The global Mobile Satellite Services Market is forecasted to be worth USD 10.19 Billion by 2027, according to a new report by Emergen Research. The Global Mobile Satellite Services Market Report, published by Reports and Data, offers an industry-wide assessment of theMobile Satellite Services market, which is inclusive of the most crucial factors contributing to the growth of the industry. The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period of 2020-2027.
Mobile Satellite Services Market Size – USD 5.20 billion in 2019, Market Growth – CAGR of 9.4%, Market Trends – The rise in the adoption of real-time location data using IoT technology.
The study on the Global Mobile Satellite Services Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Mobile Satellite Services market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Mobile Satellite Services industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Mobile Satellite Services industry.
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North America is expected to dominate the market for mobile satellite networks due to better technological infrastructure and enhanced network connectivity. The Asia Pacific is expected to witness the fastest growth over the forecast period due to technological advances in telecommunication infrastructure and increased government investments in the implementation of 5G technology.
Key participants include Ericsson, Globalstar, Inc., Iridium Communications Inc., Inmarsat plc, ORBCOMM, Singapore Telecommunications Limited, EchoStar Corporation, Intelsat Corporation, Viasat, Inc., and Telstra Corporation Limited among others.
Service Outlook (Revenue, USD Billion; 2017-2027)
Tracking and Monitoring Service
Type Outlook (Revenue, USD Billion; 2017-2027)
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End-Use Outlook (Revenue, USD Billion; 2017-2027)
Aerospace & Defense
Oil & Gas
Media & Entertainment
IT and Telecom
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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 increasing demand for mobility, growing focus on data applications and services, and rising digital technology advancements are driving the demand for the market.
Key Objectives of the Report:
Analysis and estimation of the Mobile Satellite Services market size and share for the projected period of 2020-2027
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Mobile Satellite Services market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
Unfolding the prime factors prompting global market growth:
The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Mobile Satellite Services market into a broad product spectrum.
The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.
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