Global Satellite Phone Market 2018-2022 | Emergence of Hybrid Satellite Phones Impacting the Market Growth | Technavio

November 23, 2018

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 .

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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.

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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

Besides the rudimentary function of enabling satellite communication, satellite phones lack in terms of user interface and physical appearance. Satellite phones are pre-configured based on the technology they would use such as the type of satellite they would connect with and the frequency in which they would be operating. Hence, there is not much scope for customization. However, with the emergence of the satellite phone user interface, such as modification in the hardware components, such as dual sim capabilities and quality display using the Gorilla glass, to make the phone look like a smartphone make it a viable device. Such technological innovations will boost market growth.

“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.

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Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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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.

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SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/23/2018 08:48 AM/DISC: 11/23/2018 08:48 AM


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