Mobile Satellite Phone Market Report
Mobile Satellite Phone Market by Type (GEO and LEO), Application (Government, Energy, Aerospace & Defense, Maritime, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019-2027
pandemic has shown to have an enormous impact
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Impact of covid-19 on Mobile Satellite Phone Market
The global mobile satellite phone market forecast is predicted to reach of $5,262.1 million by 2027, increasing from $3,820.0 million in 2019 at a healthy CAGR of 4.0%. The Asia-Pacific mobile satellite phone market is estimated to grow at a CAGR of 4.6% by registering a revenue of $1,461.3 million by 2027. Strategic collaborations among various market players along with the launch of advanced mobile satellite phones are expected to accelerate the Asia-Pacific mobile satellite phone market growth.
Mobile Satellite Phone Market Analysis:
The mobile satellite phones are a type of satellite phone used for satellite communication in emergency situation such as disasters where existing mobile networks become non-functional. It is mostly used for military, rescue missions, natural disasters and public safety.
Impact Analysis of COVID-19 on the Mobile Satellite Phone Market
The global mobile satellite phone market is predicted to witness moderate growth during the pandemic. The COVID-19 pandemic impacted several industries, resulting in factory shutdowns and disruption of supply chains. To mitigate the effect of the pandemic on the mobile satellite phone market, several market players concentrated their effort on product developments and strategic alliances. Several of these efforts were successful. On Oct 2020, Iridium Communications Inc. announced that they experienced a 26% hike in subscription rate during the pandemic. Such key factors are predicted to also generate investment opportunities in the mobile satellite market in the near future.
Dominance of satellite phones over cellular phones during emergency has fueled the growth of the market
The mobile satellite phone industry may witness a massive growth during the forecast period mainly because of the increase in adoption of mobile satellite phones in the emergency conditions such as natural or human made disasters, in defense mission for communicating with team during emergency. Satellite phones are used mainly during lack of existing communication networks for coordinating with rescue people under extreme climate conditions such as hurricanes, tornadoes, floods, volcanic eruptions, earthquakes, tsunamis. Moreover, latest models of satellite phones are much lighter, smaller, and have better functions such as it is not limited to geographical locations and they do not rely on towers for communication. Also, they have better geographic networks than landline and cellular phones. These factors will accelerate the demand for innovative solutions for mobile satellite phone, which may drive the global mobile satellite phone market during the forecast period.
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Stringent regulatory standards for satellite phones may restrain the growth of the global mobile satellite phone industry
The key factor that can restrain the market of mobile satellite phone globally is the vast stringent regulations laid out by the government such as satellite phones being banned in many countries such as India and Bangladesh. Also, there are certain standards set by governments while manufacturing the mobile satellite phones such as the International Electrochemical Commission 62262 (IEC 62262)/ European Standard EN 62262. Such factors are expected to create a negative impact on the mobile satellite phone market during the forecast period.
Technological innovations in satellite phones are anticipated to create attractive opportunities for key players of market
Increase in demand for smart satellite phones such as normal android phones that can work both as satellite phone and normal phones will expected to increase the demand for mobile satellite phones. Moreover, key and innovative market players in the mobile satellite phone market are following various effective strategies in order to grow in the international market. For instance, on November 2018, Thuraya Telecommunications, a United Arab Emirates based mobile satellite company announced that they launched satellite smartphone, X-5 Touch, a smart satellite phone with android operating system with a large display screen as compared to other traditional satellite phones. All such factors will offer huge growth opportunities in mobile satellite phones industries in upcoming years.
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Mobile Satellite Phone Market, by Type:
The GEO sub-segment is predicted to generate a revenue of $3,453.90 million by 2027.
Source: Research Dive Analysis
The global mobile satellite phone market is segmented on the basis of type into GEO and LEO satellite type. GEO type sub-segment is expected to experience a dominant as well as fast growth. It is anticipated to generate a revenue of $3,453.9 million by 2027, growing from $2,583.9 million in 2019. The growth of the GEO sub-segment is mainly due to descended hassles of direction adjustments to procure a strong communication network. Moreover, GEO satellites are positioned at higher altitudes to view and scan larger sections of the earth. With less directional adjustments and large areas under coverage the satellites receive signals from geostationary satellite with ease. Moreover, the enormous growth of mobile satellite phone market is mainly attributed to the extensively increasing use of mobile satellite phone among multiple industries, and growing emphasis on the development of advanced mobile satellite phone may drive the growth of sub-segment in upcoming years.
Mobile Satellite Phone Market, by End-Use:
The global maritime sub-segment for mobile satellite phone market is predicted to have the fastest and highest growth; this is mainly because in maritime, there is no signals between the sea and they need satellite phones for communication
Source: Research Dive Analysis
The maritime sub-segment of the mobile satellite phone market will have the fastest growth as well as a dominant market share and it is projected to surpass $1280.4 million by 2027 with a CAGR of 3.7% with an increase from $952.9 million in 2019. The growth is due to increasing demand of mobile satellite phones in maritime sector due to the lack of network connection under the water. Communication with teams for rescue operations or any other emergency is highly essential in the maritime sector. Moreover, there are many businesses that are adopting voice satellite services for ensuring continuous and uninterrupted communications for crews in construction, tourism, fishery, mining, and transport industries. All the above stated factors demonstrate that the demand for innovative maritime solutions will increase and further boost the market for mobile satellite phones.
North America region has a lucrative market and it may reach up to $1,621.2 million by the end of 2027 mainly because of the presence of industry players and their heavy investments to enhance the application of mobile satellite phone in defense missions.
Source: Research Dive Analysis
The North America mobile satellite phone market accounted for $1,257.2 million in 2019 and is projected to register a revenue of $1,621.2 million by 2027. The huge growth of the North America mobile satellite phone market is mainly driven by key factors such as massive investments by market players. For instance, in 2017, SES Government Solutions Inc., an U.S based provider of satellite solution, announced that they have received a contract called complex commercials satellite communication solution contract (CS3) from Future Satellite Communications Service Acquisition (FCSA) program in U.S. Such factors will allow the U.S. Government to take benefits of innovative offerings that include high connectivity for multi-orbit satellite fleet. Such initiatives and companies investing across the region are predicted to positively drive the demand for mobile satellite phone in the region during the analysis period.
Competitive Scenario in the Global Mobile Satellite Phone Market:
The advanced product development coupled with mergers& acquisitions are the frequent strategies followed by the significant market players
Source: Research Dive Analysis
Some of the leading mobile satellite phone market players are Globalstar, Ericsson, Inmarsat, Iridium Communications Inc., Thuraya Telecommunications, EchoStar Corporation, Intelsat, AT&T, PKI Electronic Intelligence GmbH and Telstramobile satellite phonesmarket players are focusing on merger & acquisition and advanced product developments. These are the effective strategies followed by start-ups as well as established organizations.
Porter’s Five Forces Analysis for Mobile Satellite Phone Market:
- Bargaining Power of Suppliers: The mobile satellite phone service suppliers are high in number with a large and globalized reach. So, there will be less threat from the supplier. Thus, the bargaining power of the supplier is low.
- Bargaining Power of Buyer: Buyers will have high bargaining power, significantly because of multiple players operating in the mobile satellite phone services. The mobile satellite phone providers offer multiple mobile satellite phones with popular brands at an affordable price. The buyers can freely choose the convenient service that best fits their preferences. Thus, the bargaining power of the buyer is high.
- Threat of New Entrants: The companies that are already in the mobile satellite phone market are globalized and also they are supported by government in some countries. Thus, threat of the new entrants is low.
- Threat of Substitutes: There are very less substitutes available in the market in place of mobile satellite phones, as they offer communication in all geographical areas. Thus, the threat of substitutes is Low
- Competitive Rivalry in the Market: The competitive rivalry among the industry leaders is rather intense, especially between the global players including Globalstar, and Ericsson. These companies are launching their value-added services in the international market and strengthening the footprint worldwide. Therefore, the competitive rivalry in the market is High
Historical Market Estimations
Base Year for Market Estimation
Forecast timeline for Market Projection
North America, Europe, Asia-Pacific, LAMEA
Segmentation by Application
Key Countries Covered
U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, China, Japan, India, Australia, South Korea, Rest of Asia-Pacific, Brazil, Saudi Arabia, United Arab Emirates, Rest of LAMEA
Key Companies Profiled
Q1. What is the size of the global application security market?
A. The global application security market size was over $2994.0 million in 2019 and is projected to reach $9779.8 million by 2027.
Q2. Which are the major companies in the application security market?
A. IBM, Cisco Systems, and WhiteHat Security, Inc. are some of the key players in the global application security market.
Q3. Which region possesses greater investment opportunities in the coming future?
A. The Asia Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What is the growth rate of the North America Application Security Market?
A. Asia Pacific application security market is anticipated to grow at 16.9% CAGR during the forecast period.
Q5. What are the strategies opted by the leading players in this market?
A. Technological development and strategic partnerships are the key strategies opted by the operating companies in this market.
Q6. Which companies are investing more on R&D practices?
A. Hewlett Packard Enterprise Development LP and Cisco Systems companies are investing more on R&D activities for developing new products and technologies.
1.2.Real time insights and validation
1.4.Assumptions and forecast parameters
2.2.By Type trends
2.3.By Application trends
3.1.Market segmentation & definitions
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.8.2.by Application type
3.9.Market value chain analysis
3.9.1.Stress point analysis
3.9.2.Raw material analysis
3.9.4.Distribution channel analysis
188.8.131.52.Raw material suppliers
4.Mobile Satellite Phone Market, by Type
4.1.1.Market size and forecast, by region, 2019-2027
4.1.2.Comparative market share analysis, 2019 & 2027
4.2.1.Market size and forecast, by region, 2019-2027
4.2.2.Comparative market share analysis, 2019 & 2027
5.Mobile Satellite Phone Market, by Application
5.1.1.Market size and forecast, by region, 2019-2027
5.1.2.Comparative market share analysis, 2019 & 2027
5.2.1.Market size and forecast, by region, 2019-2027
5.2.2.Comparative market share analysis, 2019 & 2027
5.3.Aerospace and defense
5.3.1.Market size and forecast, by region, 2019-2027
5.3.2.Comparative market share analysis, 2019 & 2027
5.4.1.Market size and forecast, by region, 2019-2027
5.4.2.Comparative market share analysis, 2019 & 2027
5.5.1.Market size and forecast, by region, 2019-2027
5.5.2.Comparative market share analysis, 2019 & 2027
6.Mobile Satellite Phone Market, by Region
6.1.1.Market size and forecast, by Type, 2019-2027
6.1.2.Market size and forecast, by Application, 2019-2027
6.1.3.Market size and forecast, by country, 2019-2027
6.1.4.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Type, 2019-2027
220.127.116.11.Market size and forecast, by Application, 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Type, 2019-2027
126.96.36.199.Market size and forecast, by Application, 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Type, 2019-2027
220.127.116.11.Market size and forecast, by Application, 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
6.2.1.Market size and forecast, by Type, 2019-2027
6.2.2.Market size and forecast, by Application, 2019-2027
6.2.3.Market size and forecast, by country, 2019-2027
6.2.4.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Type, 2019-2027
126.96.36.199.Market size and forecast, by Application, 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Type, 2019-2027
220.127.116.11.Market size and forecast, by Application, 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Type, 2019-2027
126.96.36.199.Market size and forecast, by Application, 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Type, 2019-2027
220.127.116.11.Market size and forecast, by Application, 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Type, 2019-2027
126.96.36.199.Market size and forecast, by Application, 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
6.2.10.Rest of Europe
184.108.40.206.Market size and forecast, by Type, 2019-2027
220.127.116.11.Market size and forecast, by Application, 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
6.3.1.Market size and forecast, by Type, 2019-2027
6.3.2.Market size and forecast, by Application, 2019-2027
6.3.3.Market size and forecast, by country, 2019-2027
6.3.4.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Type, 2019-2027
126.96.36.199.Market size and forecast, by Application, 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Type, 2019-2027
220.127.116.11.Market size and forecast, by Application, 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Type, 2019-2027
126.96.36.199.Market size and forecast, by Application, 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
6.3.8.Rest of Asia Pacific
184.108.40.206.Market size and forecast, by Type, 2019-2027
220.127.116.11.Market size and forecast, by Application, 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
6.4.1.Market size and forecast, by Type, 2019-2027
6.4.2.Market size and forecast, by Application, 2019-2027
6.4.3.Market size and forecast, by country, 2019-2027
6.4.4.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Type, 2019-2027
126.96.36.199.Market size and forecast, by Application, 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
184.108.40.206.Market size and forecast, by Type, 2019-2027
220.127.116.11.Market size and forecast, by Application, 2019-2027
18.104.22.168.Comparative market share analysis, 2019 & 2027
22.214.171.124.Market size and forecast, by Type, 2019-2027
126.96.36.199.Market size and forecast, by Application, 2019-2027
188.8.131.52.Comparative market share analysis, 2019 & 2027
7.1.4.Recent strategic moves & developments
7.2.4.Recent strategic moves & developments
7.3.4.Recent strategic moves & developments
7.4.Iridium Communications Inc.
7.4.4.Recent strategic moves & developments
7.5.4.Recent strategic moves & developments
7.6.4.Recent strategic moves & developments
7.7.4.Recent strategic moves & developments
7.8.4.Recent strategic moves & developments
7.9.PKI Electronic Intelligence GmbH
7.9.4.Recent strategic moves & developments
7.10.4.Recent strategic moves & developments
Satellite phone is a telephone or mobile phone that has the ability to connect to orbiting satellites through radio signals. Satellite phones are similar to terrestrial mobile phones as they can connect to voice and short messaging service (SMS) as well as low bandwidth internet access. The advantage of a satellite phone is that its use is not restricted to the areas covered by cell towers. Satellite phones are specifically used for rescue missions, military purposes, mitigation of natural disasters, and public safety, and can be used in all or most terrestrial locations on the Earth’s surface. The newer models of satellite phones are also lighter, smaller, and provide better functionalities & features than ordinary mobile phones.
Impact of COVID-19 on the Industry
The outbreak of COVID-19 has had a restraining impact on the global mobile satellite phone market in 2020. This is mainly due to the lockdown restrictions that resulted in complete shutdown of factories and disruption in supply chains. However, many key players of the market took initiatives to sustain during the COVID-19 pandemic. For instance, in July 2020, Blue Sky Network, a global satellite technology company and an Iridium Satellite Communications partner, announced the launch of the first & only protected docking station, ‘9575A Docking Station,’ for the ‘Iridium 9575A satellite phone.’ The Iridium 9575A is the only commercial mobile satellite phone that has the capability for Type I encryption accredited by the U.S. NSA (National Security Agency) for top secret voice communications. Thus, initiatives taken by key players is expected to help the market witness a rise in the growth rate during the forecast period.
Key Developments in the Industry
The leading companies operating in the global industry are adopting various growth strategies and business tactics such as partnerships, technological advancements, and product launches to acquire a leading position in the global market. These innovative strategies are estimated to consequently contribute to the growth of the mobile satellite phone market in the coming future. For instance, in April 2018, Thuraya Telecommunications Company, a UAE-based regional mobile-satellite service provider, announced the launch of the world’s first satellite smartphone, ‘Thuraya X5-Touch’ during a conference in Dubai. The Thuraya X5 has a 5.2” full HD touchscreen and it runs on the Android Operating System. It targets users who frequently move in & out of terrestrial coverage across a range of market sectors including energy projects, government missions, NGO deployments, and enterprise communications.
Forecast Analysis of Global Mobile Satellite Phone Market
The global mobile satellite phone market is anticipated to observe a striking growth over the forecast period due to continuous technological innovations & advancements in satellite phones by key market players. Conversely, mobile satellite phone companies have to follow the stringent regulatory standards, such as the International Electrochemical Commission 62262 (IEC 62262)/ European Standard EN 62262 while manufacturing of the satellite phone. This factor is predicted to hinder the market growth in the projected timeframe.
The rising adoption of mobile satellite phones is due to their ability to cater as a strong communication network during emergency situations, for co-ordination to help & rescue people stuck in extreme climatic conditions or manmade and natural disasters. This is the major factor predicted to foster the growth of the global market in the forecast period. According to the latest report published by Research Dive, the mobile satellite phone market is expected to garner $5,262.1 million during the forecast period (2020-2027). Geographically, the North America region is estimated to witness a significant growth in the projected timeframe, owing to huge investments by market players to enhance the application of mobile satellite phone in defense missions and public safety. The key players functioning in the global market include Globalstar, Inmarsat, Ericsson, Iridium Communications Inc., EchoStar Corporation, Thuraya Telecommunications, Intelsat, PKI Electronic Intelligence GmbH, AT&T, and Telstra.
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