- The key vendors in the Global Mobile Satellite Services Market 2014-2018 are Globalstar Inc., Inmarsat Plc, Iridium Communications Inc. and Orbcomm Inc. and Thuraya Satellite Telecommunication Company Inc.
London, 09 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Mobile Satellite Services Market 2014-2018. One major trend emerging in the market is the increased demand for mobile satellite services in emergency situations. A number of agencies such as the UN are increasingly using mobile satellite services in their projects, especially in case of emergencies. The overall market is expected to grow at a CAGR of 7.39 percent during the forecast period.
Mobile satellite services refer to the provision of telecommunication services with the usage of satellites. They facilitate mobile communication beyond the range constraints of terrestrial wireless systems. This makes the provision of mobile-to-fixed and mobile-to-mobile voice and data communications possible using ground facilities, GEO satellite networks, and LEO satellites.
“The increasing demand for MSS in emergency situations is a new trend that is expected to foster the growth of the Global Mobile Satellite Services market over the next few years,” says Faisal Ghaus, Vice President of TechNavio Research.
“Mobile satellite services have been very useful in establishing connectivity during national emergencies such as natural disasters. Hence, a number of organizations such as the UN, non-governmental organizations, and other disaster management organizations are increasingly adopting MSS.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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