According to a market report by Lucintel, the future of the global mobile satellite phone market looks promising with opportunities in the defense, maritime, aviation, and oil and gas markets. The global mobile satellite phone market is expected to reach an estimated $0.7 billion by 2030 with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are expansion of media, tourism, and other types of entrepreneurship-related businesses operations, growing requirement of strong network to stop confusion and havoc during natural disasters like flood and storms and increasing stresses over these unexpected events and the significance of being prepared for crises.

In this market, leo satellite phone and geo satellite phone are the major segments of mobile satellite phone market by type.
Lucintel forecasts that leo satellite phone will remain the largest segment over the forecast period.
Within this market, maritime will remain the largest segment.

North America is expected to witness highest growth over the forecast period.

Iridium Communications, Globalstar, Thuraya Telecommunications Company, Inmarsat Global Limited, Beam Communications, Bharat Sanchar Nigam Limited, KVH Industries, TS2 Space, and Garmin are the major suppliers in the mobile satellite phone market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]