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Market research analysts at Technavio predict that the global mobile satellite services market will grow steadily and post a CAGR of almost 8% by 2020. The increasing demand for satellite communication during emergency situations will be one of the primary factors contributing to the growth of the mobile satellite services market. NGOs and humanitarian organizations across the globe depend on mobile satellite services (MSS) for its robustness and expansive coverage as this technology facilitates a timely and efficient response. Furthermore, since these terminals can be effortlessly deployed anywhere, it will provide global coverage and an active communication channel to end-users to help in relief operations during natural disasters and emergency situations. As a result, many vendors have started collaborating with each other to deliver preferential airtime rates and technical training support to enhance satellite service.
During 2015, the Americas dominated the market by accounting for approximately 40% of the total market share. Increasing awareness and the growing preference for satellite technologies across the government and aeronautical sectors will result in the strong growth of the market in the Americas. Additionally, the ability of satellite communication to help in storm and hurricane disaster management, volcano monitoring, vegetation identification, and historical monument inspection will also lead to its increased demand during the estimated period. Furthermore, the participation of Latin American countries, such as Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Venezuela, in the development in satellite technologies will also help in the evolution of the market.
The level of competition in the market is moderate due to the high initial cost of investment. Players in the market compete on the basis of innovation, performance, product features, quality, and technology to gain market shares. Additionally, many vendors across the world deploy their solution independently or with the help of channel partners to consolidate their market position. To survive in this market, businesses have to follow emerging technologies that could have an impact on their product lines.
The leading vendors in the market are -
Other prominent vendors in the market are Comtech Telecommunications, EchoStar, Harris CapRock Communications, Hughes Network Systems, Intelsat General, Kongsberg, Ligado Networks, Mitsubishi Electric, Raytheon, SpaceQuest, Terrestar Network, Thrane and Thrane, Thuraya, TrustComm, ViaSat, and VT iDirect.
During 2015, the maritime segment dominated the market by posting an impressive revenue of more than USD 2 billion. Since satellite communication provides powerful mobile communication services and products to cater to the unique requirements of government-centric maritime operations, its demand among the end users from the maritime segment will increase significantly over the next few years.
By posting an impressive revenue of almost USD 4 billion by 2020, the data services market segment will dominate the market throughout the predicted period. Factors such as advancements in digital technology, which offer customer-specific solutions and foster operational efficiency, and the advent of digital devices with fewer issues and customer-friendly innovative solutions will lead to the growth of this mobile satellite services market segment during the forecast period.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by platform
PART 07: Market segmentation by service
PART 08: Market segmentation by application
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
PART 17: Explore Technavio
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