Global Mobile Satellite Services Market Research Report: By Type (Land MSS, Aeronautical MSS, Broadband MSS, Maritime MSS and Personal MSS), Sales Channel (Offline and Online), By Application (Military & Defense, Aviation, Oil & Gas, Media & Entertainment, Transportation & Automotive, Government, Mining and Others) - Forecast till 2030

Market Overview

 According to Market Research Future (MRFR), the global mobile satellite services (MSS) market will reach a staggering $8.52 billion by 2030. It is expected to display a CAGR of 7.45% during the forecast period (2022-2030). Mobile satellite services are used in two-way voice and data communications to workers in distant and remote locations. Improvements in satellite communications, launch of new satellites, and focus on new communication networking technologies are latest trends to affect the market in a positive manner.

COVID-19 Analysis

The COVID-19 pandemic has impeded the launch of mobile satellite services coupled with slowing down the supply chain. Government contracts in Asia Pacific (APAC), North America, and Europe are expected to be completed providing a ready stimulus to the global mobile satellite services market. But the smaller suppliers can get affected negatively owing to the slow trickle down of payments.

In the long run, MSS companies and firms are taking initiatives to ensure the timely delivery of services while prioritizing the health of their employees and clients. For instance, Blue Origin has decided to allocate its 3D printers for the mass manufacture of visors to be used by healthcare workers. The development of vaccines for curbing the spread of the COVID-19 virus has led to space agencies to collaborate by observing the changes to the environment during this period.

Market Dynamics

Drivers

Interoperability across Devices to Spur Market Demand

Interoperability of devices regardless of the location can drive the demand for mobile satellite services. The ability of MSS for connecting with fixed satellites is expected to work in favor of the market. Changes in standards and architecture designs that allow secure exchange of data can lead to further investments in the market. Dipping prices of processors and storage devices coupled with launch of cube satellites can facilitate the trend.

Opportunities

Natural Disasters to be Lucrative for Market Growth

Natural disasters have uprooted numerous lives over the decades, with communication and response management being key to lowering casualties. Mobile and satellite services are expected to gain accelerated demand owing to satellites being integrated in emergency response systems and utilization by governments for gathering seismic data for preventing disasters can bode well for the global mobile satellite services market.  

Restraints

Dynamic Policies and Regulations to Hamper Market Growth

Irregular changes in policies and lack of vehicles for small satellites can hamper market growth. New tax laws and aversion to privatization of the space sector can deter investments in the mobile satellite services market. Large time taken for approvals and lack of policies for small and medium enterprises to expand their footprint can negatively impact market growth. The dearth of clarity on liabilities can lead to hesitation among investors and impede the market.

Cumulative Growth Analysis

The global mobile satellite services market is bound to attain growth at a rapid pace owing to the urgency among countries for strengthening their communication services. Enhanced customer experience as well as capability of delivering messages to the public simultaneously is possible due to mobile satellite services. Partnerships and acquisitions are prime strategies witnessed in the market for players to gain advantage in the market.

Segment Overview

By Type

Land MSS is Projected to Lead in the Global Market

The land MSS is projected to gain the lead in the mobile satellite services market owing to the need for such services to be used by consumers residing in cities and remote locations. Efforts by connection providers for providing systems for connecting satellites can push the segment in exhibiting a CAGR of 6.8% over the forecast period. Technological advances in AI and big data coupled with demand for CubeSats can bode well for the segment.

By Application

Military & Defense to Generate Maximum Demand for the Market

The military & defense application was valued at USD 908.3 million in 2018. It is expected to register 6.9% over the forecast period owing to governments investing in advanced communication equipment. Geopolitical tensions and initiatives for strengthening defenses can lead to high demand for the global MSS market from this sector.

By Sales Channel

Offline Channel to be a Successful Source of Revenue till 2026

The offline sales channel is expected to garner huge revenues for the global mobile satellite services market at 7% CAGR over the forecast period. It held a 97% market share in 2018.

Regional Analysis

North America to Generate the Most Revenue till 2026

North America is expected to accumulate revenues at 5.9% CAGR over the forecast period. It held over 40.16% market share in 2018 with a valuation of USD 1,486.8 million. The demand for MSS in the region can be attributed from end-user industries and the establishment of advanced network infrastructure can spur the regional market growth. The effort taken by governments for awarding contracts to companies for bolstering the connectivity range can bode well for the global mobile satellite services market.

APAC to Display the Highest Growth Rate in MSS Market

APAC is predicted to display a stellar CAGR of 7.1% over the forecast period. Investments in satellite launching companies and intention of telecommunication networks for launching latest generation communication networking technology are major drivers of the regional mobile satellite services market. Strategies for launching low-orbit satellites and the plans for launching driverless cars can bode well for the market.

Competitive Landscape

The global mobile satellite services market is highly competitive with large players vying for the leading market shares. Collaborations and acquisitions seem to make the major part of the strategy of these players. The focus on expanding their customer base and increasing their reach globally will be the primary strategy of these players.

List of Key Companies Covered in this Report:

• Iridium Communications Inc. (U.S.)


• Thuraya Telecommunications Company (UAE)


• Telefonaktiebolaget LM Ericsson (Sweden)


• Tesacom (Argentina)


• EchoStar Corporation (U.S.)


• Inmarsat Global Limited (U.K.)


• Intelsat (U.S.)


• GLOBALSTAR (U.S.)


• ViaSat Inc. (U.S.)


• Telstra (Australia)


• ORBCOMM (U.S.)

Recent Developments

• Terrestar Solutions Inc. has launched a new mobile satellite service, Strigo, for its customers in Canada. It aims to provide connectivity and range for customers across civilian and enterprise demographics. The company has turned its efforts towards digital marketing for creating awareness among the public.


• Kymeta Corporation has launched a hybrid mobile satellite service for commercial customers. The company is aiming to connect government and military agencies with exceptional communication abilities regardless of the terrain. The u8 system has been designed with the assistance of metamaterials and locks onto the range of satellites for providing data and voice services.

Report Overview

Global Mobile Satellite Services Market report by MRFR focuses on trends and developments to present a straight forward narrative on the events surrounding the industry. The analysis conducted by research analysts can estimate the size and share of segments within the market for the forecast period. It is segmented in the following manner:

By Type

• Broadband MSS


• Maritime MSS


• Land MSS


• Aeronautical MSS


• Personal MSS

By Application

• Automotive


• Transportation


• Aviation


• Government (Disaster Management)


• Mining


• Military & Defense


• Media & Entertainment


• Oil & Gas


• Others

By Sales Channel

• Online Channels


• Offline Channels