CAMBRIDGE, Mass., Jan. 10, 2018 (GLOBE NEWSWIRE) -- NSR’s newly released Land Mobile via Satellite 5th Edition (LMvS5) forecasts cumulative revenues of over $19.4 billion over the 2016-2026 timeframe. After experiencing a challenging 2015-2016, MSS operator land revenues have rebounded to single-digit growth, due to an increasingly diverse product portfolio and (slight) rebounds in energy markets, which had depressed the Land Mobile via Satellite market in earlier years.
“While the energy markets remain slow, overall market growth is driven by greater sales of hotspot devices and consumer handhelds, such as the Globalstar SPOT and Thuraya Satsleeve,” states Alan Crisp, Senior Analyst at NSR and report lead author. “Sales of Push-To-Talk devices, on the other hand, remain slow with a long sales funnel depressing growth opportunities in the short to medium term, despite previous technical issues. Product diversification is critically important for all players in the Land Mobile value chain, especially as traditional handheld devices are expected to experience revenue declines after peaking in 2020 as customers migrate to more versatile solutions.”
Additionally, the increase in terrestrial network reliability, continued expansion of the cellular network footprint, and development of 5G networks all result in greater levels of competition than ever before for mobile satellite operators and service providers. Delays in satellite launches also continue to plague new constellations, kicking a further uptick in revenue growth further down the proverbial road.
Reducing costs, especially for equipment, is key to growing market share. Partnering and integrating with terrestrial network operators, and further marketing to consumers, will also be required as part of strategies to remain relevant in a market where traditional satellite handhelds contribute little growth to the bottom line.
About the Report
NSR’s Land Mobile via Satellite, 5th Edition is the industry reference on land mobile satcom, offering a completely updated assessment with hundreds of graphs and thousands of data points. The report examines demand trends by region and globally, including trends driving growth and changes to occur in the land mobile via satellite market in the coming decade, for MSS, FSS, GEO-HTS and Non-GEO HTS markets. Detailed analysis of demand, revenues, and growth for handhelds, fixed voice, push-to-talk, consumer handheld form factors, hotspot devices, comms-on-the-pause (COTP), connected vehicles and SNGs are documented.
For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit www.nsr.com or call NSR at +1-617-674-7743.
About NSR
NSR is the leading global market research and consulting firm focused on the satellite and space sectors. NSR’s global team, unparalleled coverage and anticipation of trends with a higher degree of confidence and precision than the competition is the cornerstone of all NSR offerings. First to market coverage and a transparent, dependable approach sets NSR apart as the key provider of critical insight to the satellite and space industries.
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