Global Satellite Phone Market 2021-2025
Technavio has been monitoring the satellite phone market and it is poised to grow by $ 147.06 mn during 2021-2025 progressing at a CAGR of 4% during the forecast period. Our reports on satellite phone market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the advantages of satellite phones over landline and cellular phones and growing investments in satellite communication. In addition, advantages of satellite phones over landline and cellular phones is anticipated to boost the growth of the market as well.
The satellite phone market analysis includes type segment and geographical landscapes.
Technavio's satellite phone market is segmented as below:
By Geographical Landscapes
- North America
- South America
This study identifies the development of nano and microsatellites as one of the prime reasons driving the satellite phone market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on satellite phone market covers the following areas:
- Satellite phone market sizing
- Satellite phone market forecast
- Satellite phone market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading satellite phone market vendors that include Globalstar Inc., Inmarsat Group Ltd., Iridium Communications Inc., Thuraya Telecommunications Co., China Telecom Corp. Ltd., Satcom Global Ltd., and UStronics Inc.. Also, the satellite phone market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.