Market Analysis
The mobile satellite services market will touch USD 6,551.8 million at a 7.3% CAGR between the forecast period 2020- 2026, states the recent Market Research Future (MRFR) analysis. Mobile satellite service or MSS is a telecom service offered to mobile users through satellite technology for establishing communication between mobile devices or portable terminals.
Various factors are propelling the global mobile satellite services market share. According to the recent MRFR market estimates, such factors include growing demand for mobility, increase in integration between satellite and mobile technology, advances in digital technology, increasing trend of IoT, rise in competition, allocation of additional bandwidth for mobile satellite services, growing demand for mobility, and growing integration between satellite and mobile technology. Additional factors adding market growth include increasing advances in digital technology, growing awareness among users regarding the benefits of satellite services, and low transportation cost.
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Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global mobile satellite services market based on type, application, and sales channel.
By type, the global mobile satellite services market is segmented into broad MSS based, personal MSS, maritime MSS, land MSS, aeronautical MSS, and others. Of these, the land MSS segment will lead the market over the forecast period.
By application, the global mobile satellite services market is segmented into automotive, transportation, government (disaster management), aviation, military and defense, mining, media and entertainment, oil and gas, and others. Of these, the military and defense segment will dominate the market over the forecast period.
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