LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global mobile satellite services (MSS) market report. This research report also lists 16 other prominent vendors that are expected to impact the market during the forecast period.
The global MSS market was valued at USD 3.32 billion in 2015 and will reach USD 4.84 billion by 2020, growing at a CAGR of 7.83%. The global MSS market will experience steady growth during the forecast period because of the growing adoption of satellite communication devices and services in emerging nations. In addition, the rapid adoption and use of satellite communication for disaster management in developed nations will enhance the market growth over the next few years. Satellite broadband services are in high demand as emergency applications require high-quality data services with a global coverage for enhanced safety features.
Competitive vendor landscape
Competition in the global mobile satellite services market is moderate due to the high initial investment required for new vendors entering the market. Vendors are competing in the market based on innovation, performance, product features, quality, and technology. Any advancement in a particular technology could make existing products obsolete. Vendors across the world are actively working to evolve and deploy their solution independently or with the help of channel partners to consolidate their market position. Therefore, to remain competitive in the market, vendors not only have to develop technologically but also have to follow the emerging technologies that could have an impact on their product lines.
“The key players in this market such as Inmarsat, Iridium Communications, Globalstar, and ORBCOMM find scope for launching new satellites and constellations with innovative capabilities to target diversified markets. The MSS market is still dominated by Inmarsat, Iridium Communications, and Thuraya,” says Rakesh Kumar Panda, a lead M2M and connected devices analyst from Technavio.
Companies operating in satellite market with the support of data aggregation capabilities can enter into this market, which further intensifies the market competition. It is also important for these companies to protect their patents and complex proprietary technology from destructions to improve the efficiency of business operations and focus on VAS revenues. Competition also rises from telecommunication service providers who deliver sophisticated two-way satellite-based data and voice communication services.
Request a sample report: http://www.technavio.com/request-a-sample?report=52803
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Top five mobile satellite services market vendors
Globalstar, is a US-based company that offers communication services through satellites. With the view to expand in the M2M and connected devices sector, the company announces the launch of SmartOne C (Simplex asset manager). The new SmartOne C is the enhanced version of existing SmartOne B and helps in providing connectivity for fixed as well as mobile assets such as transport trailers, shipping containers, vehicle fleets and construction machinery. The device helps in reporting asset status and monitoring faults and caters to industries such as aviation, alternative energy, multimodal, and military customers. It helps in leveraging the power of the IoT.
In June 2015, Inmarsat announced the signing of an agreement with World-Link Communications, a maritime satellite communications company. According to the agreement, the company will be the Partner for FleetBroadband, serving the maritime market throughout the world. Inmarsat will assist World-Link in strengthening its infrastructure and integrating with the Inmarsat network through major investment in building an Inmarsat Point-of-Presence.
Iridium Communications is a US-based company that offers mobile voice and data communications through satellites. The lines of business of the company include land-based handsets (have applications such as voice and data, mobile and remote office connectivity, public safety, and disaster relief and public telephone infrastructure), M2M (have applications such as fleet management, fixed asset monitoring, asset tracking, resource management, scientific data monitoring and personal tracking devices and location-based services), maritime (have application such as voice services, vessel management, procurement, and asset tracking and safety applications), aviation (have applications such as aviation operational communications, aviation passenger communications, air traffic control and safety applications) and government (caters for the mobile satellite communications services to the US government), and widely caters to the M2M and connected devices sector.
Signtel, the Singapore-based company that offers services such as mobile, fixed line, internet, TV, digital solutions, and ICT operates through segments such as group consumer, group enterprise and group digital life and widely caters to the M2M and connected devices sector.
The company has a strong business segment with a range of solutions for targeting the satellite sector across the world. It focuses on providing mobility solutions, security services, cloud services, digital media and collaboration solutions, M2M solutions, and consulting services.
The company has a broad portfolio of products, which it utilizes to target the customers from the satellite sector. Its key products include LiteDOCK Extreme Bundle, RemoteSat RST100B (SAP 117154) Fixed terminal, Grab n Go 9575 Handset Bundle, and accessories that complement Telstra Mobile Satellite experience with solar chargers, data kits, in-vehicle hands-free kits, and antennas.
Browse Related Reports:
- Global Satellite Ground Station Equipment Market 2016-2020
- Global Distributed Antenna Systems Market 2016-2020
- Global Advanced Extremely High-Frequency Systems Market 2016-2020
Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact firstname.lastname@example.org with your requirements and our analysts will be happy to create a customized report just for you.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at email@example.com.