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The global mobile satellite services market is anticipated to reach USD 5.53 billion by 2024LONDON, Jan. 8, 2018 /PRNewswire/ -- Mobile Satellite Services Market Size and Forecast, By Service (Data, Voice), By Application (Maritime, Aviation, Land), By End-Use (Defense, Government, Transportation, Mining, Oil & Gas), And Trend Analysis, 2014 - 2024 North America held the significant share in 2016 by contributing to over 30% of the overall market share due to the extensive usage of the technology. However, Asia Pacific is expected to witness a lucrative growth due to the increasing use of satellite devices in the defense, government and transportation applications. The launch of 104 satellites by ISRO in February 2017 along with the future planning of more number of a satellite launched is expected to provide an opportunity for growth of the market over the projected period. The market is consolidated with the presence of a limited number of players. Majority of the global companies implement strategies of acquiring the leading domestic players to increase their production capacity and expand their presence in different regions. For instance, EchoStar Corp. acquired Solaris Mobile Ltd., an MSS operator based out of Dublin, Ireland in January 2014. The leading players operating in the mobile satellite services include Inmarsat plc., Globalstar, Iridium Communications Inc., Thuraya Telecommunications Company, EchoStar Corporation, INTELSAT, ORBCOMM, ViaSat Inc., Singtel, and Telstra. Download the full report: https://www.reportbuyer.com/product/5205117 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/the-global-mobile-satellite-services-market-is-anticipated-to-reach-usd-553-billion-by-2024-300578414.html SOURCE ReportBuyer |