The mobile satellite services market is recognized by moderate competition due to huge capital investment. The competition is based on performance, reliability, product features, quality, and innovation.
For instance, Newtec Inc. launched MCX 7000 multi carrier satellite gateway for advance end-to-end primary destitution system on May 2017, which is prominent innovation in satellite technology.
The increase in demand for mobility, rise in integration between mobile and satellite technology, and advancement in digital technology majorly drive the mobile satellite services market growth.
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However, low available bandwidth and poor quality of voice and data in inadequate signal conditions, and increase in government regulations on the use of satellite technology restrict the market growth.
Growth in trend of Internet of Things (IoT), allocation of additional bandwidth for MSS, and increase in competition in the Internet service market create abundant growth opportunities. However, lack of assurance for the reliability of MSS over different regions is the key challenge for MSS market growth.
The global mobile satellite services market is segmented by service, access type, industry vertical, and region. Based on service, it is divided into video, voice, and data service. The access type is further classified into land, air, and maritime access.
Based on industry vertical, it is categorized into banking, financial, and insurance (BFSI); aerospace & defense; healthcare; public sector; IT & telecom; retail; and others. Based on geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive mobile satellite services market analysis and profiles of the major market players profiled in the report include Ericsson Inc., Globalstar, Inc., Inmarsat Holdings Limited., Iridium Communications, Inc., Orbcomm Inc., Echostar Corporation., Intelsat General Corporation., Singtel Ltd., VirSat Inc., and Telstra Corporation Limited.
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