The mobile satellite services market growth fueled by rapid adoption of mobile satellite and cellular services in emergency and disaster situations
Sellbyville, DE -- (SBWIRE) -- 05/14/2019 -- Global Mobile Satellite Services Market analysis mainly introduces the changing market dynamics in terms of covering all details inside analysis and opinion, volume and value market share by players, by regions, by product type, by consumers and their price change details, cost/revenue structure. Additionally, the analysis offers a detailed breakdown of key market growth drivers and limitation along with impact analysis of the same.
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North America is projected to dominate the mobile satellite services market due to the advanced technological infrastructure and the improved network connectivity. The government agencies have also taken significant efforts to introduce new satellite and navigation systems, which have further triggered the growth of the satcom industry. For instance, in June 2018, the U.S. Air Force awarded a contract of USD 130 million to SpaceX for the launch of Air Force Space Command Satellite (AFSPC)-52 satellites in the late FY2020.
The satellite system's ability to deliver communication capabilities independent of terrestrial assets makes it a key component of connectivity in emergency situations. The advancement in satellite technologies with the introduction of high accuracy GNSS receivers, GPS systems, and sensors is expected to boost the growth of the mobile satellite services market.
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Another factor that has fueled the mobile satellite services market growth includes the rapid adoption of mobile satellite and cellular services in emergency and disaster situations. As the deployment of wireless communications is one of the first priorities in emergency response, satellite communication systems are the only communications infrastructure that is not susceptible to damage from disasters.
The marine & defense sector is expected to witness a higher adoption of mobile satellite services market during the forecast timeline due to the introduction of many satellite and cellular service systems. For instance, in March 2018, COMSAT teamed up with Iridium to provide secure global communications to government & military users.
Some of the leading players in the mobile satellite services market are Globalstar, Singtel, Iridium Communications, EchoStar, Telstra, Inmarsat plc, ORBCOMM, ViaSat, and INTELSAT. The leading players are focusing on strategic agreements to cater to the needs of their business customers.
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For instance, in January 2017, Inmarsat plc through its distribution partner Global Beam Telecom entered into a multi-year agreement with Tecbuy and Virgin Megastores in the UAE to sell the company's GSPS IsatPhone Satellite phones and IsatHub terminals to customers in the UAE. The mobile satellite system allows customers to stay connected using one device and one SIM.
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