Sub-orbital Transportation and Space Tourism Market Report 2021: Market Capacity, Market Overview, Consumption, Status and Prediction 2028
The global sub-orbital transportation and space tourism market size reached USD 423.7 million in 2020 and is expected to register a revenue CAGR of 16.8%, during the forecast period, according to latest analysis by Emergen Research.
Some of the major factors driving global sub-orbital
transportation and space tourism market revenue growth include increased
focus on space explorations and private initiatives to facilitate space
transportation. Increasing focus on launching high-altitude balloons for space
tourism, as well as astronomy among a number of enthusiasts is expected to
propel revenue growth of the global sub-orbital transportation and space
tourism market between 2021 and 2028.
High-altitude balloons sent into the stratosphere
could achieve a nominal height of 30 kilometers and are often loaded with
hydrogen and helium. Balloons are categorized depending on desired use such as
research balloons and weather balloons. Research balloons are used for a wide
range of purposes, including Earth observation, monitoring, and communications.
Weather balloons are being used for forecasts, disaster alerts, and other
related applications.
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The competitive landscape of the report has
been formulated by considering all the vital parameters such as company
profiling, market share, recent developments and advancements, gross margins,
product portfolio, revenue generation, financial standing, market position, and
expansion plans. The report also discusses in detail the recent mergers and
acquisitions, joint ventures, collaborations, product launches and brand
promotions, agreements, corporate and government deals, and partnerships, among
others. The report also sheds light on the recent technological developments
and product advancements in the Sub-orbital Transportation and Space Tourism
market.
Some players analyzed in the report are:
Near Space Corporation, Blue Origin, LLC, Exos
Aerospace Systems & Technologies, Inc., Aerostar International, Inc., Space
Exploration Technologies Corp. (SpaceX), UP Aerospace, Inc., PD AeroSpace,
LTD., Space Perspective Inc., Zero 2 Infinity SL, and Virgin Galactic Holdings
Inc.
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Key Highlights from the Report
Sub-orbital reusable vehicles segment is
expected to expand at a substantially rapid revenue CAGR during the forecast
period due to increasing demand for such vehicles for sub-orbital
transportation and space tourism.
Rocket-powered vehicles are known as
sub-orbital reusable vehicles. Launching profiles of such vehicles vary from
vertical takeoff and landings and horizontal launched wings vehicles.
Cargo delivery segment is expected to register
a significantly steady revenue growth rate over the forecast period as it is
considered the primary goal of space transportation.
Emergen Research has segmented global
sub-orbital transportation and space tourism on the basis of vehicle,
application, end-use, and region:
Vehicle Outlook (Revenue, USD Million;
2018–2028)
High-Altitude Balloons
Sub-Orbital Reusable Vehicles
Parabolic Flights
Application Outlook (Revenue, USD
Million; 2018–2028)
Space Tourism
Cargo Delivery
Satellite Deployment
Remote Sensing & Earth Observation
Others
End-Use Outlook (Revenue, USD Million;
2018–2028)
Government
Aerospace & Defense
Commercial
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Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia,
Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin
America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of
MEA)
Valuable Market Insights:
The report highlights the latest trends
observed in the consumption pattern of each regional segment.
Extensive market segmentation included in the
report helps better understand the revenue and estimated growth of the
individual regions.
The report throws light on the historical and
current market scenarios and provides a concise year-on-year growth rate of the
global Sub-orbital Transportation and Space Tourism market.
The report further entails the current market
trends, technological advancements, revenue growth, and other aspects affecting
market growth.
Questions addressed in the report:
What is the estimated market growth rate
throughout the forecast period?
Which end-use industry is expected to witness
the highest demand for Sub-orbital Transportation and Space Tourism in the near
future?
What is the regulatory framework governing the
application of Sub-orbital Transportation and Space Tourism in the food
industry?
Which manufacturing processes are utilized for
the production of Sub-orbital Transportation and Space Tourism?
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