Global Satellite Phone Market Outlook to 2023 - Led by Globalstar, Inmarsat, Iridium Communications, and Thuraya Telecommunications - ResearchAndMarkets.com

The "Global Satellite Phone Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

According to the report, the satellite phone market will register a CAGR of over 4% by 2023.

The latency and the cost of satellite-based Internet services can be reduced by using nano and microsatellites present in LEO. This progression towards low-cost satellite-based Internet services will be a key trend driving market growth.

According to the report, one of the major drivers for this market is the advantages of satellite phones over landline and cellular phones. These phones are rugged in nature and can withstand rough weather conditions. These phones also provide better geographic coverage than landline and cellular phones.

Further, the report states that one of the major factors hindering the growth of this market is the need to adhere to stringent regulatory standards while developing satellite phones. Satellite phone vendors need to follow several standards such as EN 62262/IEC 62262-2002 and MIL-STD-810F, which is hurting the growth of the market during the forecast period.

Market Trends

• Progression Toward Low-Cost, Satellite-Based Internet Services
• Use of 3D Printing Technology in Satellite Manufacturing
• Miniaturization of Electronic Parts

Key Vendors

• Globalstar
• Inmarsat
• Iridium Communications
• Thuraya Telecommunications

Topics Covered

1. Executive Summary

2. Scope of the Report

3. Market Landscape

4. Market Sizing

5. Five Forces Analysis

6. Customer Landscape

7. Geographic Landscape

8. Market Segmentation by Satellite Type

9. Decision Framework

10. Drivers and Challenges

11. Market Trends

12. Vendor Landscape

13. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/3jxxx8/global_satellite?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20181211005459/en/