The Latin America, Middle East and Africa Mobile Satellite Services Market would witness market growth of 8.4% CAGR during the forecast period (2023-2029).
Businesses operating in remote areas of the region can use fixed and mobile phone services that deliver the necessary voice calls and texting. These voice services are usable on land, at sea, and in the air. They use cutting-edge satellite communications networks that provide crystal-clear speech quality and less call dropout. In addition, government organizations can use voice mobile satellite services to effectively manage coast guards and forest rangers and enable them to assist citizens on the borders and islands. During natural disasters, this is essential.
Despite being a mobile-to-mobile feature, MSS provides voice & data services with thorough coverage of distant regions, such as in deserts, during flights, or when at sea. These services use satellites between mobile terminals to implement communications and network connectivity. Additionally, MSS is accessible to land users and maritime users wherever they are present and need fast infrastructure setup for long-distance transportable telephony. These services are frequently transmitted using satellite phones connected to orbiting satellites rather than through terrestrial locations. Based on the MSS system's design, the satellite coverage could encompass the entire world or just a particular region.
The UAE spends roughly 5.6% of its GDP on the armed forces. The UAE invested $19.8 billion in defense spending in 2020. The UAE also exhibits at numerous significant international defense expos to attract new technologies and investors for their military. Since the UAE is a technical hub, it can create drone systems that eventually contribute to its drone build-up. Additionally, it is known that the UAE imports drones from several other countries. The regional market is therefore expected to expand in this region.
The Brazil market dominated the LAMEA Mobile Satellite Services Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $161.8 Million by 2029. The Argentina market would experience a CAGR of 9% during (2023 - 2029). Additionally, The UAE market is anticipated to grow at a CAGR of 8.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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