The Worldwide Satellite Telephone Industry is Expected to Reach $363 Million by 2027 at a 11.15% CAGR - ResearchAndMarkets.com

The "Satellite Telephone Market Research Report by End User (Civil & Commercial and Military & Defense), Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Satellite Telephone Market size was estimated at USD 192.43 million in 2021, USD 213.56 million in 2022, and is projected to grow at a CAGR 11.15% to reach USD 363.00 million by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Satellite Telephone Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

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

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on 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 Telephone Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Satellite Telephone Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Satellite Telephone Market?

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

5. What are the technology trends and regulatory frameworks in the Global Satellite Telephone Market?

6. What is the market share of the leading vendors in the Global Satellite Telephone Market?

7. What modes and strategic moves are considered suitable for entering the Global Satellite Telephone Market?

Market Dynamics

Drivers

• Increasing Demand Owing to the Benefits of Satellite Phone Over Landline and Cellular Phones
• Growing Need of Satellite Phones During Emergency Situations
• Application of 3D Technology and Miniaturization of Devices

Restraints

• Relatively Expensive Compared to Cellular or Landline Phones

Opportunities

• Increasing Developments Enable the Introduction of Newer 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 Mentioned

• Al Yah Satellite Communications
• Beam Communications Pty. Ltd.
• Bharat Sanchar Nigam Limited
• China Telecom Corp. Ltd.
• Eutelsat Communications S.A.
• Garmin Ltd.
• Globalstar, Inc.
• Hughes Network Systems
• Inmarsat PLC
• Intelsat General Corporation
• Iridium Satellite Communications
• K.S.C
• KDDI Corporation
• KVH Industries, Inc.
• Navteam A/S
• NEC Corporation
• Nippon Telegraph and Telephone
• Satcom Global Ltd. By Broadband Satellite Services Limited
• Singapore Telecommunications Limited
• Telstra Corporation Limited
• TS2 Space Sp. z o.o.
• UStronics Inc.
• Zee Group

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20220928005501/en/