North America Satellite Telephones Market – Size, Outlook, Trends and Forecast (2024 – 2032)

A satellite telephone, satellite phone, or satphone is a type of mobile phone that fixes to orbiting satellites instead of terrestrial cell sites. Some satellite phones use satellites in geostationary orbit which are meant to continue in a fixed position in the sky. These systems can preserve near-continuous global coverage with only three or four satellites and help in reducing the launch costs. The satellites used for these systems are of high weight (about 5000 kg) and expensive to build and launch.

North America Satellite Telephones Market Size & Growth:

North America Satellite telephones market was valued at $XX billion in the year 2017 and is estimated to reach $XX billion by 2024 with a CAGR of XX% during the forecasting period 2019-2024. The ability to agree on the user to stay in touch with one another at the time of any crisis is driving the growth for satellite phones in this region. Satellite phones can also be used in areas where the government has controlled the access to internet and calls. Also, these can be used in areas affected by natural disasters such as earthquakes, tsunami, and others. Moreover, increasing satellite industry coupled with growing defence expenditure is also fueling the global market of satellite telephones.

North America Satellite Telephones Market Share:

The market is segmented into satellite type, end user, and geography. By satellite type, the market is segmented into geosynchronous orbit, low-earth orbit. Among these, the geosynchronous orbit is expected to hold the most significant market share and also witness to be the fastest growing segment with a CAGR of XX% during 2019-2024. The amount of bandwidth obtainable on these systems is considerably higher than that of the low Earth orbit (LEO) systems. These systems offer portable satellite internet using laptop-sized terminals with speeds ranging from 60 to 512 kbit per second (kbps). By end-user, the market is segmented into defence, marine, aviation, energy and government. Defence segment is likely to dominate the market and is expected to maintain its dominance during the forecasting period. By geography, the market is dominated by North America. U.S. and Canada are the technologically advanced country which in turn led to the increased demand for the satellite telephones in this region and dominated the market. Mexico is likely to witness significant growth prospects in the coming years.

North America Satellite Telephones Market Trends:

• In June 2018, Inmarsat signed an agreement with AddValue to streamline the way satellite operators conduct their commercial and research operations with small and near earth orbit satellites.
• In June 2018, Inmarsat signed a memorandum of understanding with the Hellenic Space Agency (HSA) to allow greater collaboration on research and potential technology development.

 North America Satellite Telephones Market Research Report:

• An executive summarycondensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOTanalysis, and Y-o-Y analysis.
• Regional and the Asia Pacific diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
• Identifying DROCin the current market and their impact on altering market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
• Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the major market players, such as
  • Inmarsat PLC
  • Iridium Satellite Communications
  • TerreStar Corporation
  • Thuraya Telecommunication Company
  • Eutelsat Communications S.A.

Along with these companies, there were many other companies are considered in the report while analysing the North America Satellite Telephones market. These companies held substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.