Global Satellite Phone Market 2018-2022 | Emergence of Hybrid Satellite Phones Impacting the Market Growth | Technavio
LONDON--(BUSINESS WIRE)--Nov 23, 2018--The global satellite phone market 2018-2022 is expected to post a CAGR of close to 2% during the forecast period, according to the latest market research report by .
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181123005002/en/
Technavio predicts the global satellite phone market to post a CAGR of close to 2% by 2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the emergence of hybrid satellite phones. Satellite phones directly connect to orbiting satellites, whereas cell phones need a communication tower to send or receive signals. In the absence of a communication tower, data transmission over regular mobile phones cannot be established. Moreover, communication over satellite phones is expensive. Hence, there is a need for a device where sending and receiving data is as efficient and reliable as the satellite phone but is cost-effective.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the emergence of the satellite phone user interface as one of the key emerging trends in the global satellite phone market:
Global satellite phone market: Emergence of satellite phone user interface
“Thuraya telecommunications has introduced a satellite smartphone called X-5 Touch that integrates smartphone-like feature with satellite-phone features. It runs on the Android operating system and comes with a larger display screen compared with other traditional satellite phones. Also, AT&T and TerreStar have introduced a smart satellite phone by infusing AT&T’s (SAM) and Terrestar’s GENUS dual-mode smartphone. It is a dual-mode device with cellular and satellite connectivity. The dual-mode smartphone is targeted for consumers who frequently change location and face issues with cellular networks.,” says a senior analyst at Technavio.
Global satellite phone market: Segmentation analysis
This market research report segments the global satellite phone market by end-user (Government, energy, Aerospace & defense, Maritime, and others) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share of more than 44%, followed by EMEA and APAC respectively. The dominance of the Americas can be attributed to the emergence of hybrid satellite phones and growing adventure tourism industry.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20181123005002/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
KEYWORD: EUROPE ASIA PACIFIC NORTH AMERICA SOUTH AMERICA AFRICA MIDDLE EAST
INDUSTRY KEYWORD: ENTERTAINMENT TECHNOLOGY CONSUMER ELECTRONICS SATELLITE PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES MOBILE ENTERTAINMENT
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 11/23/2018 08:48 AM/DISC: 11/23/2018 08:48 AM