Global Mobile Satellite Services Market to Reach USD 8.3 Billion by 2033, Impelled by Rising Penetration of Hi-Speed Internet

December 20, 2024 | Technology & Media

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The latest report by IMARC Group, titled “Mobile Satellite Services Market Report by Service Type (Voice Service, Data Service, Video Service), Application Type (Land, Air, Maritime), Industry Vertical (BFSI, Aerospace and Defense, Healthcare, Public Sector, IT and Telecom, Retail, and Others), and Region 2025-2033,” finds that the global mobile satellite services market size reached USD 5.3 Billion in 2024. Mobile satellite services (MSS) refer to telecom services providing voice, data, and internet services to mobile and fixed terminals, ships, aircraft, buildings, and land vehicles. They use satellite technology to establish communication between portable terminals or mobile devices. These services have wide coverage area, and can provide communication beyond the terrestrial-based wireless system. Besides this, MSS can also provide disaster relief telecommunications. Owing to these properties, they are widely adopted across the aerospace, maritime, automotive, and healthcare industries across the globe.

Global Mobile Satellite Services Market Trends:

The market is primarily driven by the rising penetration of high-speed internet and the growing prevalence of enhanced data and multimedia accessibility. Besides this, the increasing product adoption in forestry, mining, and oil and gas industries for voice communication, remote connectivity, and automated monitoring of equipment and hardware is also contributing to the market growth. In addition, military and defense personnel who travel or operate on land, sea or air are widely adopting MSS to get network accessibility in areas far from terrestrial or cellular coverage. This, coupled with the rising demand for low-earth orbit (LEO) satellites, is also creating a positive market outlook across the globe. Moreover, the advent of 5G mobile networks with next-generation satellite capabilities, rapid digitalization, and increasing partnerships among the leading players are some of the other factors augmenting the market growth. Looking forward, IMARC Group expects the market value to reach USD 8.3 Billion by 2033, exhibiting a CAGR of 4.77% during the forecast period (2025-2033).

Market Summary:

Based on the service type, the market has been segregated into voice, data, and video services.
On the basis of the application type, the market has been classified into land, air, and maritime.
Based on the industry vertical, the market has been segmented into BFSI, aerospace and defense, healthcare, public sector, IT and telecom, retail, and others.
On the geographical front, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has been examined in the report, with some of the key players being EchoStar Corporation, Globalstar Inc., Inmarsat, Intelsat S.A., Iridium Communications Inc., Orbcomm, Singtel, Telefonaktiebolaget LM Ericsson, Telstra Corporation Limited, Thuraya Telecommunications Company and Viasat Inc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Service Type, Application Type, Industry Vertical, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	EchoStar Corporation, Globalstar Inc., Inmarsat, Intelsat S.A., Iridium Communications Inc., Orbcomm, Singtel, Telefonaktiebolaget LM Ericsson, Telstra Corporation Limited, Thuraya Telecommunications Company and Viasat Inc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Mobile Satellite Services Market to Reach USD 8.3 Billion by 2033, Impelled by Rising Penetration of Hi-Speed Internet

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