The Asia Pacific Mobile Satellite Services Market would witness market growth of 7.1% CAGR during the forecast period (2023-2029).
Mobile satellite services (MSS) market expansion is anticipated to be primarily fueled by ongoing advancements in digital technology. The focus on data applications and services will also increase, which will help the market expand. Applications like telephony, weather forecasting, navigation, and space exploration can all find space using MSS. Additionally, the expansion of technical innovations such as 4G and 5G mobile networks and next-generation satellite capabilities will propel market expansion during this forecast period.
The MSS frequency channels were previously separate from the terrestrial cellular bands because mobile users need dual frequency band devices or two separate handsets. During the past few years, various system planners have suggested using portions of the MSS frequency bands for terrestrial cellular and satellite communications. This would simplify the handsets and ensure that the same service provider always provides the user's service.
The Indian defense industry is trying to make its armed forces among the most technologically advanced in the world. The Indian military is set to transform due to using artificial intelligence (AI)-based technologies, which would also help India compete in the massive defense products market. Policies, a designated budget, and change policies in India are fostering an environment for cutting-edge cooperation and innovation. Innovative technological products that utilize AI in logistics, surveillance weapons, data, etc., have been made possible due to the collaborative efforts of the industry (private and public), start-ups, research organizations, entrepreneurs, and academic institutions. Therefore, the expansion of the regional market is predicted to be supported by all of these factors.
The China market dominated the Asia Pacific Mobile Satellite Services Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $720.5 Million by 2029. The Japan market is exhibiting a CAGR of 6.4% during (2023 - 2029). Additionally, The India market would witness a CAGR of 7.7% during (2023 - 2029).
Based on Type, the market is segmented into Data and Voice. Based on Application, the market is segmented into Land Mobile, Aviation & Aeronautics, Maritime and M2M Services. Based on End User, the market is segmented into Defense & Intelligence, Government, Industrial, and Enterprise. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Mobile Satellite Services Market is Projected to reach USD 8.6 Billion by 2029, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Viasat, Inc., Hughes Network Systems, LLC (EchoStar Corporation), Thuraya Telecommunications Company PJSC (Al Yah Satellite Communications Company PJSC) (Mamoura Diversified Global Holding PJSC), Iridium Communications Inc., Telefonaktiebolaget LM Ericsson, Inmarsat Global Limited (Connect Bidco Limited), Orbcomm, Inc. (GI Partners L.P.), Telstra Corporation Limited, Telesat Corporation, and Speedcast International Limited.
By Type
By Application
By End User
By Country
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