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.

New York, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Sub-Orbital Space Tourism Market: Focus on End User, Flight Vehicle Type, and Country - Analysis and Forecast, 2021-2031" - https://www.reportlinker.com/p06176307/?utm_source=GNW


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.

Countries Covered
• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Rest-of-Europe
• Asia-Pacific
• China
• Japan
• Singapore
• Rest-of-Asia-Pacific
• Rest-of-the-World
• Latin America
• Middle East and Africa (MEA)
Read the full report: https://www.reportlinker.com/p06176307/?utm_source=GNW

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