The global mobile satellite services market size was USD 5.21 billion in 2022. The market is set to increase from USD 5.56 billion in 2023 to USD 8.63 billion by 2030 at a CAGR of 6.5% during 2023-2030. North America dominated the mobile satellite services market with a market share of 34.74% in 2022. Mobile Satellite Services (MSS) allows connectivity in areas where there is limited or no terrestrial infrastructure.

The increasing need for high-speed broadband connectivity in areas lacking terrestrial infrastructure is projected to fuel market growth over the forecast timeframe.

Fortune Business Insights™ shares this information in its report titled “Mobile Satellite Services Market, 2023-2030.”

Informational Source:

https://www.fortunebusinessinsights.com/mobile-satellite-services-mss-market-103743

Segments

Rapid Deployment of Data Services in Several Applications Bolsters Segment Growth

On the basis of service, the market is bifurcated into voice and data. The data segment dominates the global market. The increasing usage of data services in several applications, including internet browsing, email communication, file transfers, and other data-intensive activities, is driving segment expansion.

Increasing Usage of L-band Frequencies in Mobile Satellite Services Propels the Segment Growth      

By frequency, the market is divided into L-band, S-band and Others. The L-band segment takes center stage in the global market. Increasing usage of L-band frequencies in mobile satellite services due to their ability to penetrate atmospheric conditions and offer reliable communication in various terrains is fostering segment expansion. L-Band is generally used for mobile and on-the-move applications.

Surging Need for Improving Operational Efficiency in Aviation Sector to Fuel Segment Growth

In terms of end user, the market is classified into aviation, maritime, government and military, and others. The aviation segment dominates the global market. The surging need for mobile satellite services in the aviation sector for reliable communication and improving operational efficiency, and passenger experience is boosting the segment growth.

From the regional ground, the market is classified into North America, Europe, Asia Pacific, and the rest of the world.

Report Coverage

The report has studied the market in depth and underlined several crucial aspects and leading market participants. It provides important insights into the recent market trends and key industry developments. In addition to the factors mentioned above, the report covers many other factors that have helped the market grow.

Drivers and Restraints

Surge in Internet of Things (IoT) and Machine-to-Machine (M2M) Applications across Several Sectors to Bolster Market Expansion

An increase in Internet of Things (IoT) and Machine-to-Machine (M2M) applications across different industries, such as agriculture, healthcare, and transportation is fostering the market growth. The increasing need for robust and widespread connectivity in these applications and the rapid expansion of IoT and M2M ecosystems are the key factors anticipated to fuel market growth in the coming years.

Nevertheless, the availability of alternative and high-speed connectivity options is hindering market growth.

Regional Insights

Technological Innovations Fostered Market Growth in North America

North America dominated the mobile satellite services market share. The presence of leading players and technological innovations are propelling market growth in the region.

Asia Pacific accounts for a significant share and is expected to register fastest growth rate during the study period. A rise in the capabilities of space-based mobile solutions is accelerating market growth in the region.

Competitive Landscape

Major Players Focus on Mergers & Acquisitions to Stimulate Their Market Share

Leading companies are emphasizing technological innovations and mergers & acquisitions to boost their market share. In August 2022, SES and its wholly-owned subsidiary SES Government Solutions (SES GS) declared that they had completed the acquisition of DRS Global Enterprise Solutions (GES) from Leonardo DRS for a deal amount of USD 450 Million.

Key Industry Development

• January 2023: Skylo collaborated with Bullitt Group as the satellite connectivity partner for its two-way satellite messaging smartphones. Bullitt selected Skylo's device-direct satellite service for the newly announced smartphone and two-way messaging service.

List of Key Players Profiled in the Market Report

• Inmarsat Plc (U.K.)
• Viasat, Inc. (U.S.)
• Globalstar, Inc. (U.S.)
• Iridium Communications Inc. (U.S.)
• Al Yah Satellite Communications Company P.J.S.C. (UAE)
• Intelsat S.A. (Luxembourg)
• EchoStar Corporation (U.S.)
• Eutelsat S.A. (France)
• Telesat Corporation (Canada)
• SES S.A. (Luxembourg)
• Telefonaktiebolaget LM Ericsson (Sweden)
• ORBCOMM Inc. (U.S.)