satellite Phone MAnufacturere, Satellite Phone Suppliers/Distributors, Government Bodies and Research and Development Organisation
Market Leaders & Development Strategies
In Sept 2019, Iridium Communications Inc. and OneWeb today announced they have entered into a Memorandum of Understanding (MoU) to work together toward a combined service offering. This combined service offering would be designed to make it easier for their mutual partners to offer unique bundling and co-marketing opportunities for the Iridium Certus® L-band services and OneWeb's Ku-band service. The offering would leverage the strengths of their respective low-Earth-orbit (LEO) networks. This is the first time that LEO operators have collaborated to deliver services in L-band and Ku-band.
In May 2019, Thuraya Telecommunications Company announced that the world’s first satellite smartphone. An unrivaled 5.2-inch HD touchscreen protected by a rugged Gorilla® glass display, front and rear camera, and high-capacity battery bring everyday smartphone functionality to the remote environments of satellite communication. X5-Touch’s omnidirectional satellite antenna ensures uninterrupted communications in more than 160 countries, including a number across Africa, Asia, Australia, and Europe. In addition, full dual-mode and dual-SIM capabilities provide the flexibility to effortlessly switch between satellite and terrestrial networks.