Mobile Satellite Services (MSS) Business Opportunities: Strong Development By Major Eminent Players, Emerging Technology Trends And Forecasts To 2020-2027
The global Mobile Satellite Services (MSS) market is expected to reach US$ 8,052.6 Mn by 2027 . The market is anticipated to expand at a CAGR of 7.5% during the period from 2020 to 2027. The global mobile satellite service market by service type was dominated by the data segment with a market share of 66.2% in 2016 and is expected to continue its dominance over the forecast period, owning to the factors such as increasing demand for high quality information with enhanced safety feature, which is fulfilled only by data services. Majority of the information is transferred in the form of data signals as it can be encrypted making it secure and impenetrable to loss. Moreover, aviation and maritime applications require high-quality data with enhanced security which is expected to boost the market over the forecast period. In terms of access type, land MSS is found to be the largest market segment in...