The global Mobile Satellite Service (MSS) Market is forecasted to grow at a rate of 5.8% from USD 4.06 Billion in 2019 to USD 7.55 Billion in 2030.
Mobile Satellite Services (MSS) are telecom services that provide two-way voice and data communications to the users located in remote areas with the help of satellite technology. In recent times, satellite communication systems have become significant part of telecommunication networks as they provide various advantages to users, including wide network coverage and uniform performance irrespective of the user location. MSS systems are classified based on their orbital altitudes such as medium earth orbit (MEO), low earth orbit (LEO), and geostationary orbit (GEO). These systems are suitable in remote areas where wired networks are not available. MSS are also used in emergency conditions such as distress, natural disasters, war zones, and breakdown of communication due to several reasons.
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Top Companies: Ericsson Inc., Globalstar, Inc., Inmarsat Holdings Limited., Iridium Communications, Inc., Orbcomm Inc., Echostar Corporation., Intelsat General Corporation., Singtel Ltd., VirSat Inc and others.
The global mobile satellite services market is segmented by service, application, industry vertical, and region. Based on service, it is divided into video, voice, and data service. By application is classified into land, air, and maritime access. Based on industry vertical, it is categorized into banking, financial, and insurance (BFSI); aerospace & defense; healthcare; public sector; IT & telecom; retail; and others. Based on geography, it is analyzed across North America, Europe, Asia-Pacific, and rest of the world (RoW).
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North America holds lion share in the mobile satellite services market due to the adoption of advanced technologies, growing consumer’s preference towards smart devices, and improved network connectivity in this region. However, Asia-Pacific is also expected to show a steady rise in the growth of MSS market due to the increasing population and need for high-speed connectivity owing to expansion of industrial and non-industrial sectors in this region.
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