USD 5.24 billion
Report ID:
SQMIG45H2036 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|Tables:
63
|Figures:
75
Mobile Satellite Services (MSS) Market size was valued at USD 5.6 Billion in 2023 and is poised to grow from USD 5.99 Billion in 2024 to USD 10.21 Billion by 2032, growing at a CAGR of 6.90% during the forecast period (2025-2032).
The application of satellite communication in both the IoT and the emergency management areas in the developed regions is predicted to be the key driver for the studied market during the forecast period. Mobile satellite applications can also find application in other areas such as telecommunication, weather forecasting, navigation, military intelligence and space exploration. Furthermore, linking up 5G mobile networks with the next-generation satellite features gives mobile satellite companies a chance to take a significant part in the 5G community. Up to recently, the MSS bands were separated from the ones for the terrestrial cellular; as the mobile user either required a dual band-frequency handset or two distinct handsets. Nonetheless in the past decade, several system planners suggested that the MSSfrequency bands may be used to serve terrestrial cellular and satellite communications hence the handsets be simplified and the user always through one service provider.
The earth-based cellular network supporting this operating mode is called the ancillary terrestrial component (ATC). Although this will add more loads on already allocated frequency and will need special safeguards to protect GPS operations in the adjacent slots, the concept has been permitted conditionally in the United States for the deployment of new integrated satellite and terrestrial networks using standard devices with form factors like current PCS/Cellular devices. A convergence is noted in the emerging wireless and mobile satellite services.
The concept of interoperability can be defined as the ability of the different information systems, devices, and applications to connect seamlessly, trans-organizational and intra-organizational boundaries, to access, share, and cooperatively use the data amongst the stakeholders. Data exchange architectures and standards provide a mechanism to share the relevant data effectively and securely across all applicable settings and with all necessary stakeholders (including the person whose information is being shared).
Global Market Size
USD 5.24 billion
Largest Segment
Voice Service
Fastest Growth
Voice Service
Growth Rate
6.90% CAGR
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Global Mobile Satellite Services (MSS) Market is segmented by type, application, and region. Based on type, the market can be segmented into voice service, data service, and video service. Based on application, the market is segmented into defense and military, aviation, and oil and gas. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Mobile Satellite Services (MSS) Market Analysis by Type
By type, the market can be segmented into voice service, data service, and video service. The voice service segment dominated the mobile satellite services market. It continues to play a crucial role in critical communication scenarios where reliable voice connectivity is essential, such as emergency response, defense, and remote operations.
Data service is experiencing robust growth and is the fastest-growing segment in the mobile satellite services market. This growth is driven by the increasing need for high-speed and reliable internet access, data transfer, and messaging services in industries such as maritime, aviation, and government sectors.
Mobile Satellite Services (MSS) Market Analysis by Application
By application, the market can be segmented into defense and military, aviation, and oil and gas. The defense and military sector has long been a dominant application segment in the mobile satellite services market. The need for secure and reliable communication, surveillance, intelligence gathering, and remote operations drives the demand for mobile satellite services in this sector. The defense and military organizations heavily rely on mobile satellite services to establish communication links in remote and hostile environments.
The aviation sector is expected to witness rapid growth due to the increasing demand for connectivity and passenger entertainment services during flights. Additionally, the integration of satellite-based tracking and monitoring systems for aircraft is becoming more prevalent, contributing to the fast-paced growth of mobile satellite services in this segment.
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North America dominated the mobile satellite services market. The region has advanced telecommunications infrastructure, high smartphone penetration, and a strong demand for reliable connectivity in both urban and remote areas. North American countries, such as the United States and Canada, have a robust presence of key market players and satellite operators, contributing to the dominant position of the region. The US, in particular, is a major contributor to the market growth, driven by increasing investments in satellite technology, government initiatives to expand coverage in underserved areas, and the adoption of MSS in various sectors such as defense, oil and gas, and emergency services. North America also has a mature market for satellite-based IoT applications, further bolstering its dominant position in the MSS market.
On the other hand, APAC represents the fastest-growing market for mobile satellite services. The region is witnessing significant economic growth, technological advancements, and rapid urbanization, leading to increased connectivity requirements across various sectors. APAC countries, such as China, India, Japan, and Australia, are experiencing a surge in demand for MSS due to their large population, vast geographic areas, and remote locations with limited terrestrial infrastructure. Additionally, APAC is witnessing substantial growth in maritime activities, mining operations, and disaster-prone areas, creating a need for reliable satellite-based communication services. The increasing adoption of IoT applications and the development of smart cities in APAC also contribute to the region's fast-paced growth in the mobile satellite services market.
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Mobile Satellite Services (MSS) Market Drivers
Increasing demand for global connectivity in remote and rural areas
Mobile Satellite Services (MSS) Market Restraints
Unique cybersecurity challenges
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Global mobile satellite services market is characterized by a diverse range of players offering innovative solutions and services. Various companies, both established and emerging, are actively participating in the market, aiming to capture market share and capitalize on the growing demand for global connectivity. These players focus on developing advanced satellite technology, expanding their network coverage, and enhancing service reliability. Additionally, partnerships and collaborations among telecom operators, satellite service providers, and technology companies are becoming common to leverage their respective strengths and offer comprehensive mobile satellite solutions to customers.
Mobile Satellite Services (MSS) Market Top Player’s Company Profiles
Mobile Satellite Services (MSS) Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global mobile satellite services (MSS) market analysis, the market is witnessing significant growth due to the increasing demand for global connectivity in remote and underserved areas where terrestrial infrastructure is insufficient. Mobile satellite services utilize satellite technology to provide voice and data communication services to mobile users across the globe, regardless of their location. The market is driven by factors such as the surging usage of mobile data, the adoption of satellite-based Internet of Things (IoT) applications, and the crucial role of MSS during emergencies and natural disasters. North America dominated the market, benefiting from advanced infrastructure and key market players. Meanwhile, the Asia-Pacific region is experiencing rapid growth, driven by economic development, technological advancements, and expanding connectivity needs. However, cybersecurity challenges pose a significant restraint, prompting satellite operators to implement robust security measures.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 5.24 billion |
Market size value in 2031 | USD 9.55 billion |
Growth Rate | 6.90% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Mobile Satellite Services (MSS) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mobile Satellite Services (MSS) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mobile Satellite Services (MSS) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mobile Satellite Services (MSS) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45H2036
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