Satellite Device Services Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global satellite device services market size was valued at USD 4,335.6 Million in 2020 and is projected to reach USD 5,900.6 Million by 2027 growing at a CAGR of 6.2% from 2021 to 2027.
The primary factors, driving the worldwide satellite device services market growth, are technological advancements and continuous innovations in the testing methods used for drug screening and testing, and rigorous investments by major market players in research activities.
Market Dynamics
The satellite device services market is predicted to witness prospering growth during the analysis period. The increasing usage of satellite communication services for the internet of things (IoT) and in the disaster management areas are the factors expected to propel the satellite device services market growth in the predicted timeframe. Satellite device services can find space for a wide range of applications, including weather prediction, telecommunication, navigation, space exploration, and military intelligence. In addition, expanding 5G mobile networks with the next-generation capabilities of satellite helps the satellite device operators in playing an important role in the emerging 5G ecosystem. However, irregular changes in policies & regulations, and the vehicles for small satellites may hamper the satellite device services market growth in the near future.
Regional Overview
The North America region is cited as the prime contributor of the global satellite device services market growth, owing to the increased technological advancements and usage of modern communication technologies in the region. The end-users with increased usage of satellite data services in the North American region primarily include government agencies, space research organizations, military authorities, maritime authorities and the aviation sector. Moreover, rapid growth in infrastructure connectivity and issuance of command & instructions have been instrumental in this region, which is predicted to boost the regional market growth by 2027.
Segment Overview
The global satellite device services market can be segmented based on service type, application, and industry vertical. Based on service type, the voice segment is predicted to witness significant growth in the estimated timeframe. Based on application, the maritime segment is expected to observe robust growth. Based on industry vertical, the military & defense segment is expected to be most profitable during the forecast period.
Competitive Landscape
The Mobile Satellite Services market is a very competitive market structure comprising several prominent players vying for a majority stake in the market. The major players who dominate the market segment are looking for opportunities to expand and scale up their business to further their motive of incorporating newer technologies and thereby improving customer orientation and acquiring newer segments of consumers. Strategic decisions based on collusive agreements between different market players are leading to the formation of business cartels that are making the decisions on behalf of the existing market players. The major market players are also acquiring startups to improve product diversification and market outreach.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Ericsson Inc.
- Globalstar, Inc.
- Inmarsat Holdings Limited.
- Iridium Communications, Inc.
- Orbcomm Inc.
- Echostar Corporation
- Intelsat General Corporation
- Singtel Ltd.
- ViraSat Inc.
- Telstra Corporation Limited
- Intersputnik
- PCCW Global
- MEASAT
- SES S.A.
- Eutelsat Communications SA
- China Satellite Communications Co., Ltd.
Service Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Voice Service
- Video Service
- Data Service
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Air
- Land
- Maritime
Industry Vertical Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Media & Entertainment
- Oil & Gas
- Mining
- Aviation
- Military & Defense
- Transportation
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
TABLE OF CONTENT
1. Satellite Device Services Market Overview
1.1. Product Overview and Scope of Satellite Device Services
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Satellite Device Services Market Size Growth Rate Analysis by Service Type 2020 VS 2027
1.3.1. Voice Service
1.3.2. Video Service
1.3.3. Data Service
1.4. Global Satellite Device Services Consumption Comparison by Application: 2020 VS 2027
1.4.1. Air
1.4.2. Land
1.4.3. Maritime
1.5. Global Satellite Device Services Consumption Comparison by Industry Vertical: 2020 VS 2027
1.5.1. Media & Entertainment
1.5.2. Oil & Gas
1.5.3. Mining
1.5.4. Aviation
1.5.5. Aerospace & Defense
1.5.6. Transportation
1.5.7. Others
1.6. Global Satellite Device Services Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.6.1. North America Satellite Device Services Estimates
1.6.2. Europe Satellite Device Services Estimates
1.6.3. China Satellite Device Services Estimates
1.6.4. Japan Satellite Device Services Estimates
2. Market Competition by Manufacturers
2.1. Global Satellite Device Services Revenue Market Share by Manufacturers (2020)
2.2. Satellite Device Services Market Share by Company Application(Tier 1, Tier 2 and Tier 3)
2.3. Global Satellite Device Services Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Satellite Device Services Production Sites, Area Served, Service Types
2.5. Satellite Device Services Market Competitive Situation and Trends
2.5.1. Satellite Device Services Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Satellite Device Services Consumption by Region (2016-2021)
3.1. Global Satellite Device Services Consumption by Region
3.2. Global Satellite Device Services Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Satellite Device Services Consumption Growth Rate (2016-2021)
3.2.3. North America Satellite Device Services Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Satellite Device Services Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Satellite Device Services Consumption Growth Rate (2016-2021)
3.2.7. Europe Satellite Device Services Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Satellite Device Services Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Satellite Device Services Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Satellite Device Services Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Satellite Device Services Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Satellite Device Services Consumption Growth Rate (2016-2021)
3.2.15. South America Satellite Device Services Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Satellite Device Services Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Satellite Device Services Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Satellite Device Services Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Satellite Device Services Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Satellite Device Services Consumption by Service Type(2016-2021)
4.1. Global Satellite Device Services Price by Service Type(2016-2021)
4.2. Global Satellite Device Services Revenue Market Share by Service Type(2016-2021)
4.2.1. Voice Service
4.2.2. Video Service
4.2.3. Data Service
5. Global Satellite Device Services Consumption by Application(2016-2021)
5.1. Global Satellite Device Services Price by Application(2016-2021)
5.2. Global Satellite Device Services Revenue Market Share by Application(2016-2021)
5.2.1. Air
5.2.2. Land
5.2.3. Maritime
6. Global Satellite Device Services Consumption by Industry Vertical(2016-2021)
6.1. Global Satellite Device Services Price by Industry Vertical(2016-2021)
6.2. Global Satellite Device Services Revenue Market Share by Industry Vertical(2016-2021)
6.2.1. Media & Entertainment
6.2.2. Oil & Gas
6.2.3. Aviation
6.2.4. Mining
6.2.5. Military & Defense
6.2.6. Transportation
6.2.7. Others
7. Key Companies Profiled
7.1. Ericsson Inc.
7.1.1. Ericsson Inc. Satellite Device Services Corporation Information
7.1.2. Ericsson Inc. Satellite Device Services Product Portfolio
7.1.3. Ericsson Inc. Satellite Device Services Consumption, Price and Gross Margin (2016-2021)
7.1.4. Ericsson Inc. Main Business and Markets Served
7.1.5. Ericsson Inc. Recent Developments/Updates
7.2. Globalstar, Inc.
7.3. Inmarsat Holdings Limited
7.4. Iridium Communications, Inc.
7.5. Orbcomm Inc.
7.6. Echostar Corporation
7.7. Intelsat General Corporation
7.8. Singtel Ltd.
7.9. ViraSat Inc.
7.10. Telstra Corporation Limited
7.11. Intersputnik
7.12. MEASAT
7.13. PCCW Global
7.14. SES S.A
7.15. Eutelsat Communications SA
7.16. China Satellite Communications Co., Ltd.
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. Satellite Device Services Distributors List
8.3. Satellite Device Services Customers
9. Market Dynamics
9.1. Satellite Device Services Industry Trends
9.2. Satellite Device Services Growth Drivers
9.3. Satellite Device Services Market Challenges
9.4. Satellite Device Services Market Restraints
10. Global Satellite Device Services Consumption and Demand Forecast, by Region (2022-2027)
10.1. Global Forecasted Demand Analysis of Satellite Device Services, by Regions and Country
10.1.1. North America Forecasted Consumption of Satellite Device Services by Country
10.1.2. Europe Market Forecasted Consumption of Satellite Device Services by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Satellite Device Services by Region
10.1.4. Latin America Forecasted Consumption of Satellite Device Services by Country
10.1.5. Middle East and Africa Forecasted Consumption of Satellite Device Services by Country
11. Global Satellite Device Services Consumption and Demand Forecast, by Device Segments (2022-2027)
11.1. Global Forecasted Consumption of Satellite Device Services by Device Segments (2022-2027)
11.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
11.3. Global Forecasted Growth Rate of Satellite Device Services by Device Segments (2022-2027)
12. Research Finding and Conclusion
13. Methodology and Data Source
13.1. Methodology/Research Approach
13.1.1. Research Programs/Application
13.1.2. Market Size Estimation
13.1.3. Market Breakdown and Data Triangulation
13.2. Data Source
13.2.1. Secondary Sources
13.2.2. Primary Sources
13.3. Author List
13.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
Enquire Before Purchase
Frequently Asked Questions
Why Choose Market Research Strategy?
We utilize market analysis/information from verified authenticated data sources to scoop accurate research reports
We understand the urgency of our clients and their clients' in the competitive space thus, deliver the report in minimum turnaround
Without further ado, choose us and get instant access to reliable analysis to help you make the right business decisions.
We abide by the information security policy and adheres to keep your private and business information confidential and secure.