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Mobile Satellite Services Market

Mobile Satellite Services Market

Mobile Satellite Services (MSS) Market Analysis By Service (Voice, Data), By Application (Land, Aeronautical, Maritime Mobile Satellite Services), By Industry, By Region - Global Forecast 2022-2032

Mobile Satellite Services Market
FACT7307MR
  • May-2022
  • List of Tables : 39
  • List of Figures : 75
  • 170 Pages
  • Technology

Mobile Satellite Services (MSS) Market Outlook

The global mobile satellite services market is predicted to rise at a CAGR of 6.4% during 2022-2032. The mobile satellite services market is estimated to reach US$ 10.4 Billion by 2032 from US$ 5.2 Billion in 2021.

Data Points

Market Insights

Mobile Satellite Services Market Value (2021)

US$ 5.2 Bn

Estimated Market Value (2022)

US$ 5.6 Bn

Projected Market Value (2032)

US$ 10.4 Bn

Global Market Growth Rate (2022-2032)

6.4%

Key Market Players

  • Echostar Corporation
  • Ericsson AB
  • GlobalStar
  • Immarsat Inc
  • Intelsat S.A.
  • ORBCOMM Inc.
  • Singtel Satellite
  • Telstra Corporation Ltd
  • Tesacom, ViaSat Inc.

During the projected period, the use of satellite communication services for IoT and disaster management in developed regions is expected to enhance the mobile satellite services (MSS) market. Telecommunication, weather prediction and navigation, military intelligence, and space exploration are just some of the applications that mobile satellite services can find room for.

Furthermore, enhancing 5G mobile networks with next-generation satellite capabilities allows mobile satellite operators to play an important role in the growing 5G ecosystem, thus improving the demand for mobile satellite services.

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Impact of COVID-19 on the Mobile Satellite Services Systems Industry

The global study on mobile satellite services market indicates that the pandemic of COVID-19 has had a negative influence on the mobile satellite services market. The COVID-19 epidemic wreaked havoc on the mobile satellite services industry, causing production closures and supply chain disruptions.

The mobile satellite services market players have been concentrating their efforts on mitigating the pandemic's effects.

Iridium Communications, Inc., for example, stated in March 2021 that it had topped 152,000 total customers, with a 13 percent subscriber growth in 2020. In addition, Iridium Communications, Inc. reported a 26 percent increase in subscription rates during the pandemic in October 2020. Following the Covid-19, such proactive steps by the market players are projected to boost the mobile satellite services market revenue growth.

Sales Analysis of Mobile Satellite Services Market for 2022 to 2032

The expansion of the mobile satellite services market is primarily driven by an increase in demand for mobility, an increase in integration between mobile and satellite technologies, and advancements in digital technology. However, the mobile satellite services market's growth is constrained by a lack of accessible bandwidth, poor voice and data quality in weak signal situations, and increased government regulations on the use of satellite technology.

Increased competition in the Internet service market, increased provision of more bandwidth for MSS, and growth in the Internet of Things (IoT) trend all present significant growth potential. However, a fundamental constraint for mobile satellite services market expansion is a lack of confidence about the reliability of mobile satellite services market across different geographies.

What are the Emerging Trends in the Mobile Satellite Services Market?

As per the mobile satellite services market study, the rising demand for systems that improve car navigation capabilities from the automotive industry is projected to improve the demand for mobile satellite services significantly. The way people communicate, study, and work has changed as digital technology has advanced.

Rapid technological advances made possible by the Internet have resulted in favourable cultural shifts in developing countries. Demand for mobile satellite services is likely to rise as the desire for social interaction and entertainment grows.

In the upcoming stages of the projected mobile satellite services market outlook, mobile satellite services market usage will skyrocket in rural areas. Furthermore, mobile satellite services reduces many of the risks involved with travelling across isolated places and landscapes by allowing users to communicate with family and authorities, among other things.

Even when cellular networks fail in specific areas, this is viable, boosting user safety, security, convenience, and confidence. Furthermore, the mobile satellite services market size’s growth is predicted to be fuelled by the growing demand for quick and easy-to-access mode of communication at anytime, anywhere.

One of the primary issues in rural places is the increasing breakdown of cellular networks. Mobile satellite services, such as phone, video, and data, are an effective choice for ensuring high levels of connectivity assurance.

These services revolutionise communication and mobility by providing more connectivity at a lower cost. A prominent factor projected to propel mobile satellite services market share during the forecast period is the growing demand for safer, more secure, and more direct access to and use of satellite communication services to fill up gaps in terrestrial networks.

An Adaptive Approach to Modern-day Research Needs

What are Some of the Challenges Stifling Mobile Satellite Services Market Growth?

Mobile satellite services market revenue growth is likely to be hampered by high initial costs and a longer period to develop and deploy satellites and systems. Satellites, Earth stations, and several other components such as sensors and transmitters, among others, are used to provide mobile satellite services.

Developing and deploying a satellite necessitates a large sum of money, a professional team, and a long period of time. Furthermore, satellites that have been launched into space or orbit cannot be repaired, resulting in significant losses. These factors hamper the mobile satellite services market trends.

Low bandwidth, a lack of strong government regulations, high initial costs, and the time-consuming design, construction, deployment/launch, and monitoring of satellites are all projected to stifle global mobile satellite services market growth over the projection period. Traditional cellular networks and services are being replaced by satellite services.

In some locations, increased regulatory structures limit bandwidth, resulting in limited bandwidth and poor voice and data quality due to poor signal circumstances. Furthermore, during the projected period, significant propagation delays and excessive noise or static noise owing to thunderstorms and atmospheric disturbances are expected to stifle the demand for mobile satellite services.

Comparative View of Adjacent Mobile Satellite Services Market

Attributes

Mobile Satellite Services Market

Military Communications Market

Satellite Data Services Market

CAGR

(2022-2032)

6.4%

4%

23%

Market Value

(2026)

US$ 6.9 Bn

US$ 40.6 Bn

US$ 16.7 Bn

Growth Factor

The expansion of the mobile satellite services market share is primarily driven by an increase in demand for mobility, an increase in integration between mobile and satellite technologies, and advancements in digital technology.

As a result of an increase in disputes between countries around the world, there is a rise in security concerns and the procurement of military communication solutions the market is growing.

Agriculture, insurance, financial trade, hedge funds, energy firms, urban planning, retail, resource management, maritime, and media are likely to fuel growth in the satellite imagery industry.

Opportunity

Navigation and tracking are becoming increasingly important since the technologies help to minimise traffic congestion, fuel costs, and the risk of road accidents while also saving time and money. Mobile Satellite Services (MSS) provides real-time route photos, road information, and predictive element data, allowing for near-future projections of route, traffic conditions, weather conditions, and overall journey duration.

Advanced Ka-band satellites are being rapidly adopted for communication applications which is opening up a new market for military communications.

The growing requirement for real-time remote sensing data is expected to expand the industry.

Key Trends

Demand for mobile satellite services is restricted by a lack of accessible bandwidth, poor voice and data quality under weak signal situations, and increased government prohibitions on the use of satellite technology.

The defence industry's top priority is the privacy and security of military communications which is also the key driver of the military satellite market.

The market is expected to rise exponentially due to surge in the demand for satellite imagery data on a global level.

The rapid digitization of the world is fuelling the expansion of mobile satellite services. Mobile satellite services (MSS) are telecommunications services provided to mobile consumers through the use of satellite technology to provide access across transportable interfaces or mobile devices. The availability of mobile communication beyond the terrestrial-based wireless system is a significant feature of mobile satellite services.

Businesses in the fishing, mining, transportation, construction, and tourist industries, among others, use voice satellite services to assure constant, uninterrupted communications for their personnel. Individual clients benefit from voice satellite services as well, particularly those who are constantly on the road or work in places where cellular networks are unavailable. This is providing new opportunity for the mobile satellite services market to flourish.

Voice-based mobile satellite services are also being used by businesses to keep their personnel in touch with their family and close friends. For example, Inmarsat provides a service called ChatCard, which helps to alleviate feelings of isolation at sea by allowing crewmembers to communicate with family and friends from anywhere.

Segment-wise Insights

What is the Segmentation Outlook for the Mobile Satellite Services Market?

Due to the growing demand to improve military mobility and connection on land, sea, and air, the aerospace and defence segment is predicted to lead in terms of revenue contribution to the global mobile satellite services market throughout the forecast period. Demand for mobile satellite services is likely to rise as the government invests more to strengthen the safety and security of defence personnel.

Region-wise Outlook

What is the Regional Demand Analysis in the Mobile Satellite Services Market?

As per the mobile satellite services market study, due to the strong presence of leading market participants such as Iridium Communications, Inc., Globalstar, Inc., TerreStar Corporation, and SpaceQuest, Ltd. across nations across the region, North America is likely to account for a bigger revenue share during the projection period. Furthermore, increased government funding for the development of newer, more advanced navigation and communication satellites and systems to improve and assure uninterrupted communication ability in remote regions is projected to raise demand for mobile satellite services in the region.

During the projected period, the Europe mobile satellite services market share is expected to grow at a much faster rate in terms of revenue. The expanding presence of major mobile satellite service providers in the region, such as Telefonaktiebolaget LM Ericsson (Ericsson, Inc.), EchoStar Mobile Limited, and Intelsat S.A., among others, can be linked to the rapid growth pace.

Furthermore, increased government assistance for the adoption of mobile satellite services is projected to stimulate demand in the region.

Regions

CAGR (2022-2032)

US Market

5.5%

UK Market

6.1%

China Market

5.6%

Japan Market

8.7%

India Market

8.0%

Competitive Landscape

The mobile satellite services market is fragmented, with a significant number of players operating globally. Due to significant capital expenditure, the mobile satellite services industry is characterised by moderate competition.

Performance, reliability, product features, quality, and innovation are all factors in the rivalry. In order to supply consumers with innovative and cost-effective items, businesses are now implementing efficient strategies to retain their position in global mobile satellite services market.

Recent Developments in the Mobile Satellite Services Market :

Galaxy 30, a geosynchronous communications satellite launched by Intelsat S.A. in August 2020, will provide high-performance television distribution to Intelsat's North American clients. The first satellite in Intelsat's Galaxy fleet refurbishment plan is Galaxy 30. Once operational in early 2021, it will replace the existing Galaxy 14 fleet. The launch seeks to modernise and protect low-band media services in preparation for 5G wireless services.

Key Segments

  • By Service :

    • Voice
    • Data
  • By Application :

    • Land Mobile Satellite Service
    • Aeronautical Mobile Satellite Service
    • Maritime Mobile Satellite Service
  • By Industry :

    • Oil and Gas
    • Media and Entertainment
    • Transportation
    • Aviation
    • Defence
    • Automotive
    • Government
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa

- FAQs -

The mobile satellite services market is projected to rise at a CAGR of 6.4% during the projected period.
The global mobile satellite services market was valued at US$ 5.2 Bn in 2021.
The global mobile satellite services market is likely to be worth nearly US$ 10.4 Bn by 2032.
US is a leading region for mobile satellite services market with a valuation of US$ 1.6 Bn.
With a CAGR of 4.8%, the military & defence segment is expected to dominate the mobile satellite services market during the forecast period.

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