With Market Size Valued at $6.3 Billion by 2026, it`s a Stable Outlook for the Global Mobile Satellite Services Market

SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Mobile Satellite Services - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 8; Released: 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.; Tesacom; Thuraya Telecommunications Company; ViaSat, Inc. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Oil & Gas, Media & Entertainment, Mining, Military & Defense, Government (Disaster Management), Transportation, Other End-Uses); Service Type (Data Services, Voice Services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Mobile Satellite Services Market to Reach $6.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Mobile Satellite Services estimated at US$4.4 Billion in the year 2020, is projected to reach a revised size of US$6.3 Billion by 2026, growing at a CAGR of 6% over the analysis period. Data Services, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$4.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Voice Services segment is readjusted to a revised 4.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.4 Billion in 2021, While China is Forecast to Reach $1.1 Billion by 2026
The Mobile Satellite Services market in the U.S. is estimated at US$1.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2026 trailing a CAGR of 5.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.