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Study: Mobile Satellite Services Market to Grow $5.62B by 2019

Study: Mobile Satellite Services Market to Grow $5.62B by 2019 - top government contractors - best government contracting event

Iridium NEXT satelliteA new report from Research and Markets forecasts the mobile satellite services market will reach $5.62 billion by 2019.

The market research firm estimates the market to grow at a compound annual growth rate of 10.2 percent from 2014 to 2019, Research and Markets said Monday.

“Satellites will continue to deliver efficient broadcast services on a global basis that will also serve as a multitude of unique use cases in innovative infrastructure solutions,” the company added.

“In the last few years, satellites have played a key role in the growth of global communications, media, and technology industries,” Research and Markets said.

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Written by Jay Clemens

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