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The mobile satellite services (MSS) are wireless communication services (voice and data) offered to mobile or portable terminals with the help of satellite communications. There are a lot of technological advancements such as the internet of things (IoT), 5G, and others are being adopted in the telecommunication industry. The latest mobile generation will be supporting 5G as it provides benefits to consumers, operators, and enterprises. Operators are trying to find different ways to grow revenue and reduce costs in the 5G era by evolving their networks. Additionally, telecom operators are diversifying their revenue streams across mobile platforms, TV/ entertainment, advertising, IoT to achieve growth in the telecom services. Due to this, there will be a rise in the mobile satellite services market. Microsoft Corporation, Google LLC, Amazon.com, Inc., and other cloud-based companies will leverage 5G speed for improving and enhancing customer satisfaction in the market. The number of IoT connections between 2019 to 2025 will be almost doubled i.e. 25 billion. For instance, governments across the world are simplifying the rules and regulations at the time of site acquisition, setting up base stations, small cells. Additionally, governments can adopt policies that will reduce the burden from the operator thus enabling the expansion and adoption of mobile satellite services in the market.
Viasat and Visiontec have expanded their partnership to provide good connectivity and internet facility in Brazilian homes. Viasat is emphasizing on enhancing its Brazilian customer base and increase the mobile subscriptions in the market. Viasat provides high quality, high-speed internet services to Brazil homes. This rise in mobile subscriptions will result in a rise in the market growth of the mobile satellite service market.
Telefonaktiebolaget LM Ericsson has acquired Kathrein’s antenna and filter. This acquisition has expanded the radio system of Telefonaktiebolaget LM Ericsson with the new product portfolio and improved its antenna capabilities. These enhanced capabilities will be helping the company to cater to the customer's need for 5G services and beyond. By this acquisition, they have integrated radios with antennas to provide next-generation services to the customers.
Some of the key competitors in the Home security solution market include Telefonaktiebolaget LM Ericsson, Motorola Solutions, Inc., Globalstar, Echostar Corporation, EchoStar Corporation, Viasat, Inc., Telstra, Iridium Communications Inc., and Hughes Network Systems LLC.
North America is expected to dominate the mobile satellite services market. This is due to an increase in the number of mobile subscriptions which will rise from 83% to 85% from 2019 to 2025 as stated in GSMA reports 2020. Additionally, there is also an increase in the number of smartphone adoption from 83% to 91% from 2019 to 2025 according to GSMA report 2020. Thus, it results in the growth of the mobile satellite service market. According to the GSMA report, the operators will be investing in 5G in North America of USD 250 billion (approx.) thus, showing a rise in the MSS market.
According to the GSMA report, by 2020 there will be a tremendous rise of new mobile subscriptions i.e. 600 million subscriptions in India, China, Pakistan, and Nigeria. It contributes to 5.8 billion subscribers to mobile services (70% of the global population). This will thus drive the mobile satellite services market growth. Additionally, key sectors such as utility and manufacturing will be benefitting the maximum from the emergence of 5G services in China being one of the leading countries investing in the early deployment of this 5G technology. The Asia Pacific is anticipated to experience flourishing growth in the mobile satellite service market.
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