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Subject: MRR

Satellite Phone Market Size to Increase by USD 137.43 Million: 33% growth to originate from APAC - Technavio


NEW YORK, Nov. 26, 2022 /PRNewswire/ -- The Satellite Phone Market by Application, Product, and Geography - Forecast and Analysis 2023-2027 report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 4.2% and register an incremental growth of USD 137.43 million during the forecast period. The report provides a comprehensive analysis on growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download A Free PDF Sample Report

Regional Analysis

By region, the global satellite phone market is segmented into APAC, North America, Europe, the Middle East and Africa, and South America. APAC is estimated to contribute 33% to the growth of the global market over the forecast period. The rapid increase in the demand for satellite communication from developing countries and increased investments in the development of advanced satellite-based infrastructure capabilities at different locations are driving the growth of the regional market.

Company Profiles

The satellite phone market report includes information on the key products and recent developments of leading vendors, including:

Market Dynamics

The market is driven by factors such as the advantages of satellite phones over landline and cellular phones, growing investments in satellite communication, and the development of nano and microsatellites. However, stringent regulatory standards for satellite phone development are hindering market growth.

Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample

Market Segmentation
Related Reports:

The satellite internet market share is expected to increase to USD 2.70 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 13.34%. The growth in the number of IoT devices is notably driving the satellite internet market growth, although factors such as bad weather conditions may impede the market growth.

The satellite modem market share is expected to increase by USD 157.73 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.21%. The increasing need to enhance offshore communication is notably driving the satellite modem market growth, although factors such as high investments required for satellite internet and connectivity may impede the market growth.

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What are the key data covered in this satellite phone market report?

Satellite Phone Market Scope

Report Coverage

Details

Page number

150

Base year

2022

Historical year

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.2%

Market growth 2023-2027

USD 137.43 million

Market structure

Concentrated

YoY growth (%)

3.2

Regional analysis

APAC, North America, Europe, the Middle East and Africa, and South America

Performing market contribution

APAC at 33%

Key consumer countries

US, China, Japan, UK, and Germany

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

AT&T Inc., Inmarsat Global Ltd, Iridium Communications Inc., Telefonaktiebolaget LM Ericsson, Thuraya Telecommunications Co., United Parcel Service Inc., and Globalstar Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Market Segmentation by Product

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

SOURCE Technavio


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News published on 26 november 2022 at 20:15 and distributed by: