Key Trends Influencing Growth Prospects of Mobile Satellite Services Market

Aerospace and Defense Review | Wednesday, May 25, 2022

Natural disasters are notorious for losing nearly 60,000 lives per year across the world. In reality, disasters were responsible for nearly 0.1 percent of deaths over the last decade, highlighting the need for a remedy that could save countless lives while still alerting people.

Fremont, CA: The global mobile satellite services market is expected to experience tremendous growth in the coming years, owing primarily to increasing mobility demand and advancements in digital technologies. Not to mention, advances in satellite technology in tandem with the launch of high precision GPS systems, GNSS receivers, and sensors are expected to provide a significant boost to the global MSS market expansion.

Mobile satellite services are a network that offers two-way data and voice connectivity to users in remote locations around the world. Speaking of which, satellite communication satellites have captured a significant share of everyday life since emerging as an integral part of telecommunication networks, owing to their ability to provide a vast network reach, consistent efficiency, and improved usability in disaster response systems regardless of location.

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According to a recent survey, the mobile satellite services market is poised to grow dramatically in the coming years as a result of the following trends:

Utilization of Mobile Satellite Services in Emergency Situations

Natural disasters are notorious for losing nearly 60,000 lives per year across the world. In reality, disasters were responsible for nearly 0.1 percent of deaths over the last decade, highlighting the need for a remedy that could save countless lives while still alerting people.

In this regard, the rapid penetration of mobile satellite and cellular networks has aided the overall growth of the mobile satellite services industry. Satellite communication systems are the only communication networks that are impenetrable to disaster damage since the implementation of wireless types is the first step in emergency response. Furthermore, mobile satellite systems are being used across different economies to provide seismic data to government agencies to trigger early alerts prior to disasters.

Extensive Adoption of Mobile Satellite Services in Marine and Defense Sector

Mobile satellite networks are widely used in the maritime and defense industries. According to reports, these industries have seen a surge in demand for and adoption of MSS as a result of the launch of numerous cellular and satellite service systems.

In 2018, COMSAT, a telecommunications firm, announced a partnership with Iridium to provide stable global communications for military and government use. According to the agreement, COMSAT would exploit the advantages of the Iridium network, including services that cater to communications security requirements and on-the-move access for the US Department of Defense. Such efforts have strengthened the MSS market's business room around the electronics and medical fraternity.

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