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Sub-Orbital Transportation and Space Tourism Market by Flight Vehicle Type (Sub-Orbital Reusable Vehicles (SRVs), High-Altitude Balloons, Parabolic Aircraft), Application (Space Tourism, Cargo Delivery, Satellite Deployment, Remote Sensing and Earth Observation, and Others), End User (Commercial, Military, Government), and Region 2023-2028
Market Report I 2023-06-14 I 140 Pages I IMARC Group
The global sub-orbital transportation and space tourism market size reached US$ 596 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,597 Million by 2028, exhibiting a growth rate (CAGR) of 17.95% during 2023-2028. The technological advancements, increasing demand for space experiences and the emergence of private space companies represent some of the factors driving the market.
Sub-orbital transportation and space tourism are rapidly developing areas in the field of space exploration. Sub-orbital transportation is using spacecraft to carry people to altitudes just below the Earth's orbit. On the other hand, space tourism refers to the commercialization of space travel, whereby people pay to go outside of Earth's atmosphere. Sub-orbital transportation and space tourism are increasingly feasible for individuals as they allow people to experience the thrill of space travel and weightlessness and the view of the Earth from space without the extensive training and high costs associated with orbital flights. Several private companies are currently developing suborbital spacecraft to offer space tourism experiences. These spacecraft are designed to take passengers to an altitude of about 100 km, which is considered the edge of space, and then return them to Earth.
Sub-Orbital Transportation and Space Tourism Market Trends:
One of the primary factors driving the market is the technological advancements in the space industry. The development of reusable suborbital spacecraft has made it possible to experience space tourism at a much lower cost. Due to this, numerous private companies, such as Blue Origin, Virgin Galactic, and SpaceX, are investing heavily in developing new spacecraft that can carry passengers to space and back safely and affordably. As these technologies continue to improve, space tourism will become more accessible to the general public. Additionally, the increasing demand for space experiences is creating a positive market outlook. With the growing interest in space tourism and the development of new markets, including space hotels, spacewalks, and other space-related activities, individuals are becoming more interested in space travel and weightlessness, which is contributing to the market growth. Other than this, the emergence of private space companies is disrupting the traditional space industry and creating new opportunities for space travel and exploration. As a result, private companies are able to move faster than government agencies and are willing to take risks to advance the space industry. This has led to new spacecraft designs, innovative business models, and more affordable space travel options. Apart from these factors, government support for the space industry is driving the growth of the sub-orbital transportation and space tourism market. For instance, governments of various countries are investing in space technology and infrastructure to advance scientific research and exploration. This investment is also driving the development of new space markets, including space tourism. Furthermore, extensive research and development (R&D) activities by key players to expand their consumer base and improve their product portfolio are propelling the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global sub-orbital transportation and space tourism market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on the flight vehicle type, application, and end user.
Flight Vehicle Type Insights:
Sub-Orbital Reusable Vehicles (SRVs)
High-Altitude Balloons
Parabolic Aircraft
The report has provided a detailed breakup and analysis of the sub-orbital transportation and space tourism market based on the flight vehicle type. This includes sub-orbital reusable vehicles (SRVs), high-altitude, and parabolic aircraft. According to the report, sub-orbital reusable vehicles (SRVs) represented the largest segment.
Application Insights:
Space Tourism
Cargo Delivery
Satellite Deployment
Remote Sensing and Earth Observation
Others
A detailed breakup and analysis of the sub-orbital transportation and space tourism market based on the application has also been provided in the report. This includes space tourism, cargo delivery, satellite deployment, remote sensing and Earth observation, and others. According to the report, space tourism accounted for the largest market share.
End User Insights:
Commercial
Military
Government
The report has provided a detailed breakup and analysis of the sub-orbital transportation and space tourism market based on the end user. This includes commercial, military, and government. According to the report, government represented the largest segment.
Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market forsub-orbital transportation and space tourism. Some of the factors driving the North America sub-orbital transportation and space tourism market included technological advancements, increasing investments by private sector in space exploration activities, and rising demand for space tourism, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global sub-orbital transportation and space tourism market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Blue Origin LLC, Equatorial Space Systems Pte Ltd., Exos Aerospace Systems & Technologies Inc., Near Space Corp., Orbspace, PD Aerospace Ltd., Space Exploration Technologies Corporation (SpaceX), Space Perspective Inc., Swedish Space Corporation, Virgin Galactic Holdings Inc., World View Enterprises Inc., Zero 2 Infinity S.L., Zero Gravity Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global sub-orbital transportation and space tourism market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global sub-orbital transportation and space tourism market?
What is the impact of each driver, restraint, and opportunity on the global sub-orbital transportation and space tourism market?
What are the key regional markets?
Which countries represent the most attractive sub-orbital transportation and space tourism market?
What is the breakup of the market based on the flight vehicle type?
Which is the most attractive flight vehicle type in the sub-orbital transportation and space tourism market?
What is the breakup of the market based on the application?
Which is the most attractive application in the sub-orbital transportation and space tourism market?
What is the breakup of the market based on end user?
Which is the most attractive end user in the sub-orbital transportation and space tourism market?
What is the competitive structure of the global sub-orbital transportation and space tourism market?
Who are the key players/companies in the global sub-orbital transportation and space tourism market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Sub-Orbital Transportation and Space Tourism Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Flight Vehicle Type
6.1 Sub-Orbital Reusable Vehicles (SRVs)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 High-Altitude Balloons
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Parabolic Aircraft
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1 Space Tourism
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cargo Delivery
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Satellite Deployment
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Remote Sensing and Earth Observation
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End User
8.1 Commercial
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Military
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Government
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
10.1 Overview
10.2 Drivers
10.3 Restraints
10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Blue Origin LLC
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Equatorial Space Systems Pte Ltd.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Exos Aerospace Systems & Technologies Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Near Space Corp.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Orbspace
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 PD AeroSpace, LTD
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Space Exploration Technologies Corporation (SpaceX)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Space Perspective Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Swedish Space Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Virgin Galactic Holdings Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 World View Enterprises, Inc
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Zero 2 Infinity S.L
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 Zero Gravity Corporation
14.3.13.1 Company Overview
14.3.13.2 Product PortfolioKindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Figure 1: Global: Sub-Orbital Transportation and Space Tourism Market: Major Drivers and Challenges
Figure 2: Global: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Sub-Orbital Transportation and Space Tourism Market: Breakup by Flight Vehicle Type (in %), 2022
Figure 5: Global: Sub-Orbital Transportation and Space Tourism Market: Breakup by Application (in %), 2022
Figure 6: Global: Sub-Orbital Transportation and Space Tourism Market: Breakup by End User (in %), 2022
Figure 7: Global: Sub-Orbital Transportation and Space Tourism Market: Breakup by Region (in %), 2022
Figure 8: Global: Sub-Orbital Transportation and Space Tourism (Sub-Orbital Reusable Vehicles (SRVs)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Sub-Orbital Transportation and Space Tourism (Sub-Orbital Reusable Vehicles (SRVs)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Sub-Orbital Transportation and Space Tourism (High-Altitude Balloons) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Sub-Orbital Transportation and Space Tourism (High-Altitude Balloons) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Sub-Orbital Transportation and Space Tourism (Parabolic Aircraft) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Sub-Orbital Transportation and Space Tourism (Parabolic Aircraft) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Sub-Orbital Transportation and Space Tourism (Space Tourism) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Sub-Orbital Transportation and Space Tourism (Space Tourism) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Sub-Orbital Transportation and Space Tourism (Cargo Delivery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Sub-Orbital Transportation and Space Tourism (Cargo Delivery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Sub-Orbital Transportation and Space Tourism (Satellite Deployment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Sub-Orbital Transportation and Space Tourism (Satellite Deployment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Sub-Orbital Transportation and Space Tourism (Remote Sensing and Earth Observation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Sub-Orbital Transportation and Space Tourism (Remote Sensing and Earth Observation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Sub-Orbital Transportation and Space Tourism (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Sub-Orbital Transportation and Space Tourism (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Sub-Orbital Transportation and Space Tourism (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Sub-Orbital Transportation and Space Tourism (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Sub-Orbital Transportation and Space Tourism (Military) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Sub-Orbital Transportation and Space Tourism (Military) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Sub-Orbital Transportation and Space Tourism (Government) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Sub-Orbital Transportation and Space Tourism (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Sub-Orbital Transportation and Space Tourism Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Sub-Orbital Transportation and Space Tourism Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Sub-Orbital Transportation and Space Tourism Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Sub-Orbital Transportation and Space Tourism Industry: Drivers, Restraints, and Opportunities
Figure 80: Global: Sub-Orbital Transportation and Space Tourism Industry: Value Chain Analysis
Figure 81: Global: Sub-Orbital Transportation and Space Tourism Industry: Porter's Five Forces Analysis
Table 1: Global: Sub-Orbital Transportation and Space Tourism Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Sub-Orbital Transportation and Space Tourism Market Forecast: Breakup by Flight Vehicle Type (in Million US$), 2023-2028
Table 3: Global: Sub-Orbital Transportation and Space Tourism Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Sub-Orbital Transportation and Space Tourism Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Sub-Orbital Transportation and Space Tourism Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Sub-Orbital Transportation and Space Tourism Market: Competitive Structure
Table 7: Global: Sub-Orbital Transportation and Space Tourism Market: Key Players
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