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[December 20, 2012]
The Global Mobile Satellite Service Market to Grow At A CAGR Of 10.1 Percent over the Period 2011-2015
(M2 PressWIRE Via Acquire Media NewsEdge) Dublin - Research and Markets (
) has announced the addition of the "Global Mobile Satellite Service Market 2011-2015" report to their offering.
One of the key factors contributing to this market growth is the increasing adoption in the Maritime sector. The Global Mobile Satellite Service market has also been witnessing the increasing use of mobile satellite services during emergency situations. However, the need for high levels of initial investment could pose a challenge to the growth of this market.
The key vendors dominating this market space are Globalstar Inc., Inmarsat Plc., Iridium Communications Inc., Orbcomm Inc., and Thuraya Satellite Telecommunication Company Inc.
The other vendors mentioned in the report are SkyTerra Communications Inc., Solaris Mobile Ltd., ICO Global Communication Ltd., LightSquared Inc., Terrestar Network Inc .
Commenting on the report, an analyst from TechNavio's Telecom team said: ''Currently, most countries are allotting more budget for disaster management purposes. This is because mobile satellite services have been very useful in establishing connectivity during national emergencies such as natural disasters. Hence, an increasing number of organizations such as the United Nations (UN), non-governmental organizations (NGOs), and other disaster management departments are increasingly adopting mobile satellite services. Thus, the increasing demand for mobile satellite services in emergency situations is an emerging trend in the Global Mobile Satellite Service market.'' According to the report, one of the main drivers is the increasing adoption of mobile satellite service in the Maritime sector. Currently, many merchant shipping vehicles are using mobile satellite services for crew communication. Hence, the Merchant Shipping industry is increasing massively year-on-year and is expected to boost the growth rate of the market.
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