The global mobile satellite phone market is anticipated to reach $808.5 million by 2031, growing from $553.6 million in 2021 at a CAGR of 3.9% from 2022 to 2031. With the use of satellite phone, users can communicate with cellular, landline, or other satellite phones in most of the regions across the world. Mobile satellite phones are used for communication during the emergency situations such as severe weather, earthquakes, or nuclear attacks. The mobile satellite phone can be used for transmitting and receiving signals as it has an omnidirectional or directional antennas.
One of the major factors driving the growth of the mobile satellite services market is that the mobile satellite phone is equipped with voicemail, no cell tower is required, and offers great rental option. . The Increase in use of satellite communication services for IoT and disaster management in developed regions is driving the mobile satellite phone market size in recent years. The Increase in use of technology in a variety of applications such as telecommunication, weather prediction and navigation, military intelligence, and space exploration, as well as continuous advancements in digital technology, all have an impact on the mobile satellite phone market expansion. Furthermore, digitization and urbanization, Increased investment, and a focus on data applications and services all benefit the mobile satellite services market.
Satellite phones use radio wave propagation to operate on an entirely different network infrastructure. Mobile satellite phone has certain limitations such as per minute charges of these phones are higher than the cellular phone, severe weather conditions may affect the functionality of these phones, and they are larger in size compared to cellular phones. Furthermore, calls from public networks to these phones can be prohibitively expensive. Other technological limitations that are expected to have a negative impact on global demand Include network dead spots, lower voice quality than cellular networks, and latency.
The policies put in place by governments at the national and international levels have an impact on the development of mobile satellite phones and the market, either directly or indirectly. For instance, local government regulations can prevent one from using satellite phones without prior permission. Large antenna size, low bandwidth for Internet access that can lead to delay in voice communication is estimated to hamper the mobile satellite phone market share in the upcoming years.
The use of mobile satellite phones during emergency applications for voice communication, text messaging, email conversations, short message service (SMS), and others is anticipated to generate excellent opportunities in the market. The mobile satellite phones such as LEO satellite phones are convenient and easy to carry as they are smaller and lighter. Also, AST SpaceMobile, a U.S.-based company, is estimated to launch its low earth satellite in 2023, that will facilitate the satellite communications.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were at a standstill. Every industry has been impacted by the pandemic in different ways, Including how it has influenced market conditions, supply chains, output, and existing initiatives. A number of market participants are working arduously to introduce new items and use various cutting-edge techniques to lessen the impact that the pandemic has had on enterprises. On contrary, government support for mobile satellite phones in terms of financial Incentives, infrastructure development, and regulatory framework is estimated to have positive impact on the mobile satellite phone market outlook.
The key players profiled in this report Include Iridium Communications Inc., Globalstar, Inc., Thuraya Telecommunications Company, Inmarsat Global Limited, Beam Communications Pty. Ltd., Bharat Sanchar Nigam Limited, KVH Industries, Inc., K.S.C., TS2 Space Sp. z o.o., and Garmin Ltd.
One of the major factors driving the growth of the mobile satellite services market is that the mobile satellite phone is equipped with voicemail, no cell tower is required, and offers great rental option. . The Increase in use of satellite communication services for IoT and disaster management in developed regions is driving the mobile satellite phone market size in recent years. The Increase in use of technology in a variety of applications such as telecommunication, weather prediction and navigation, military intelligence, and space exploration, as well as continuous advancements in digital technology, all have an impact on the mobile satellite phone market expansion. Furthermore, digitization and urbanization, Increased investment, and a focus on data applications and services all benefit the mobile satellite services market.
Satellite phones use radio wave propagation to operate on an entirely different network infrastructure. Mobile satellite phone has certain limitations such as per minute charges of these phones are higher than the cellular phone, severe weather conditions may affect the functionality of these phones, and they are larger in size compared to cellular phones. Furthermore, calls from public networks to these phones can be prohibitively expensive. Other technological limitations that are expected to have a negative impact on global demand Include network dead spots, lower voice quality than cellular networks, and latency.
The policies put in place by governments at the national and international levels have an impact on the development of mobile satellite phones and the market, either directly or indirectly. For instance, local government regulations can prevent one from using satellite phones without prior permission. Large antenna size, low bandwidth for Internet access that can lead to delay in voice communication is estimated to hamper the mobile satellite phone market share in the upcoming years.
The use of mobile satellite phones during emergency applications for voice communication, text messaging, email conversations, short message service (SMS), and others is anticipated to generate excellent opportunities in the market. The mobile satellite phones such as LEO satellite phones are convenient and easy to carry as they are smaller and lighter. Also, AST SpaceMobile, a U.S.-based company, is estimated to launch its low earth satellite in 2023, that will facilitate the satellite communications.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were at a standstill. Every industry has been impacted by the pandemic in different ways, Including how it has influenced market conditions, supply chains, output, and existing initiatives. A number of market participants are working arduously to introduce new items and use various cutting-edge techniques to lessen the impact that the pandemic has had on enterprises. On contrary, government support for mobile satellite phones in terms of financial Incentives, infrastructure development, and regulatory framework is estimated to have positive impact on the mobile satellite phone market outlook.
The key players profiled in this report Include Iridium Communications Inc., Globalstar, Inc., Thuraya Telecommunications Company, Inmarsat Global Limited, Beam Communications Pty. Ltd., Bharat Sanchar Nigam Limited, KVH Industries, Inc., K.S.C., TS2 Space Sp. z o.o., and Garmin Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the mobile satellite phone market analysis from 2021 to 2031 to identify the prevailing mobile satellite phone market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the mobile satellite phone market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global mobile satellite phone market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- LEO Satellite Phone
- GEO Satellite Phone
By Application
- Defense
- Maritime
- Aviation
- Oil and Gas
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Russia
- Germany
- UK
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- UAE
- Argentina
- South Africa
- Rest of LAMEA
Key Market Players
- Beam Communications Pty. Ltd.
- bharat sanchar nigam limited - india
- Garmin Ltd.
- Globalstar, Inc.
- Inmarsat Global Limited
- Iridium Communications Inc.
- K.S.C.
- KVH Industries, Inc.
- Thuraya Telecommunications Company
- TS2 Space Sp. z o.o.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: MOBILE SATELLITE PHONE MARKET, BY TYPE
CHAPTER 5: MOBILE SATELLITE PHONE MARKET, BY APPLICATION
CHAPTER 6: MOBILE SATELLITE PHONE MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Mobile Satellite Phone Market,' The mobile satellite phone market was valued at $553.60 million in 2021, and is estimated to reach $808.5 million by 2031, growing at a CAGR of 3.9% from 2022 to 2031.Mobile satellite phone is a device that is widely used for communication with cellular, landline, and other satellites across the world. The mobile satellite phone uses satellite to receive information signals in the form of voice, text, or message and transmit the information back to the satellite. The mobile satellite phone has a directional or omnidirectional antenna that is used for transmitting or receiving the signals.
The mobile satellite phone is used for communication during emergencies such as fires, earthquakes, and others. In remote areas, mobile satellite phones are widely used to facilitate effective communication during emergency communications. In addition, mobile satellite phones can be used during natural disasters or severe weather conditions in regions or countries where cellular networks are damaged. Mobile satellite phones can be used for emergencies even during explosive attacks such as chemical nuclear, biological, or radiological. One of the benefits of mobile satellite phones is that they are simpler to operate than cellular phones. These phones are widely used for communication with planes, ships, command centers, ground-based phones, and other vehicles. These factors are anticipated to boost the mobile satellite phone market share in the upcoming years.
The use of mobile satellite phones among common people is banned in certain countries. For instance, in India, the arriving tourists ad visitors have to comply with Indian laws and are not allowed to use satellite phones without receiving permission from concerned authorities. This is the major factor anticipated to restrain the mobile satellite phone market growth during the forecast period.
Mobile satellite phone uses Low-Earth Orbit (LEO) and Geosynchronous Equatorial Orbit (GEO) for communication. The mobile satellite phones based on LEO satellites are convenient to use and carry as they are small and lightweight. Mobile satellite phone facilitates wireless communication via remote headset for data access. The mobile satellite phone market is driven by the ability of these phones to replicate the functionalities of Bluetooth, Wi-Fi, as well as global positioning systems. Iridium, Globalstar, Inmarsat, and Thuraya are the leading companies in the mobile satellite phone market. For instance, Iridium 9555, a mobile satellite phone has weather resistant keypad, with two-way SMS & email messaging feature, and an intuitive user interface. This satellite phone is compact, easy to use, and lightweight. This phone can withstand a rugged environment and it is connected to a global mobile network. Also, these mobile satellite phones have integrated speakerphones, extended battery life, internally stowed antenna, upgraded mini-USB data port, support for mobile tethering, and others. These factors are anticipated to generate excellent opportunities in the mobile satellite phone market in the future.
The mobile satellite phone market share is segmented on the basis of type, application, and region. By type, it is divided into LEO satellite phone and GEO satellite phone. By application, it is classified into defense, maritime, aviation, oil & gas, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the mobile satellite phone market report include Iridium Communications Inc., Globalstar, Inc., Thuraya Telecommunications Company, Inmarsat Global Limited, Beam Communications Pty. Ltd., Bharat Sanchar Nigam Limited, KVH Industries, Inc., K.S.C., TS2 Space Sp. z o.o., and Garmin Ltd.
The report offers a comprehensive analysis of the global mobile satellite phone market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also highlights the present scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.
Impact of COVID-19 on the Global Mobile Satellite Phone Industry
The COVID-19 pandemic had a moderate impact on the mobile satellite phone market. The negative impact of COVID-19 pandemic was majorly owing to supply chain disruptions which led to restrictions on the manufacturing and distribution of mobile satellite phones.The pandemic shifted the focus towards remote work which led to an increase in the demand for reliable communication systems in rural and remote areas. Mobile satellite phones can be used as a viable alternative for staying connected even in remote areas where there is a lack of traditional cellular networks.
The demand for mobile satellite phone was reduced as a decline in travel indicated a decline in the number of people opting for mobile satellite phone during their visit to remote places where cellular network is not present.
Key Findings of the Study
- Based on type, the LEO satellite phone sub-segment emerged as the global leader in 2021 and is expected to grow with the highest CAGR during the forecast period.
- Based on application, the maritime sub-segment emerged as the global leader in 2021 and is predicted to have the fastest growth rate during the forecast period.
- Based on region, the North America market registered the highest market share in 2021 and Asia-Pacific is projected to show the fastest growth during the forecast period.
Companies Mentioned
- Beam Communications Pty. Ltd.
- bharat sanchar nigam limited - india
- Garmin Ltd.
- Globalstar, Inc.
- Inmarsat Global Limited
- Iridium Communications Inc.
- K.S.C.
- KVH Industries, Inc.
- Thuraya Telecommunications Company
- TS2 Space Sp. z o.o.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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