Global Satellite Telephones Market to be Worth Over USD 5.5 Bn by 2021, Expects TechSci Research in Its Report Published at MarketPublishers.com10 Apr 2017 • by Natalie Aster
LONDON – Satellite telephones (aka satphones) are often used in the emergency field, in the areas where the access to the internet and phones is restricted, etc.
The satellite industry is rapidly growing, and its growth along with the rising defense expenditure encourages growth of the world’s market for satellite phones. The increasing aircraft and ship movements across different regions together with the rising oil and gas production are set to ignite the demand for satellite phones in the years to come.
Region-wise, North America is the number one consumer. As of 2015, the geosynchronous orbit ruled the global space; this segment is set to continue dominating the marketplace in the offing. Iridium, TerreStar, and Thuraya are some of the top competitors globally.
The world’s market for satellite telephones is forecast to surpass the USD 5.5 billion mark by 2021.
Insightful research report “Global Satellite Telephones Market, By Satellite Type, By End User, By Region, Competition Forecast & Opportunities, 2011 – 2021” elaborated by TechSci Research offers a comprehensive analysis of the world’s market for satellite phones. The study contains a bird’s eye view of this marketplace and an all-round product overview.
It comprises the estimation of this marketplace’s sizing and forecasts its changes in the coming years. The report looks at market shares and includes details on the market attractiveness index.
The research study throws light on regulation standards. It scrutinizes performance of the marketplace across major regions (e.g. North America) and countries: the US, Italy, France, China, South Korea, the UAE, and more.
The research report delves deep into the forces that drive the marketplace. The study also examines challenges that the global space deals with. It draws up a detailed picture of the most recent trends as well as developments in the marketplace.
The report highlights the competitive environment and covers top competitors. Future outlook through 2021 is available in the research study. It also contains strategic recommendations.
More cutting-edge reports by TechSci Research are available at its page.