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Research and Markets: Global Mobile Satellite Services Market 2014-2018: Key Vendors Include Globalstar, Inmarsat, Iridium Communications, Orbcomm & Thuraya Satellite TelecommunicationDUBLIN --(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/xh8c9f/global_mobile) has announced the addition of the "Global Mobile Satellite Services Market 2014-2018" report to their offering. The Global Mobile Satellite Services market to grow at a CAGR of 7.39% over the period 2013-2018 Mobile satellite services refer to the provision of telecommunication services with the use of satellites. Mobile satellite services facilitate mobile communication beyond the range constraints of terrestrial wireless systems. This makes the provision of mobile-to-fixed and mobile-to-mobile voice and data communications possible using ground facilities, geostationary (GEO) satellite networks, and low earth orbit (LEO) satellites. However, due to their limited availability, high cost, and increased complexity, the availability of mobile satellite services is limited to the Domestic or Non-business market. Hence, these services are mostly used for sophisticated communication applications and for serving ertain niche sectors such as Maritime, Aviation, and Government. One key trend emerging in this market is the increased demand for mobile satellite services in emergency situations, which are very reliable source of communication during emergencies for natural disaster management. According to the report, one of the main drivers in this market is the increased demand for broadband mobile satellite services. Global mobile satellite service providers are witnessing significant revenue growth from their data services. Operators are now focusing on offering broadband services to meet the high demand for data and IP-based services. Further, the report states that one of the major challenges in this market is the requirement for high initial investment for the development, launch, and insurance of satellites, which acts as a barrier for the entry of new players into the market. In addition, the return on investment is prolonged. Key Vendors
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