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

Report Highlights

Global Sub-Orbital Space Tourism Market is expected to reach $396.6 Million by 2031

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.