Global Satellite Phone Market 2019-2023

Global Satellite Phone Market 2019-2023

About this market

Presently, satellites in geostationary orbit which are positioned more than 22,000 miles above the earth’s surface are used to provide satellite-based Internet services. However, the high latency due to the large distance makes satellite-based Internet inefficient for several applications such as video conferencing, live streaming, and gaming. Moreover, the high manufacturing and launching costs of the traditional large-size satellites makes satellite-based Internet services costly. The latency of satellite-based Internet services can be reduced to nearly 20-30 milliseconds by using the constellations of nano and microsatellites which are placed in LEO at around 680 miles from the surface of the earth. The latency provided by this infrastructure is comparable to that provided by broadband Internet solutions. This satellite-based Internet service is also less costly. Thus, the progression towards low-cost, satellite-based internet services is expected to drive the market growth during the forecast period. Technavio’s analysts have predicted that the satellite phone market will register a CAGR of over 4% by 2023.Market Overview

Advantages of satellite phones over landline and cellular phones

Satellite phones are mainly used in emergency situations when existing communication networks become inaccessible or non-functional. These phones can be used to communicate with other landline, cellular and satellite phones and co-ordinate rescue efforts during extreme weather conditions and natural and manmade disasters. The newer models of satellite phones are also smaller, lighter and provide better functionalities than ordinary cell phones. These advantages of satellite phones over landline and cellular phones are driving the growth of the market during the forecast period.

Stringent regulatory standards for satellite phone development

Satellite phone companies need to follow several regulatory standards such as European Standard EN 62262/ International Electrochemical Commission 62262 (IEC 62262), and the US Department of Defense MIL-STD-810F while manufacturing. This requirement to follow several strict regulatory standards during satellite phone development hampers the growth of the market.

For the detailed list of factors that will drive and challenge the growth of the satellite phone market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be concentrated and with the presence of few established companies including Globalstar, and Inmarsat the competitive environment is less intense. Factors such as the rugged nature of satellite phones and its several advantages, will provide considerable growth opportunities to satellite phone manufactures. Globalstar, Inmarsat, Iridium Communications, and Thuraya Telecommunications are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Satellite Phone Market 2019-2023

Technavio recognizes the following companies as the key players in the global satellite phone market: Globalstar, Inmarsat, Iridium Communications, and Thuraya Telecommunications.

Commenting on the report, an analyst from Technavio’s team said: “The latency and the cost of satellite-based Internet services can be reduced by using nano and microsatellites present in LEO. This progression towards low-cost satellite-based Internet services will be a key trend driving market growth.”

According to the report, one of the major drivers for this market is the advantages of satellite phones over landline and cellular phones. These phones are rugged in nature and can withstand rough weather conditions. These phones also provide better geographic coverage than landline and cellular phones.

Further, the report states that one of the major factors hindering the growth of this market is the need to adhere to stringent regulatory standards while developing satellite phones. Satellite phone vendors need to follow several standards such as EN 62262/IEC 62262-2002 and MIL-STD-810F, which is hurting the growth of the market during the forecast period.

Companies Mentioned

Globalstar

Inmarsat

Iridium Communications

Thuraya Telecommunications

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global AI market
      • Table Segments of global AI market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Predictive risk management - Market size and forecast 2018-2023
      • Table Predictive risk management - Market size and forecast 2018-2023 ($ millions)
      • Table Predictive risk management - Year-over-year growth 2019-2023 (%)
    • Consumer experience management - Market size and forecast 2018-2023
      • Table Consumer experience management - Market size and forecast 2018-2023 ($ millions)
      • Table Consumer experience management - Year-over-year growth 2019-2023 (%)
    • Sales and marketing - Market size and forecast 2018-2023
      • Table Sales and marketing - Market size and forecast 2018-2023 ($ millions)
      • Table Sales and marketing - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by solution
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Table List of vendors investing in AI
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Alphabet
      • Table Alphabet - Vendor overview
      • Table Alphabet - Business segments
      • Table Alphabet - Organizational developments
      • Table Alphabet - Geographic focus
      • Table Alphabet - Segment focus
      • Table Alphabet - Key offerings
    • Amazon.com
      • Table Amazon.com - Vendor overview
      • Table Amazon.com - Business segments
      • Table Amazon.com - Organizational developments
      • Table Amazon.com - Geographic focus
      • Table Amazon.com - Segment focus
      • Table Amazon.com - Key offerings
    • IBM
      • Table IBM - Vendor overview
      • Table IBM - Business segments
      • Table IBM - Organizational developments
      • Table IBM - Geographic focus
      • Table IBM - Segment focus
      • Table IBM - Key offerings
    • Microsoft
      • Table Microsoft - Vendor overview
      • Table Microsoft - Business segments
      • Table Microsoft - Organizational developments
      • Table Microsoft - Geographic focus
      • Table Microsoft - Segment focus
      • Table Microsoft - Key offerings
    • SAS Institute
      • Table SAS Institute - Vendor overview
      • Table SAS Institute - Organizational developments
      • Table SAS Institute - Geographic focus
      • Table SAS Institute - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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