Global Mobile Satellite Services (MSS) Market Exhibits Healthy CAGR of 7.4% during Forecast 2017 to 2025

Posted on 2018-03-12 by Mark Hub in Technology // 0 Comments

Albany, US, 2018-Mar-12 — /EPR Network/ —The developments of business satellite internet services with regards to mobile satellite and internet satellite services has given significant boost to its demand worldwide. With companies increasingly spending in R&D operations the market for mobile satellite services will witness a spurt of fresh opportunities in the coming years, finds a new study broadcasted to the wide repository of Market Research Hub (MRH). The study is titled as “Mobile Satellite Services (MSS) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” and provides complete perspective on global market’s evolution throughout the above mentioned forecast period in terms of revenue (US$ Mn). In addition, it also covers all the major trends and technologies playing influential role in the market’s growth over the forecast period.

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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. Moreover, it has been stated in the study that for a successful implementation of a newly evolved technology, support from a strong communication channel is highly requires, which can be fulfilled by mobile satellite services. As per the report key findings, rising at a strong 7.4% CAGR between 2017 and 2025, the global market is likely to reach US$6955.3 mn by the end of 2025.

Market Insights and Segmental Analysis

Firstly, the report begins with an overview of the global mobile satellite services market, with assessments on key market segments offered in the report in terms of revenues. The report also includes an executive summary that highlights the key market segments where player may find extensive opportunities. In this study, the global mobile satellite services market has been categorized on the basis of access type, service type and end-use verticals.

In terms of geography, the global mobile satellite services market is segmented into North America, Japan, South America, Asia-Pacific excluding Japan, Europe and Middle East & Africa. Of these, North America accounted for the dominant share of 34.7% in the global mobile satellite services market in 2016. However, in the coming years, South America is likely to show the fastest CAGR. Besides this, promising growth is predicted in Asia Pacific region.

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On the basis of access type, the report covers Aeronautical MSS, Personal MSS, Broadcast MSS, Land MSS and Maritime MSS. On the basis of end-user, the research covers oil & gas, media & entertainment, mining, military & defense, aviation, government, transportations, automotive and others. As per the report, the military & defense segment is anticipated to contribute major share in the global mobile satellite services (MSS) market. It has been also noted that, due to the rise in oil & gas and mining activities in remote areas, demand for MSS is increasing.

Some of the key players profiled in the global mobile satellite services (MSS) market report include Echostar Corporation, Iridium Communications, Inc., Ericsson AB, Singtel Satellite, GlobalStar Corporation, Inmarsat Inc, Intelsat, S.A., ORBCOMM, Inc., Telstra Corporation Ltd., Tesacom, Thuraya Telecommunications Company and ViaSat Inc among others.

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MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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