The commercial geostationary satellite transponder market produced total revenues of $708.5 billion in Latin America in 2005, and that figure will reach more than $1 trillion by 2012, Frost & Sullivan announced Oct. 31.

Though the expansion of terrestrial networks such as fiber, wireless and mobile pose a challenge for the satellite market, the demand for satellite transponders is likely to keep growing due to the need for video and corporate networking applications, Frost & Sullivan said in "Latin America Geostationary Commercial Satellite Transponder Market."