The Hybrid-Satellite Cellular Terminal Market is projected to reach by $696.4 million by 2031, reveals premium market intelligence study. The study also highlights that the market is set to witness a CAGR 22.81% during the forecast period 2021-2031.
A hybrid-satellite cellular system is a combination of both satellite and cellular networks where satellite and cellular components are interconnected but running independently. In such a scenario, the cellular and satellite have a separate system and might not have the same frequency band.
USP of the Report
According to Nilopal Ojha, Lead Analyst, “The market potential of the hybrid-satellite cellular terminal for land, maritime and aeronautical platform is expected to reach new heights. This is due to the emergence of new companies which are increasingly investing in the development of mobile satellite terminals for various end users. Furthermore, hybrid-satellite cellular terminal is the required technology for next-generation communications infrastructure. Hence, the market is expected to grow significantly during the forecast period 2021-2031.”
Key Companies Operating in the Market and Competitive Landscape
Key companies operating in the market Cubic Telecom, Comtech Telecommunication Corp, Eutelsat, EchoStar Corporation, Inmarsat (Connect Bidco Ltd.), IP Access International, JT Group Limited, Kymeta Corporation, OQ Technology, Orbocomm, ST Microelectronics
Players analyzed and profiled in the study involve original equipment manufacturers (OEMs) and service providers that capture a maximum share in the global hybrid-satellite cellular terminal market. Moreover, a detailed competitive benchmarking of the players operating in the global hybrid-satellite cellular terminal market has been done that will help the reader to understand how players stack against each other, presenting a clear market landscape.
Additionally, comprehensive competitive strategies such as partnerships, agreements and collaborations, and new product launches are expected to aid the reader in understanding the untapped revenue pockets in the market.
Market Segmentation of Hybrid-Satellite Cellular Terminal Market
End-User: The hybrid-satellite cellular terminal market has been segmented based on end user, including oil and gas, mining, media and entertainment, defense and government, aviation, enterprise, naval, automotive, logistics and transportation. The government and defense end user segment is estimated to dominate the global hybrid-satellite cellular terminal market due to the growing need for high-speed communication to emergency responders and different armored vehicles.
Platform: The hybrid-satellite cellular terminal market has been segmented based on platform, including land, maritime, and aeronautical. Land is the most prominent platform contributing toward the growth of the global hybrid-satellite cellular terminal market. This is due to the increasing number of the hybrid-satellite cellular terminals for end-users such as oil and gas, mining, defense and government, automotive, and logistics and transportation.
Region: The regions discussed in this report include North America, Europe, Asia-Pacific, and Rest-of-the-World. North America is expected to account for the highest share of the global hybrid-satellite cellular terminal market, owing to a significant number of companies based in the region, increased spending by government and commercial organizations such as the National Aeronautics and Space Administration (NASA), Space X, and Kymeta Corporation for the hybrid-satellite cellular terminal.
Source: ASDReports - Market Research
Date: Sep 6, 2021
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