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Fairfield Market Research predicts steady growth across the global satellite phones market. The assessment below reveals diverse factors influencing the market growth and regions wherein the market is thriving.
Market Analysis Brief
Breakthrough developments and greater acceptance of this technology are making significant contributions to the satellite phones market. The ability to work efficiently, even in remote areas, which lack towers and signals has further fuelled the growth of the global market. While these satellite phones resemble ordinary smartphones, the only difference is that these satellite phones are linked to satellites. Moreover, satellite phones are of great use in areas affected by natural disasters, providing better means of communication. Not only this, satellite phones are also deployed across areas that are prone to terrorist attacks. In the wake of this, an incessant uptick in terrorist attacks is poised to amplify sales over the projection timeframe. Other than this, market players are highly motivated to come up with novel solutions and pace ahead of market competition, fuelling market expansion.
Key Report Findings
Growth Drivers
Advanced Features, and User Interfaces
The evolution of satellite phones has precipitated the development of cutting-edge features and user interfaces. World over, landlines, cellular, or other satellite phones are used to establish communication across satellite phones. Majorly, these phones are useful for emergency communications to facilitate response and recovery efforts in remote areas. At present, land-based networks are vulnerable to damage or becoming overloaded during natural disasters. These can include severe weather, earthquake, or manmade incidents, such as biological, potential chemical, nuclear, radiological, or explosive events.
Moreover, at times situations may occur where the landline or cellular telephone networks are inaccessible or down. In this regard, satellite phones promote the maintenance of command and control functions, facilitating the swift relay of messages across areas where communication is non-functional and withstand extreme weather conditions. Technological advancements in the domain are emphasising reducing the size of satellite phones, introducing additional functionalities, and making them lightweight.
Key players in the satellite phone communications market are deeply engrossed in the bid to offer technologically advanced services including better audio quality, geographic coverage, and reliability. Against this backdrop, the global satellite phones market is set for remarkable growth.
Satellite Phone Market's Progressive Upturn
With seismic shifts towards low-cost, satellite-based Internet services, the growth trajectory for the satellite phones market looks promising. Currently, satellite-based Internet leverages satellites in geostationary orbit placed 22,000 miles or more above the earth. Such long-distance promotes high latency and makes users sceptical of its various applications such as video conferencing, gaming, and live streaming. Furthermore, it requires a huge amount of investment to launch traditional large-size satellites for communication, which in turn, increases the cost of satellite-based Internet services.
Meanwhile, a constellation of nano and microsatellites placed in low-earth orbit (LEO), approximately 680 miles from the earth serves as a viable alternative to satellite Internet services. These microsatellites have lower latency in Internet services, almost 20-30 milliseconds. In addition, infrastructure based on nano and microsatellites offers low-cost satellite-based Internet services. The extensive use of nano and microsatellites can be identified as an ascending trend in the global satellite phones market.
Overview of Key Segments
Maritimes Emerges as the Fastest-growing Segment
Across the projection timeframe, the maritime segment is poised to grow at breakneck speed, evolving as the leading segment in the global satellite phones market. The growing penetration of satellite telephones is propelled by the expansion of the satellite phone industry.
In the upcoming years, the segment is projected to experience major shifts, setting the tone for hybrid procurement models (public-private partnerships), low utilisation rates, and the need to increase the competitiveness of the overall industry. Budgetary constraints on defence expenditures have further propelled a combination of proprietary application and data purchase framework contracts.
Growth Challenges
Stringent Government Norms Regarding Use of Satellite Phones
In some countries, it is illegal to have a satellite phone. Governments across these countries have laid down strict regulatory frameworks relevant to the usage of satellite phones. This is likely to pose some hindrance in market growth and might influence revenues.
Regional Segment
Asia Pacific Slates Dominance Backed by Mounting Demand for Satellite-based Communication
Asia Pacific is predicted to hold a dominant share of the global satellite phones market and is amongst the fastest-growing regions. A rampant rise in demand for satellite-based communication across emerging economies is a key driver for the region. China, Japan, and India are channelling robust funds into the development of ultramodern satellite-based infrastructure capabilities at different locations.
Lately, Asia Pacific is witnessing cross-border threats, coercing governments to undertake development programs to develop sophisticated multi-role satellites with advanced subsystems, ensuring uninterrupted enhanced connectivity.
Leading Industry Participants
Intense competition in the global satellite phones market has enabled industry participants to tap into the potential of the market. Comprehensive analysis of their operating areas, revenues, and other aspects is at the core of the business agenda. Consistent upgrades and innovations to eliminate the loopholes apropos to the security of satellite phones.
Organic growth initiatives observed in the market include acquisitions, and partnerships and collaborations. Such drastic steps are poised to extend the customer base, business expansion, and maximise profit.
Beam Communications Pty. Ltd., Bharat Sanchar Nigam Limited, Garmin Ltd., Globalstar, Inmarsat, Iridium Communications Inc., K.S.C, KVH Industries, Inc., Thuraya Telecommunications Company, and TS2 Space Sp. z o.o. (Ts2 Internet) are a few well-known players in the global market.
Regional Classification of the Global Satellite Phones Market is Listed Below:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
1. Executive Summary
1.1. Global Satellite Phones Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Government Regulations and Polices
2.7. Satellite Phones Market – Challenges
2.8. Upcoming Development and Trends
2.9. Economic Analysis
2.10. PESTLE
3. Price Trends Analysis
3.1. Key Highlights
3.2. Prominent Factors Affecting Prices
3.3. Prices By Region
4. Global Satellite Phones Market Outlook, 2018 - 2030
4.1. Global Satellite Phones Market Outlook, by Type, Value (US$ Mn) and Volume (Units), 2018 - 2030
4.1.1. Key Highlights
4.1.1.1. Geosynchronous Equatorial Orbit (GEO)
4.1.1.2. Low Earth Orbit (LEO)
4.2. Global Satellite Phones Market Outlook, by End-users, Value (US$ Mn) and Volume (Units), 2018 - 2030
4.2.1. Key Highlights
4.2.1.1. Military & Defense
4.2.1.2. Aviation
4.2.1.3. Maritime
4.2.1.4. Energy & Utility
4.2.1.5. Government Agencies
4.2.1.6. Misc. (Disaster Management, etc.)
4.3. Global Satellite Phones Market Outlook, by Region, Value (US$ Mn) and Volume (Units), 2018 - 2030
4.3.1. Key Highlights
4.3.1.1. North America
4.3.1.2. Europe
4.3.1.3. Asia Pacific
4.3.1.4. Latin America
4.3.1.5. Middle East & Africa
4.3.2. BPS Analysis/Market Attractiveness Analysis
5. North America Satellite Phones Market Outlook, 2018 - 2030
5.1. North America Satellite Phones Market Outlook, by Type, Value (US$ Mn) and Volume (Units), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Geosynchronous Equatorial Orbit (GEO)
5.1.1.2. Low Earth Orbit (LEO)
5.2. North America Satellite Phones Market Outlook, by End-users, Value (US$ Mn) and Volume (Units), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Military & Defense
5.2.1.2. Aviation
5.2.1.3. Maritime
5.2.1.4. Energy & Utility
5.2.1.5. Government Agencies
5.2.1.6. Misc. (Disaster Management, etc.)
5.3. North America Satellite Phones Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. U.S.
5.3.1.2. Canada
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. Europe Satellite Phones Market Outlook, 2018 - 2030
6.1. Europe Satellite Phones Market Outlook, by Type, Value (US$ Mn) and Volume (Units), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Geosynchronous Equatorial Orbit (GEO)
6.1.1.2. Low Earth Orbit (LEO)
6.2. Europe Satellite Phones Market Outlook, by End-users, Value (US$ Mn) and Volume (Units), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Military & Defense
6.2.1.2. Aviation
6.2.1.3. Maritime
6.2.1.4. Energy & Utility
6.2.1.5. Government Agencies
6.2.1.6. Misc. (Disaster Management, etc.)
6.3. Europe Satellite Phones Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. Germany
6.3.1.2. France
6.3.1.3. U.K.
6.3.1.4. Russia
6.3.1.5. Rest of Europe
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Asia Pacific Satellite Phones Market Outlook, 2018 - 2030
7.1. Asia Pacific Satellite Phones Market Outlook, by Type, Value (US$ Mn) and Volume (Units), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Geosynchronous Equatorial Orbit (GEO)
7.1.1.2. Low Earth Orbit (LEO)
7.2. Asia Pacific Satellite Phones Market Outlook, by End-users, Value (US$ Mn) and Volume (Units), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Military & Defense
7.2.1.2. Aviation
7.2.1.3. Maritime
7.2.1.4. Energy & Utility
7.2.1.5. Government Agencies
7.2.1.6. Misc. (Disaster Management, etc.)
7.3. Asia Pacific Satellite Phones Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. China
7.3.1.2. South Korea
7.3.1.3. Japan
7.3.1.4. India
7.3.1.5. Southeast Asia
7.3.1.6. Rest of Asia Pacific
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Latin America Satellite Phones Market Outlook, 2018 - 2030
8.1. Latin America Satellite Phones Market Outlook, by Type, Value (US$ Mn) and Volume (Units), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Geosynchronous Equatorial Orbit (GEO)
8.1.1.2. Low Earth Orbit (LEO)
8.2. Latin America Satellite Phones Market Outlook, by End-users, Value (US$ Mn) and Volume (Units), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Military & Defense
8.2.1.2. Aviation
8.2.1.3. Maritime
8.2.1.4. Energy & Utility
8.2.1.5. Government Agencies
8.2.1.6. Misc. (Disaster Management, etc.)
8.3. Latin America Satellite Phones Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. Brazil
8.3.1.2. Mexico
8.3.1.3. Rest of Latin America
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Middle East & Africa Satellite Phones Market Outlook, 2018 - 2030
9.1. Middle East & Africa Satellite Phones Market Outlook, by Type, Value (US$ Mn) and Volume (Units), 2018 - 2030
9.1.1. Key Highlights
9.1.1.1. Geosynchronous Equatorial Orbit (GEO)
9.1.1.2. Low Earth Orbit (LEO)
9.2. Middle East & Africa Satellite Phones Market Outlook, by End-users, Value (US$ Mn) and Volume (Units), 2018 - 2030
9.2.1. Key Highlights
9.2.1.1. Military & Defense
9.2.1.2. Aviation
9.2.1.3. Maritime
9.2.1.4. Energy & Utility
9.2.1.5. Government Agencies
9.2.1.6. Misc. (Disaster Management, etc.)
9.3. Middle East & Africa Satellite Phones Market Outlook, by Country, Value (US$ Mn) and Volume (Units), 2018 - 2030
9.3.1. Key Highlights
9.3.1.1. GCC
9.3.1.2. South Africa
9.3.1.3. Rest of Middle East & Africa
9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Competitive Landscape
10.1. Company Market Share Analysis, 2021
10.2. Competitive Dashboard
10.3. Company Profiles
10.3.1. Globalstar, Inc.
10.3.1.1. Company Overview
10.3.1.2. Product Portfolio
10.3.1.3. Financial Overview
10.3.1.4. Business Strategies and Development
10.3.2. Inmarsat
10.3.3. Iridium Communications Inc.
10.3.4. Thuraya
10.3.5. Garmin Ltd.
10.3.6. TS2 SPACE
10.3.7. Beam Communications Pty. Ltd.
10.3.8. Bharat Sanchar Nigam Limited (BSNL)
10.3.9. China Telecom
11. Appendix
11.1. Research Methodology
11.2. Report Assumptions
11.3. Acronyms and Abbreviations
Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.
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