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2023

Mobile Satellite Phone Market

Mobile Satellite Phone Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (LEO Satellite Phone, GEO Satellite Phone), by Application (Defense, Maritime, Aviation, Oil and Gas, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031

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Author's: Supriya Bhosale| Surya Sanka | Surya Sanka
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Mobile Satellite Phone Market Research, 2031

The global mobile satellite phone market was valued at $553.6 million in 2021, and is projected to reach $808.5 million by 2031, growing at a CAGR of 3.9% from 2022 to 2031. Mobile satellite phones offer communication with telephone, cellular, and other networks with the help of satellite. The mobile satellite phone is majorly used during the emergencies such as earthquakes, hurricanes, and other emergency situations. Mobile satellite phones offer excellent and fast communication across the world with uniformity in phone numbers and secure connection.

Mobile Satellite Phone Market

Over the past few years, there has been a significant growth in business operations related to media, tourism, and other types of entrepreneurships. The need to deal with the inadequate conventional network coverage, high roaming costs, strict government regulations, and oversight of all forms of communication in some countries are anticipated to offer players in the mobile satellite phone market with significant growth prospects. Mobile satellite phones can keep people connected with their families during disasters in which these phones are used for emergency evacuations.

Through radio wave propagation, mobile satellite phones operate on an entirely different network infrastructure. The calls from public networks to the mobile satellite phones are expensive which is estimated to restrict its adoption. Other technological shortcomings that may have an impact on mobile satellite phone demand include relatively low voice quality compared to cellular networks, low latency, and dead spots in the network. These factors are anticipated to restrain the mobile satellite phone market growth in the coming years.

Strong network infrastructure in mission-critical applications is the prominent factor driving the growth of the mobile satellite phone industry. In addition to wreaking havoc on a large scale, climate-related disasters like floods, storm surges, coastal flooding, tropical cyclones, and cold/heat waves also interfere with traditional land-based cellular networks. Rising worries about these unintentional occurrences and the importance of being ready for emergencies are anticipated to boost the market growth for satellite phones. Mobile satellite phones are widely used by the defense sector during emergencies, disaster management, military forces. All these factors are projected to create numerous growth opportunities in the market during the forecast period.

The key players profiled in this report include Iridium Communications Inc., Globalstar, Inc., Thuraya Telecommunications Company, Inmarsat Global Limited, Beam Communications Pty. Ltd., Bharat Sanchar Nigam Limited, KVH Industries, Inc., K.S.C., TS2 Space Sp. z o.o., and Garmin Ltd.

The mobile satellite phone market is segmented on the basis of type, application, and region. By type, the market is divided into LEO satellite phone and GEO satellite phone. By application, the market is classified into defense, maritime, aviation, oil & gas, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The mobile satellite phone market is segmented into Type and Application.

Mobile Satellite Phone Market by Type

By type, the LEO satellite phone sub-segment dominated the market in 2021. LEO satellites are increasingly being used for commercial purposes. The LEO satellite market is developing owing to the factors such as satellite miniaturization, increasing connectivity of electronic devices, and rising demand for constellations of low earth orbit satellites across industries. LEO satellite phone offers various advantages owing to excellent operational features and performance. For instance, the LEO satellite phone offers excellent strength with enhanced security. LEO satellite phone brings coverage to every spot on the planet by offering 2D and 3D positioning with high-power signals. As the LEO satellites are protected from disturbances such as solar storms are less susceptible to damage. These are predicted to be the major factors driving the mobile satellite phone market size during the forecast period.

Mobile Satellite Phone Market by Application

By application, the maritime sub-segment dominated the global mobile satellite phone market share in 2021. The maritime satellite phones provide reliable communication services for crew members and passengers on board, as well as for ship-to-shore and ship-to-ship communication. Maritime satellite phones are quite popular across the maritime sector owing to their ability to offer connectivity in isolated ocean regions where conventional cellular networks are not present. However, the price of maritime satellite phones and services can be high, which may restrict some shipping companies from utilizing them. Such applications of mobile satellite phones in the maritime sector are projected to create a scope of growth for the sub-segment during the forecast period.

Mobile Satellite Phone Market by Region

By region, North America dominated the global market in 2021 and is estimated to grow at a significant rate during the forecast period. North America represents a significant opportunity for the mobile satellite phone market players. The region has a high demand for mobile satellite phone services due to the vast and remote areas, where traditional cellular networks are not available, such as rural areas and national parks. Federal Communications Commission (FCC) in the U.S. has set aside specific frequencies for satellite phone services to support emergency communications. Mobile satellite phone providers are finding new opportunities owing to the rising need for their services in North America's defense and government sectors. Mobile satellite phones can deliver the dependable and secure communication services. Globalstar, Inc. is one of the leading U.S.-based mobile satellite phone companies, that has applications across forestry, commercial maritime, construction, energy, government & public safety, and others.

Impact of COVID-19 on the Global Mobile Satellite Phone Industry

  • The onset of COVID-19 had a significant impact on the production of satellites, subsystems, and other components as well as the economic activities of nations all over the world
  • The production of low earth orbit satellites was directly impacted by supply chain disruptions caused by the pandemic, despite the critical importance of satellite systems. Due to different countries adhering to strict launch guidelines, there has also been delays and disruptions with regard to satellite launch activities
  • However, post-pandemic the market for mobile satellite phone is estimated to grow at a significant pace with increasing demand for remote sensing and imaging satellites
  • The economic slowdown has affected the setup of new mobile satellite phone projects across the world as majority of government fundings were diverted towards healthcare sector owing to rapid spread of the COVID-19 virus, impacting the market to the great extent

Key Benefits For Stakeholders

  • The report provides exclusive and comprehensive analysis of the global mobile satellite phone market trends along with the mobile satellite phone market forecast

  • The report elucidates the mobile satellite phone market opportunity along with key drivers, and restraints of the market. It is a compilation of detailed information, inputs from industry participants and industry experts across the value chain, and quantitative and qualitative assessment by industry analysts

  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the market for strategy building

  • The report entailing the mobile satellite phone market analysis maps the qualitative sway of various industry factors on market segments as well as geographies

  • The data in this report aims on market dynamics, trends, and developments affecting the mobile satellite phone market sales

Mobile Satellite Phone Market Report Highlights

Aspects Details
Market Size By 2031
Market Size By 2031

USD 808.5 million

Growth Rate
Growth Rate

CAGR of 3.9%

Forecast period
Forecast period

2021 - 2031

Report Pages
Report Pages

293

Mobile Satellite Phone Market By Type
By Type
  • LEO Satellite Phone
  • GEO Satellite Phone
Mobile Satellite Phone Market By Application
By Application
  • Defense
  • Maritime
  • Aviation
  • Oil and Gas
  • Others
Mobile Satellite Phone Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Russia, Germany, UK, Spain, France, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, UAE, Argentina, South Africa, Rest of LAMEA)
Key Market Players
Key Market Players

Garmin Ltd., Inmarsat Global Limited, Thuraya Telecommunications Company, KVH Industries, Inc., Iridium Communications Inc., Globalstar, Inc., K.S.C., bharat sanchar nigam limited - india, TS2 Space Sp. z o.o., Beam Communications Pty. Ltd.

Author Name(s) : Supriya Bhosale| Surya Sanka | Surya Sanka
Frequently Asked Questions?

Advancements in satellite technology, such as the use of low Earth orbit (LEO) satellites and improved data transmission speeds are the upcoming trends in the mobile satellite phone market.

The use of mobile satellite phone in the maritime sector is one of the leading applications of the mobile satellite phone industry.

North America is the largest regional market for mobile satellite phone.

The mobile satellite phone market is anticipated to reach $808.5 million by 2031.

Iridium Communications Inc., Globalstar, Inc., Thuraya Telecommunications Company, and Inmarsat Global Limited are the leading companies to hold highest market share in the mobile satellite phone market.

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Mobile Satellite Phone Market

Global Opportunity Analysis and Industry Forecast, 2022-2031