Sub-Orbital Space Tourism Market: Focus on End User, Flight Vehicle Type, and Country – Analysis and Forecast, 2021-2031

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The global sub-orbital space tourism market is estimated to reach $396.6 million in 2031, at a compound annual growth rate (CAGR) of 24.46% during the forecast period 2021-2031.

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Description

Market Report Coverage – Sub-Orbital Space Tourism

Market Segmentation

• End User: Commercial, and Government
• Flight Vehicle Type: Sub-Orbital Reusable Vehicles, High-altitude Balloon, and Parabolic Aircraft

Regional Segmentation

• North America: U.S. and Canada
• Europe: U.K., France, Germany, and Rest-of-Europe
• Asia-Pacific: China, Japan, Singapore, and Rest-of-Asia-Pacific
• Rest-of-the-World: Latin America, Middle East and Africa

Key Companies Profiled

Blue Origin, Orbspace, PD AeroSpace, LTD, SpaceX, Space Perspective, Virgin Galactic, Zero Gravity Corporation, Zero 2 Infinity S.L

How This Report Can Add Value

Product and Innovation Strategy: The product section will help the reader understand the different types of flight vehicles used for sub-orbital space tourism. It will also help the readers understand the different platforms’ market potential globally. The players operating in this market are developing innovative offerings and are highly focused on testing as well as demonstrating their platform capabilities. Moreover, the study also looks into the emerging spaceports that will enable sub-orbital space tourism.

Key Questions Answered in the Report

• What are the underlying structures resulting in the emerging trends within the sub-orbital transportation and space tourism market?
• What are the underlying structures resulting in the emerging trends within the sub-orbital space tourism market?
• What are the potential opportunities in the market for new OEMs and other players to enter?
• Which end user is expected to lead the sub-orbital space tourism market by 2031?
• What was the market value of the regions in the sub-orbital space tourism market in 2020, and how is the market estimated to grow during the forecast period 2021-2031?
• How is the industry expected to evolve during the forecast period 2021-2031?
• What are the key developmental strategies that are implemented by the key players to sustain the competitive market?

Sub-Orbital Space Tourism Market

Currently, the space industry is focusing on developing technologies, platforms as well as spaceports that will enable space transportation. Sub-orbital flights, including space tourism, have gathered significant interest from the space sector as well as individuals who want to travel to space. Several companies such as Virgin Galactic, Blue Origin, Space Adventures, PD AeroSpace, LTD, Space Perspective, and Zero Gravity Corporation are focusing on developing platforms that will enable space tourism. The current challenge is to make space trips cheaper and thus more accessible to the public.

One of the major technologies that the industry is focusing is the reusability of space systems such as suborbital or orbital reusable vehicles. The reusable systems allow the companies to reduce costs as well as operate the system for several missions. The developments of the players in the market showcase that this market has the potential to have immense growth in the upcoming years.

Sub-Orbital Space Tourism Industry Overview

Space transportation has garnered significant interest from several space industries in the past few years. In the past, most space transportation has been focused on cargo supply missions to the International Space Station (ISS) and launch services, but currently, this focus has shifted to in-space transportation, planetary explorations, crewed missions, sub-orbital transportation, and space tourism. Several companies, including SpaceX, Blue Origin, and Virgin Galactic, have been focusing on developing platforms such as rocket-powered sub-orbital vehicles that will enable the industry to carry out sub-orbital transportation and space tourism.

The global sub-orbital space tourism market is estimated to reach $396.6 million in 2031, at a compound annual growth rate (CAGR) of 24.46% during the forecast period 2021-2031. With the growing need to make space accessible to the general public, several companies have been developing spacecraft as well as high-altitude balloons that will enable space tourism. Some of these companies include Virgin Galactic, Space Perspective, and Orbspace, among other.

Market Segmentation

Sub-Orbital Space Tourism Market by End User

The government end-user segment is anticipated to dominate the sub-orbital space tourism market. The factors contributing to this growth are the increasing number of partnerships and contracts that government agencies are forming with commercial players for several sub-orbital transportation applications.

Sub-Orbital Space Tourism Market by Flight Vehicle Type

The sub-orbital reusable vehicles segment is expected to lead the sub-orbital space tourism market. The growth of this segment is attributed to the growing number of emerging companies involved in developing such reusable vehicles that will carry out sub-orbital transportation.

Sub-Orbital Space Tourism Market by Region

North America is expected to dominate the global sub-orbital space tourism market during the forecast period. The number of growing successful demonstrations and test flights carried out by key players in this market has created an opportunity not only for them but also for other players who want to enter the market. Apart from this, these successful demonstrations have proven the viability of these systems and may push these companies to commercialize their product offerings. Additionally, several spaceports, such as the West Texas Launch Site and Spaceport America launch site, which support sub-orbital spaceflights, are also expected to boost the sub-orbital space tourism operations, which in turn will drive the market growth.

Key Market Players and Competition Synopsis

Blue Origin, Orbspace, PD AeroSpace, LTD, SpaceX, Space Perspective, Virgin Galactic, Zero Gravity Corporation, and Zero 2 Infinity S.L

The companies that are profiled in the report have been selected post undergoing in-depth interviews with experts and understanding details around companies such as product portfolio, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the space industry.

Additional information

Publisher

Geography Covered

Date Published

Pages

Format

Base Year

2021

Base Market Size

$44.5 Million in 2021

Currency/Unit

USD

Forecast Year

2031

Market Size Forecast

$396.6 Million by 2031

CAGR

24.46%

Table of Contents

1 Industry Outlook
1.1 Industry Outlook
1.1.1 Evolving Space Transportation Market: An Overview
1.1.2 Business Outlook for Ground Infrastructure Stakeholders
1.1.2.1 Current and Emerging Spaceports
1.1.2.2 Potential Utilization of Airports: Opportunity for Sub-Orbital Space Tourism Market
2 Demand Analysis of Sub-Orbital Space Tourism Market
2.1 Market Overview
2.2 Sub-Orbital Space Tourism Market (by End User)
2.2.1 Commercial
2.2.2 Government
2.3 Sub-orbital Space Tourism Market (by Flight Vehicle Type)
2.3.1 Sub-orbital Reusable Vehicles
2.3.2 High-altitude Balloon
2.3.3 Parabolic Aircraft
3 Regions
3.1 North America
3.1.1 Key Players in North America
3.1.2 North America Sub-Orbital Space Tourism Market (by End User)
3.1.3 North America (by Country)
3.1.3.1 U.S.
3.1.3.1.1 U.S. Sub-Orbital Space Tourism Market (by End User)
3.1.3.2 Canada
3.1.3.2.1 Canada Sub-Orbital Space Tourism Market (by End User)
3.2 Europe
3.2.1 Key Players in Europe
3.2.2 Europe Sub-Orbital Space Tourism Market (by End User)
3.2.3 Europe (by Country)
3.2.3.1 U.K.
3.2.3.1.1 U.K. Sub-Orbital Space Tourism Market (by End User)
3.2.3.2 Germany
3.2.3.2.1 Germany Sub-Orbital Space Tourism Market (by End User)
3.2.3.3 France
3.2.3.3.1 France Sub-Orbital Space Tourism Market (by End User)
3.2.3.4 Rest-of-Europe
3.2.3.4.1 Rest-of-Europe Sub-Orbital Space Tourism Market (by End User)
3.3 Asia-Pacific
3.3.1 Key Players in Asia-Pacific
3.3.2 Asia-Pacific Sub-Orbital Space Tourism Market (by End User)
3.3.3 Asia-Pacific (by Country)
3.3.3.1 China
3.3.3.1.1 China Sub-Orbital Space Tourism Market (by End User)
3.3.3.2 Japan
3.3.3.2.1 Japan Sub-Orbital Space Tourism Market (by End User)
3.3.3.3 Singapore
3.3.3.3.1 Singapore Sub-Orbital Space Tourism Market (by End User)
3.3.3.4 Rest-of-Asia-Pacific
3.3.3.4.1 Rest-of-Asia-Pacific Sub-Orbital Space Tourism Market (by End User)
3.4 Rest-of-the-World
3.4.1 Latin America
3.4.1.1 Latin America Sub-Orbital Space Tourism Market (by End User)
3.4.2 Middle East and Africa
3.4.2.1 Middle East and Africa Sub-Orbital Space Tourism Market (by End User)
4 Company Profiles
4.1 Blue Origin
4.1.1 Company Overview
4.1.1.1 Role of Blue Origin in Global Sub-Orbital Space Tourism Market
4.1.2 Product Portfolio
4.1.3 Strength and Weakness of Blue Origin
4.2 Orbspace
4.2.1 Company Overview
4.2.1.1 Role of Orbspace in Global Sub-Orbital Space Tourism Market
4.2.1.2 Product Portfolio
4.2.2 Strength and Weakness of Orbspace
4.3 PD AeroSpace, LTD
4.3.1 Company Overview
4.3.1.1 Role of PD AeroSpace, LTD in Global Sub-Orbital Space Tourism Market
4.3.1.2 Product Portfolio
4.3.2 Corporate Strategies
4.3.2.1 Agreement
4.3.3 Strength and Weakness of PD AeroSpace, LTD
4.4 SpaceX
4.4.1 Company Overview
4.4.1.1 Role of SpaceX in Global Sub-Orbital Space Tourism Market
4.4.1.2 Product Portfolio
4.4.2 Strength and Weakness of SpaceX
4.5 Space Perspective
4.5.1 Company Overview
4.5.1.1 Role of Space Perspective in Global Sub-orbital Space Tourism Market
4.5.1.2 Product Portfolio
4.5.2 Business Strategies
4.5.2.1 Funding
4.5.3 Corporate Strategies
4.5.3.1 Partnerships
4.5.4 Strength and Weakness of Space Perspective
4.6 Virgin Galactic
4.6.1 Company Overview
4.6.1.1 Role of Virgin Galactic in Global Sub-orbital Space Tourism Market
4.6.1.2 Product Portfolio
4.6.2 Business Strategies
4.6.2.1 Product Launch
4.6.3 Corporate Strategies
4.6.3.1 Partnerships and Merger
4.6.3.2 Contract
4.6.4 Strength and Weakness of Virgin Galactic
4.6.5 R&D Analysis
4.7 Zero Gravity Corporation
4.7.1 Company Overview
4.7.1.1 Role of Zero Gravity Corporation in Global Sub-Orbital Space Tourism Market
4.7.1.2 Product Portfolio
4.7.2 Corporate Strategies
4.7.3 Strength and Weakness of Zero Gravity Corporation
4.8 Zero 2 Infinity S.L
4.8.1 Company Overview
4.8.1.1 Role of Zero 2 Infinity S.L in Global Sub-Orbital Space Tourism Market
4.8.1.2 Product Portfolio
4.8.2 Strength and Weakness of Zero 2 Infinity S.L
4.9 Other Key Players
4.9.1 Starchaser Industries Ltd
5 Research Methodology
List of Figures
Figure 1: Global Sub-Orbital Space Tourism Market, $Million, 2020-2031
Figure 2: Global Sub-Orbital Space Tourism Market (by End User), $Million, 2021 and 2031
Figure 3: Global Sub-Orbital Space Tourism Market (by Flight Vehicle Type), $Million, 2021 and 2031
Figure 4: Global Sub-Orbital Tourism Market (by Region), $Million, 2021
Figure 5: Sub-Orbital Space Tourism Market Coverage
Figure 6: Space Tourism: Timeline
Figure 7: Global Sub-Orbital Space Tourism Market (by End User)
Figure 8: Global Commercial Sub-Orbital Space Tourism Market, $Million, 2020-2031
Figure 9: Global Government Sub-Orbital Space Tourism Market, $Million, 2020-2031
Figure 10: Global Sub-Orbital Space Tourism Market (by Flight Vehicle Type)
Figure 11: Global Sub-orbital Space Tourism Market for Sub-orbital Reusable Vehicles, $Million, 2020-2031
Figure 12: Global Sub-orbital Space Tourism Market for High-altitude Balloons, $Million, 2020-2031
Figure 13: Global Sub-orbital Space Tourism Market for Parabolic Aircraft, $Million, 2020-2031
Figure 14: Virgin Galactic R&D (2019-2020)
Figure 15: Research Methodology
Figure 16: Top-Down and Bottom-Up Approach
Figure 17: Sub-Orbital Space Tourism Market Influencing Factors
Figure 18: Assumptions and Limitations
List of Tables
Table 1: U.S. Current and Emerging Spaceports
Table 2: Other Countries Current and Emerging Spaceports
Table 3: Sub-Orbital Launches
Table 4: Global Sub-Orbital Space Tourism Market (by Region), $Million, 2020-2031
Table 5: North America Sub-Orbital Space Tourism Market (by End User), $Million, 2020-2031
Table 6: U.S. Sub-Orbital Space Tourism Market (by End User), $Million, 2020-2031
Table 7: Canada Sub-Orbital Space Tourism Market (by End User), $Million, 2020-2031
Table 8: Europe Sub-Orbital Space Tourism Market (by End User), $Million, 2020-2031
Table 9: U.K. Sub-Orbital Space Tourism Market (by End User), $Million, 2020-2031
Table 10: Germany Sub-Orbital Space Tourism Market (by End User), $Million, 2020-2031
Table 11: France Sub-Orbital Space Tourism Market (by End User), $Million, 2020-2031
Table 12: Rest-of-Europe Sub-Orbital Space Tourism Market (by End User), $Million, 2020-2031
Table 13: Asia-Pacific Sub-Orbital Space Tourism Market (by End User), $Million, 2020-2031
Table 14: China Sub-Orbital Space Tourism Market (by End User), $Million, 2020-2031
Table 15: Japan Sub-Orbital Space Tourism Market (by End User), $Million, 2020-2031
Table 16: Singapore Sub-Orbital Space Tourism Market (by End User), $Million, 2020-2031
Table 17: Rest-of-Asia-Pacific Sub-Orbital Space Tourism Market (by End User), $Million, 2020-2031
Table 18: Latin America Sub-Orbital Space Tourism Market (by End User), $Million, 2020-2031
Table 19: Middle East and Africa Sub-Orbital Space Tourism Market (by End User), $Million, 2020-2031
Table 20: Blue Origin: Product Portfolio
Table 21: Orbspace: Product Portfolio
Table 22: PD AeroSpace, LTD: Product Portfolio
Table 23: Agreement
Table 24: SpaceX: Product Portfolio
Table 25: Space Perspective: Product Portfolio
Table 26: Funding
Table 27: Partnerships
Table 28: Virgin Galactic: Product Portfolio
Table 29: Product Launch
Table 30: Partnerships and Merger
Table 31: Contract
Table 32: Zero Gravity Corporation: Product Portfolio
Table 33: Partnership
Table 34: Zero 2 Infinity S.L: Product Portfolio