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

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

Global Mobile Satellite Services (MSS) Market News

In April 2023, Inmarsat partnered with Collins Aerospace to launch Inmarsat's SwiftBroadband-Safety (SB-S) service for aircraft. The collaboration aimed to provide enhanced cockpit communications and safety features.

In March 2023, OneWeb secured $500 million in funding from the UK government and Bharti Global. This investment was aimed at expanding OneWeb's satellite constellation and accelerating its global connectivity plans.

In January 2023, AST SpaceMobile announced a strategic partnership with Vodafone to develop and deploy a space-based mobile network that aims to provide global mobile connectivity, particularly in underserved regions.

In August 2022, Iridium Communications announced the successful completion of its $200 million convertible senior notes offering, providing additional funds for general corporate purposes.

In May 2022, Inmarsat partnered with Cobham SATCOM to launch the Inmarsat Fleet One service for leisure yachts and commercial fishing vessels. The service offered affordable and reliable broadband connectivity to the maritime industry.

Global Mobile Satellite Services (MSS) Market Report Snapshots

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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.

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

Global Mobile Satellite Services (MSS) Market News

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