Mobile Satellite Service (MSS) Market Size Hit USD 8.20 Billion at a CAGR of 6.9% in 2027 | Ericsson Inc., Intelsat S.A.
The growing demand for consistent and uninterrupted services by the maritime and aeronautics sector will drive the market for Mobile Satellite Services.
Market Size –
USD 4.53 Billion in 2019, Market Growth - CAGR of 6.9%, Market Trends –
Utilization in disaster management areas.
The global Mobile
Satellite Service (MSS) market is forecast to reach USD 8.20 Billion
by 2027, according to a new report by Reports and Data. Mobile satellite
services (MSS) offers two-way data and voice communications to users across the
globe who are always traveling or are in remote locations. MSS is frequently
used for its global reception.
The terminal range in size from handheld to laptop-size.
These terminals can be mounted in a vehicle where communications can be
maintained even when the vehicle is moving. MSS operates at an L-band, low
enough in the frequency spectrum to avoid the rain fade related to higher
bandwidth like Ka- and Ku-band fixed satellite systems.
MSS is a mobile telephone service that depends on portable
terrestrial satellite than fixed terrestrial satellite and is known as cell
phone towers. They can be mounted on moving vehicles such as ships, cars,
airplanes, and individuals also carry them. Businesses adopt voice satellite
services to ensure consistent, uninterrupted communications for their workers
in mining, fishery, construction, transport, communications, and tourism
industries.
North America dominated the market for mobile satellite
services owing to high demand from the government, aviation, and maritime. The
region has advanced technologies that need uninterrupted and consistent mobile
networks. The region occupied 31.9% of the market revenue in the year 2019.
In June 2019, The U.S. air force awarded USD 130 Million to
SpaceX for the launch of Air Force Space Command Satellite – 52 satellites in
the financial year 2020.
Key participants
include Ericsson Inc., Intelsat S.A., Globalstar Inc., EchoStar Mobile Limited,
Thuraya Telecommunications Company, ORBCOMM Europe Holding BV, Hughes Network
Systems, Telstra Corporation, SpaceQuest, and TerreStar, among others.
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a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2181
Market Overview:
The research report
assesses the market dynamics, market landscape, company profiles, production
and manufacturing capacity, year-on-year growth rate, SWOT analysis, and
Porter’s Five Forces analysis. The report estimates the market size, market
growth, and provides an accurate forecast for the key segments of the market
for the forecast period of 2020-2028. The report also covers an in-depth
analysis of the key competitors of the market, along with their growth
strategies and business expansion plans.
The Mobile
Satellite Service (MSS) Markethas
been segmented into key regions of the world and offers an analysis of growth
rate, market share, market size, current and emerging trends, production and
consumption ratio, industrial chain analysis, demand and supply, import and
export, revenue contribution, and presence of key players in each region. A
country-wise analysis of the market is offered in the report to gain a better
understanding of the regional spread and progress of the Automotive
Hydrogen Sensors Market.
Further key findings from the report suggest
- Voice
mobile satellite is an effective solution for government agencies to
manage coast guards and forest rangers, making it possible for them to aid
people on the islands and borders. It is very needed during natural
disasters.
- Companies
are supporting polar adventures by providing tourists with voice satellite
services. Polar adventurer Antony Jinman used Iridium GO! for his
Antarctica trip.
- The
increase in the number of flight services has increased the demand for
mobile satellite services. The commercial airlines will use it to provide
their clients with full internet access that includes e-mail with
attachments, shopping, corporate intranet connectivity and more. It will
also allow airline to improve their operational efficiency by providing
real-time monitoring ability of equipment and inventories.
- BFSI
sector will record a significant CAGR of 7.1% during the forecast period.
With the banking sector moving towards digitalization, they need to be
able to connect with their physical points of presence like branches,
kiosks, and ATMs. Banks need to find proper communications to connect to
these points to expand their services.
- Hughes
Network Systems, LLC, on May 2019, announced Eutelsat Communications had
selected the Hughes JUPITER™ System to enable services on its KONNECT
new-generation High-Throughput Satellite (HTS) for Western Europe and
Africa
To understand how our Mobile Satellite Service (MSS)
Market can bring difference to your business strategy:- https://www.reportsanddata.com/report-detail/mobile-satellite-service-mss-market
For the purpose of this report, Reports and Data have
segmented into the global Mobile Satellite Service (MSS) market on the basis of
service type, access type, end-users, and region:
Service Type Outlook (Revenue: USD Billion; 2017-2027)
- Video
Service
- Data
Service
- Voice
Service
Access Type Outlook (Revenue: USD Billion; 2017-2027)
- Land
MSS
- Aeronautical
MSS
- Maritime
MSS
- Personal
MSS
- Broadcast
MSS
End Users Outlook (Revenue: USD Billion; 2017-2027)
- BFSI
- Aerospace
and Defense
- Healthcare
- Public
Sector
- IT
and Telecom
- Retail
Regional Outlook (Revenue: USD Billion; 2017-2027)
- North
America
- U.S.
- Europe
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- MEA
- Latin
America
- Brazil
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customization of the report @ https://www.reportsanddata.com/request-customization-form/2181
Key Advantages of Mobile
Satellite Service (MSS) Market Report:
- Identification
and analysis of the market size and competition
- Qualitative
and quantitative analysis of the market data
- Data
validated by industry experts after extensive primary and secondary
research
- Extensive
regional analysis of the Mobile
Satellite Service (MSS) industry
- Profiling
of key players along with their business overview, business strategies,
deals and partnerships, and product portfolio
- SWOT and
Porter’s Five Forces Analysis for in-depth understanding of the
competitive landscape
- Feasibility
analysis and investment analysis to enable strategic investment decisions
- Analysis
of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the Mobile Satellite Service
(MSS) Market are quantitatively as well qualitatively assessed to study the
global as well as regional market comparatively. This market study presents
critical information and factual data about the market providing an overall
statistical study of this market on the basis of market drivers, limitations
and its future prospects.
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Reports and Data
is a market research and consulting company that provides syndicated research
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offerings to ensure our clients are aware about the latest trends existent in
the market.
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