Mobile Satellite Service (MSS) Market Size – USD 4.53 Billion in 2019, Market Growth – 6.9% CAGR, Market Trends – Use in Disaster Management Areas.

NEW YORK, NY, USA, October 18, 2021 /EINPresswire.com/ – The growing demand for consistent and uninterrupted services by the maritime and aviation industry will drive the market for mobile satellite services.

The global mobile satellite service (MSS) market is expected to reach $ 8.20 billion by 2027, according to a new report from Reports and Data. Mobile Satellite Services (MSS) provide two-way data and voice communications to users around the world who are still traveling or are in remote locations. MSS is frequently used for its global reception.

The range of terminals in size ranges from handheld to laptop size. These terminals can be mounted in a vehicle where communications can be maintained even when the vehicle is in motion. MSS operates on an L-band, low enough in the frequency spectrum to avoid rain fading associated with higher bandwidths such as Ka and Ku-band fixed satellite systems.

MSS is a mobile phone service that relies on portable terrestrial satellite rather than fixed terrestrial satellite and is known as cell phone towers. They can be mounted on moving vehicles such as ships, cars, airplanes and people also transport them. Businesses are adopting satellite voice services to deliver consistent, uninterrupted communications to their workers in mining, fishing, construction, transportation, communications and tourism.

North America has dominated the market for mobile satellite services due to strong demand from government, aviation and navy. The region has advanced technologies that require uninterrupted and consistent mobile networks. The region occupied 31.9% of market revenue in 2019.

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Major participants include Ericsson Inc., Intelsat SA, Globalstar Inc., EchoStar Mobile Limited, Thuraya Telecommunications Company, ORBCOMM Europe Holding BV, Hughes Network Systems, Telstra Corporation, SpaceQuest and TerreStar, among others.

Other key findings from the report suggest

• Mobile voice satellite is an efficient solution for government agencies to manage coast guards and forest guards, enabling them to assist people on islands and borders. It is very necessary during natural disasters.
• Businesses support polar adventures by providing tourists with satellite voice services. Polar adventurer Antony Jinman used Iridium GO! for his trip to Antarctica.
• The increase in the number of flight services has increased the demand for mobile satellite services. Commercial airlines will use it to provide their customers with full Internet access that includes email with attachments, purchases, corporate intranet connectivity and more. It will also allow airlines to improve their operational efficiency by providing real-time monitoring capability of equipment and inventory.
• The BFSI sector will register a significant CAGR of 7.1% during the forecast period. As the banking industry moves towards digitalization, they need to be able to connect to their physical points of presence such as branches, kiosks and ATMs. Banks need to find suitable communications to connect to these points in order to expand their services.
• Hughes Network Systems, LLC, in May 2019, announced that Eutelsat Communications had selected the Hughes JUPITER ™ system to enable services on its KONNECT next-generation High Speed ​​Satellite (HTS) for Western Europe and Africa

To identify the main industry trends, click on the link below: https://www.reportsanddata.com/report-detail/mobile-satellite-service-mss-market

For the purpose of this report, reports and data have been segmented on the global Mobile Satellite Service (MSS) market on the basis of type of service, type of access, end-users, and region:

Outlook Service Type (Revenue: USD Billion; 2017-2027)

Video service
Data service
Voice service

Outlook Access Type (Revenue: USD Billion; 2017-2027)

Terrestrial MS
Aeronautical MSS
MS maritime
Personal MSS
SMS broadcast

End User Outlook (Revenue: USD Billion; 2017-2027)

BFSI
Aeronautics and Defense
Health care
Public sector
IT and Telecom
Retail

Regional Outlook (Revenue: USD billion; 2017-2027)

North America
Europe
Asia Pacific
MEA
Latin America

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The market report includes the main points from the table of contents:

• Market overview for mobile satellite services (MSS)
• Global economic impact on industry
• Competition in the world market by manufacturers
• World production, income (value) by region
• Global supply (production), consumption, export, import by regions
• World production, revenue (value), price trend by type
• Global Market Analysis by Application
• Analysis of manufacturing costs
• Industrial chain, sourcing strategy and downstream buyers
• Analysis of the marketing strategy, distributors / traders
• Analysis of market effect factors
• Mobile Satellite Service (MSS) Market Forecast

To conclude, all aspects of the Mobile Satellite Service (MSS) Market are quantitatively and qualitatively assessed to study the Global and Regional Market in a comparative manner. This market research presents critical information and factual data about the market, providing an overall statistical study of this market on the basis of market drivers, its limitations, and future prospects.

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Tushar Rajput
Reports and data
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