Mobile Satellite Phone Market Growth, Key Manufacturers and Industry Demand Analysis to 2028

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Shibuya Data Count

Jan 17, 2022, 00:09 EST

Shibuya-ku, Tokyo, Japan, Japan, Jan 17, 2022, 00:09 /Comserve / -- The global mobile satellite phone market is expected to register a revenue of $5,262.1 million by 2027 increasing from $3,820.0 million in 2019 at a healthy CAGR of 4.0%.

Impact Analysis of COVID-19 on the Mobile Satellite Phone Market:

The outbreak of COVID-19 pandemic has created a moderate impact on the global market for mobile satellite phone. Various market players of the mobile satellite phone market are incorporating development strategies like launching new products throughout the COVID-19 pandemic. For instance, in April 2020, Inmarsat Global Limited, a UK based mobile satellite communications company, announced that they have deployed IsatPhone 2 satellite phones to assist the National Institute for Disaster Management (INGC), India for the coordination of the country’s response to COVID-19. Moreover, companies like Iridium Communications Inc., American company, specializes in satellite communication solution, on Oct 2020, they announced that they have experience a hike of 26% in business in pandemic times. Such type of factors are further anticipated to create lucrative opportunities for the mobile satellite phone market post the COVID-19 outbreak settles.

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Mobile Satellite Phone Market:

Demand for mobile satellite phones is increasing as the devices have a potential to be used in the defense sector for emergency circumstances in absence of all other mobile networks. Mobile satellite phones are also supported by several government bodies such as in North America. For instance, in June 2018, U.S Air Force, announced that they have awarded an amount of $130 million to SpaceX, America based aerospace and space transportation services company, for launching 52 satellites in 2020 of Air Force Space Command Satellite (AFSPC). Such key aspects are anticipated to drive the demand for innovative solutions in mobile satellite phones, which may further bolster the global mobile satellite phones market, in the review period.

However, the lack of security presence and banning of the use of satellite phones in several countries is expected to restraint the growth of the global market.

The mobile satellite phone industry is growing at a fast pace owing to the enormous increase in the use of mobile satellite phones.

Moreover, hybrid mobile satellite phones that can function dually as satellite phones and smart phones are seeing an increase in their demand as they save the cost of buying two phones for the consumers. Such type of factors may create vast opportunities for the market in the upcoming years.

Depending on the type, the market is classified into GEO and LEO satellite phone. GEO sub-segment for mobile satellite phone may have rapid and leading growth and it is expected to register a revenue of $3,453.9 million by 2027 over the forecast period.

On the basis of application, the global market is broadly categorized into government, energy, aerospace and defense, maritime, and others. The maritime sub-segment of the global mobile satellite phone market shall have fast growth and a massive market share and it is further expected to cross $1280.4 million by 2027, with a surge from $952.9 million in 2019.

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The North America mobile satellite phone market was valued at $1,257.2 million in 2019 and is projected to register a revenue of $1,621.2 million by 2027.

Some of the key players involved in the mobile satellite phone market are Globalstar, Ericsson, Inmarsat, Iridium Communications Inc., Thuraya Telecommunications, EchoStar Corporation, Intelsat, AT&T, PKI Electronic Intelligence GmbH, and Telstra.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Lauren Brown

Shibuya Data Count
Tel: + 81 50 50509159

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