Mobile Satellite Services Global Market Report 2024

The mobile satellite services market size has grown strongly in recent years. It will grow from $4.95 billion in 2023 to $5.34 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historical period can be attributed to several factors, including the emergence of global connectivity needs, heightened utilization in military and defense applications, the expansion of broadcasting and media sectors, increased demand for enterprise connectivity, and the essential role played in telecommunications backhaul.

The mobile satellite services market size is expected to see strong growth in the next few years. It will grow to $6.9 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth in the forecast period can be attributed to the expansion of emerging markets, the rise of commercial space activities, advancements in smart transportation, increased adoption in agriculture and precision farming, and the growing popularity of smart transportation solutions. Key trends expected in the forecast period include the integration with 5G networks, the rapid expansion of IoT (Internet of Things) connectivity, a rising demand for broadband connectivity, the improvement of disaster response and public safety solutions, and a diversification of service offerings in the mobile satellite services sector.

The growth of the mobile satellite services market is expected to be propelled by the expanding activities in oil and gas exploration. Oil and gas exploration involves the search for underground or underwater reservoirs of oil and natural gas, driven by economic, technological, and geopolitical factors to meet global energy demands. Mobile satellite services play a crucial role in supporting oil and gas exploration activities by providing reliable communication, data transmission, logistics assistance, and environmental monitoring in remote and challenging environments. According to reports shared by the US-based Energy Information Administration (EIA) in December 2022, both US oil and natural gas production increased in 2021, highlighting the significance of the industry. Oil production rose from 11.2 million barrels per day (b/d) in 2020 to 11.6 million b/d in 2021, while natural gas production increased from 112.6 billion cubic feet per day in 2020 to 118.7 billion cubic feet per day in 2021. The expansion of oil and gas exploration activities is a key driver for the growth of the mobile satellite services market.

Leading companies in the mobile satellite services industry are adopting strategic partnerships to enhance connectivity, particularly in remote and rural areas where terrestrial infrastructure is insufficient. Strategic partnerships involve companies leveraging each other's strengths and resources to achieve mutual benefits and success. An example is the partnership between Spark New Zealand, a telecommunications company, and Lynk Global, a developer of satellite-to-mobile-phone satellite constellations. This partnership aims to launch a satellite-to-mobile service, enhancing connectivity for customers, addressing challenges, capitalizing on opportunities, and establishing leadership in innovative connectivity solutions for the New Zealand market.

In May 2023, Viasat Inc., a US-based communications company, made a significant move in the mobile satellite services market by acquiring Inmarsat Global Ltd. for $7.3 billion. This acquisition is expected to create a stronger and more innovative player in the satellite communications industry, offering expanded services and improved capabilities to a broader customer base. The acquisition of Inmarsat Global Ltd., a UK-based satellite telecommunications company, positions Viasat Inc. to capitalize on new revenue and growth opportunities in the evolving market.

Major companies operating in the mobile satellite services market report are Ericsson AB, Telstra Corporation Limited, Singapore Telecommunications Limited., Viasat Inc., Intelsat SA, SES S.A., EchoStar Corporation, Hughes Network Systems, AI Yah Satellite Communications company P.J.S.C, Inmarsat plc, Eutelsat Communications S.A., Telesat Canada, Iridium Communications Inc., Telespazio S.p.A., Comtech Telecommunications Corporation, Orbcomm Inc., Encompass Digital Media Inc., Speedcast International Limited, Globecast Asia Pte Ltd, Gilat Satellite Networks Ltd., Globalstar Inc., Avanti Communications Group plc, Ligado Networks LLC, Russian Satellite Communications Company (RSCC), MTN Satellite Communications Inc.

North America was the largest region in the Mobile Satellite Service market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile satellite services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mobile satellite services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Mobile satellite services (MSS) pertain to telecommunications offerings delivered through satellite systems that are purposefully designed for mobile users. These services provide mobile users in remote or challenging locations, where terrestrial networks may be unavailable or unreliable, with capabilities such as voice communication, data transfer, and messaging services.

The primary service categories include voice and data. Voice services involve the transmission of sound produced by humans or animals through vocal cords and the mouth, commonly used for communication purposes. These services find application in diverse areas, including land mobile satellite service, aeronautical mobile satellite service, and maritime mobile satellite service. Industries such as oil and gas, media and entertainment, transportation, aviation, defense, automation, government, and others utilize these voice services for their communication needs.

The mobile satellite services market research report is one of a series of new reports that provides mobile satellite services market statistics, including mobile satellite services industry global market size, regional shares, competitors with a mobile satellite services market share, detailed mobile satellite services market segments, market trends and opportunities, and any further data you may need to thrive in the mobile satellite services industry. This mobile satellite services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The mobile satellite services market includes revenues earned by entities by services such as voice communication, asset tracking and monitoring, date usage fees, value-added services, and broadcasting services. The market value includes the value of related goods sold by the service provider or included within the service offering. The mobile satellite service market also consists of sales of products such as satellite phones, satellite internet modems, satellite data terminals, satellite tracking devices, and satellite TV receivers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.


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