Global Mobile Satellite Services (MSS) Market

Mobile Satellite Services (MSS) Market Size, Share, Growth Analysis, By Type(Voice Service, Data Service, and Video Service), By Application(Defense and Military, Aviation, and Oil and Gas), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45H2036 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 63 | Figures: 75

Mobile Satellite Services (MSS) Market Dynamics

Mobile Satellite Services (MSS) Market Drivers

Increasing demand for global connectivity in remote and rural areas

  • One key driver propelling the growth of the mobile satellite services market is the increasing demand for global connectivity in remote and rural areas with limited terrestrial infrastructure. As mobile data usage surges and satellite-based Internet of Things (IoT) applications gain traction, mobile satellite services provide a reliable means of communication for users across the globe. The ability to deliver voice and data services regardless of location on land, sea, or air makes mobile satellite services essential for bridging the connectivity gap and ensuring seamless communication in underserved areas.

Mobile Satellite Services (MSS) Market Restraints

Unique cybersecurity challenges

  • A significant restraint facing the mobile satellite services market is the unique cybersecurity challenges associated with the reliance on ground-based technologies and satellite operations. The need for uplinks and downlinks to pass through telecom network security protocols creates vulnerabilities that cybercriminals can exploit. This poses a major obstacle to the widespread adoption of mobile satellite services. However, satellite operators are actively implementing advanced security measures to address these concerns and safeguard the industry. Mitigating cybersecurity risks is crucial for ensuring the trust and reliability of mobile satellite services.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Mobile Satellite Services (MSS) Market size was valued at USD 5.24 billion in 2022 and is poised to grow from USD 5.60 billion in 2023 to USD 9.55 billion by 2031, growing at a CAGR of 6.90% during the forecast period (2024-2031).

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. 'Inmarsat (UK)', 'Iridium Communications Inc. (US)', 'Intelsat S.A. (Luxembourg)', 'Thuraya Telecommunications Company (United Arab Emirates)', 'Globalstar Inc. (US)', 'Viasat Inc. (US)', 'Hughes Network Systems LLC (US)', 'ORBCOMM Inc. (US)', 'EchoStar Corporation (US)', 'SES S.A. (Luxembourg)', 'Ligado Networks (US)', 'Yahsat (United Arab Emirates)', 'Avanti Communications Group plc (UK)', 'Speedcast International Limited (Australia)', 'Telesat Canada (Canada)', 'Inmarsat Government (UK)', 'KT Corporation (South Korea)', 'Thaicom Public Company Limited (Thailand)', 'Indosat Ooredoo (Indonesia)', 'Eutelsat (France)'

One key driver propelling the growth of the mobile satellite services market is the increasing demand for global connectivity in remote and rural areas with limited terrestrial infrastructure. As mobile data usage surges and satellite-based Internet of Things (IoT) applications gain traction, mobile satellite services provide a reliable means of communication for users across the globe. The ability to deliver voice and data services regardless of location on land, sea, or air makes mobile satellite services essential for bridging the connectivity gap and ensuring seamless communication in underserved areas.

The increasing utilization of the mobile satellite services industry is one of the major factors for the growth of the market. The mobile satellite services offer a reliable means of communication where the network is unavailable or damaged. The ability to offer essential services in critical citation, surge the adoption of mobile satellite services. 

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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Mobile Satellite Services (MSS) Market

Report ID: SQMIG45H2036

$5,300
BUY NOW GET FREE SAMPLE