Industry Background:
Rapid growing demand for strong communication channels to support technological advancements and military and defense segment emerges dominant among end users will help boost global mobile satellite service market. Mobile satellite service (MSS) is a telecommunication service beyond the terrestrial range that aids mobile consumers by using the satellites. It is a proper communication channel for remote regions that absence wired networks. This systems are classified based on their orbital altitudes including and geostationary orbit (GEO), medium earth orbit (MEO) and low earth orbit (LEO). Upsurge in the use of satellite service for diverse applications, low cost for the transportation, rising awareness among the users about the benefits of the satellite services and the use of advanced technology. These are the key drivers of global mobile satellite service market.
According to AMA, the market for Mobile Satellite Services (MSS) is expected to register a CAGR of 7.4% during the forecast period to 2026. This growth is primarily driven by The Fuel in Demand for Mobility and Rise in Integration between Mobile and Satellite Technology.
Globally, a noticeable market trend is evident Growth in Trend of Internet of Things (Iot)
. The Wireless Telecommunication Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Ericsson Inc. (Sweden), Globalstar, Inc. (United States), Echostar Corporation (United States), Inmarsat Holdings Limited. (Inmarsat) (United Kingdom), Iridium Communications, Inc. (United States), Orbcomm Inc. (United States), Intelsat General Corporation. (United States) and Singtel Ltd. (Singapore) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 6th May 2019, Hughes Network Systems, LLC (HUGHES), the global leader in broadband satellite networks and services has announced that Eutelsat Communications has selected the Hughes JUPITER™ System to enable services on its KONNECT new-generation High-Throughput Satellite (HTS) for Western Europe and Africa.
On 1st May 2019, EchoStar Mobile, a mobile operator providing connectivity across Europe through a hybrid satellite and terrestrial network and a subsidiary of EchoStar Corporation and RigNet, Inc. The leading provider of ultra-secure, intelligent networking solutions are collaborated to promote and distribute EchoStar Mobile IP-based Mobile Satellite Services (MSS) for voice and data to RigNet's European customer base.
Market Drivers
- The Fuel in Demand for Mobility
- Rise in Integration between Mobile and Satellite Technology
Market Trend
- Growth in Trend of Internet of Things (Iot)
- Advancement in Digital Technology Majorly Drive the MSS Market
Restraints
- Low Available Bandwidth and Poor Quality of Voice
- Data in Inadequate Signal Conditions
Opportunities
Allocation of Additional Bandwidth for MSS and Upsurge in Competition in the Internet Service Market
Challenges
Lack of Assurance for the Reliability of MSS over Diverse Areas and Increase in Government Regulations on the Use of Satellite Technology
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Mobile Satellite Services (MSS) Study Sheds Light on
The Mobile Satellite Services (MSS) Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Mobile Satellite Services (MSS) industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Mobile Satellite Services (MSS) industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.