For those who are unfamiliar, on the basis of satellite type, global satellite telephones market has been broadly segmented into Geosynchronous Orbit (GEO) and Low-Earth Orbit (LEO). Among these categories, geosynchronous orbit still dominates the global satellite telephones market, and the segment is expected to maintain its dominance over the next five years as well. North America is the largest consumer of satellite telephones across the globe.
According to Research and Markets, the global market of satellite telephones is anticipated to cross $5.5 Billion by 2021.
The firm also reveals that, growing satellite industry coupled with increasing defense expenditure is also aiding global market of satellite telephones. Furthermore, increasing ship and aircraft movements across various regions of the globe coupled with growing oil & gas production are expected to positively influence global satellite telephones market in the coming years.
However, increasing government regulations over the use of satellite phones in various countries across the globe is expected to restraint the sales of satellite telephones across the world in the coming years.