Mobile satellite services market expected to exceed $6.46 billion by 2027

Mobile satellite services market expected to exceed $6.46 billion by 2027


The latest research report from the IMARC Group entitled “Mobile Satellite Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, provides a detailed analysis of the global Market share of mobile satellite services, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The global market for mobile satellite services reached US$4.48 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of $6.46 billion by 2027, at a CAGR of 6.05% over 2022-2027. Mobile Satellite Services or MSS refers to telecommunications services provided to mobile users using satellite technology to establish communication between mobile devices and portable terminals. They provide essential two-way communication services to mobile workers in remote locations where no other form of communication is available. MSS are deployed for emergencies such as natural disasters, war zones, distress at sea, and failure of emergency communications. MSS also provides mobile communications availability beyond terrestrial-based wireless systems.

Key Attributes and Highlights of the Report:

  • Detailed analysis of global market share
  • Market segmentation by service type, application type and industry.
  • Historical, current and forecast size of the market in terms of volume and value
  • Latest industry trends and developments
  • Competitive Landscape for the Mobile Satellite Services Market
  • Strategies of key players and product offerings

The market is primarily driven by the increasing use of satellite communication services for the Internet of Things (IoT) and in disaster management areas. In addition, the increasing focus on cross-enterprise data applications and services is having a positive impact on the market growth. Some of the other factors, such as the allocation of additional bandwidth for MSS, continued advances in digital technology, and…

Source story

More to explorer