Wednesday, 14 February 2018

Satellite Phone Market is Anticipated to Grow at a CAGR of 5.0% During the Forecast Period 2018-2025

As per the report "Satellite Phone Market By Type ( Globalstar, Inmarsat, Iridium, Thuraya ), By Application ( Aerospace & Defense, Maritime, Energy, Government) Industry trends, Estimation & Forecast, 2017 - 2025" In 2017, the Inmarsat (ISAT) segment generated the highest revenue share in the global satellite phone market. Among major regions, North America was the highest revenue generating market, holding nearly 40% of the market share, in 2017.

“Satellite phones play a vital role in the defence and aerospace sector, as the military personnel face the risk of inhabiting in very remote areas, where there is weak or zero communication service. Satellite phones enable them to see through the fog of war by creating a communication link between the parties, irrespective of their location and the presence of communication infrastructure around them.”


Global satellite phone market to offer profitable opportunities, owing to the surge in demand from the government sector
The government authorities of each nation possess an authority over the functioning and regulation of satellite communication. Government agencies such as railways, police forces, BSF (Border Security Forces), organizations handling disastrous calamities are the major end users of satellite phones. When an area is struck with natural calamity, the most important system that is affected is the areas communication system. Recent examples of natural disasters have depicted the need of communication systems between such areas and the rest of the world. In such scenarios, satellite phones help in exchanging information between both the worlds. In India, BSNL (Bharat Sanchar Nigam Limited) along with Inmarsat offers satellite phone connections, especially to the government agencies.

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