Mobile Satellite Service Market to grow at a CAGR of 6.4%; Driven by the Rise in Media and Entertainment, 2023-2033

Market Overview

Mobile Satellite Service (MSS) is a wireless communication method that uses satellites to deliver voice, data and video calls to mobile users. The global MSS market has seen steady growth over the years and is projected to keep increasing in coming years. North America currently leads in terms of market share due to high adoption of satellite communication services in defense and government sectors. Asia Pacific is projected to experience rapid growth due to rising demand for satellite communication solutions in developing nations like India and China.

The [250+ market pages] global mobile satellite services market is forecast to expand at a compound annual growth rate (CAGR) of 6.4% between 2023 and 2033, reaching USD 10.8 Billion by 2033 from USD 5.9 Billion in 2023. This growth is being fuelled by increasing demand for satellite communication services in remote locations as well as emergency communication needs.

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The demand for mobile satellite services is being driven by the increasing need for reliable communication in remote and rural areas, the increasing adoption of IoT devices, and an increasing desire for high-speed internet access. Additionally, this market is experiencing strong growth within defense and government sectors due to increased need for satellite communication systems.

Top Key Trends

• The growing adoption of IoT devices is driving demand for mobile satellite services.
• Furthermore, high-speed internet access is fueling development in high throughput satellite (HTS) technology.
• The growing trend of connected cars and autonomous vehicles is expected to fuel demand for mobile satellite services.

Top Impacting Factors

• The rising adoption of cloud-based services will also contribute to this demand growth.
• The rising need for reliable communication services during emergency situations is anticipated to fuel market expansion.
• On the downside, satellite communication services come at a high cost that may act as a major impediment to market growth.

Market dynamics

1. Drivers:

• The growing need for reliable communication services in remote areas.
• The growing adoption of IoT devices.
• The growing need for high-speed internet services.
• Satellite communications in defense and government sectors.

2. Restraints

• The high cost of satellite communication services.
• The limited bandwidth capacity of satellites.
• The increasing competition from terrestrial communication services.

3. Opportunities

• The growing trend of connected cars and autonomous vehicles.
• The increasing adoption of cloud-based services.
• The development of high-throughput satellite (HTS) technology.

4. Challenges

• The limited bandwidth capacity of satellites.
• The high cost of satellite communication services.
• The increasing competition from terrestrial communication services.

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Key Market Segments

Type

• Video Services
• Voice Services
• Data Services
• Tracking and Monitoring Services

Application

• Oil and Gas
• Media and Entertainment
• Mining
• Military and Defense
• Aviation
• Transportation
• Others

Key Market Players

• Ericsson
• Globalstar
• Inmarsat
• Iridium Communications
• Orbcomm
• Echostar Corporation
• Intelsat General Corporation
• Singtel
• Viasat
• Telstra

Recent Development

In November 2021, Intelsat S.A. and Kymeta Corporation, a satellite communications company, jointly announced the successful demonstration of satellite-enabled 5G services using Intelsat’s global footprint on Kymeta’s electronic steered flat panel u8 antenna.
Fraunhofer Institute for Integrated Circuits IIS conducted a demonstration to showcase 5G satellite communication technology for mobility. This work is being further developed with support from Nokia Bell Laboratories.

In December 2020, EchoStar Mobile Limited joined JT Jersey Ltd. to offer their SYNERGY service suite – a hybrid satellite and cellular model capable of supporting Internet of Things (loT) and mobility solutions to customers across Europe and the UK. Mobile has integrated its European S-band satellite network with the JT 4G platform to offer a cellular roaming network for its SYNERGY service suite. This innovative hybrid approach utilizes just one terminal for all customers – making it the first hybrid approach of its kind!

Report Scope

FAQs

Q: What are the major trends in the Mobile Satellite Service (MSS) market?

A: The key trends in the Mobile Satellite Service (MSS) market include an increasing adoption of Internet of Things devices, rising demand for high-speed internet services and advancements in high-throughput satellite (HTS) technology.

Q: What are the major advantages for stakeholders in the Mobile Satellite Service (MSS) market?

A: Stakeholders in the Mobile Satellite Service (MSS) market will gain valuable insights into current and future market trends, drivers, restraints, and opportunities as well as an in-depth assessment of key players and their strategies.

Q: What challenges confront the Mobile Satellite Service (MSS) market?

A: The Mobile Satellite Service (MSS) market faces numerous obstacles, such as limited bandwidth capacity on satellites, high costs associated with satellite communication services and increasing competition from terrestrial communication services.

Q: Which market is experiencing the fastest growth in Mobile Satellite Service (MSS) subscriptions?

A: Asia Pacific is experiencing rapid growth in the Mobile Satellite Service (MSS) market, driven by rising demand for satellite communication services in developing nations such as India and China.

Q: In which country is the largest market for Mobile Satellite Service (MSS)?

A: North America is the leading market for Mobile Satellite Service (MSS), due to the widespread adoption of satellite communication services in defense and government sectors.