The increasing demand for mobility, growing focus on data applications and services, and rising digital technology advancements are driving the demand for the market.

Mobile Satellite Services Market is forecasted to be worth USD 10.19 Billion by 2027, according to a new report by Emergen Research. The key drivers expected to boost the market growth for mobile satellite services are growing demand for mobility, rising connectivity of smartphone and satellite technologies, and increasing developments in digital technology across the world. Moreover, rising consumer awareness of the benefits of satellite services and low transport costs are factors also anticipated to propel the growth of the market during the forecast period.

However, stringent government regulations, low bandwidth, and weak voice and data quality are expected to hinder the market growth during the forecast timeframe.

The study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the Mobile Satellite Services market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.

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Competitive Landscape

Inventive Product Launch Declaration by Crucial Players to Spur Market Growth

The report offers a complete analysis of the global Mobile Satellite Services market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations.

Based on the competitive landscape, the market report analyzes the key companies operating in the industry:

Ericsson, Globalstar, Inc., Iridium Communications Inc., Inmarsat plc, ORBCOMM, Singapore Telecommunications Limited, EchoStar Corporation, Intelsat Corporation, Viasat, Inc., and Telstra Corporation Limited among others.

Key Highlights From The Report

• November 2019-EchoStar Mobile, a division of EchoStar Corporation and a mobile satellite manufacturer providing connectivity throughout the North Sea, Europe, and the Mediterranean Sea via a unified satellite and terrestrial network, announced the introduction of the innovative Hughes 4500 S-band terminal to deliver secure connectivity over mobile satellite.
• The Land Mobile Satellite Service is expected to lead the market during the forecast period due to widespread use in the defense and military industries.
• The data service segment held the largest market share of 35.3% in 2019, owing to Its ability to deliver satellite data to government entities to inform warnings of disasters at an early stage.
• The aerospace & defense industry is expected to see a higher acceptance of mobile satellite services over the forecasted period due to the launch of a wide range of satellite and cellular communication systems.

Detailed Regional Analysis covers:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

To get to know more about the short-term and long-term impact of COVID-19 on this market,

Please visit: https://www.emergenresearch.com/industry-report/mobile-satellite-services-market

Emergen Research has segmented the global Mobile Satellite Service Market on the basis of type, service, end-use, and region:

• Type Outlook (Revenue, USD Billion; 2017-2027)
  • Maritime MSS
  • Aeronautical MSS
  • Land MSS
  • Broadcast MSS
  • Personal MSS
• Service Outlook (Revenue, USD Billion; 2017-2027)
  • Data Service
  • Video Service
  • Tracking and Monitoring Service
  • Voice Service
• End-Use Outlook (Revenue, USD Billion; 2017-2027)
  • Aerospace & Defense
  • Transportation
  • Oil & Gas
  • Media & Entertainment
  • BFSI
  • Automotive
  • Mining
  • Aviation
  • IT and Telecom
  • Government
  • Others

Key point summary of the report:

• The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
• It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
• The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
• It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
• Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
• The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
• The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.

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