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:

  • AT&T Inc.: The company offers satellite phones named Sonim XP5 Plus which can be used for voice calling purposes and secured messages.
  • Inmarsat Global Ltd: The company offers a satellite phone named ISATPHONE 2 with a portable, voice calling system, messaging for government users, and a high network for remote areas.
  • Iridium Communications Inc.: The company offers satellite phones which enable voice, messaging, and data services anywhere on Earth through rugged hardware designed to meet the needs of lone workers, adventurers, international travelers, and government workers.
  • Telefonaktiebolaget LM Ericsson: The company offers a satellite phone named Ericsson R290 with a foldable antenna, the same length as the body of the telephone. The R290 comes in a blue and black case in a style similar to other Ericsson phones of its period.
  • Thuraya Telecommunications Co.: The company offers satellite phones named Thuraya XT PRO with 2.40-inch size with 9hrs talk time and navigation system.
  • United Parcel Service Inc.
  • Globalstar Inc.
  • To gain access to more vendor profiles available with Technavio, buy the report!
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
  • By application, the market is segmented into maritime, aerospace, government, and energy. The maritime segment accounted for the largest share of the market in 2022.
  • By geography, the market is segmented into APAC, North America, Europe, the Middle East and Africa, and South America. APAC held the largest share of the market in 2021.
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?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the satellite phone market between 2023 and 2027
  • Precise estimation of the size of the satellite phone market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the satellite phone market industry across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of satellite phone market vendors

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

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
  • 4.2 Bargaining power of buyers 
    • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 4.3 Bargaining power of suppliers 
    • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 4.4 Threat of new entrants 
    • Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 4.5 Threat of substitutes 
    • Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 4.6 Threat of rivalry 
    • Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 4.7 Market condition 
    • Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

5 Market Segmentation by Application

  • 5.1 Market segments 
    • Exhibit 25: Chart on Application - Market share 2022-2027 (%)
    • Exhibit 26: Data Table on Application - Market share 2022-2027 (%)
  • 5.2 Comparison by Application 
    • Exhibit 27: Chart on Comparison by Application
    • Exhibit 28: Data Table on Comparison by Application
  • 5.3 Maritime - Market size and forecast 2022-2027
    • Exhibit 29: Chart on Maritime - Market size and forecast 2022-2027 ($ million)
    • Exhibit 30: Data Table on Maritime - Market size and forecast 2022-2027 ($ million)
    • Exhibit 31: Chart on Maritime - Year-over-year growth 2022-2027 (%)
    • Exhibit 32: Data Table on Maritime - Year-over-year growth 2022-2027 (%)
  • 5.4 Aerospace - Market size and forecast 2022-2027
    • Exhibit 33: Chart on Aerospace - Market size and forecast 2022-2027 ($ million)
    • Exhibit 34: Data Table on Aerospace - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Chart on Aerospace - Year-over-year growth 2022-2027 (%)
    • Exhibit 36: Data Table on Aerospace - Year-over-year growth 2022-2027 (%)
  • 5.5 Government - Market size and forecast 2022-2027
    • Exhibit 37: Chart on Government - Market size and forecast 2022-2027 ($ million)
    • Exhibit 38: Data Table on Government - Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Chart on Government - Year-over-year growth 2022-2027 (%)
    • Exhibit 40: Data Table on Government - Year-over-year growth 2022-2027 (%)
  • 5.6 Energy - Market size and forecast 2022-2027
    • Exhibit 41: Chart on Energy - Market size and forecast 2022-2027 ($ million)
    • Exhibit 42: Data Table on Energy - Market size and forecast 2022-2027 ($ million)
    • Exhibit 43: Chart on Energy - Year-over-year growth 2022-2027 (%)
    • Exhibit 44: Data Table on Energy - Year-over-year growth 2022-2027 (%)
  • 5.7 Others - Market size and forecast 2022-2027
    • Exhibit 45: Chart on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 46: Data Table on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 47: Chart on Others - Year-over-year growth 2022-2027 (%)
    • Exhibit 48: Data Table on Others - Year-over-year growth 2022-2027 (%)
  • 5.8 Market opportunity by Application 
    • Exhibit 49: Market opportunity by Application ($ million)

6 Market Segmentation by Product

  • 6.1 Market segments 
    • Exhibit 50: Chart on Product - Market share 2022-2027 (%)
    • Exhibit 51: Data Table on Product - Market share 2022-2027 (%)
  • 6.2 Comparison by Product 
    • Exhibit 52: Chart on Comparison by Product
    • Exhibit 53: Data Table on Comparison by Product
  • 6.3 GEO - Market size and forecast 2022-2027
    • Exhibit 54: Chart on GEO - Market size and forecast 2022-2027 ($ million)
    • Exhibit 55: Data Table on GEO - Market size and forecast 2022-2027 ($ million)
    • Exhibit 56: Chart on GEO - Year-over-year growth 2022-2027 (%)
    • Exhibit 57: Data Table on GEO - Year-over-year growth 2022-2027 (%)
  • 6.4 LEO - Market size and forecast 2022-2027
    • Exhibit 58: Chart on LEO - Market size and forecast 2022-2027 ($ million)
    • Exhibit 59: Data Table on LEO - Market size and forecast 2022-2027 ($ million)
    • Exhibit 60: Chart on LEO - Year-over-year growth 2022-2027 (%)
    • Exhibit 61: Data Table on LEO - Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Product 
    • Exhibit 62: Market opportunity by Product ($ million)

7 Customer Landscape

  • 7.1 Customer landscape overview 
    • Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

  • 8.1 Geographic segmentation 
    • Exhibit 64: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 65: Data Table on Market share by geography 2022-2027 (%)
  • 8.2 Geographic comparison 
    • Exhibit 66: Chart on Geographic comparison
    • Exhibit 67: Data Table on Geographic comparison
  • 8.3 APAC - Market size and forecast 2022-2027
    • Exhibit 68: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 69: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 70: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 71: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 8.4 North America - Market size and forecast 2022-2027
    • Exhibit 72: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 73: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 75: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 8.5 Europe - Market size and forecast 2022-2027
    • Exhibit 76: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 77: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 79: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 8.6 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 80: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 81: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 83: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 8.7 South America - Market size and forecast 2022-2027
    • Exhibit 84: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 85: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 87: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 8.8 US - Market size and forecast 2022-2027
    • Exhibit 88: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 89: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 91: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 8.9 China - Market size and forecast 2022-2027
    • Exhibit 92: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 93: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 95: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 8.10 Japan - Market size and forecast 2022-2027
    • Exhibit 96: Chart on Japan - Market size and forecast 2022-2027 ($ million)
    • Exhibit 97: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Chart on Japan - Year-over-year growth 2022-2027 (%)
    • Exhibit 99: Data Table on Japan - Year-over-year growth 2022-2027 (%)
  • 8.11 UK - Market size and forecast 2022-2027
    • Exhibit 100: Chart on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 101: Data Table on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 103: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 8.12 Germany - Market size and forecast 2022-2027
    • Exhibit 104: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 105: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 106: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 107: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 8.13 Market opportunity by geography 
    • Exhibit 108: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
  • 9.3 Impact of drivers and challenges 
    • Exhibit 109: Impact of drivers and challenges in 2022 and 2027
  • 9.4 Market trends

10 Vendor Landscape

  • 10.1 Overview
  • 10.2 Vendor landscape 
    • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
  • 10.3 Landscape disruption 
    • Exhibit 111: Overview on factors of disruption
  • 10.4 Industry risks 
    • Exhibit 112: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered 
    • Exhibit 113: Vendors covered
  • 11.2 Market positioning of vendors 
    • Exhibit 114: Matrix on vendor position and classification
  • 11.3 AT and T Inc. 
    • Exhibit 115: AT and T Inc. - Overview
    • Exhibit 116: AT and T Inc. - Business segments
    • Exhibit 117: AT and T Inc. - Key offerings
    • Exhibit 118: AT and T Inc. - Segment focus
  • 11.4 Globalstar Inc. 
    • Exhibit 119: Globalstar Inc. - Overview
    • Exhibit 120: Globalstar Inc. - Business segments
    • Exhibit 121: Globalstar Inc. - Key news
    • Exhibit 122: Globalstar Inc. - Key offerings
    • Exhibit 123: Globalstar Inc. - Segment focus
  • 11.5 Inmarsat Global Ltd 
    • Exhibit 124: Inmarsat Global Ltd - Overview
    • Exhibit 125: Inmarsat Global Ltd - Business segments
    • Exhibit 126: Inmarsat Global Ltd - Key offerings
    • Exhibit 127: Inmarsat Global Ltd - Segment focus
  • 11.6 Iridium Communications Inc. 
    • Exhibit 128: Iridium Communications Inc. - Overview
    • Exhibit 129: Iridium Communications Inc. - Product / Service
    • Exhibit 130: Iridium Communications Inc. - Key news
    • Exhibit 131: Iridium Communications Inc. - Key offerings
  • 11.7 Telefonaktiebolaget LM Ericsson 
    • Exhibit 132: Telefonaktiebolaget LM Ericsson - Overview
    • Exhibit 133: Telefonaktiebolaget LM Ericsson - Business segments
    • Exhibit 134: Telefonaktiebolaget LM Ericsson - Key news
    • Exhibit 135: Telefonaktiebolaget LM Ericsson - Key offerings
    • Exhibit 136: Telefonaktiebolaget LM Ericsson - Segment focus
  • 11.8 Thuraya Telecommunications Co. 
    • Exhibit 137: Thuraya Telecommunications Co. - Overview
    • Exhibit 138: Thuraya Telecommunications Co. - Product / Service
    • Exhibit 139: Thuraya Telecommunications Co. - Key offerings
  • 11.9 United Parcel Service Inc. 
    • Exhibit 140: United Parcel Service Inc. - Overview
    • Exhibit 141: United Parcel Service Inc. - Business segments
    • Exhibit 142: United Parcel Service Inc. - Key offerings
    • Exhibit 143: United Parcel Service Inc. - Segment focus

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Inclusions and exclusions checklist 
    • Exhibit 144: Inclusions checklist
    • Exhibit 145: Exclusions checklist
  • 12.3 Currency conversion rates for US$ 
    • Exhibit 146: Currency conversion rates for US$
  • 12.4 Research methodology 
    • Exhibit 147: Research methodology
    • Exhibit 148: Validation techniques employed for market sizing
    • Exhibit 149: Information sources
  • 12.5 List of abbreviations 
    • Exhibit 150: List of abbreviations
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