Satellite Phone Market Global Scenario, Market Size, Outlook, Trend and Forecast 2018-2026
The global satellite phone market is expected to grow at a CAGR of 3.8% from 2019 to 2026. The North American region is expected to dominate the market in forthcoming years while Asia-Pacific has the major potential in terms of growth. Due to large usage of satellite phone in the North American region, the market is more concentrated in this region.
The key factors driving global satellite phone market growth is the major benefits over the cell phones & landlines in difficult circumstances. Major use of satellite phones in emergency situations like natural disasters as well as manmade disasters fuel the growth. Satellite cell phones are much easier to handle. It can perform in emergency as well. This is the reason satellite phones are cost more than ordinary cell phone. Research & development in the satellite phone market will also raise the market in the forecasted years. Major companies operating in this market trying to develop with the help of advanced technologies more geographical area with accurate forecast, quality voice & real time operating experience. However, the stringent regulatory standards of the satellite phone when developing like European standard EN 62262/ International electrochemical commission 62262 (IEC 62262), and the US Department of Defense MIL-STD-810F may hamper the market in many ways.
The global satellite phone market is segmented into type & geography. By type, the market is divided into geosynchronous orbit (GEO) and low-earth orbit (LEO). By geography, the market is segmented into different geographical region such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). By geography, the market is segmented into the North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The country-wise analysis has been also covered under the scope of the report. North America includes USA, Canada & Mexico; while Europe includes Germany, France, UK, Italy and the rest of the Europe. China, Japan, India, South Korea are covered under the Asia-Pacific. Rest of the world covers the South & Central America, Africa and the Middle East.
The Scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as across sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply side to comer to an accurate scenario. Product across application and application across geographies has been mapped to provide you a precise competitive scenario to have a leading edge in the market.
Key market players of the satellite phone market are Inmarsat, Satcom Global, Thuraya Telecommunications, China Telecom, Iridium Communications, Globalstar and others.
Highlights of the report
Scope of the Global Satellite Phone Market