Research and Markets released a new report on the Global Mobile Satellite Services (MSS) Market. The MSS market was valued at US$ 3.50 Billion in 2019 which is expected to reach US$ 5,52 Billion by 2027 at a CAGR 6.5%.
MSS refers to a system of communication satellites which are meant to be utilized with wireless telephones (Mobile), the communication service is provided with the help of satellites. MSS enables data communication for individuals that are in distant locations and provide good connections.
Market Drivers
Continuous advancements in digital technology is the key driving factor which is expected to boost the global mobile satellite services (MSS) market growth. Furthermore, increase in focus of data applications and services will positively contribute the market growth. Moreover, increase in usage of satellite communication services for IoT and in the disaster management areas in developed countries is expected to propel the growth of mobile satellite services (MSS) market over the forecast period. MSS can find space for a various range of applications such as telecommunication, weather prediction and navigation and space exploration. Also, increase in technological advancements like 4G, 5G mobile networks with next generation satellite capabilities will fuel the market growth during this forecast period.
Market Restraints
However, lack of interoperability between mobile satellite services (MSS) is the major restraining factor which is expected to hinder the global mobile satellite services (MSS) market growth. Also, policy and regularity issues will affect the market growth.
Market segmentation
Global Mobile Satellite Services (MSS) Market is segmented into service such as Video Services, Voice Services, Data Services, and Tracking & Monitoring Services, by access type such as Land Mobile, Maritime, and Aeronautical, by vertical such as Oil & Gas, Media & Entertainment, Mining, Military & Defense, Aviation, Transportation, and Others.
Also, the Global MSS Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Ericsson, Globalstar, Inc., Inmarsat, Iridium Communications, Inc., Orbcomm, Echostar Corporation, Intelsat General Corporation, Singtel, Viasat, and Telstra, among others.
For more information on the report go to: https://www.researchandmarkets.com/reports/5388173/global-mobile-satellite-services-mss-market
