With a market size valued at $ 6.3 billion by 2026, this is a stable outlook for the global mobile satellite services market.

SAN FRANCISCO, 21 October 2021 / PRNewswire / – New Market Research Published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Mobile Satellite Services – Global Market Trajectory & Analytics” . The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.

Global Mobile Satellite Services Market

Editing: 8; Posted: April 2021
Executive pool: 1429
Companies: 15 – Players covered include EchoStar Corporation; Ericsson AB; Globalstar, Inc .; Inmarsat plc; Intelsat SA; Iridium Communications, Inc .; ORBCOMM, Inc .; Singapore Telecommunications Limited (Singtel); Telstra Corporation Ltd .; Teslacom; Thuraya Telecommunications Company; ViaSat, Inc. and others.
Blanket: All major geographies and key segments
Segments: End use (oil and gas, media and entertainment, mining, military and defense, government (disaster management), transport, other end uses); Type of service (data services, voice services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.

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Global Mobile Satellite Services Market to Reach $ 6.3 billion by 2026
In the midst of the COVID-19 crisis, the global market for mobile satellite services is estimated at US $ 4.4 billion in 2020, is expected to reach a revised size of 6.3 billion US dollars by 2026, with a CAGR of 6% over the analysis period. Data services, one of the segments analyzed in the report, is expected to register a CAGR of 6.7% and reach 4.8 billion US dollars at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the voice services segment is readjusted to a revised CAGR of 4.4% for the next 7-year period.

The US market is estimated at $ 1.4 billion in 2021, when China is expected to reach $ 1.1 billion by 2026
The market for mobile satellite services in the United States is estimated at 1.4 billion US dollars in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 1.1 billion by 2026, with a CAGR of 5.6% over the analysis period. Other notable geographic markets include Japan and Canada, each forecasts growth of 5.8% and 4.8% respectively during the analysis period. In Europe, Germany is expected to grow at around 4.9% CAGR. Following

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