The latest report on Mobile Satellite Services Market by Infinium Global Research gives complete coverage of the Mobile Satellite Services Market by service type (voice service, video service, and data service), application (maritime, aeronautical, and land), industry vertical (aerospace & defense, media and entertainment, mining, and other industry vertical) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Mobile Satellite Services such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report Shall be Revised to 2020-2026. The Section on the Impact of COVID-19 on this Market is Included in the Report for Free.
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The Increasing Demand for Mobile Satellite Services in Disaster Management Areas in Developed Regions is Boosting the Mobile Satellite Services Industry
Mobile Satellite Services means networks of communications satellites intended for use with mobile and portable wireless telephones. Satellites are used for telecommunication, navigation, weather prediction, military intelligence, and space exploration. Satellite phones are tracked through its radio emissions which will require a trained technician and specialist equipment. Many satellite phones have automatic location sharing. The S-band system based on its geostationary satellites is currently developing by Mexico. On 27 November 2019, ISRO has launched a remote sensing satellite Cartosat-3. The resolution is 1.13 m with a 16 km swath in four-band multispectral mode and equipped with a mid-wave infrared camera with a 5.7 m resolution. This new advancement remote sensing satellite Cartosat-3, in turn, propel the mobile satellite services market.
The increasing demand for mobile satellite services in disaster management areas in developed regions is boosting the mobile satellite services market. Satellite services are used in various applications such as telecommunication, weather prediction, and navigation, military intelligence, and space exploration is the factor enhancing the mobile satellite services market. Increasing the adoption of voice-based mobile satellite services by companies to keep their employees connected with their families and close friends is propelling the mobile satellite services market. Technological advancement and adoption of digital technology are the factors driving the satellite services market.
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The Growing Demand for Mobility Among Consumers can be Another Factor Impelling the Satellite Services Industry
The growing demand for mobility among consumers can be another factor impelling the satellite services market. However, strict government regulation in different regions is the major factor hampering the satellite services market. The cost of mobile devices and the poor connection between mobile devices are the factors hindering the satellite services market. Moreover, the emergence of 5G creates an opportunity for the mobile-satellite service.
Geographically, North America is the dominant region in the satellite services market. Advanced foothold technological infrastructure and improved network connectivity are the factors driving the satellite services market in North America. Also, increasing demand for the end-user industries such as aviation is another factor boosting the satellite services market in North America. Asia Pacific is expected to grow at the highest CAGR in the forecast period due to government initiative towards the implementation of the 5G technology along with the rising penetration of Internet of Things and smartphones as well as advancements in digital infrastructure.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Mobile Satellite Services.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.