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This market analysis recognizes vendors such as Globalstar, Inmarsat, Iridium Communications, Singtel, and Telstra as the key players in the global mobile satellite services market. This report also presents segmentations based on platforms (aviation, land, maritime, and others), services (data and voice), application (M2M, broadband, handheld, and narrowband), and geography (the Americas, APAC, and EMEA).
Overview of the global mobile satellite services market
Market research analysts at Technavio predict that the global mobile satellite services market will grow steadily and post a CAGR of almost 8% by 2020. The increasing demand for satellite communication during emergency situations will be one of the primary factors contributing to the growth of the market. NGOs and humanitarian organizations across the globe depend on mobile satellite services (MSS) for its robustness and expansive coverage as this technology facilitates a timely and efficient response. Furthermore, since these terminals can be effortlessly deployed anywhere, it will provide global coverage and an active communication channel to end-users to help in relief operations during natural disasters and emergency situations. As a result, many vendors have started collaborating with each other to deliver preferential airtime rates and technical training support to enhance satellite service.
During 2015, the Americas dominated the market by accounting for approximately 40% of the total market share. Increasing awareness and the growing preference for satellite technologies across the government and aeronautical sectors will result in the strong growth of the market in the Americas. Additionally, the ability of satellite communication to help in storm and hurricane disaster management, volcano monitoring, vegetation identification, and historical monument inspection will also lead to its increased demand during the estimated period. Furthermore, the participation of Latin American countries, such as Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Venezuela, in the development in satellite technologies will also help in the evolution of the market.
Competitive landscape and key vendors
The level of competition in the market is moderate due to the high initial cost of investment. Players in the market compete on the basis of innovation, performance, product features, quality, and technology to gain market shares. Additionally, many vendors across the world deploy their solution independently or with the help of channel partners to consolidate their market position. To survive in this market, businesses have to follow emerging technologies that could have an impact on their product lines.
The leading vendors in the market are -
· Iridium Communications
Other prominent vendors in the market are Comtech Telecommunications, EchoStar, Harris CapRock Communications, Hughes Network Systems, Intelsat General, Kongsberg, Ligado Networks, Mitsubishi Electric, Raytheon, SpaceQuest, Terrestar Network, Thrane and Thrane, Thuraya, TrustComm, ViaSat, and VT iDirect.
Segmentation based on platforms and analysis of the mobile satellite services market
During 2015, the maritime segment dominated the market by posting an impressive revenue of more than USD 2 billion. Since satellite communication provides powerful mobile communication services and products to cater to the unique requirements of government-centric maritime operations, its demand among the end users from the maritime segment will increase significantly over the next few years.
Segmentation based on service and analysis of the mobile satellite services market
By posting an impressive revenue of almost USD 4 billion by 2020, the data services market segment will dominate the market throughout the predicted period. Factors such as advancements in digital technology, which offer customer-specific solutions and foster operational efficiency, and the advent of digital devices with fewer issues and customer-friendly innovative solutions will lead to the growth of this market segment during the forecast period.
Key questions answered in the report include
· What will the market size and the growth rate be in 2020?
· What are the key factors driving the global mobile satellite services market?
· What are the key market trends impacting the growth of global mobile satellite services market?
· What are the challenges to market growth?
· Who are the key vendors in the global mobile satellite services market?
· What are the market opportunities and threats faced by the vendors in the global mobile satellite services market?
· Trending factors influencing the market shares of the Americas, APAC, and EMEA.
· What are the key outcomes of the five forces analysis of the global mobile satellite services market?
Technavio also offers customization on reports based on specific client requirement.