Mobile Satellite Services Market ? Enormous Opportunities Exist in Convergence o

Posted by RASHMI on March 7th, 2019

Mobile satellite service (MSS) is a telecommunication service beyond the terrestrial range that serves mobile users by using the satellites. MSS is an appropriate communication channel for remote areas that lack wired networks. MSS systems are categorized based on their orbital altitudes such as low earth orbit (LEO), medium earth orbit (MEO) and geostationary orbit (GEO).

MSS find its application in the key market segments such as the government sector, aviation sector and maritime sector. It allows remote communication of voice, and data between the terminals. Distinguishing benefits of MSS are access diversity, global connectivity, priority access and terrain independence. These capabilities of MSS enhance remote communications and terrestrial-based wireless systems.

In 2017, the global mobile satellite services market was valued at US42.3 mn. Rising at a healthy 7.4% CAGR between 2017 and 2025, the global market is likely to reach US55.3 mn by the end of 2025. Holding nearly 66.2% of the market based on service type, the data segment emerged dominant in 2016. Its dominance is expected to remain sealed through the aforementioned forecast period.

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In terms of end-use industry, the market will witnessed the military and defense segment emerge at the fore in 2016. Regionally, North America accounted for the dominant share of 34.7% in the global mobile satellite services market in 2016. However, during the course of the forecast period South America is likely to show the fastest CAGR. Besides this, promising growth is expected in Asia Pacific, as countries such as Australia, Japan, and China exhibit high demand for mobile satellite services.