Mobile Satellite Services Market worth $5.62 Bn by 2019
- Says the New Study on ASDReports
The new report now on ASDReports, defines and segments the global MSSmarket into various sub-segments with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving the market, various restraints, and opportunities impacting it, along with the adoption trends.
Mobile Satellite Service (MSS) is on the rise, with a huge surge of interest in mobile communications and high-paced developments in devices and applications. In recent years, mobile-broadband circulation has increased exponentially with improved developments in network technology. The massive implementation of MSS has been beneficial for mobile operators that plan to serve unconnected remote areas in order to increase their subscriber base. The biggest challenge for the MSS market is the increasing regulation and the heightened competition from the traditional mobile value chain, which makes it difficult for operators to offer traditional voice and data services. However, today, satellite operators are no longer the only entity dominating the satellite communication market. Data services are particularly gaining traction for remote locations, since several vertical markets are very suitable for mobile services, including transport, mining, and media. The MSS market includes big players such as Ericsson, GlobalStar, Inmarsat, Iridoum Communications, ORBCOMM, EchoStar, Intelsat, SingTel, ViaSat, and Telstra. The competition from these big players further makes it difficult for small vendors to enter the MSS market.
The major factors driving this market are the emerging advancements in digital technology, increasing demand for mobility, rising integration demands of satellite and terrestrial mobile technology, and increasing focus of data applications and services.
Mobile Satellite Services Market - Worldwide Market Forecasts and Analysis (2014 - 2019)
Policy and regulatory issues are one of the restraints for satellite operators along with the congestion of frequency bands and orbits. Hence, improved frequency spectrum will prove to be more beneficial and will enable the satellite operators to seize this opportunity by providing simpler services to end users. Indispensable requirement in key potential markets and reliability in quality of services are another opportunity for organizations and small business units. MSS mainly focuses on offering voice and data services to mobile users that are situated in remote locations.
Some of the benefits that MSS offer to government organizations include all forms of communications ranging from simple voice and data to bandwidth exhaustive multimedia applications.
Additionally, the benefits for the satellite communications industry are numerous. For the end users, MSS uses communication satellites that cover all terrestrial masses and are estimated to grow their volume by serving maritime and aeronautical markets.
The report broadly segments the global MSS market by region: North America (NA), Asia-Pacific (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA); by service: video, voice, data, and tracking and monitoring; by access type: land mobile, maritime, and aeronautical; by industry verticals as oil and gas, media and entertainment, mining, military and defense, aviation, transportation, and others.
The report forecasts the global MSS market to grow from $3.45 billion in 2014 to $5.62 billion in 2019. North America is expected to be the largest market in terms of market size, while Europe and Asia-Pacific are expected to experience an increase in market traction during the forecast period.
Source : ASDReports - Market Research - view original press release
Apr 26 - 28, 2017 - Washington, United States