Global Satellite Phone Industry Expected to Reach $363 Million by 2027 at a CAGR of 11.15% – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Satellite Phone Market Research Report by End User (Civil & Commercial and Military & Defense), Application, Region (Americas, Asia-Pacific & Europe, Middle East & Africa) – Global Forecast up to ‘in 2027 – Cumulative Impact of The COVID-19 Report’ has been added to from ResearchAndMarkets.com offer.

The global satellite phone market size was estimated to be USD 192.43 million in 2021, USD 213.56 million in 2022, and is projected to grow at a CAGR of 11.15% to reach USD 363.00 million by 2027.

Competitive Strategy Window:

The strategic competitive window analyzes the competitive landscape in terms of markets, applications and geographies to help the vendor define an alignment or match between its capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for vendors to adopt successive strategies of merger and acquisition, geographic expansion, research and development, and new product introduction strategies to execute further business expansion and growth. during a forecast period.

FPNV positioning matrix:

The FPNV Positioning Matrix assesses and ranks vendors in the Satellite Telephony Market based on business strategy (business growth, industry coverage, financial viability, and channel support) and customer satisfaction. product (value for money, ease of use, product features, and customer support) that helps businesses make better decisions and better understand the competitive landscape.

Market share analysis:

The market share analysis offers the analysis of the vendors considering their contribution to the overall market. It gives the idea of ​​its revenue generation in the overall market compared to other providers in the space. It provides information on the performance of vendors in terms of revenue generation and customer base compared to others. Knowing the market share gives an idea of ​​the size and competitiveness of suppliers for the reference year. It reveals the characteristics of the market in terms of accumulation, fragmentation, dominance and merger.

The report provides information about the following pointers:

1. Market Penetration: Provides comprehensive information about the market offered by major players

2. Market Development: Provides detailed information on lucrative emerging markets and analyzes penetration in mature market segments

3. Market Diversification: Provides detailed information on new product launches, untapped geographies, recent developments and investments

4. Competitive Assessment and Intelligence: Provides a comprehensive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of key players

5. Product Development and Innovation: Provides smart insights into future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the global satellite phone market?

2. What are the inhibiting factors and impact of COVID-19 on the global satellite phone market during the forecast period?

3. What are the products/segments/applications/areas to invest in during the forecast period in the Global Satellite Phones Market?

4. What is the competitive strategic window for opportunities in the Global Satellite Phone Market?

5. What are the technology trends and regulatory frameworks in the global satellite phone market?

6. What is the market share of the major vendors in the global satellite phone market?

7. What modes and strategic moves are considered suitable for entering the global satellite phone market?

Market dynamics

Drivers

  • Increase in demand due to advantages of satellite phone over landline and cell phones

  • Growing need for satellite phones during emergencies

  • Application of 3D technology and miniaturization of devices

Constraints

  • Relatively expensive compared to cell or landline phones

Opportunities

  • Increasing developments allow the introduction of new models of satellite phones

  • Technological advances to provide services such as geographic coverage and better audio quality

Challenges

  • Strict regulatory standards for the development of satellite phones

Companies cited

  • Al Yah Satellite Communications

  • Beam Communications Pty. ltd.

  • Bharat Sanchar Nigam Limited

  • China Telecom Corp. ltd.

  • Eutelsat Communications SA

  • Garmin Ltd.

  • Globalstar, Inc.

  • Hughes Network Systems

  • Powerline Inmarsat

  • Societe Generale Intelsat

  • Iridium Satellite Communications

  • KSC

  • KDDI Corporation

  • KVH Industries, Inc.

  • Navteam A/S

  • NEC Corporation

  • Japanese telegraph and telephone

  • Satcom Global Ltd. By Broadband Satellite Services Limited

  • Singapore Telecommunications Limited

  • Telstra Company Limited

  • TS2 Space Sp.zoo

  • UStronics Inc.

  • Zee Group

For more information about this report visit https://www.researchandmarkets.com/r/ureqlk

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