Global Mobile Satellite Services (MSS) Market Anticipated to Surge at a CAGR of 7.4% Through 2025

Market Research Reports Search Engine (MRRSE) has added a fresh market intelligence report to its comprehensive collection of research studies. The research study, titled “Mobile Satellite Services (MSS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025” offers a detailed analysis, presenting insights into the key trends and dynamics that are influencing the growth of the market. In addition, the product segmentation, geographical scenario and competitive landscape of the market have been discussed in the study which describe the future growth prospects of the given forecast period of 2017-2025.

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Global Mobile Satellite Services (MSS) Market: Snapshot

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.

MSS operators use lower frequency S- and L-band frequencies of radio spectrum connecting to non-directional earth station antennas with terminals in space or on ground for mobile communications, maritime and other transport-related services. Deployment of MSS stations is rapid and provides secure and scalable communications to the end-users. Increasing demand for mobility is one of the key factor which is anticipated to drive the market’s growth trajectories. In-flight connectivity, maritime communication and autonomous vehicles are few of the prime factors responsible for growing users demand for mobility. Furthermore, oil and gas sector is increasing its use of video streaming for operations monitoring and crew welfare. With the rise in oil & gas and mining activities in remote areas, demand for MSS is increasing.Military and Defense Segment Emerges Dominant among End Users

Mobile satellite services (MSS) market is segmented on the basis of access type, service type and end-use verticals. Based on access type, the market is further segmented into aeronautical MSS, land MSS, maritime MSS, personal MSS and broadband MSS. Based on service type, the market is segmented into voice service and data service. Data Service segment is anticipated to contribute major share in the global MSS market. End-use vertical is segmented into oil & gas, media & entertainment, mining, military & defense, aviation, government, transportations, automotive and others. The military & defense segment is anticipated to contribute major share in the global mobile satellite services (MSS) market followed by government over the forecast period. However, during the course of the forecast period, oil & gas and mining industries are likely to show faster CAGR. More often, mining activities and oil and gas explorations are carried out in remote locations, which requires effective communication channels. This creates considerable opportunities for the roll out of mobile satellite services. Moreover, with governments from around the world investing in maiden satellites for use in defense and various government and public safety purposes, experts predict favorable trends for the global mobile satellite services market in the coming years.

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Emerging Nations around the World to Offer Lucrative Opportunities

From a geographical standpoint, North America is expected to hold a major share in the global mobile satellite services (MSS) market owing to extensive usage of the technology. Asia Pacific and South America region is expected to witness lucrative growth due to the increasing use of satellite services in the government, defense, and transportation applications. Among countries within South America, the market is likely to witness the most lucrative prospects in Brazil. In Asia Pacific, the market will gain significantly as government spending toward public safety increases. In countries such as Australia, Japan, and China governments have adopted conscious strategies to make maritime, aeronautical, and military sectors more secure. Appropriate communication channels make a big part of this strategy, which will inevitably fuel the demand for mobile satellite services.

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

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